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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

SHORT GBPJPY GBPJPY Technical Analysis February 7, 2025 Short Setup Analysis Yen Strength Daily: Major support break 4H: Price retesting EMA 21 Higher timeframe trend: Bearish Technical Structure Break of major support level on daily trend line Retest of EMA 21 on 4-hour chart Bearish momentum confirmed Multiple timeframe alignment show of strength in other yen pairs Trade Setup Entry: Short at EMA 21 retest (4H) Stop Loss: Above recent swing high Target: August 2024 support level Entry Confirmation: Rejection at EMA 21 on 4h
Short
by aryoTraderX
BP/JPY Supply Zone & Short Opportunity📉 GBP/JPY Supply Zone & Short Opportunity 🚀 🔹 Timeframe: 2H 🔹 Key Resistance Zone: 192.15 - 192.56 🔹 Bias: Bearish 📉 🔹 Trade Idea: Looking for a rejection from the highlighted supply zone to go short. Price may retest the 192.5 area before a potential drop. 🔻 Targets: 1️⃣ First downside target: 190.50 2️⃣ Second downside target: 188.80 - 187.70 If price breaks and holds above 192.56, the bearish setup may be invalidated. Watching for confirmation before entry. 📊
Short
by E_R_S
Comprehensive Market Analysis Checklist!This checklist is designed to help you perform a thorough analysis of the market to make informed trading decisions. It encompasses a range of technical and fundamental questions that should be considered before entering a trade. Market Overview and Direction 1. What is the overall direction of the market? 2. What are the directions of various market sectors? 3. What are the weekly and monthly charts showing? 4. Are the major, intermediate, and minor trends moving up, down, or sideways? 5. Where are the important support and resistance levels? 6. Where are the important trendlines or channels? 7. Is volume and open interest confirming the price action? Technical Pattern Recognition 8. Where are the 33%, 50%, and 66% retracements? 9. Are there any price gaps, and what type are they? 10. Are there any major reversal patterns visible? 11. Are there any continuation patterns visible? 12. What are the price objectives from those patterns? 13. Which direction are the moving averages pointing? Oscillators and Indicators 14. Are the oscillators overbought or oversold? 15. Are there any divergences apparent on the oscillators? 16. Are contrary opinion numbers showing any extremes? Advanced Technical Analysis 17. What is the Elliott Wave pattern showing? 18. Are there any obvious 3 or 5 wave patterns? 19. What about Fibonacci retracements or projections? 20. Are there any cycle tops or bottoms due? 21. Is the market showing right or left translation? Trend Analysis Tools 22. Which way is the computer trend moving: up, down, or sideways? 23. What are the point and figure charts or candlestick patterns showing? Trade Setup and Risk Management Once you’ve arrived at a bullish or bearish conclusion, ask yourself the following questions: 1. What is the market’s likely trend over the next several months? 2. Am I going to buy or sell this market? 3. How many units will I trade? 4. How much am I prepared to risk if I’m wrong? 5. What is my profit objective? 6. Where will I enter the market? 7. What type of order will I use? 8. Where will I place my protective stop? This comprehensive analysis will help you assess the market conditions from all angles and develop a well-thought-out strategy before making any trading decisions. __________________________________________________________________________________ Reference: Murphy, John J. Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance), p. 455.
Education
by SpicyPips
ELLIOTT WAVE IN MOTIONThis chart shows classic Flat correction that is in its final stages which would be labelled as Wave 5(Red) hence Wave C(Green) and therefore Wave B(Blue). When B is complete, it would mark the end of the correction and a move up at least 100% of Blue Wave A would begin. This would be Blue Wave C. The Market obeys Elliott Wave Principles in phenomenal ways. Ways that are Logical, Scientific and Mathematical, all encompassed on this beautiful principle. This is more than just a Theory. Its the Foundation of the Market and hence Trading.
by machariavictor017
5
GBP/JPY: 6/3/2025- HTF Perspective, price is consolidating, however, numerous opportunity will appear for scalpers. H4: 1. 192.275, act as major resistance and price has respect the overall trendline which make sense for price to have some negative impact at it. 2. Previous candle closure act as short-term bearish opportunity, align with the resistance and rejection on the trendline above. - Overall, I will stay neutral as I do not have an exact bias for this UNLESS a break of either trendline.
by terencejong
GBP/JPY Bullish Channel (07.3.25)The GBP/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Channel Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern. Target Levels: 1st Resistance – 192.46 2nd Resistance – 193.40 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Long
by KABHI_TA_TRADING
21