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Gbpjpyforecast

GBP/JPY may reach 195-196 from where it can reverseHello traders, GBP/JPY's uptrend shows no signs of slowing down. As we had predicted in the previous idea, price has broken through the 191 level and currently it has crossed 193 as well. The uptrend is being fueled by the ultra-low interest rates in Japan which is weighing negatively on the JPY. That being said, there is a key level at 195.50-196 zone which could offer resistance. Keep in mind that a vast majority of retail traders as shorting GBP/JPY which means price can continue to move up as the market usually moves opposite to what the retail does. We have not taken any short positions in GJ. We are waiting to see whether price reaches the 195.50 level. In case of bearish price action, we will sell GBPJPY@195.50-196 with Stop loss above 197 and TP at 190, 185.
by KaltoireCapital
14
#GBPJPY: Yesterday's idea 200+ pips up| Here is second entry | OANDA:GBPJPY yesterday's idea did the exact same thing as had expected right now the pair is up 200+ PIPS, we are anticipating a small correction in the price, where we think price will bounce back strongly. Wait for price to approach our level and then enter a buy entry accordingly. Remember to use proper risk management and take this idea as bias only. If you do not agree then do not take. Good luck and trade safe.
Long
by Setupsfx_
19
GBPJPY I Bearish divergence and overbought I It will rebalanceWelcome back! Let me know your thoughts in the comments! ** GBPJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
12
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 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 I Forecast and Yen Fundamental Analysis Welcome back! Let me know your thoughts in the comments! ** GBPJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
1