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GBPJPY trade ideas

Lingrid | GBPJPY Potential UPWARD CHANNEL Breakout. ShortThe price perfectly fulfilled my last idea . It hit the TP level. The overall FX:GBPJPY price formed ABC movement, with the C point completed around the 196.000 level then boucned off. Recently, the price broke and closed below the 194.000 level, that has become a resistance zone. The market has since formed a daily inside bar pattern, and a breakout above or below Monday's high and low will likely determine the next move. Currently, the price is testing the lower boundary of a channel that coincides with the support level at 193.000. I think the price may form a range zone at this level before potentially continuing downward and breaking out of the upward channel. My goal is support zone at 192.200 Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
Short
by Lingrid
4
#GBPJPY: +250 Pips From Last Idea Expecting A Strong Bulls! The GBPJPY currency pair experienced a decline to the 190 area, which represents a discounted price range. Subsequently, the price reversed positively by approximately 250 pips. Our market analysis remains unchanged, and we anticipate that the price will continue to exert dominance. It is possible that the price may experience a correction or a downward movement, as we anticipate the release of strong economic data this week. This data is likely to influence the future trajectory of the currency pair. We encourage you to like and comment for further insights. Your support has been invaluable throughout our journey, and we sincerely hope that you achieve success in your own market endeavours. Team Setupsfx_ ❤️🚀
Long
by Setupsfx_
4
Why GBPJPY IS BULLISH ?? DETAILED TECHNICAL AND FUNDAMENTALS GBPJPY is currently trading at approximately 195.000, having achieved a substantial gain of over 300 pips. Technical analysis suggests that the pair is poised for further upward movement, with a target price of 199.000, indicating the potential for an additional 400 pips gain. This bullish momentum is supported by the pair's recent breakout from a consolidation phase, signaling strong buying interest. Fundamentally, the British pound has demonstrated resilience, bolstered by stable economic indicators and a proactive monetary policy stance from the Bank of England. Conversely, the Japanese yen has experienced depreciation, influenced by the Bank of Japan's commitment to maintaining ultra-loose monetary policies. This divergence in central bank policies has widened the interest rate differential between the two currencies, favoring a stronger pound against the yen. Technical indicators further reinforce the bullish outlook for GBP/JPY. The pair has been trading above key moving averages, with oscillators indicating strong upward momentum. The recent breakout above the 193.000 resistance level has opened the path toward the 199.000 target. Additionally, the Relative Strength Index (RSI) remains in bullish territory, suggesting that the current uptrend has room to continue Traders should monitor key resistance levels closely, as a sustained move above 195.000 could confirm the continuation of the bullish trend toward 199.000. Implementing robust risk management strategies, such as setting appropriate stop-loss orders, is essential to navigate potential market volatility. Staying informed about upcoming economic data releases and central bank communications will also be crucial in effectively capitalizing on this trading opportunity.
Long
by AndrewsMarket-Mastery
3
GBP/JPY - Market Breakdown/Trade IdeaHi all, Here we are currently making Higher Highs in the higher TF. We can also see the price is actually consolidating in the Higher TF-In a wedge pattern. We are still looking for buy positions and currently price is in a pullback stage so we will be looking for an entry around this smaller tf Demand zone 4H - Is displaying a slowing momentum of price from sellers. Looking at this Demand zone I will be waiting for buyers to step in to make a change of character before Buying Looking to break this Internal Protected High for me to then look for my Lower TF Entry model Good luck to anyone that follows this trade Idea
Long
by jamesibartram
GBPJPY Is Going Down! Short! Take a look at our analysis for GBPJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 193.030. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 192.202 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
GBPJPY H4 | Bearish Reversal Based on the H4 chart, the price is rising toward our sell entry level at 194.70, a pullback resistance that aligns with the 61.8% Fibonacci retracement. Our take profit is set at 193.08, a pullback support. The stop loss is set at 196.03, a swing high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM