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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBPJPYKey Features of the Analysis: 1. Trendline (Blue Line): The upward-sloping blue trendline shows that the market is in an ascending trend. Price has respected this trendline multiple times, indicating strong support. 2. Resistance Zone (Red Rectangle): The red zone (193.481–198.705) marks a significant resistance area where the price has previously struggled to break above. It represents a critical target for the current bullish move. 3. Trade Setup: Green Box: The take-profit zone, targeting the top of the resistance near 198.705. Red Box: The stop-loss zone, placed below the trendline and the recent support level around 191.398. The trade assumes a continuation of the bullish trend after bouncing off the trendline. 4. Current Price Action: Price is currently trading at 192.729, just above the blue trendline and below the resistance area. The bounce off the trendline suggests bullish momentum, aiming for the resistance zone. 5. MACD Indicator (Bottom Panel): The MACD (Moving Average Convergence Divergence) is showing bullish signals: The histogram is transitioning from negative to positive, indicating that momentum may be shifting upward. The MACD line is close to crossing above the signal line, further supporting the bullish bias. Entry Point: Optimal Buy Zone: Around the current price level (192.729) or slightly lower, near the blue trendline support (~192.000–192.500). The price has already bounced off the trendline, signaling bullish momentum. Entering near this area allows you to catch the trend continuation. Stop-Loss Placement: Place the stop-loss below the blue trendline, around 191.000–191.400, to account for false breakouts. This level ensures that if the price falls below the trendline, your loss is limited. Take-Profit Target: Target the upper resistance zone, near 198.705, which represents a major area of selling pressure. For more conservative traders, consider scaling out or closing part of your position around 193.481, the first resistance level within the red zone. Risk-Reward Ratio: Ensure that your stop-loss and take-profit maintain at least a 1:2 risk-reward ratio, meaning the potential reward is at least double the risk. Confirmation: If you're uncertain, wait for further bullish confirmation, such as: A bullish candlestick pattern (e.g., engulfing candle) near the trendline. MACD crossover (MACD line crossing above the signal line).
Long
by Dee9549
GBPJPY - LongAs of 22 Jan 2025, the market sentiment for GBP/JPY is mixed but leaning towards bullish The current support levels are around 190.5, 190.0, and 189.5, while resistance levels are at 192.5, 193.0, and 194.0. The pivot point is at 191.8, and the market price is above this pivot point, supporting a bullish scenario Overall, while there are some concerns about overbought conditions, the strong trend indicators and momentum suggest a positive outlook for GBP/JPY at the moment.
Long
by StevenCcc
NAS100 | Neutral with slight bullish lean Key Observations: 1. Moving Averages: • The chart has a red line (likely a longer-period moving average, such as the 200 EMA) and a blue line (likely a shorter-period moving average, such as the 50 EMA). • The price recently crossed above the shorter moving average, indicating a potential short-term bullish momentum. • The price is testing the longer moving average from below. If it breaks above, it may signal a potential trend reversal to the upside. 2. MACD: • The MACD line (blue) has crossed above the signal line (yellow), which is a bullish indicator. • The histogram bars are now positive, indicating increasing bullish momentum. • The MACD line and signal line are still below the zero line, which suggests the pair is coming out of bearish momentum but hasn’t fully transitioned to a bullish trend. 3. Price Action: • The pair shows a rounding bottom pattern, suggesting a reversal of the previous bearish trend. • It’s currently attempting to break resistance at the 192.00 level. • The recent low around 189.33 serves as a key support level. 4. Overall Trend: • The broader trend is bearish, as evidenced by the price being below the longer moving average for most of the chart. • The recent price action and indicators show signs of potential recovery, but a confirmed bullish trend would require a clear break and close above the longer moving average and recent highs (around 193.00). Key Levels: • Resistance: 192.00 (current level), 193.00, 194.00. • Support: 191.00 (psychological level), 189.33 (recent low). Potential Scenarios: 1. Bullish Case: • If the price sustains above 192.00 and the longer moving average, a move toward 193.00–194.00 is likely. • Watch for continued positive momentum in the MACD histogram and a crossover of the MACD lines above the zero line. 2. Bearish Case: • If the price fails to sustain above 192.00 and the longer moving average acts as resistance, the price may retest 191.00 or even the support at 189.33. Recommendation: • For Buyers: Wait for confirmation of a breakout above the 192.00 resistance and the longer moving average. • For Sellers: Look for rejection at 192.00 or the longer moving average, and target the 191.00 or 189.33 support levels.
by AutoMarkets
Trading minute impulseOn the minute timeframe of GBPJPY at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Long
by syomking76418
GBPJPY Is Bearish! Short! Please, check our technical outlook for GBPJPY. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 191.076. Taking into consideration the structure & trend analysis, I believe that the market will reach 189.587 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
3
GBPJPY Is Very Bullish! Long! Here is our detailed technical review for GBPJPY. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 190.065. Considering the today's price action, probabilities will be high to see a movement to 191.727. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBP/JPY - Preparation for the Interest Rate Hike on Friday - BOJHi guys , we would be looking in a shorter term trade on the GBP/JPY looking to chase at least 100 pips in a down turn , we have a positive expectation that the Bank of Japan would hike the interest rate on Friday from 0.25 to 0.50. I do agree that 25 basis points isnt a lot , but in a status that it took BOJ two years of sitting on negative interest rate to finally start balancing their sheets and looking to increase it, would give a positive approach into a better stability for the Japanese economy and more specifically the Japanese Yen! Entry: 191.00 Target: 189.800 As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
Short
by DG55Capital
Ghost Traders FX GBP/JPY Bearish Trend Forming [SHORT]With the BOC about to make an interest rate decision change not seen since the 2008 financial crisis, it really does leave the market to guess... are we going to see another HUGE drop like we did in July last year. Bearish structure looks to be forming, but could still see a sweep above before continuing down, alternatively if price puts in a new low I believe it's much more profitable for big money to send this to 178.75 before the potential of a long-term bull trend continuing. Trade Record for GTFX stands at 126 wins, 17 breakevens, 7 losses with a 94%+ W/R & +2670 pips gained. Best of luck to everyone.
Short
by Ghost_Traders_FX