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British Pound / Japanese Yen

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GBPJPY trade ideas

GBPJPY Set To Fall! SELL! My dear subscribers, GBPJPY looks like it will make a good move, and here are the details: The market is trading on 198.39 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 195.23 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
3
GBP/JPY ShortAs of December 28, 2024, the GBP/JPY currency pair is exhibiting a bullish trend, with the current exchange rate around 198.56 JPY per GBP. Support and Resistance Levels: Support: Key levels identified at 197.80 and 195.85, providing potential price floors in case of a downturn. Resistance: Observed at 199.79 and 203.58, which may act as barriers to further price increases. Technical Indicators: Moving Averages (MAs): Short-Term (MA5, MA10): Indicate a 'Buy' signal, suggesting upward momentum in the immediate term. Medium to Long-Term (MA50, MA100, MA200): Show 'Sell' signals, reflecting previous bearish trends. Relative Strength Index (RSI): At 62.48, indicating moderate bullish momentum without entering overbought territory. Moving Average Convergence Divergence (MACD): Positive at 0.3796, suggesting potential for continued upward movement. Market Sentiment: Analyses suggest a 'Strong Buy' signal, reflecting positive market sentiment towards GBP/JPY. Would be a Great Opportunity to get the BUY Phase on the way up but I'm looking for the sell Phase opportunity on the way down because its a more comfortable play and yields a better opportunity for me. After the Bulls ease off from buying. Historically January usually is always a Slow month in Great Britain so this will give buyers Yen a bit more purchasing / buying power. Remember its not how it moves but when. Will be setting Price Alerts for this closer to the time. Patience in the market. Let it Come to You!
Short
by Millionairo
GBP/JPY Bullish Breakout: Ready for Strong Upside📢 GBP/JPY Bullish Outlook 🚀 🔹 Trade Details: Take Profit: 207.809 Stop Loss: 193.969 📈 Why This Trade? ✅ Strong UK Economic Data: Positive UK economic news is supporting GBP strength. ✅ JPY Weakness: The Bank of Japan’s dovish stance continues to put pressure on the Yen. ✅ Technical Breakout: GBP/JPY has broken key resistance levels, suggesting further upside potential. ✅ Bullish Indicators: MACD bullish crossover and higher lows indicate a strong uptrend. 📊 Analysis Summary: With GBP strength and JPY weakness in play, GBP/JPY is positioned for substantial upside. The pair has cleared major resistance, and technical indicators suggest a continuation of the bullish trend.
Long
by ValchevFinance
GBPJPYThe point marked "C" seems to represent the lowest point within a symmetrical triangle pattern. This indicates price consolidation between the support and resistance lines. Currently, the price has broken above the lower boundary of the triangle and appears to be moving upwards. This could signal a breakout to the upside, especially if it’s a confirmed breakout with strong volume. Possible Outcomes for "C": If the price pulls back (retest): The price might return to the support line (which was previously resistance) to test it again. This is often referred to as a "retest" before continuing higher. If the upward movement continues: If the breakout is confirmed, the price could move toward the upper resistance line (the pink line sloping downward). Recommendation: Watch for a small pullback where the price tests the breakout line (now acting as new support). If it holds there, it could indicate further upward movement. Pay close attention to the 200.00 level, as it seems like a significant technical resistance level where price action could face challenges
Long
by professionalgoldtrader
GBPJPY // countertrend breakThere is a valid bull trend on the monthly and below. The trigger level is the daily breakdown, which is in line with the break of the countertrend line. If it's taken back by the buyers, the market enters in the daily long expansion phase, and the daily target fibo 138.2 in line with the next daily breakdown is my target zone. ——— We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds. Stay grounded, stay present. 🏄🏼‍♂️ Your comments and support are appreciated! 👊🏼
Long
by TheMarketFlow
GBPJPY NEXT MOVE (expecting a bullish move)(18-12-2024)Go through the analysis carefully, and do trade accordingly. Anup Bias (Mid term) Current price- 194.800 "if Price stay above 193.900 then next target is 195.800 and 198.000 and below that 192.00. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.
by AnupZiddi
5
GBPJPY The GBP/JPY pair tells the trader how many Japanese Yen (the quote currency) are needed to purchase one British Dollar (the base currency). It is known to be a “carry currency cross”, that is a cross which is a vehicle for carry trading, a strategy that consists in buying a high yielding currency and funding it with a low yielding currency, similar to the adage "buy low, sell highThe GBP/JPY pair tells the trader how many Japanese Yen (the quote currency) are needed to purchase one British Pound (the base currency). It is known to be a “carry currency cross”, that is a cross which is a vehicle for carry trading (one of today's most popular trading strategies). A carry trade happens when a person sells or borrows an asset with a low-interest rate in order to purchase another asset with a higher interest rate, looking to profit from the underlying interest rate difference. This strategy is heavily used in the foreign exchange market
Short
by KingForex078
Bearish Anticipation for GBP/JPY: Key Levels and Technical AnalyGBP/JPY is currently trading at 197.952, showing signs of bearish momentum. The pair has been struggling to maintain higher levels, with selling pressure dominating near psychological resistance levels. Based on technical indicators and market structure, we anticipate a potential decline to 197.033, with a further downside risk to 196.170 if key support levels fail. Scenarios and Trading Plan Scenario 1: Targeting 197.033 If GBP/JPY sustains bearish momentum and breaks below the 197.800 intraday support, we anticipate a move to 197.033, which coincides with the 61.8% Fibonacci retracement. Confirmation Signal: Look for a bearish breakout candle on the H1 timeframe with volume spike or bearish continuation patterns such as a descending triangle. Scenario 2: Further Downside to 196.170 If the price breaches 197.033, sellers may push GBP/JPY further to 196.170. This level is significant due to its alignment with the 78.6% Fibonacci retracement and prior support from November price action. Confirmation Signal: A breakdown with a retest of 197.033 as resistance would provide stronger confirmation for this extended bearish move. Risk Factors to Watch Fundamental News: Any positive developments related to the Bank of England's monetary policy or risk-on sentiment in the market may reverse the bearish momentum. JPY Sentiment: Yen tends to strengthen during risk-off periods. If global risk sentiment shifts, GBP/JPY could see increased bearish pressure. Key Resistance Levels: If GBP/JPY retraces back above 198.000, it could invalidate the bearish setup. The technical landscape for GBP/JPY supports a bearish outlook, with the pair likely to test 197.033 and possibly extend losses to 196.170. Traders should monitor the key support levels and bearish confirmation signals, while being mindful of any unexpected market catalysts that could alter the sentiment.
Short
by AndyFrenzy
1
GBPJPY LONG SHOTGBPJPY is moving in an UP trend channel, is trading along the rising support And as the pair will soon retest it I am expecting the price to go up To retest the supply levels above at The chart broke through the dynamic support, which now acts ... We expect a decline in the channel after testing the current level. Great BUY opportunity GBPJPY Traders, if you liked this idea or if you have your own opinion about it, write in the comments I will be glad Thank You
Long
by Zaks_ForexRules
3