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Gbpjpylong

GBPJPY → Trade Analysis | SELL SetupGBPJPY s moving to the upper boundary of the ascending channel. The volatility of the movement has decreased. The price has reached the resistance level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
8
GBP/JPY on the Rise: Key Levels to Watch!The USD/JPY hit a 10-week high on the 10th, driven by market confidence that the Fed will be cautious with rate cuts. The resilient U.S. economy is boosting the dollar, while rising U.S. bond yields could push the yen toward 150. On Thursday, the dollar briefly touched 149.54 JPY, the highest since August, before slipping 0.18%. Strong U.S. job data reduced expectations for Fed rate cuts, in contrast to Japan’s dovish tone, as new PM Shigeru Ishiba and BOJ officials dampened hopes for an October rate hike, weakening the yen. Two key factors to watch: the Fed’s rate decisions and Japan’s parliamentary elections on the 27th. If Ishiba doesn't secure a strong victory, internal party challenges could affect BOJ policy. Forecasted GBP/JPY levels (based on Fib Channel method): 194.689 197.821 201.695 207.958 Wishing you success in your trades!
Long
by fortunepivot
GBPJPYSince we got many questions regarding GBPJPY here is our overall view on it. GBPJPY has been struggling to break an important KL (Key Level) 195.971 . As of now we are trading below that KL. Breaking above it would give us a nice opportunity to enter in buys . However , if we continue to trade below 195.971 , and failing to break it, we could see more downside on the pair. Breaking below 193.990 and 193.290 would give us a nice opportunity to sell , possibly all the way down to the bottom of the range where our PBA 1 is sitting at roughly around 190.000 . As of now there is no clear indication for buys or sells. Be patient and remember, sometimes the best trade is no trade at all. We will be patiently waiting on breaks of our mentioned levels and we will post an update accordingly. KEY NOTES - GBPJPY is trading below an important KL. - Break below 193.990 and 193.290 would confirm sells. - Break above KL (195.971) would result in higher highs and confirm buys. - No trade opportunity now, breaks should be waited on. We would also like to take this chance to thank all of you for your support! Happy trading! FxPocket
by FxPocket
Don't miss the great SEE Opportunity in GBPJPYCurrent Market Structure: The price is moving upwards in a clear uptrend. After a recent pullback, it seems to be heading towards a support level near the 192.450 area, marked by the blue line. Trade Setup: Support Zone: The grey-shaded area below the blue line indicates a potential support or demand zone, where buyers are expected to step in, between 191.550 and 192.450. Long Entry: The chart suggests waiting for the price to dip into this support zone before entering a long position. Target Zone: The green shaded area above indicates the profit target of around 195.950. Bullish Outlook: The expectation here is that after testing the support zone, GBP/JPY will reverse upwards toward the target at 195.950, indicating a bullish continuation after a minor retracement. This setup presents a buying opportunity around the support area (191.550–192.450), with a clear target near 195.950, aligning with the uptrend.
Long
by forexcitysignal
GBPJPY - Look for Continuation Long (SWING) 1:6!GBPJPY has rebounded from the HTF support level, breaking the trendline in alignment with a bullish market structure, indicating strong buying activity. There's currently no sign of reversal. On the HTF, a solid double bottom has formed, suggesting market sentiment may push the price higher. This is further supported by the recent BOJ decision, showing no urgency to raise interest rates, reinforcing the bullish momentum. 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!
Long
by S-Fx_
GBPJPY Technical Analysis and Trade Idea👀 👉 GBPJPY has recently broken market structure to the upside, indicating a potential bullish opportunity. This breakout is clearly visible on both the daily and 4-hour timeframes, signaling the possibility of a developing buy setup. In this video, we’ll dive into the market structure, analyze price action, and focus on the prevailing trend. Additionally, we’ll outline a potential trade setup, conditional on price action confirming our projected scenario. Disclaimer: This material is for educational purposes only and does not constitute financial advice. 📊✅
Long
by tradingwithanthony
2
GBP/JPY Technical Analysis - Rising Channel and Fibonacci LevelsI'm tracking GBP/JPY on the 1-hour chart . The pair has been trading within a well-defined ascending channel and is approaching key resistance levels. I’ve plotted Fibonacci levels to watch for potential corrections. Price is hovering around the 61.8% retracement , which is often a significant support zone. Price continues to respect the upward trendline, which reinforces the bullish momentum as long as it holds. The next level of interest is around 193.00 , aligning with channel resistance and key horizontal levels. If the price breaks above this area, it could head higher toward 194.50 . If the price breaks below the trendline, I’ll be looking at the 50% Fibonacci level as a possible next support at 190.00 . Overall, I'm bullish for now, but cautious of a potential retracement if the price fails to break out of the channel.
Long
by War_Z-one