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GBPJPY trade ideas

Trade Recap: USDJPY - LONG, 10/10/2024UJ Bias Analysis: After being stopped out at BE on the existing position, price protracted lower prior to NY session and into 1H range EPD (Both minor & major) and mitigated a 15M OB which aligned with a retest of the previous day's true open. Long positions as a re-entry were executed after entry confirmation was received. Grade: High Quality Valid What I did well or could've done better: - I was perhaps too optimistic with my take profit level and should've set TP at the 4H EQH's on the original position. - I was able to spot the long opportunity shortly after being stopped out and while I was fearful of the outcome at execution, I followed the plan and placed the trade.
Long
by The_Modern_Day_Trader
GBPJPY Sell Trade Activated Oct 10 2024Supply Zone introduced since October 4 2024: this is just a continuation of analysis in gbpjpy using daily supply, 4h supply and 1H supply. Sell limit was activated during Asian session. Aiming for 4:1RR. This was a product of multi-timeframe analysis including lower timeframes. Always looking for validity and not market execution trading. Intraday may look liked difficult but getting used to charts within 600hrs of discipline will give you an EDGE. #supplyanddemand #proprietarytrader.
Short
by glyrad
GBPJPY Will Grow! Long! Take a look at our analysis for GBPJPY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 194.626. The above observations make me that the market will inevitably achieve 198.717 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!
Long
by SignalProvider
1
GBPJPY Heading to the Channel's Top. Sell alert.The GBPJPY pair has been trading within a Channel Up pattern since the August 05 bottom. The price is above both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) and has already made a Higher High on September 27, which was immediately sold by the market. Based on the previous peak formation of the Channel Up though, we could see a Double Top Higher High rejection in the coming days like the one on September 02. The 1D RSI made a Higher High also before the start of the September Bearish Leg, and right now it hasn't done so. As a result, we will wait for a short opportunity a little higher and then target the 0.618 Fibonacci retracement level (like the September 11 Low) at 188.800. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
GBPJPY BUY TRADE Oct 8 2024This trade comes to fruition after checking for manipulation of lows using 4H-1H-30min-15min. Allowing me to activate the said pending order -Buy limit during London session (metatrader 4 platform) . I marked that demand because using the order flow, I can see enough evidence to go long. Risking 0.5% of the capital. Every trade that I initiate comes from the basic idea of supply and demand. (please check the attached charts for a detailed structure of entry and exit points) Always be patient and look for proof before you put pending order.
Long
by glyrad
2
GBPJPY View!!"I don't think there is a major skew to FX or bond positioning going into NFP. Both USD bulls and USD bears continue to dabble tentatively, and then get rinsed. Over and over," said Donnelly, president at Spectra Markets and a veteran FX trader. "With big picture carry momentum halted by the MXN move, and yields already softening substantially this week, the downside in CADJPY and USDJPY on a weak release are most interesting. CADJPY looks 200 points too high to me," he added.
Long
by FXBANkthe8055
WHATS FLOWING: WTI | GOLD |CADJPYIn today’s episode of What’s Flowing, we are looking at key market movers across commodities and currency pairs: WTI (Crude Oil), Gold (XAUUSD), and CADJPY. WTI (Crude Oil) Market Dynamics: WTI is experiencing bullish pressure, driven by tightening global supply and geopolitical tensions. Recent reports indicate that OPEC+ is committed to maintaining production cuts, while unexpected disruptions in the Middle East are pushing oil prices higher. With the global economy teetering between recovery and stagnation, oil remains a critical gauge of risk sentiment. Trade Insight: For traders, WTI could be a strong buy if support levels hold above $85 per barrel. Keep an eye on upcoming inventory reports and any OPEC+ policy changes, which could push prices further. Gold (XAUUSD) Current Sentiment: Gold has been holding steady amidst inflation concerns and mixed signals from central banks. While traditionally a safe-haven asset, recent fluctuations in the dollar and bond yields have kept the metal in check. Trade Strategy: Gold is currently range-bound between key support and resistance levels. For traders, a breakout above $1950 could signal a potential long trade, while a dip below $1920 may warrant short positioning. With inflation data coming soon, volatility is expected in the short term. CADJPY Currency Overview: The CADJPY pair continues its bullish run, supported by strong oil prices (benefiting the Canadian dollar) and a weaker yen, as the Bank of Japan maintains its dovish monetary stance. With Japan reluctant to raise rates, the yen is under pressure, while CAD benefits from rising energy prices. Outlook: If oil remains elevated, CADJPY could continue its upward trajectory. Traders may look to capitalize on potential pullbacks for entry points, but the general direction remains bullish as long as the oil market supports CAD strength. Tune in for the full analysis and actionable insights in today’s episode of What’s Flowing! Whether you're trading commodities or currency pairs, this episode has you covered with key opportunities in the markets.
by moneymagnateash
GBP/JPY Maintains Bullish Momentum: Eyeing Long-Term GainsThe GBP/JPY pair continues to show bullish potential, despite its neutral correlation with GBP/USD. While both pairs involve the British Pound, their price movements are not strongly linked, allowing them to behave differently even under similar macroeconomic influences. As highlighted in our previous analysis (see link below), the GBP/JPY had a promising chance to grow, and the pair has now reached the 190.000 area, where we opened a long position. Current Strategy: Targeting 197.200 Our initial target for this long position is set around 197.200, a critical resistance area. In our last forecast, we moved the Stop Loss (SL) to breakeven, ensuring that any adverse price movement will not result in losses. This update reaffirms the likelihood of a long continuation for the GBP/JPY pair, with potential for further gains if the market remains supportive following today’s FOMC Minutes. Possible Scenario: Partial Profit Taking and Next Supply Zone If the price hits the take profit level after the release of the FOMC Minutes, we may consider closing 50% of the position to lock in some gains, allowing the remaining portion to run toward the next supply zone around 202.000. This strategy balances profit-taking with the potential for additional upside movement. Conclusion: Bullish Outlook Intact The GBP/JPY continues to align with our forecast, and we are watching for a potential long continuation as the pair approaches key technical levels. With the next supply zone around 202.000, there is room for the pair to extend its rally. We remain optimistic and will manage the trade accordingly, with a focus on maximizing gains while protecting the position. Looking for further long continuation. Forecast N.1 Forecast N.2 Both in Profit. ✅ Please share your thoughts about GBPJPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1