Gbpjpy long ideaI’m currently looking at longs from here , I’m waiting for the news to to push GJ back up to the next daily high.
Watch for the LQ sweep below this consolidation area which will trap sellers
JPYGBP trade ideas
Uptrend in Play or Drop Incoming? Key Price Zones!OANDA:GBPJPY
Current Price: 195.150
Chart Timeframe: 1-Hour
Bullish Outlook:
The price tested the Ascending Channel’s lower trendline as support and is now heading toward the 196.049 target.
Minor resistance at 195.714 may cause a pullback to 195.339 before the price resumes its move toward the 196.049 target.
Alternatively, if the price breaks below the channel’s lower trendline, it could lead to a decline towards 193.708.
Resistance Levels:
• 195.714 (Minor resistance)
• 196.049 (Primary target)
Support Levels:
• 195.339 (Expected pullback level)
• Lower trendline of the Ascending Channel (Current support)
• 193.708 (If the price breaks below the channel)
Happy Trading!
update on GBPJPy trade continuation from previous sell take on gbpjpy . price moves as expected towards our key area of interest . now we look to see how the price delivery will react in at our point of interest to confirm our long swing buy position for gbpjpy .
GBPJPYCurrently on GBPJPY on the weekly timeframe price has just taken out the highs of September during October and closed below them, now we are entering our sell orders and wait for major distribution the downside.
GBPJPYCurrently on GBPJPY on the weekly timeframe price has just taken out the highs of September during October and closed below them, now we are entering our sell orders and wait for major distribution the downside.
gbpjpy overall top down analysis with 15 minute sell scalp takentoday we looked into GBPjpy overall setup from daily to 5 minute chart. we ended up taken a short sell scalp which moved directly into profit .
this was a scalp but overal GBPjpy we are bullish . but in order for out analysis to play out we further need to provide price with enough room to break leading to us taking a short less scalp while price delivery takes us directly to our point of interest .
higher time frame - bullish
short time frame - sell scalped until our point of interest
GBPJPY breakthrough upwardsGBPJPY breakthrough upwards
GBPJPY breakthrough upwards the
resistance level, and formed a new
supply zone.
Therefore, buy GBPJPY around195.84
SL: Below 195.03
TP1: 198.79
TP2: 200.6
GBPJPY risky sell, aggressive stance on rate cut?Why are we taking this sell even though the trend is bullish?
"Bank of England rate-setter Megan Greene suggests that future rate cuts could boost consumer spending in the UK, potentially stimulating the economy. However, she remains cautious about rushing into a faster rate-cutting cycle due to uncertainties around how households will react. With inflation risks still present and consumer spending lagging compared to the US, the outlook for GBP remains uncertain. Traders should watch for any signs of the BOE taking a more aggressive stance on rate cuts, which could impact GBP/JPY movement in the coming weeks."
If BOE does take more of aggressive stance expect this to play out
GBPJPYThe price is finally building Bullish Structure on the lower timeframeH1.
Because Monthly/weekly, and daily, are already bullish.
GBPJPY WONDERMAP FOR TODAYGBPJPY WONDERMAP FOR TODAY
Daily candle closed bullish, so here’s the plan:
Buy Zone:
• H1 Breakout
• H4 RBS
• Lower timeframe continuation buy.
Stay focused and be ready to catch those entries! Let’s keep the momentum going!
GBPJPY WONDERMAP FOR TODAYGBPJPY WONDERMAP FOR TODAY
Daily candle closed bullish, so here’s the plan:
Buy Zone:
• H1 Breakout
• H4 RBS
• Lower timeframe continuation buy.
Stay focused and be ready to catch those entries! Let’s keep the momentum going!
GBPJPY breakout?GBPJPY after forming multiple Liquidity Candle started to breakout from the resistance. As it is a long term bull market, lower timeframe currently aligning with the higher timeframe and 4h candle is currently closing above the resistance line. We may see potential breakout and may continue to bounce to daily resistance line.
As of with liquidity flow is bullish, we are on a bullish trade expecting to bounce with the upcoming news announcement.
GBPJPY: 1st Trade Of The Week Hit Final Target. What's Next?My Bullish bias hasn't changed. GJ hasn't found a ceiling yet so we're still looking for buys.
Our first trade was successful, giving us +100 pips. Now we are looking for some type of correction, pull back or bullish flag, then a continuation up.
Key Res around 196
Key Sup around 194.56
I will try to update if I decide to take a trade.
GBPJPY BUY OR SELL BIASGJ is in a very strong supply zone and I feel it will breakout due to the momentum of it going long. So is either a buy or sell bias
IDEA GBPJPY LONG POSITION HI TRADERS
Pair : GBPJPY
Position : LONG ( BUY )
Entry Price : 196.000
STOP LOSS @ 195.650
TP 1 @ 196.350
TP 2 @ 196.700
TP 3 @ 197.050( Trailing SL )
GBPJPY - 4hrs ( Buy Trade Target Range 280 PIP )🟢 Pair Name : GBP/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Long ) Break Out Done
Type : Mid Term Swing
———————————
Bullish Break
195.700 Area
Reasons
- Major Turn level / M
- Visible range Lvn
- Triangel Pattern
- Fibo Golden
- week High Area
- Choch Zone
Bearish Reversal
198.850 Area
- Major Turn level / D
- Visible range hvn
- FIbo Golden Zone
- Quarters High Area
- Choch Zone
GBPJPY: Medium term correction.GBPJPY is bullish on its 1D technical outlook (RSI = 59.018, MACD = 1.270, ADX = 45.334) but on a decreasing rate as the aggressive rise has taken a pause and the price, despite inside a Channel Up since August, has turned sideways since October 4th on the 4H MA50. We expect the bearish wave of the Channel Up to start any day now. Even though the previous targeted the 0.618 Fib, we will aim for the 0.5 this time (TP = 190.000) as the decline may start a little higher than the current price. Keep in mind that the best trigger to sell will be a 1D MACD Bearish Cross.
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gbpjpyIF IT BREAKS THROUGH THE 196.052 LEVEL MARKED ON THE CHART PRICE COULD CONTIUE TO RISE UP TO THE HIGH.
IF IT REJECTS FROM THE RESISTANCE LEVEL 196.052 WE COULD SEE A BEARISH PUSH TO THE DOWN SIDE.... currently waiting for price to hit key levels
GBPJPY Sell TradeIf gbpjpy rejects 195.650 on 30 min timeframe than sell with
Tp @ 194.650
Sl 195.800
GJ going long GJ has retraced on a major 0.618 zone on 4hr at 194.60 to assure continuous uptrend shortly.
JPY is going to be stronger in future-Elliot Wave AnalysisAs we see the price has completed its recent cycle on 11 July, 2024.
It is now in a major correction where the wave 'A' is already formed.
Now the price is forming the wave 'B' and its minimum destination is 61.80%
After completing the wave 'B', price will lead the wave 'C' which will be a downward impulse which can move the price toward 175 zone.
The more days are passing by, selling opportunity is emerging.
So be patience and enter into the market with confident.
