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GBP/JPY (OANDA EU Clients)

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GBPJPY.PRO.OTMS trade ideas

GBPJPY Confirmed long-term buy opportunity.The GBPJPY pair has recovered the late July sell-off and inserted again back within the 2-year Channel Up and even closed the last 2 weeks above the 1W MA50 (blue trend-line). The latter technically confirmed the bottom and the start of the new Bullish Leg. The first Bullish Leg of the Channel Up reached the 2.0 Fibonacci extension, the second aimed even higher, so our 218.00 Target towards the peak of the Sine Wave appears to technically be a modest long-term Target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
GBPJPY Updated Hello traders, In this idea, I'm sharing my analysis and position on GBPJPY. Weekly Chart: I've drawn a Fibonacci channel, and the price has recently bounced off the 38.2% level. I anticipate that the price will retest the middle line of the uptrend channel, around the 193 to 195 range. Daily Chart: I've identified a bearish cup & handle pattern and set the corresponding targets. However, I'm waiting for confirmation with a break below the support at 183.6 before taking further action. Feel free to share your thoughts and insights!
by Eymen-GUVEN
GBP/JPY Short-Term Bullish OpportunityThe GBP/JPY pair is showing signs of a potential short-term bullish move from the 189.800 level, as observed on the 1-hour chart. The formation of an ascending triangle pattern indicates a possible breakout, with strong resistance identified at the 192.000 level. The target for this bullish trade is set at 190.970, aligning with the 0.168 Fibonacci retracement level. A stop-loss is recommended at 189.514, which is positioned just below the current lower low, offering a prudent exit point should the trade move against expectations. Disclaimer: This analysis is for educational purposes only and is not intended as financial advice. Please ensure you do your own research before trading in any real account.
Long
by ClearTradingMind
2
GJ upside continuationGJ Plan - This pair have potential to go to 192.02 to make a triple bottom or even to make a new high on 192.20 liquidity area. Perform your own analysis and risk management first, then consult my plans to identify the best trading zones, the best levels to buy or to sell. Learning from others is important, but copying them won't make you a professional. Developing your own strategy and critical analysis skills is crucial for long-term success. Always trust your judgment and focus on continuous learning to improve your skills. Your trading is your responsibility. Choose a good risk management.
Long
by miketiger
GBP/JPY Possible Correction Up#trading_idea #GBPJPY 💡 #GBPJPY - Possible Correction Upwards On the hourly chart, we can see the price testing the key level of 189.333. There is a candlestick formation indicating a possible correction upward. The MACD suggests potential growth, even though the pair is trading below the MA(100). Possible scenarios: 🔼If the prise break through 189.933 resistance we may see the rise towards 190.957. 🔽Otherwise, a slide towards 189.518 and lower support zone is possible. 😎 🔖 Click "👍" if you think the price will rise and "👎" if you think it will slide back. ➡️GET $20,000 JUST FOR $99
Long
by sabiotrade
Break or Bounce On The Dollar As Interest Rate Cut Looms?With the Fed poised to cut rates at September's meeting, the dollar hovers at the key 100 key monthly level which, on a normal occasion, would serve as a clear support but after such a long awaited rate cut, which would devalue the dollar even further, one cannot be so sure. Technically, there are no real indicators of price shifting structure to the upside as yet but with price in a Daily bullish order block, monitoring its development over the course of this week will be key. EurUsd & UsdZar are not in ideal trading conditions and so will not be on my radar this week unless price action develops further. GbpJpy however continues to trade higher from a Weekly order block and is currently encountering resistance from a 4H order block which may result in a slight correction before we continue higher into Daily equilibrium.
Long
by The_Modern_Day_Trader
GBPJPY trade idea (sell- CCI AND EMA set up) GBPJPY showed a minor weakness after forming a double top around 192. It hit a low of 189.61 and is currently trading around 189.99. The Japanese yen gained momentum on Friday due to policy divergence between the Fed and BOJ. Technicals- The pair trades below 34- and 55 EMA in the hourly chart. The near-term resistance is around 192, a breach above targets 193.55/195. The immediate support is at 189.60, any violation below will drag the pair to 188.40/188. Indicator (hourly chart) CCI (14)- Bearish CCI (50)- Bearish Average directional movement Index - bearish. All indicators confirm the bearish trend. So good to go short for 100 pips profit. It is good to sell on rallies around 190.1-20 with SL around 190.76 for a TP of 188.40/188.
Short
by FxWirePro