British Pound / Japanese Yen forum
GBPJPY 700 pips target hit
GBPJPY GBPJPY Weekly Analysis Based on Main Key Levels
📍 Current Market Price (DCMP)
The current market price for GBPJPY is 198.562. This price level is critical for identifying potential trading opportunities.
🛑 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: 191.101
📉 Swing Levels
Swing High: 199.564
Swing Low: 194.072
Summary of Analysis
Currently, GBPJPY is positioned at 198.562. The nearest resistance level above this price is 199.673, while the support level below is 196.399. 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: ✨ 199.673
Stop Loss: ❌ 200.000
Take Profit 1: 🎯 199.000
Take Profit 2: 🎯 198.500
📌 Reason for Entry
Resistance at 199.673 suggests a potential selling opportunity as it aligns with the technical analysis, providing clear targets below this level.
Conclusion
This analysis provides a concise overview of key levels and trading 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!
GBPJPY happy weekend everybody :)
GBPJPY This is going to 242.3GBPJPY TP hit. price bounced precisely at the H1 supply. I think it's just a pullback though. Weekly tf still bearish, daily and H4 bullish.
GBPJPY this guy coming down anytime soon?GBPJPY GBPJPY 27th December 2024 Daily Analysis Based on Main Key Levels
Daily Current Market Price (DCMP)
The current market price for GBPJPY is 197.528. 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
Swing Levels
Swing High: 199.564
Swing Low: 194.072
Summary of Analysis
As of the latest evaluation, the GBPJPY market is positioned at 197.528. Key resistance levels above this price include 198.423, 199.673, and 201.697. The support levels below this price are 196.399 and 194.375. The swing high is noted at 199.564, while the swing low is at 194.072.
Suggested Trades
Intraday Buy Trade
Entry Price: 196.399
Stop Loss: 194.375
Take Profit 1: 197.528
Take Profit 2: 198.423
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: 199.673
Take Profit 1: 198.000
Take Profit 2: 201.697
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!
GBPJPY The GBP/JPY pair tells the trader how many Japanese Yen (the quote currency) are needed to purchase one British Pound (the base currency). It is known to be a “carry currency cross”, that is a cross which is a vehicle for carry trading (one of today's most popular trading strategies). A carry trade happens when a person sells or borrows an asset with a low-interest rate in order to purchase another asset with a higher interest rate, looking to profit from the underlying interest rate difference. This strategy is heavily used in the foreign exchange market tradingview.com/x/ao7BW1H9
GBPJPY Any idea for today?
GBPJPY heading to 198.366?