Discussions

British Pound / Japanese Yen forum

3 hours ago

Important - Your safety and trust are my priority. Let’s stay vigilant and keep this community safe!

Thank you for understanding.

-Zak

4 hours ago

📊 GBPJPY Intraday Trade Setups

💼 Trade Idea: Buy Intraday Trade Setup

🔹 Entry Price: ✨ 197.071
🔹 Stop Loss: ❌ 196.800
🔹 Take Profit 1: 🎯 197.400
🔹 Take Profit 2: 🎯 197.600

📌 Reason for Entry: The entry price of 197.071 is near a significant support level, confirmed by the daily Fibonacci retracement. The price action indicates a potential upward reversal, with the first target at 197.400 and the second target at 197.600. The stop loss is placed at 196.800 to manage risk effectively.

💼 Trade Idea: Sell Intraday Trade Setup

🔹 Entry Price: ✨ 197.462
🔹 Stop Loss: ❌ 197.700
🔹 Take Profit 1: 🎯 197.200
🔹 Take Profit 2: 🎯 197.000

📌 Reason for Entry: The entry price of 197.462 aligns with a strong resistance level, supported by daily Fibonacci retracement levels. The market shows signs of a potential downward movement, with the first target at 197.200 and the second at 197.000. The stop loss is set at 197.700 to control risk.

💡 Summary:

GBPJPY is at critical levels, with support at 197.071 and resistance at 197.462. The Buy Setup at 197.071 targets 197.400 and 197.600, while the Sell Setup at 197.462 targets 197.200 and 197.000. These setups are based on daily Fibonacci retracement levels and strong support/resistance zones.

4 hours ago

Feels like a breakout is going to happen?

5 hours ago

buy now
take profit 198.50

8 hours ago

I’m looking for 196.600 area to be touched before going long

9 hours ago

📊 GBPJPY 26th December 2024 Daily Analysis Based on Main Key Levels

In this analysis, we will evaluate the current state of the GBPJPY market, identifying key price levels and potential trading strategies.

📍 Daily Current Market Price (DCMP)

The current market price for GBPJPY is 197.356. This serves as a crucial reference point for identifying trading opportunities.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 198.423
Resistance 2: 199.673
Resistance 3: 201.697

✅ Support (Below DCMP)

Support 1: 196.399
Support 2: 194.375
Support 3: 193.125

📉 Swing Levels
Swing High: 199.564
Swing Low: 194.072

Summary of Analysis

The GBPJPY market is currently positioned at 197.356. Key resistance levels above this price include 198.423, 199.673, and 201.697. The support levels below this price are 196.399, 194.375, and 193.125. The swing high is at 199.564, and the swing low is at 194.072.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 196.399
Stop Loss: ❌ 196.000
Take Profit 1: 🎯 197.000
Take Profit 2: 🎯 197.500

📌 Reason for Entry

The price is approaching a key support level at 196.399, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 198.423
Stop Loss: ❌ 198.800
Take Profit 1: 🎯 198.000
Take Profit 2: 🎯 197.800

📌 Reason for Entry

Resistance at 198.423 suggests a potential selling opportunity, with targets set below this level.

💡 Conclusion
This analysis provides a concise overview of key levels and trade opportunities for GBPJPY. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!