Get started

British Pound / Japanese Yen

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

GBPJPY trade ideas

GBPJPY Long Analysis 26/01/2025This is my analysis for GBPJPY, just an idea and not a signal. I strongly believe that price will move up to where the imbalance is and will fill it, you can take TP below the imb area at the supply area drawn out. At the supply area, there's a lil bit of a bearish orderflow going on so my POI will be the supply area. For entry, I picked the FVG which is on the 1-hour timeframe, you just gotta play it safe for the entry if you're taking a GBPJPY trade. Now it'll either go one way... As soon as the market opens it's either just going to carry on straight to the supply area or will pullback as soon as it takes out a buyside liquidity or something like that.
Long
by abzilla
GBPJPY Weekly Forecast: BUY IT!This forecast is for the upcoming week, Jan 27 - 31st. GBP is been outperforming the JPY since the Covid lows of 2020, including last week. I think this will continue into next week, despite the BOJ raising the interest last week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
by RT_Money
3
weekly outlook idea. readlooking to the left of the chart you can see a similar pattern emerging on the weekly time frame. signal then gap/wickfill. can use this to possibly look for entries in the market. will break down to smaller time frame This Analysis Can Change At Anytime Without Notice And It Is Only For educational Purpose to Traders To Make Independent Investments Decisions. Disclaimer The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView
by kF_pippinright
GBPJPY am currently monitoring GBPJPY, as I believe the pair is poised for a bullish trend reversal. After observing recent price action, it seems that GBPJPY has reached a critical support level at 191.300, which has historically acted as a significant zone for potential price bounces. Given the strong market dynamics, I expect that this level will hold, setting the stage for a possible upward reversal. Looking ahead, my target for this potential bullish move is around the 194.700 level. This price target aligns with key resistance zones and recent market structure, suggesting that if the bullish reversal materializes, GBPJPY could make its way towards this area. Key factors I’m considering for this outlook include: Support at 191.300: This level has provided a solid base for the pair, and any break above this zone could signal further strength. Bullish Momentum: Indicators are beginning to show signs of upward momentum, which aligns with my expectation of a trend reversal. Market Sentiment: I’m closely watching overall market sentiment, especially as it pertains to GBP and JPY fundamentals, which could play a role in fueling the upside potential. I will be watching for confirmation of the reversal in price action, and I’ll look for higher highs and higher lows as the trend shifts. If the price begins to break key resistance points along the way, this will further validate the upward move toward 194.700. As always, risk management is key, and I will be watching for any signs of invalidation below 191.300, which could suggest a reassessment of the trade. Stay tuned for updates, and good luck to all traders!
Long
by The_fx_GreyTrader
Let's talk about the MACD components, signals and strategies The Moving Average Convergence Divergence (MACD) is a powerful technical indicator widely used in crypto trading to identify trends, momentum shifts, and potential entry or exit points. Here's how to effectively use MACD in your crypto trading strategy: Understanding MACD Components The MACD consists of three main elements: MACD Line: Calculated by subtracting the 5-period Exponential Moving Average (EMA) from the 20-period EMA Signal Line: A 9-period EMA of the MACD line Histogram: Represents the difference between the MACD line and the signal line Key MACD Trading Signals Signal Line Crossovers Buy Signal: When the MACD line crosses above the signal line Sell Signal: When the MACD line crosses below the signal line. Zero Line Crossovers Bullish Signal: MACD crosses above the zero line Bearish Signal: MACD crosses below the zero line Divergences Bullish Divergence: Price makes lower lows while MACD makes higher lows Bearish Divergence: Price makes higher highs while MACD makes lower highs MACD Trading Strategies Trend Following Use MACD to identify and follow strong trends. When the MACD line is above the signal line, it indicates an uptrend, while the opposite suggests a downtrend Momentum Trading The MACD histogram can help identify building momentum. Increasing histogram bars suggest strengthening momentum in the current direction Divergence Trading Look for divergences between price action and MACD to spot potential trend reversals Multiple Timeframe Analysis Combine MACD readings from different timeframes to get a more comprehensive view of the market Best Practices Confirm Signals: Use MACD in conjunction with other indicators like RSI or Bollinger Bands for stronger confirmation Avoid Choppy Markets: MACD is less effective in ranging or sideways markets, potentially generating false signals Risk Management: Always use stop-loss orders and proper position sizing to manage risk Timeframe Selection: Choose an appropriate timeframe based on your trading style (e.g., intraday, swing, or long-term) Default Settings: Stick to the default MACD settings (12, 20, 5) as most traders use these, potentially creating self-fulfilling prophecies in the market
