Daily correction up continuationDaily is in a holding pattern ascending triangle looking to break out to the upside for further correction up to target areas.
GBPJPY trade ideas
GBPJPY Confirmed long-term buy opportunity.The GBPJPY pair has recovered the late July sell-off and inserted again back within the 2-year Channel Up and even closed the last 2 weeks above the 1W MA50 (blue trend-line). The latter technically confirmed the bottom and the start of the new Bullish Leg.
The first Bullish Leg of the Channel Up reached the 2.0 Fibonacci extension, the second aimed even higher, so our 218.00 Target towards the peak of the Sine Wave appears to technically be a modest long-term Target.
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GBPJPY short_ 2 setupsGBPJPY closed from the bottom of the channel and it seems that not having strong buyers for going up. Two setups with win rate 1 and 2 could be possible.
GBPJPY Updated Hello traders,
In this idea, I'm sharing my analysis and position on GBPJPY.
Weekly Chart: I've drawn a Fibonacci channel, and the price has recently bounced off the 38.2% level. I anticipate that the price will retest the middle line of the uptrend channel, around the 193 to 195 range.
Daily Chart: I've identified a bearish cup & handle pattern and set the corresponding targets. However, I'm waiting for confirmation with a break below the support at 183.6 before taking further action.
Feel free to share your thoughts and insights!
GBP/JPY Short-Term Bullish OpportunityThe GBP/JPY pair is showing signs of a potential short-term bullish move from the 189.800 level, as observed on the 1-hour chart. The formation of an ascending triangle pattern indicates a possible breakout, with strong resistance identified at the 192.000 level.
The target for this bullish trade is set at 190.970, aligning with the 0.168 Fibonacci retracement level. A stop-loss is recommended at 189.514, which is positioned just below the current lower low, offering a prudent exit point should the trade move against expectations.
Disclaimer: This analysis is for educational purposes only and is not intended as financial advice. Please ensure you do your own research before trading in any real account.
GBPJPY SMC 15min i support the idea that gbpjpy will go long due to the bounce off the bullish breaker and the fact that we have equal highs above the market place . as far as an entry im going to wait for a retracement to an orderblock of my liking or an fair value gap for now i just watch but my bias has been stated
GBP/JPY Trade Setup: Short Position AnalysisThis chart depicts the GBP/JPY currency pair on a 4-hour timeframe. It shows a downtrend with price action recently retracing upwards. The chart highlights a potential sell zone near 192.565, marked by a green resistance area, and a buy zone around 184.052, marked by a maroon support area. The current price is 190.314, with a trade setup indicating a short position targeting lower prices.
GBPJPYAnalyse on GBPJPY
We have been on an uptrend since August.
The price has been in consolidation since 15/8/24, we must break the consolidation to start moving correctly again.
Bullish on GBPJPYLooking for price to trade to the discount price. Wait for candle stick entry to take to the buy side liquidity.
GJ upside continuationGJ Plan - This pair have potential to go to 192.02 to make a triple bottom or even to make a new high on 192.20 liquidity area.
Perform your own analysis and risk management first, then consult my plans to identify the best trading zones, the best levels to buy or to sell.
Learning from others is important, but copying them won't make you a professional.
Developing your own strategy and critical analysis skills is crucial for long-term success.
Always trust your judgment and focus on continuous learning to improve your skills.
Your trading is your responsibility. Choose a good risk management.
GBP/JPY Possible Correction Up#trading_idea #GBPJPY 💡
#GBPJPY - Possible Correction Upwards
On the hourly chart, we can see the price testing the key level of 189.333. There is a candlestick formation indicating a possible correction upward. The MACD suggests potential growth, even though the pair is trading below the MA(100).
Possible scenarios:
🔼If the prise break through 189.933 resistance we may see the rise towards 190.957.
🔽Otherwise, a slide towards 189.518 and lower support zone is possible.
😎 🔖 Click "👍" if you think the price will rise and "👎" if you think it will slide back.
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GBPJPY POTENTIAL REVERSAL?Hello it seems GBPJPY is going to reverse lower if price breaks the the first grey zone thats our invalidation point if price respects it it will go downwards to targets
Break or Bounce On The Dollar As Interest Rate Cut Looms?With the Fed poised to cut rates at September's meeting, the dollar hovers at the key 100 key monthly level which, on a normal occasion, would serve as a clear support but after such a long awaited rate cut, which would devalue the dollar even further, one cannot be so sure.
Technically, there are no real indicators of price shifting structure to the upside as yet but with price in a Daily bullish order block, monitoring its development over the course of this week will be key.
EurUsd & UsdZar are not in ideal trading conditions and so will not be on my radar this week unless price action develops further. GbpJpy however continues to trade higher from a Weekly order block and is currently encountering resistance from a 4H order block which may result in a slight correction before we continue higher into Daily equilibrium.
GBPJPY BUY NOW!!!!!GBPJPY just took out the sell side liquidity and made a retest and now heading to create a new low am in on a sell till we run all liquidity to the sell side...........
TELL US YOUR TAKE ON THIS.......
GBPJPY SHORTGBPUSD has touched a resistance level 4 times and it has not formed any FIB structure
but it will make U turns on the previously known targets OR Turns, till 186.730
Check the trend It is expected that the price fluctuates between two resistance and support ranges, and then according to the behavior of the price, it is expected to continue the upward trend.
