GBPJPY to next resistanceHi all,
GBPJPY has been tanking heavily today in which our next resistance point is looking at 195.50 TP.
Any thoughts?
JPYGBP trade ideas
Scenario GBPJPYQuickly draw a situation where the price was unable to break through the support and I can consider the correction to be over or I can wait for some more pullback but then I will lean towards a short position
GBPJPY - LongStopped out on the first idea but got confirmation on a new long idea on GBPJPY. Lets see how this one will play out!
GBPJPY - LongLooking for longs on GBJPY. After taking out the daily lows of this week it looks like GJ can continu it's trend up towards the weekly high.
GBPJPY Long Trade SetupGoing long on Gbp/Jpy, The pair looks like it could continue to move higher especially after opening with a gap. The price action behavior is a bit stiff and this setup does come along with its own risks like the GBP news events today.
Entry: 199.66
Stop: 197.70
Targets: 201.50 & 203.44
Risk to Reward 1:2
GBPJPY BUY NOW!!!!!!!GBPJPY created a bullish gap on the uptrend chart and price just retraced down to fill the gap which is completed am looking forward to see GBPJPY soar high to the previous highs now to create new high my goal target is 203.00
JOIN AND ENJOY
Tell us your views or take on this......
GBPJPy long ideaSo yesterday took a small trade in the longs but couldn’t see it going higher as it hasn’t taken any major LQ.
So now today we have taken major LQ and we should see GJ push higher up to my target area.
Trends overall bullish.
Side note.. GJ usually drops by September so hopefully we get to the yearly high then a big sell off.
This isn’t a signal just trades I’m taking and notes for my future reference
GBPJPY MOVING TODAYYY!GBPJPY MOVING TODAYYY!
Bearish daily close, but we’re looking for the price to pullback to daily RBS, H4 breakout, and H1 support.
Lower timeframe continuation buy is on the cards! Get ready for a solid move!
GBPJPY HITTING RESISTANCE @ 199.20#GBPJPY Hitting Resistance at 199.58 pulling back to 198.27 as a Support, the break of this level below 198.02 will push the price to 196.05
Market is Holding above the Support , All Eyes on BuyingHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
🟢This Chart includes_ (GBPJPY market update)
🟢What is The Next Opportunity on GBPJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPJPY - LONG - TREND LINE | BULLISH CONFLUENCES Bearish Indicators
1- Series of HL and HH
2- Market took retracement of Bullish trend line support
3- Market respected Fib-23.60% level
4- Formation of Hammer after retracement depicts continuation of pattern.
Entry Price - 199.460
Stop Loss - 197.931
TP1 - 200.913
TP2 - 202.663
why the GBP/JPY will create new highson the weekly you can see a clear double bottom with a break of the neckline, this indicates a change of character to the upside, there are no intermediate levels in-between so this tells me price will definitely get to the top, if you look on the daily you'll see October consolidated for 2 weeks, broke out last week Wednesday, retested on Thursday and the level held on Friday... higher time frames rule!
GBP/JPY Short-Term Scalping Analysis:The current price action shows GBP/JPY forming a descending trend, and it recently tested the 100% Fibonacci level near 198.056, suggesting a potential bounce area. However, the price remains under bearish pressure and could continue down to retest this level around 198.008-198.050.
If GBP/JPY holds this support, we may see a rebound toward the 198.502 or even 198.885 levels, aligning with the 50% Fibonacci retracement as an upper resistance.
For scalping:
Buy opportunity near 198.008-198.050, targeting a rebound toward 198.250-198.500, with a tight stop below 198.000.
Sell opportunity if the price rejects around 198.500 or higher levels, aiming for a retest of the 198.056 support.
As this is a short-term setup, it is crucial to monitor price action closely throughout the day. Adjust stops and targets based on volatility and market reactions around these key levels.
GBPJPYCurrent market conditions show trend continuation signals across multiple timeframes, with key levels identified for potential entries and targets.
GBPJPY UPDATE BUY LAST DAYFX:GBPJPY
Last day i send this analysis. a few hours ago the price riches to the zone that i specified, as i said we have to wait for low time frame confirmation. there is clear and valid confirmation .
CONGRATS TO WHO WAS WITH ME
GBPJPY IS BUYYY RIGHT NEWThe British pound experienced a sharp decline against the Japanese yen during the European session, but U.S. data later drove it into a strong upward trend.
GBPJPY long idea Waiting for GJ to come back into this area to take the LQ for longs.
This should see GJ pushing up higher or back higher
This isn’t a signal just my own trades I’m taking
GBPJPY SELL IDEA!!!!!GBPJPY come down breaking 199.10 - 199.00 then come back and retested 199.30 area and the continued to drop back to the 199.100 area where we should see a continuation drop down to 198.50 -198.00
GBPJPY opportunity- Mean reversion play.If the market gains momentum, there is potential for a countertrend on GJ.
Trading back to a weekly fast-moving average with the added confluence of a 50% retracement of the larger move.
Higher-risk trading against the trend, however, the market may present a shorter-term, high-RR trade opportunity.
There are two options for this trade idea, depending on the degree of pullback.
Trade invalidation If the price grinds higher without momentum or it moves below wave C with a lower low.
GBPJPY Support and Resistance Levels: Is 200.50 Within Reach?GBPJPY recently reached a target we discussed a couple of weeks ago, and the bullish trend remains intact above the 197.76 level. The price bounced from this level on Sunday, Monday, and Tuesday. If the price dips to around 198.42 but holds above 197.76, I anticipate bullish traders will likely support the price, aiming to lift it toward the resistance at 199.43. Should the price break above 199.71—the next target at 200.50 may come into play.
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