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Gbp-jpy

GBPJPY to possibly launchAfter price gave us a change of character the the upside on 4h timeframe, it retraced and retested extreme demand. It then preceded to break structure the the upside, confirming the SMS we just had. It left behind a huge imbalance since it broke structure with an enormous upside momentum. It has currently retraced and is hovering above a demand zone that it could use to push further to the upside with the aid of liquidity that has accumulated over this demand zone.
Long
by BlackTygaTrades
GBPJPY 24th july After a rather choppy week last week with a lot of red folded news we have seen the British pound Japanese yen push into a bullish movement this tells us that we look for the bullish continuation we have located our last swing low and our last swing high giving us a new bullish range we are going to look to buy this higher targeting the high of the range created on Friday the POI and stop loss is very tight with this so I would use your own risk management rules to assure that you do not get tapped out either leaving more room with the stop loss or reducing your position down South that if you do get tapped it will not affect your account massively. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Long
by PipSurfingSociety
GBPJPY to stem dip?GBPJPY - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This is positive for sentiment and the uptrend has potential to return. Previous support located at 179.92. The hourly chart technicals suggests further downside before the uptrend returns. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. We look to Buy at 180.00 (stop at 179.20) Our profit targets will be 182.00 and 182.40 Resistance: 182.50 / 184.00 / 186.00 Support: 179.10 / 176.70 / 172.10 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
GBPJPY H4 - Short SignalGBPJPY H4 Looking like we want to slow down on the gains here amongst a handful of ***JPY pairs, GBPJPY looking like the most attractive for shorts at the moment, but a little more confirmation wouldn't go-a-miss. Looking at USDJPY and EURJPY respectively, we have seen a downside dump and retest. Seeing shorts out throughout the start of Q3 and a deeper correction to warrant this latest bull rally would make sense to me. But lets see what starts to unfold.
Short
by Trade_Simple_FX
gbpjpyGBP/JPY has successfully broken out of its bearish range following the news events on Friday. As a result, we will now shift our focus to identifying bullish setups. Although the price action isn't optimal based on the close, we have a swing range that presents buying opportunities. However, it's important to note that there are some significant red-flag news events scheduled for this week. Consequently, we will exercise caution and avoid trading setups that are too close to our entry points and coincide with the news releases. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
GBPJPY: Hit a 2 year Resistance. Hard fall possible.GBPJPY hit today the top (HH line) of the Megaphone pattern that started on the May 24th 2021 High. Tha last time it did (April 18th 2022), the price got rejected back to the 0.618 Fibonacci level and the 1W MA50. Right now the 1W MA50 is already near the 0.618 Fibonacci and is headed towards the 0.5. With the 1W technicals vastly overbought (RSI = 75.716, MACD = 4.620, ADX = 61.529), we expect a hard landing for the pair and open a long term sell targeting the 0.5 Fibonacci (TP = 170.000), where not only we project contact with the 1W MA50 but is also where the HL of the Rising Wedge is. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
4
🔥 MODIFICATIONS & ADD-ONs: GBPJPY...DT 🔥 POSITION TRADE 🔥🙌🏾 NO RISK TRADE MODIFICATIONS SLO3 @ 191.25 ⏳ SLO1 @ 183.75 📉 +41 pips +SL @ 183.66 🚫 +9 pips SLO2 @ 183.20 (1m) ⏳ TP1 @ 169.66 (shaving 25%) TP2 @ 157.50 (shaving 25%) TP3 @ 148.66 (shaving 25%) TP4 @ 135.00 (closing ALL Sell Orders) BLO1 @ 131.75 ⏳ BLO2 @ 123.75 ⏳ -SL @ 120.00 🚫 🤑 Our Net Equity is @ +158 pips 🚫 +SL modified to preserve capital (see above) ✍️ After Multi-timeframe analysis, on noticed a newly created Supply Zone on the 55m and the 1m chart. 📉 If Price Action (PA) pulls back (PB) up to that Supply Zone, I placed a new Sell Limit Order at the proximal of the range (see above) — the range for an entry is from 183.20 to 183.60 (55D)
Short
by ProfessorCEWard
GBPJPY - Continue to rise? or beginning of the fall? 26/06/2023 - 1 Hour TF GBPJPY has been in a Bullish trend for quite a signifcant amount of time consitenly making Higher Highs as well as Lower Lows. Supported on the Weekly, Monthly, Daily & Hourly timeframes. Despite recent Bearish breaks we are looking for potential buys as we kick of the trading week. Recent news articles also points to a potential Bullish run. Raising interest rates also supports the idea of a longer Looking to enter a trade after price has broken below area of support, & it has come back to close above zone a 1:1 or higher win rate ratio. DISCLAIMER: All trades are just my own ideas and should not be taken as a signal. Follow me for more ideas. Happy Trading! Supreme Trading Society
Long
by SupremeTradingFX
1
GBPJPY Road to 184.4 (UPDATE)Hey Traders! 👋 For Day 38/100 of our challenge, we will look at an update on our GBPJPY long idea we sent last week. Technicals: (update to tagged idea) - We've rejected the 62% fib retracement - Created a new high above 182.500 - Expecting this break of high to clear 184.4 - If 181.2 is broken to the downside, invalid idea *** Note that this trade was based on last week's context. Changes in fundamentals have not yet been accounted for. Rob's notes: Was gone for a while as I had to fix my scheduling the past few days. All will be back to normal programming now. Let's complete this 100 days
Long
by rob_WRLD_
GBPJPY to 184 is more than likely - agree?Hey Traders! 👋 For Day 35/100 of our challenge, we will look at a data-backed NZDJPY long idea Technicals: - Impulse higher on break of 179 - High created at 182 res. - Now retracing lower - Expecting 179 to be retracement extension - But if price doesn't extend down to 179, look for a break and retest above 182 res. Today is a harder one as we have too many pairs in play that we didn't want to reveal for the sake of our paying members haha. But the 100-day challenge must go on. What do you think? Leave a like and comment - if you don't agree, tell me what I'm missing. Thanks!
Long
by rob_WRLD_
2