Education
by bearishbullishdeaftrader
1
Gold: A Comprehensive Overview for Forex TradersGold has long been a favorite asset for traders and investors alike, valued not only for its historical significance as a store of wealth but also for its performance in financial markets. As a forex trader, understanding the dynamics of gold can be pivotal in making informed trading decisions. This article will explore the key factors that influence gold prices, its role in forex trading, and strategies for trading this precious metal. The Role of Gold in Forex Trading Gold is often referred to as a “safe-haven” asset. During times of geopolitical uncertainty, inflationary pressures, or financial market instability, investors flock to gold as a way to preserve wealth. This behavior is largely due to gold’s reputation as a store of value, which has been established over centuries. In the forex market, gold is typically traded against the US dollar, denoted as XAU/USD. The relationship between gold and the US dollar is inverse. When the dollar strengthens, gold prices tend to fall, and vice versa. This is because gold is priced in US dollars, and a stronger dollar makes gold more expensive for foreign buyers, reducing demand. Conversely, a weaker dollar makes gold more affordable and increases demand, pushing prices higher. Factors Affecting Gold Prices 1. Interest Rates and Central Bank Policies: Central banks, particularly the US Federal Reserve, have a significant influence on gold prices. When interest rates are low, the opportunity cost of holding gold (which doesn’t pay interest or dividends) is lower, making it more attractive. Conversely, higher interest rates typically lead to a stronger dollar and lower gold prices. 2. Inflation: Gold is often viewed as a hedge against inflation. When inflation rises, the real value of fiat currencies decreases, and investors seek gold as a way to preserve purchasing power. This drives up demand and pushes gold prices higher. 3. Geopolitical Events and Market Uncertainty: Political instability, wars, and other geopolitical events tend to increase gold’s appeal as a safe-haven asset. For example, during the COVID-19 pandemic, gold saw significant price increases as investors sought security amidst the global economic turmoil. 4. Global Economic Conditions: Economic indicators such as GDP growth, unemployment rates, and manufacturing data can also impact gold prices. Strong economic performance typically leads to a stronger dollar, which may put downward pressure on gold. Conversely, weak economic conditions may increase demand for gold as a safe-haven asset. Strategies for Trading Gold in the Forex Market 1. Trend Following: One of the most common strategies for trading gold is to follow the prevailing market trend. If gold is in an uptrend, traders may look for buy opportunities, and if it’s in a downtrend, they may look for sell opportunities. Using technical analysis tools such as moving averages, RSI, and MACD can help identify trend direction and entry points. 2. News Trading: Given gold’s sensitivity to economic and geopolitical events, news trading can be an effective strategy. Key events such as Federal Reserve interest rate decisions, inflation data, and geopolitical tensions can lead to sharp movements in gold prices. Traders who stay informed and react quickly to news can capitalize on these price fluctuations. 3. Risk Management: As with any forex trading, risk management is crucial when trading gold. Gold can be highly volatile, and large price swings are common. Setting stop-loss orders, using proper position sizing, and managing leverage can help mitigate risk and protect your capital. 4. Correlations with Other Markets: Gold often moves in correlation with other markets, such as the US dollar, stock indices, and bond yields. By analyzing these correlations, traders can gain insights into potential price movements. For example, if the US dollar is weakening, it could signal a potential rise in gold prices. Conclusion Gold remains one of the most important assets in the forex market, offering both opportunities and risks for traders. By understanding the factors that influence gold prices and employing effective trading strategies, forex traders can position themselves to take advantage of price movements in this precious metal. Whether you are a beginner or an experienced trader, gold’s role in the market is something you cannot afford to ignore. Stay informed, practice sound risk management, and keep an eye on the broader economic landscape to make the most of your gold trading endeavors.
by YLD_Fx