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Gbpjpyanalysis

GJ SellGj closed below zone on the 30mins where I expected a rtracement to 189.05 and wanted to see additional confirmation that it will push down like a BOS on the smaller timeframe. Upon seeing the close below zone and retracement back to zone I zoomed into the 5mins chart to see if I could get a Break of Structure to the downside as additional confirmation this will carry on going down. This confirmed at 2.45pm uk time. I then entered sells @189.00 with sl@189.33 (risking 33pips). TP1: 188.33. TP2: 188.05 * Where has the market moved since I entered my trade? PROFITS * If I looked at the market now, would I take the same trade? Yes * How do I feel about my trade? Confident * What do I like about this trade ? Multiple confluences and good entry * What do I dis-like about this trade now? taking its time * On a scale of 1 to 10, where would I rate this Trade now? 7/10 * If I were not in a trade now, would I take the opposite trade ?No
Long
by mrachaw
1
SHORT GBP/JPY from 189.14I've been anticipating GBP/JPY turning BEARISH for a few hours as we've seen the price push through the 200 EMA on H1 and the WP pivot and the signs are that GBP/JPY BEARS are jumping in. BEARISH signals include RSI which was 71 but is now 61 indicating a move south and MACD which is lagging behind (as usual) but signficantly not making any more headway north and the fast MA is beginnig to turn south and looks like it will be crossing the slow MA in the next hour or two if the price continues south. The much under used Andean Oscillator has seen the red SELL line leave zero and begin to climb (now reading .079) and at the same time we are seeing the gree BUY line of the same indicator lose ground though it still remains above the signal line and ideally we would like to see this below. The 200 EMA and WPP mid pivot now sit above the price so GBP/JPY BULLS will have it all to do to resume travelling north particularly as RSI is still high and the price would be pushing back into over bought territory. STOP is above the recent highs and target is the band of support at 188.41.
Short
by forextraplaces
GBPJPY BUYThe GBP/JPY cross turns positive for the second successive day following an early dip to the 188.40 region on Wednesday and looks to build on the overnight bounce from a near one-month low. Spot prices, meanwhile, react little to the UK macro data and hold steady around the 189.00 mark during the early European session. The Japanese Yen (JPY) meets with a fresh supply after the Bank of Japan (BoJ) Governor Kazuo Ueda reiterated that the central bank will seek an exit from easy policy when achievement of 2% inflation is in sight. The comments smashed hopes for an imminent shift in the BoJ's policy stance next week, which, in turn, undermines the JPY and assists the GBP/JPY cross to attract some dip-buying.
Short
by Senorita71
GBP/JPY BUYSGJ closed above buy zone (189.15) zone on the 1h at GBP 9.00am Upon seeing this as the stop loss would have to be placed below the 1h candle @188.75 I waited for price to come down to entry range of 189.00- 189.10. Where I entered manually @189.08 with sl@188.75 (risking 33pips). TP1:189.47 TP2:189.75 TP3: 189.85. TP4:190.00 * Where has the market moved since I entered my trade? Slight profits * If I looked at the market now, would I take the same trade? Yes * How do I feel about my trade? Optimistic * What do I like about this trade ? Waited for good entry * What do I dis-like about this trade now? Taking its time and choppy * On a scale of 1 to 10, where would I rate this Trade now? 7/10 * If I were not in a trade now, would I take the opposite trade ? no
Long
by mrachaw
British Pound Faces Volatility Amid Economic UncertaintyThe British Pound (GBP) is experiencing heightened volatility amidst ongoing economic uncertainty. Factors such as Brexit negotiations, the resurgence of COVID-19, and inflationary pressures are contributing to fluctuations in the value of the pound. Investors are closely monitoring developments in trade negotiations between the UK and the EU, as well as the Bank of England's monetary policy decisions, for clues about the pound's future direction. With global economic conditions remaining uncertain, the British Pound is expected to continue facing volatility in the near term, posing challenges and opportunities for traders and investors alike.
