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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBPJPY SELL ALERTS!!! *GBP/JPY Sell Alert: Don't Miss Out!* *Key Points to Consider:* 1. *High-Probability Sell Opportunity*: A critical resistance level has been reached, increasing the likelihood of a reversal. 2. *Yen Strength*: A strengthening Japanese Yen, driven by safe-haven demand and positive economic data, may exacerbate the GBP/JPY decline. *Trade Specifications:* - *Sell Entry:* 193 - *Profit Targets:* - TP1: 191 (50 pips) - TP2: 188 (100 pips) - *Stop-Loss:* 194 (10 pips above entry) *Market Context:* The GBP/JPY pair is consolidating, with market participants awaiting key economic data releases and Brexit updates. A break below 191 could trigger a sharp decline. *Trading Strategy:* Sell GBP/JPY at 193, with a stop-loss at 194. Use the profit targets to take profits or adjust the stop-loss to break even. *Actionable Insights:* - Monitor the GBP/JPY pair closely for a potential breakdown below 191. - Adjust your trading strategy according to market conditions and economic data releases. - Keep an eye on the Japanese Yen's strength and its impact on the GBP/JPY pair. *News and Market Analysis:* - *BOJ's Monetary Policy Decision*: The Bank of Japan's decision to maintain its monetary policy stance has strengthened the Japanese Yen. - *Brexit Uncertainty*: Ongoing Brexit negotiations and uncertainty surrounding the UK's departure from the EU may weigh on the British Pound. - *Global Economic Slowdown*: Concerns over a global economic slowdown may drive investors towards safe-haven assets, such as the Japanese Yen. *Your Feedback Matters:* If this trade idea and analysis helped you, please: Keep your best wishes to the Travis 👍 - *Like* to show appreciation - *Share* your opinions and feedback - *Follow* for more trade ideas and market analysis
Short
by Expert_Travis
GBP/JPY - 30M Analysis & Key Levels📉 GBP/JPY - 30M Analysis & Key Levels 🔵 Current Price: 194.630 🔴 Supply Zone (Resistance): 194.610 - 194.685 🟢 Demand Zone (Support): 193.696 - 193.705 🔍 Possible Scenarios: 1️⃣ Bearish Case: If price respects the 194.610 - 194.685 supply zone and rejects, we could see a drop towards 193.705 support. 2️⃣ Bullish Case: If price breaks and closes above 194.685, it may invalidate the bearish setup and push towards higher levels. 💡 Trading Plan: ✅ Look for potential short entries near 194.610 - 194.685 if rejection occurs. ✅ Target 193.705 as a downside objective. ✅ If price breaks above 194.685, avoid shorts and reassess for potential bullish setups. Would you like additional insights on stop-loss or confirmation entries? 📊🔥
Short
by FXFOREVER_87
Good BUY Opportunity GBPJPYThis morning, we observed a notable increase in retail short positions across multiple timeframes, clearly diverging from the rolling averages. This shift in sentiment aligns with a symmetrical triangle breakout to the upside. Currently, the price is making a minor pullback to retest the triangle’s upper boundary—a setup we definitely want to take advantage of. Our stop-loss is placed just below the second higher low at 190.50, protecting the trade structure. The target is set at the full amplitude of the triangle breakout. We'll continue monitoring retail sentiment for additional confirmations, with the intention to gradually increase the long position if conditions remain favorable.
Long
by bambarcapital
GBPJPY INTRADAY bullish breakout supported at 193.24The GBP/JPY currency pair shows a bullish sentiment, reinforced by the prevailing uptrend. Recent intraday price action appears to be a bullish breakout above previous resistance zone. Bullish Scenario: The key trading level to watch is 193.24, which represents the previous consolidation range. A successful bullish bounce from this level could target the 195.00 resistance, with potential continuation toward 196.20 and 197.45 over the longer timeframe. Bearish Scenario: However, a decisive break below 193.24 with a daily close below this level would invalidate the bullish outlook. This would signal a potential shift to a bearish trend, with downside targets at 192.00 and, subsequently, 191.60. Conclusion: The bullish sentiment remains intact as long as 193.24 holds as support. Traders should look for bullish confirmation at this level to sustain upward momentum. A break below 193.24 would indicate a deeper retracement and potential trend reversal. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation