GJ-Tue-24/06/25 TDA-Strong resistance area 198.180Analysis done directly on the chart
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A good advise is always to have understanding of the whole picture,
once you identified the full picture then come down to little details
that shapes the big picture.
Example trading related: understanding the
Higher timeframe structure (htf). This is what
We call the "Top Down Analysis" (TDA).
Once you identified the big picture, you go to
lower timeframe structure (LTF), these are the little details.
Comment down below if you agree or disagree!
Active in London session!
Not financial advice, DYOR.
Market Flow Strategy
Mister Y
JPYGBP trade ideas
GBP/JPY GBP/JPY has reached a significant level of interest at the 196.260 area on the daily timeframe. From this point, price action could develop in one of two key scenarios:
1) Bullish Continuation: If price breaks above the 196.260 level, confirming continued bullish momentum, I would look for a potential long entry on a successful retest of this zone.
2) Bearish Reversal: Alternatively, if price rejects this key level, I will wait for confirmation of a reversal—such as the formation of lower lows and lower highs, supported by classic reversal patterns like a head and shoulders or double top, alongside a trendline break—before considering a short position.
I will continue to monitor GBP/JPY closely over the coming sessions to assess how price reacts at this critical area.
GBPJPY and the Different PatternsIn this pair, there is a possibility to open a long position.
When analyzing the pair on higher time-frames, using a 45-period exponential moving average and two simple moving averages of 70 and 95 periods, supported by a Parabolic SAR, an opportunity to enter a buy position is identified.
On the daily time-frame, there is a possibility that the pair is forming an ascending triangle continuation pattern, and it is from this pattern that the buy entry is anticipated.
Despite the points mentioned above, the trade was planned on the 5-minute time-frame through the creation of a rectangle, where the position size was studied. Subsequently, on the 1-hour and 4-hour time-frames, a triangle was outlined to confirm the upward movement.
However, it is important to emphasize that, despite the technical analysis presented, it is essential to monitor news, economic data, and other factors that may influence this pair, as this analysis is based exclusively on technical criteria.
The long position tool displayed on the chart serves only as additional support for the trade entry.
GBPJPY H1 I Bullish Bounce OffBased on the H1chart analysis, the price is approaching our buy entry level at 196.28 a pullback support.
Our take profit is set at 197.62, aligning with the 127.2% Fib extension.
The stop loss is placed at 195.36, an overlap support.
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GBP_JPY SHORT FROM RESISTANCE|
✅GBP_JPY is going up now
But a strong resistance level is ahead at 196.859
Thus I am expecting a pullback
And a move down towards the target of 196.322
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Pound-yen might try again to break above ¥196So far, the yen hasn’t seen much demand as a haven amid the war between Israel and Iran. Some expectations indicate that the Bank of Japan might call for a single hike to 0.75% on 31 July while the Bank of England seems likely to cut to 4% in August. Regardless how rates move over the summer, it seems very likely that the differential in rates will shrink further by the end of the year.
The false breakout on 16 and 17 June seems to strengthen the area of ¥196.50 as a possible resistance, but strong intraday gains on 19 June might suggest that there could be another attempt on this possible resistance soon. There’s no obvious trend on the daily chart but the weekly trend is clearly sideways. 18-19 June forms a near engulfing pattern, which could also suggest upward momentum to come.
Dynamic support might come from the value area between the 50 SMA from Bands and the 200 SMA. The latter has been tested repeatedly and unsuccessfully since last month. Given a relatively low ATR and volume, continuation within the range might be more likely than a sustained upward breakout, but that also depends on the general situation in markets. With no top data from either Britain or Japan until 11 July, traders will probably continue to watch news of tariffs and the Israeli-Iranian war.
This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
GJ-Thu-19/06/25 TDA-Eyes on BoE interest rate decisionAnalysis done directly on the chart
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Focus on your trading time. If you have missed
a move but it wasnt in your trading time
then you haven't missed anything.
Active in London session!
Not financial advice, DYOR.
Market Flow Strategy
Mister Y
GBP/JPY Testing Trendline SupportGBP/JPY is currently testing an ascending trendline around the 194.30 – 193.95 area. Price action suggests potential for a bullish bounce if the support holds.
Upside targets include 194.850 and 195.304, provided that the structure remains intact.
However, a confirmed break below 193.955 would invalidate the bullish scenario and potentially trigger further downside.
🔹 Support: 193.955
🔹 Resistance 1: 194.850
🔹 Resistance 2: 195.304
🔹 Structure: Trendline bounce
🔹 Timeframe: 1H
🔹 Bias: Bullish as long as 193.95 holds
This is a technical idea only – not financial advice.
GBPJPY BUY OR SELL IDEABased on HTF (Daily), the price is currently in an uptrend and approaching a previously broken weekly resistance level, which has now turned to support.
If the bullish trendline and support level are respected, a bullish candlestick signal would be a signal for a bullish move, while a break below the support level would be an indication of a fall to the next support area.
GBPJPY: Long Trade Explained
GBPJPY
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long GBPJPY
Entry Point - 194.85
Stop Loss - 194.39
Take Profit - 195.71
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GJ-Wed-18/06/25 TDA-Uncertainty looms, play it safe!Analysis done directly on the chart
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Today topic: what's something you do outside
of trading that helps you trade?
For me example: I exercise, letting the oxygen
flow through the whole body. If you want to
perform great then not just your mind but also
your body is has to be trained.
Comment down below your opinion!
Active in London session!
Not financial advice, DYOR.
Market Flow Strategy
Mister Y