by CaterinaGoldTrading
GJ BUYSGJ Had been bearish for a while and had now tapped into main demand zone where I was expecting a reversal but needed a confirmation. Price broke above structure confirming buy bias on 30m and 1h and now looked like it was heading down for retest & retracement. Upon seeing I was looking for entries @188.200-188.300 with a sl@187.900 (risking 35pipsmax). I also set a buy limit @188.25. Aiming for 1:3; R:R. TP1: 188.75 TP2: 189.00 TP3: 189.47 * Where has the market moved since I entered my trade? Slight profits * If I looked at the market now, would I take the same trade? yes * How do I feel about my trade? Optimistic * What do I like about this trade ? Precise entry * What do I dis-like about this trade now? taking its time, reversal trades tend to do this * On a scale of 1 to 10, where would I rate this Trade now? 7/10 * If I were not in a trade now, would I take the opposite trade ? no
Long
by mrachaw
What BOJ Policy might do to the GBP/JPY?GBP/JPY is on a relentless uptrend fueled by ultra-low interest rates in Japan. On Friday, The Bank of Japan (BoJ) Governor Kazuo Ueda stated that it was too early to declare victory on inflation. On the other hand, the currently prevailing technical recession in Japan could lead to BoJ delaying its plan to tighten the monetary policy. All these factors are weighing negatively on the Japanese Yen. However, certain reports coming out of Japan suggest that the Government is planning an official end to the deflation. So, if BoJ signals a shift in their ultra-loose monetary Policy, JPY could gain strength. Technically, the area around 191 could offer some resistance. So, in case of further bearish price action near 191, we can consider sell entries.
by KaltoireCapital
GBPJPY Analyisi On Weekly ChartGBPJPY: Navigating the Ranging Channel for Profit The GBPJPY pair has been trading within a well-defined ranging channel on the weekly chart, presenting opportunities for both bullish and bearish plays within the boundaries of the channel. Key Observations: Defined Range: The channel is characterized by parallel horizontal lines acting as support and resistance. Price Action: The pair has been oscillating between these levels, creating predictable entry and exit points. Volume: Look for volume confirmation when the price approaches either boundary to validate the range. Trade Strategy: Bullish Scenario: Consider a long position near the support level with a stop loss just below it. Bearish Scenario: Conversely, a short position near the resistance level with a stop loss just above it could be profitable. Take Profit: Set take profit targets within the range, respecting the historical price movements within the channel. Risk Management: Adjustments: Be prepared to adjust your strategy if the price breaks out of the channel, as this could signal a new trend. News Impact: Keep an eye on economic news and events that could cause increased volatility and potential breakouts. Trade ideas are speculative and should be used in conjunction with a comprehensive trading strategy and risk management. This trade idea is based on the ranging channel pattern, which indicates that the price is likely to continue moving within the established boundaries until a breakout occurs. Monitor the pair closely for signs of a breakout which could indicate a new trend. Happy trading!
by itmecrypomania
GBPJPY H1 / Long Entry Confirmation ✅Hello Traders! This is my idea related to GBPJPY H1. I see a confirmation for a long entry after the retracement until the price of 189.700. It reacted perfectly from the OB H1 and I expect to see a bullish move until the price of 190.600. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Long
by GoodTradeST
GBPJPY (H4 ) Price Is Ready To Fly 🎖️🎖️traders GBPJPY price is ready to fly My dear subscribers My technical analysis is for GBPJPY below The price is coming around a solid key Level 189.500 Frist Target zone 195.500 2nd Target zone 200.000 Bis_ Bullish Technical indicators Pivot point low anticipates a potential price reversal Super trend shows a clear buy giving a Perfect indicators convergence perfect Indicators convergence If this post is useful to you you can support me with like boost and advice in comments
Short
by FxJoseph_7
Today GBP/JPY target is really 188.400? Let's check the analysis📣 Hello Mates! We can see GBP/JPY is currently running sideways with no clear direction. However, our prediction is that GBP/JPY will go for a sell and reach our targets of 188.980 and 188.400. We have strong resistance levels at 190.100 and 191.350, along with strong support at 188.900 and 188.400. Although 188.960 is also a strong support level, we believe GBP/JPY will reach our targets of 188.980 and 188.400. 🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio. 📈 Our Resistance Levels are spotted at: - 190.100 - 191.350 📉 And our Support Levels are set at: - 188.960 - 188.400 Stay tuned for further updates and trade smartly! 📊
Short
by BigtimeFx