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British Pound / Japanese Yen

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GBPJPY trade ideas

A strong daily rejectionGBPJPY forecast… We have a retracement to the daily fair value gap, from this data it is gathered that this daily area is quite a significant rejection level because when we shift to this current timeframe, we acknowledge that the bullish channel is slightly invalidated. The bullish viability has been decreased, the bias is now bearish. I would love to see price break below the swing low between levels 191.500 and 191.00 for further confirmation. Should we get the clearance, then we’ll have displacement which will lead us to a bearish entry after the flip to our point of interest which happens to be the liquidity pool at 192.500. This potential bearish trade is an anticipated 1:5, a stop loss of 100 pips to a target of 500 pips at 187.500. The plan is to move our stop to break even and partial out when price drops below 191.000 in profit, then we shall be in a risk free trade…
by tokelohomi
2
GBP/JPY LONG MOVEEntry: 192.175 Tp 1: 198.432 Tp 2: 205.696 Tp 3: 208.194 We can see a double bottom that price has formed on the daily and 4hr. As you may know the bigger the timeframe the outcome . We can see GBP/JPY clear direction. Notice this pair is also making a W pattern. We will place our entry at the neckline of the w which is 192.175 and set a take profit to the previous HH (Higher high). Be aware to use proper risk management and leverage for this trade will be held for 2-3 weeks.. Follow me @CEEJAYYTRADES Profits!!!
Long
by CEEJAYYTRADES
GBP/JPY LONG MOVEEntry: 192.175 Tp 1: 198.432 Tp 2: 205.696 Tp 3: 208.194 We can see a double bottom that price has formed on the daily and 4hr. As you may know the bigger the timeframe the outcome . We can see GBP/JPY clear direction. Notice this pair is also making a W pattern. We will place our entry at the neckline of the w which is 192.175 and set a take profit to the previous HH (Higher high). Be aware to use proper risk management and leverage for this trade will be held for 2-3 weeks.. Follow me @CEEJAYYTRADES Profits!!!
Long
by CEEJAYYTRADES
GBPJPY is in the DOOWNTRENDHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Short
by ForexMasters2000
GBPJPY: UPTREND TRADE IDEAGBPJPY (LONG) Timeframe = H4 Trend = Bullish ENTRY: 193.00 > 193.10 Bullish Targets:- TP1: 193.40 TP2: 195.45 TP3: 198.00 TP4: 204.00 Details:- Markets are undecided whether the Bank of England will hold, or cut rates by 25bps on Thursday, raising the potential for GBP volatility which has put the FX options market on high alert. The FX volatility upon which FX options thrive is an unknown, yet key parameter of their premium, so dealers use implied volatility - their best guess. Disparity between implied and realized over the life of the option is a common occurrence and makes FX volatility a tradable asset. Therefore, any implied volatility increase over a key event like the BoE, is also a bellwether for the wider market to see the additional FX volatility that options traders think that event will generate. GBPJPY had good volume and moved well from last 2 days. Exactly on the way as predicted. It will hit a strong resistance level around 193.40 to 195.50. Bearish Target:- 191.0 190.0 Disclaimer: Please be advised that the information presented on TradingView to 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 author 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 provided.
Long
by Intelli_ag
1
Trade Recaps: EURUSD-LONG, GBPJPY-LONG, 23/09/2024EURUSD Bias Analysis: Daily displacement higher out of order block and OTE, with the 4H trending higher presented an optimal alignment entry which aligned with the 1H range for the day. After an impulsive protraction into 1H EPD which was within a 4H OB & 1H FVG, entry confirmation was received and a long position was executed. GBPJPY Bias Analysis: The daily pulled back aggressively into EPD and with a 4H bullish trend prevailing, The market presented a resistance setup which aligned with the 1H range. Also protracting impulsively, price pulled back into confluent 4H & 1H FVG's which were within 1H EPD, meeting trade parameters which led to a long execution once entry confirmation was received. Grade: EURUSD: High Probability GBPJPY: Valid What I did well or could've done better: - Stuck to the plan and executed positions, despite impulsive price action into my entry region. - My take profit order on MetaTrader did not align with how I had frame my position on TradingView. While this led to closing out a larger profit than anticipated (this time), in future, this could lead to TP orders not being filled and walking away with less profit than anticipated.
Long
by The_Modern_Day_Trader
Longs ideal on GBPJPY. Interest rate differentials between these currencies are key when identifying trade setups. Currently, the BOE has a 5% interest rate, while the BOJ has 0.25%. Using our Institutional pairing approach, this indicates a strategy of buying the strongest currency (GBP) against the weakest (JPY). We also consider dollar-based weakness—if the USDX is bearish, we aim to buy the strongest currency against the weakest. This condition is fully present in the current market, meaning we are looking for long positions on GBP/JPY. To support upward price movement, we look for Discount Arrays on higher timeframes (HTF). If I were trading this pair, I’d focus on finding long opportunities from MWD Discount Arrays.
Long
by BullishFX_Consultancy