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Gbpjpyanalysis

GBPJPY next possible move🔴🔴 DIFFERENCES BETWEEN AMATEUR TRADERS AND SUCCESSFUL TRADERS 💡 Amateur Traders: ❌ Rely on "27" technical indicators without a clear strategy. ❌ Are influenced by the opinions of others. ❌ Make decisions based on emotions rather than logic. ❌ Take reckless risks, often due to a lack of preparation. 🔥 Successful Traders: ✅ Analyze price movements with precision and discernment. ✅ Prepare clear action plans and adapt quickly to new market data. ✅ Use structured trading systems to minimize uncertainty. ✅ Take calculated risks based on rational analysis and probabilities. ⚠️ Lesson: Don’t let emotions or external noise dictate your decisions. Be methodical, structured, and disciplined. That’s where the key to trading success lies. 🎯 Which category do you choose to join today?
Short
by eLs-Trading
1
GBPJPY Trendline Breakout , All eyes on BuyingHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
by ForexMasters2000
Bullish Opportunity in GBP/JPY? Strategy Using Fibonacci and RSIHey traders! Today, I’m excited to share an interesting trading opportunity I spotted on the GBP/JPY pair in the 30-minute timeframe. The price is currently respecting the 50% Fibonacci retracement level at 190.752, which is aligning as a strong support zone. Additionally, the RSI is sitting at 43.80, suggesting there’s still room for an upward move before hitting overbought levels. On top of that, the ascending trendline is holding steady, giving further confluence for a potential bullish setup. Here’s my plan: - Stop Loss: Below 189.729, which is a key support zone in case the price breaks lower. - Take Profit: First target at 191.385, with a potential extension to 192.419 if momentum continues. The key here is to wait for confirmation! Ideally, we’ll see increased volume or a strong bullish candle to validate the entry. Remember, proper risk management is essential. What do you think of this setup? Drop your thoughts in the comments, and don’t forget to like and subscribe for more trading insights! See you in the next idea!" Disclaimer: This Idea is for educational and informational purposes only and does not constitute financial advice. Trading in financial markets carries significant risks, and it is important to conduct your own analysis before making any investment decisions. I am not responsible for any losses incurred from your trades. Always trade with proper risk management.
Long
by FXOnTop
#GBPJPY DAILYGBPJPY Daily Analysis The GBPJPY pair is approaching a significant resistance level on the daily chart, where selling pressure has historically emerged. This zone indicates a potential reversal area, providing an opportunity for a sell position if the price fails to break above the resistance. Technical Outlook: Pattern: Resistance Forecast: Bearish (Sell Opportunity) Entry Strategy: Enter a sell position if the price shows rejection at the resistance level. Traders should monitor for bearish signals such as reversal candlestick patterns (e.g., shooting star or bearish engulfing) or indicators like RSI reflecting overbought conditions. Proper risk management is essential, with stop-loss orders placed above the resistance level and targets set at nearby support zones.
Short
by PIPSFIGHTER
2
GBPJPY, possible outcomes?A quick outlook on GBPJPY . Potential opportunities. GBPJPY is currently trading at around 191.000 . We are looking at two possible outcomes on this pair. We are still in a downtrend on HTF (Higher Time Frames ). However if we start breaking above 191.500 we could see a reverse happening on the pair. Scenario 1: SELLS at the break of 190.400 . We broke 190.400. That would confirm sells and we could continue the downtrend and target previous lows sitting at around 188.000 flat. Scenario 2: BUYS at the break of 191.500 . We broke above 191.500 confirming the bullish flag we had on H1 and we could start reversing on GBPJPY . We would be targeting higher levels sitting at 192.500 and higher at 193.300 . Personal opition: The direction for now is unclear until we break our mentioned key levels. A safe sell trade could be taken at the break of 190.400. On the other hand a safe buy trade could be taken at the break of 191.500. We are more on the buy side at the time of writing this. Be patient and stay tuned for updates on this pair. KEY NOTES - GBPJPY is in a downtrend on HTF however it’s showing signs of a possible reverse. - Breaks above 191.500 would confirm buys. - Breaks below 190.400 would confirm the trend continuation and further sells. Happy trading! FxPocket
by FxPocket
#GBPJPY 4HGBPJPY 4-Hour Analysis The GBPJPY pair has recently broken above a key trendline on the 4-hour chart, indicating a shift in momentum to the upside. However, to confirm the breakout's validity, it is advisable to wait for the price to retest the trendline, which may now act as a support level, before entering a buy position. Technical Outlook: Pattern: Trendline Breakout Forecast: Bullish (Wait for Support Touch, Then Buy) Entry Strategy: Buy on a successful retest of the trendline, supported by bullish price action signals. Traders should watch for confirmation from bullish candlestick patterns, such as a bullish engulfing, or indicators like RSI and MACD showing upward momentum. Place stop-loss orders below the retested trendline to manage risk effectively. Target higher resistance levels for potential gains.
Long
by PIPSFIGHTER
GBPJPY Trendline Breakout , All eyes on BuyingHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
1
GBPJPY - Look for Continuation Short (SWING) 1:6.7!The market is clearly shifting, with bears taking control. We just need to wait for the price to reach the right zone for a continuation toward the nearest demand zone to secure profits. Let's see how the market reacts to this zone. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Short
by S-Fx_
gbpjpy next moveAs can be seen, a bear flag has also formed. The top of this flag corresponds to the filling of the FVG. In the short term, I expect a further decline to hit the monthly liquidity. After this, I anticipate an upward movement fueled by the momentum from the liquidity grab. At one of the potential liquidity points on the 4H timeframe, there will likely be a break of structure, hopefully forming a new FVG, allowing us to take a significant short position targeting 180,000, where another liquidity grab could occur.
Short
by iwan12g
18
GBPJPY is in the Down TrendHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
ICT Long Setup GBPJPY👋Hello Traders, Our 🖥️ AI system detected that there is an H4 or higher timeframe ICT Long setup in GBPJPY for session trade (a couple of days) Here is a session trade idea (since it is near support surface, we should use small lot size) Please refer to the details Stop loss, Buy Zone,open for take profit. Next Long entry after retracement in any session. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Long
by ICT_Trader_SB
1
GBPJPY is in the Down TrendHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
GBPJPY Trendline Breakout , All eyes on BuyingHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
#GBPJPY: UPDATED VIEW 24/10/2024 **GBPJPY UPDATED VIEW BASED ON PREVIOUS ANALYSIS** Dear Traders, I hope you are doing well. Based on our previous analysis of GBPJPY, we identified two potential selling opportunities within the market. However, the bullish sentiment in the DXY currency pair has had a significant impact on JPY, causing it to fall short of its full value within the daily timeframe. As of today, we have observed a potential exhaustion of DXY’s bullish momentum, with four-hour candles indicating a strong bearish pressure. This development presents an opportunity for JPY to rebound, potentially allowing us to secure substantial profits within the market. Now, let’s focus on the GBPJPY currency pair. The price has extended its bullish trend, although there is a possibility of a reversal from its current position. We recommend implementing appropriate stop-loss orders for any sell entries taken from the current market price. If the initial entry fails, we are confident that the price is likely to reverse from our second entry. Before making any decisions based on this analysis, it is essential to conduct your own research. This analysis is solely for educational purposes and should not be considered financial advice. We appreciate your feedback and support. If you find our work valuable, please consider liking and commenting on our ideas. Additionally, following us will provide us with encouragement and motivation. Best regards, Team SetupsFX_
Short
by Setupsfx_
19