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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

Long on the GJHeyy guyss.. Quick look at GJ. On the higher timeframe we have a bullish structure. I want to look only for buying setup Price yesterday has broken above last week high as previous high. I am looking to see a corrective move. During asian session. Price did a corrective move back to orderbloc, FVG, open price(yesterday) I want to start seeing hunting a change of character from the London session. London session started and took out asian low. Then did a displacement with an engulfing candle on the 30mins. This is where I want to get in on my bullish setup Take a good look guyss and use proper risk management. Have a nice trade Happy Hunting 🏹
Long
by jayxinmiles
2
Short Term Elliott Wave Sequence in GBPJPY Calling Further UpsidShort Term Elliott Wave in GBPJPY shows a bullish sequence from 8.5.2024 low, favoring further upside. Rally from 8.5.2024 low is unfolding as a 5 waves impulse. Wave (1) higher ended at 192.01. Pullback in wave (2) unfolded as a zigzag Elliott Wave structure like the 1 hour chart below shows. Down from wave (1), wave A ended at 190.34 and rally in wave B ended at 191.625. Wave C lower ended at 188.19 which completed wave (2) in higher degree. The pair extended higher in wave (3). Up from wave (2), wave ((i)) ended at 190.76 and dips in wave ((ii)) ended at 188.89. Wave ((iii)) higher ended at 191.47 and wave ((iv)) ended at 189.42. Final leg wave ((v)) ended at 192 which completed wave 1 in higher degree. Pullback in wave 2 ended at 189.46 with internal subdivision as expanded flat. Up from there, wave 3 is in progress as an impulse. Wave ((i)) of 3 ended at 191.92 and wave ((ii)) of 3 ended at 190.18. Pair is nesting higher in wave ((iii)) with wave (i) ended at 191.49 and wave (ii) ended at 190.44. Expect wave (iii) to end soon, followed by wave (iv) pullback before it resumes higher again. Near term, as far as pivot at 188.19 low stays intact, expect dips to find support in 3, 7, 11 swing for further upside.
by Elliottwave-Forecast
1
GBPJPY bullish continuation expected GBPJPY we are have strong bearish push, which is be based on BoJ rate cut which we are have before 2 weeks, when they are raise rates. On D TF on 21.8 price is make bounce on strong zone, on lower TF 4h we can see SYMMETRICAL TRIANGLE pattern created, its also breaked, for me 191.00 is be strong zone which can be used for confirmation of break of SYMMENTRICAL TRIANGL (next zone which can be used dor confirmation is 192.00). Currently price looks like its make break, JPY is make strong bearish push in last periods with many majors now expecting to see some rebounces, technically with many looks bearish. TP1: 194.600 (300) TP2: 196.600 (500)
Long
by DepaTrading
GBPJPY remains Bearish..Current Price: 190.400 Outlook: Bearish Reasons: - The pair has broken below the key support level of 191.000, indicating a potential downtrend. - The Relative Strength Index (RSI) is below 50, suggesting bearish momentum. - The Moving Average Convergence Divergence (MACD) is showing a bearish crossover, indicating a potential sell signal. - The pair is trading below the 200-period moving average, which is a bearish sign. Next Support Levels: 189.000, 188.000 Next Resistance Levels: 191.000, 192.000 Recommendation: Sell on rallies, target 189.000 and 188.000.
Short
by HAAADY
GBPJPY - UniverseMetta - Analysis#GBPJPY - UniverseMetta - Analysis After a strong downward impulse and correction, the downward movement did not continue, which may indicate the end of the correction movement, if you look at the timeframe on W1 and the resumption of growth. On D1, the price formed a 3-wave structure through a triangular correction, which can give an upward movement to the levels to update ATH. You can also take into account the size of the position taking into account the short SL 1 to 10. Target: 194.318 - 211.073
Long
by Trade-U-Metta
GBP/JPY May Resume the Bullish TrendGBP/JPY May Resume the Bullish Trend The GBP/JPY pair is breaking out of a bullish triangle pattern, indicating growing bullish momentum. This momentum is largely driven by the dovish tones from the Bank of Japan (BOJ) last week. The market is also speculating about a potential rate cut by the Federal Open Market Committee (FOMC) this month. The FOMC is expected to cut rates by 25 to 50 basis points, which could push USD/JPY higher. It all depends on the rate cut. If this occurs, JPY pairs may rise further However, this is a risky assumption as it is based on market speculation. Targets: 🎯 194.00 🎯 196.00 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
5