GBPJPY IDEA SHORT POSITION gbpjpy dea short position Pair : GBPJPY Position : SHORT ( SELL ) Entry 1 : 202.950 STOP LOSS @ 203.250 TP 1 @ 202.650 TP 2 @ 202.350 TP 3 @ 202.050 ( Trailing SL ) Shortby hamidTrader21Updated 4
GBPJPY: A Big Buy Is Coming Up, Worth 1200+ Pips! §§Our Last idea on. GBPJPY did not work out as we had planned, however, we still expect price to go beyond 209 region and create a record higher high. This correction is a great sign as this will create more of more buyers coming in the market. Good Luck. Longby Setupsfx_111145
GBPJPYplan followed large engulfing 30min/1hr candle confirmations on indictors divergence tread-line broken strangely was asleep for 4 hours then woke up randomly, so the move, took it without hesitation, happy with entry and even more happy with my SL at 11 pips move Sl to entry once 20 pips in profit then let it ride to perviously support, break it and continue down, placing new SL above resistance Shortby cassiuskemeticUpdated 5
GBPJPY ( BREAKOUT DEMAND ZONE ) ( 4H )GBPJPY HELLO TRADERS Tendency , the price is under bearish pressure until trade below turning level . TURNING LEVEL : the price of turning level around 203.463 , indicates the price trade below this level reach a support level , but if trading this level reach a resistance level . RESISTANCE LEVEL (1) : around 205.601 , for reach this level will be breaking turning level . RESISTANCE LEVEL (2) : around 207.938 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) SUPPORT LEVEL (1) : support level at 201.362 , for reach this level will be trading or stabilizing below turning level . SUPPORT LEVEL (2) : support level at 199.532 , for reach this level will be breaking by open 4h candle below support level (1) . CORRECTIVE LEVEL : the price retest before dropping at 203.463 . TARGET LEVEL : RESISTANCE LEVEL : 205.601 , 207.938 . SUPPORT LEVEL : 201.362 , 199.532 . Shortby ArinaKarayiUpdated 8
GBPJPY FOREX PAIR 15M TIME FRAME DATE 7/232024Currently monitoring GBP/JPY for potential bullish setup conditions. The current setup appears promising, as we observe the conclusion of the WXY correction phase, which could serve as a pivot point. Once we confirm the WXY pattern, we can anticipate potential new highs. However, there are critical details yet to be clarified, making this setup inherently risky until internal impulses are evident. Currently, we are in the midst of developing leg Y following leg C. If we observe strength entering the market, it may signal a buying opportunity. I will provide updates once an opportunity becomes evident. Longby spacedevil3
I been called it!201.7 as called yesterday you might wanna follow me I may or may not have a 80+% win rateShortby PipSniperJ2
GBPJPYIm looking to this structure . Plan for bullish for final impulse. Trade carefully.Longby ewtradersbhUpdated 19
GBPJPY holding the 61.8Intraday Update: The GBPJPY has reached the 61.8% retracement at 201.32, intraday RSI's are divergent which may suggest a bounce near term, but expect sellers to be above the 202.00 level. by ForexAnalytixPipczar0
GBPJPY Will Go Lower! Sell! Please, check our technical outlook for GBPJPY. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 202.665. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 201.362 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 113
GBPJPY Analysis Today : Trend following strategyHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.Short04:05by ForexWizard013
GBPJPY FOREX PAIR 55M TIME FRAME DATE 7/23/2024Currently monitoring GBP/JPY for potential bullish setup conditions. The current setup appears promising, as we observe the conclusion of the WXY correction phase, which could serve as a pivot point. Once we confirm the WXY pattern, we can anticipate potential new highs. However, there are critical details yet to be clarified, making this setup inherently risky until internal impulses are evident. Currently, we are in the midst of developing leg Y following leg C. If we observe strength entering the market, it may signal a buying opportunity. I will provide updates once an opportunity becomes evident.Longby spacedevil2
GBPJPY - CHANGE OF CHARACTERHi Traders ! The GBPJPY failed to create a new higher high ! At the moment, The price broke the last higher low (ChoCh). So, I expect a bearish move📉 ____________ TARGET: 201.625🎯Shortby Hsan_BenhmedUpdated 7718
GBPJPY Local Support and Prior Day Low BreakoutGBPJPY Local Support and Prior Day Low Breakout 1. 2% Risk - 2 x 1% 2. 1 TP: 201,000 and 2 TP 200,000 3. After first TP moving SL to Break-even 4. Making the system more simple with clear rules.Shortby Marteyfx1
gbpjpy sell tradeTrend Analysis: The overall trend on the H4 chart shows a bearish momentum. The price has been making lower highs and lower lows, indicating a downtrend. Moving Averages: The 50-period and 200-period moving averages are above the current price, which is a bearish signal. The price is also below the 20-period moving average, reinforcing the bearish sentiment. Support and Resistance Levels: Resistance: The nearest resistance level is around 203.50, which aligns with the previous swing high. Support: The immediate support level is at 201.50, which is a recent swing low. A break below this level could lead to further declines. Fibonacci Retracement: The price is currently hovering around the 38.2% Fibonacci retracement level from the recent high to low. A break below this level could see the price targeting the 50% and 61.8% retracement levels, which are around 200.50 and 199.50, respectively. Technical Indicators: RSI: The Relative Strength Index (RSI) is below 50, indicating bearish momentum. MACD: The MACD line is below the signal line, and both are below the zero line, which is a bearish signal. Stochastic Oscillator: The Stochastic Oscillator is in the oversold territory, suggesting that there might be a short-term pullback before the downtrend continues. Chart Patterns: There is a potential bearish flag pattern forming, which could indicate a continuation of the downtrend if the price breaks below the flag’s lower boundary. Volume Analysis: The volume has been decreasing during the recent upward corrections, suggesting that the bullish moves are weak and the bears are likely to regain control. In summary, the GBP/JPY pair on the H4 chart shows several bearish signals, including a downtrend, bearish moving averages, and bearish technical indicators. Traders should watch for a break below the support levels and the continuation of the bearish patterns for potential short opportunities. Shortby Mansa_Musa_Capital2
As mentioned earlier….As mention earlier, our trend line and 30 minute level were respected on the way down can see tp hitting over night Shortby PipSniperJ2
GBPJPY buy with tp in level pinkThe British Pound market has been all over the place during the trading week, largely due to the Bank of Japan's intervention in the currency markets. After all, the Japanese Yen had been taking a beating from most currencies, including the British Pound. That said, this market remains very bullish, and holding onto the pair continues to be rewarding. For this reason, I am a buyer on dips and continue to hold the GBP/JPY currency pair.by JoelFinancial332
GJLarge engulfing candle 30 minute candle plan followed confirmations pull back to trend-line / EMA - lost first trade, wicked out. re enter, break even and into profit 3 trade Uk morning open - i believe its possible i get wicked on this trade, but im protected regardless , lets see single lot Sl set Tp set Longby cassiuskemeticUpdated 0
GBPJPY FOREX PAIR 1H TIME FRAME DATE 7/22/2024On July 11th, we observed a swing point in GBP/JPY influenced by the CPI economic data release. The positive data for the Yen caused weakness in the Pound against the Yen. Despite this, the current order flow continues to exhibit a bullish trend. Over the past two weeks, we have been navigating through an absorption phase of the WXY correction for leg 4. On July 17th, we entered an accumulation phase indicating a gradual reversal, supported by resistance levels in the current order flow. Based on my analysis, it appears that the correction has concluded, with the recent 1-hour low potentially marking a significant swing point for the upcoming leg 5. This setup suggests a scenario with substantial upside potential for this week, aiming to surpass last week's high. Key economic events such as the PMI release scheduled for Wednesday further reinforce this technical confluence. Additionally, current sentiment and Commitment of Traders (COT) data indicate a favorable outlook for buying GBP/JPY. Nevertheless, it's crucial to always manage risk prudently. While we maintain a long-term perspective, the current conditions present a promising opportunity for the quarter.Longby spacedevil0
GBPJPY SELL NOW!!!!!!!!GBPJPY completed over 300pips from my first entry and price have been making new lows and retest from the fvg now again we got a retest from fvg am looking forward for a sell off from this zone to a new lows.......... JOIN AND ENJOY Tell us your views.........Shortby CAPTAINFX23
long GJ/xau new postim looking to enter a trade after the news, if news is bad for USA, i reckon JPY will buy GJ again at least to middle high, or next higher zone above. Lets see the news in 6hrs timeLongby FormedzeusUpdated 225
GBPJPYGBP/JPY is displaying a bullish trend on the 4-hour timeframe, following an ascending trendline and forming an Elliott Wave 12345 pattern. Entry is recommended when the price touches the ascending trendline and completes the 4th wave. Wait for a bullish rejection at a key level to confirm the entry. Monitor the price action closely to ensure the trendline and wave pattern remain intact for a successful trade.Longby forex_info2
Gbpjpy continuing sellsLight pullback but certainly we’ve had our bearish transition on HTF and MTF and LTF is now supporting it so we hold and keep riding to 201.7-.8 areaShortby PipSniperJ339
GJ weekly mark up 7/22GJ is in a downward trend on all time frames. I feel we will see this trendy decline until mid week when PMI hits. That’s when we will see some serious movement in either direction. I have set up for some small moves that kick off today. GJ opened a little above market but dropped below once she came out of consolidation. I think that she will continue down until news. But you can put in both or just take the sell. SL is conservative with 40+ pips. Please follow your trading plan and use proper risk management feel free to change your SL ;) good luck! Have an amazing week. Shortby Just_that_Chic0