GBPJPY CONTINUATION SELL? GBPJPY has retraced back its previous support zone. I believe it will continue to sell from this zone. Shortby BlackSheepFinancial2
GBPJPY FORECAST Q2 2024: Yen-Sama not looking kawaiiiBULLS: { ◕‿◕ } OTAKU: { ◕_◕ } what do you mean no more anime for the remainder of the year Been very quiet since my last discounting of Yen-sama’s future events Im expecting this pullback to have a bullish continuation in time for now i expect one of the 2 levels to be the entry but i expect some ranging as TVC:JXY seems to be gaining power but same is said for TVC:BXY BOJ raised rates raise in march for the 1st time so this is just the start, and UK definitely looking like a more solid investment to keep my money as it just exited the recession growing at a higher than expected rate. But if you ask me it might fall back into the recession in time when America finally admits their failure and falls back into an epic recession still waiting for it... BUT when that does happen yen will be in a 10x weaker position than the UK which will fall with slow strides till it eventually gets so hot, japan on the other hand will just fall into even deeper economic chaos.Longby Bekiumuzi_DubeUpdated 117
GBPUSD enter in bearish modeGBPUSD has broken higher low in one hour time frame know the trend is turning bearish good opportunity for a short trade with a small stop loss.Shortby kashif19992
GBPJPY Wave Structure on 1 Hour Timeframe4H swing is bullish => current is pullback dow. 1H swing is bearish => current is pullback up. We look for a sell opportunity down to the weak swing low of the 1 hour timeframeby quangcttn2
GBPJPY-BEARISH-TRANDGBPJPY is in a bearish trend as it formed bearish diver gen and printing lower high anf lower lowShortby FazalSiyal2
GBPJPY Trade IdeaVery likely Price will tap in our zone and then go. It can also invalidate our zone. Always look out for confirmations.Longby RobertOprisor13
GBPJPY SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify anyShortby akmalsabran903
Short GBPJPYLooking to short GBPJPY. GJ is currently trading a VERY strong uptrend, when it moves like this counter trading must be smaller take profits. Considering this, I am still looking to short based on what the chart shows us. Confluences: Previous weekly high/weekly intra key level Alignment to AUDJPY Entry price: 200.420 Stop: 200.900 Target: 199.80 With alignment across JPY pairs, this gives a level deeper than just technical. Catch you later traders ▲ Shortby FalkenFxUpdated 113
GBPJPY: Watching for Bearish Confirmation After Uptrend Channel GBPJPY presents a potentially lucrative opportunity for day traders, but caution is advised. This analysis explores the current price action and outlines a potential short trade setup. Technical Analysis: Uptrend Channel Breach: The price has potentially broken above the uptrend channel on the daily chart. However, the validity of this breakout is questionable. Bearish Engulfing Pattern: A bearish engulfing candlestick pattern has formed on the daily timeframe, following another red candle. This suggests a potential reversal of the uptrend. Fibonacci Retracement: Based on your chart (which I can't see directly), you identified the 61.8% Fibonacci retracement level as a potential downside target. Trading Strategy: Confirmation is Essential: Entering a short trade right now is not recommended. Wait for confirmation of a bearish reversal. This could involve a daily candle closing below the 23.6% Fibonacci retracement level or a strong bearish candlestick pattern forming. Risk Management: Given the potential for a false breakout, proper risk management is crucial. Define clear entry, stop-loss (above the channel or a recent swing high), and take-profit levels based on your strategy and risk tolerance. Important Considerations: Market Context: Fundamental factors and economic news releases impacting Japan and the UK can influence price movements. Staying informed can provide valuable context for your trade. Do Your Own Research (DYOR): This analysis provides a potential trade idea, but it's not a guaranteed outcome. Always conduct your own research and analysis before entering any trade. Remember: The forex market can be unpredictable. Shorting any currency pair carries significant risk. By combining this analysis with proper risk management, additional research, and waiting for confirmation, you can make informed trading decisions in the GBPJPY market.Shortby OMGiTzREALHASSAN2
GBPJPY- Previous Day candle closed bullish . If we are looking for buys we will take on until daily resistance formed on 21 feb 05 and tp 2 on 20th may 04 - If we are looking for sells we take on until tp 1 on 24 dec 04 and tp 2 on 20th jun 05 daily resistance. - Wait for 1 hour candle to close above or below zone to enter trade.After hitting TP, you are done for the day. - We risk 5-10% of our capital. Close trades manually once price reverses to opposite direction and 1 hour candle closes below/above order Block. - After hitting TP 1 or any TP {dont not re-enter new trade} , for TP 2 always use B.E .by Mbugua-KeUpdated 3
GBPJPY TRADE SETUPwait for retest the entry level then take a trade for Buy otherwise skip this setupLongby JinnatAlamSumon2
CHART BREAKDOWN GBPJPY: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential demand zone (medium-risk sell zone) spanning from 198.550 to 198.400, respectively, are highlighted. Things I Have Seen👀: Medium-Risk Buy Zone🟠: Positioned between 198.550 and 198.400, suggesting another area with moderate risk for potential buying positions. Bullish Targets📈: 199.000: Possible retracement area. 200.000: Possible retracement area. 200.300: Possible retracement area. 201.000: Liquidity area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market. Longby TTradessss3
GBPJPY Sell/ShortNew sell short for GBPJPY sell short. I have a TP for 196.971 set in and a stop loss can be set for 25 pips. Please message me for any questions in regards of this trade. Shortby KingTraderFX3
GBP/GPY ( Exhaustion )We have come to the previous top from a month ago. We are also extremely overbought. I expect a breakdown here once we close below current structure. Shortby GuardianFX2
BIG SHORTChart on the monthly team Entry area: red price.. Final target: green price Step targets are marked on the chart. Green bands.. Waiting for the result..Shortby mehdielahian226
GPBJPY TRENDLINE BREAKOUT SELLHere on GBPJPY price has broken the trendline after a series of bouce on support area this show there is likely to have have a huge move down sice the previous trend was not healthy enough. So the target profits should be at the previous support level of the first and the second previous support for another take profit. Shortby FrankFx142
GBPJPY → The Yen continues to weaken. Target 197.0FX:GBPJPY is testing trend support, but buyers are keeping the price away from risk zones. The currency pair is returning to the bullish zone relative to 193.5, which generally opens up the market to 195.0-197.0 upside potential On W1, the currency pair after a false breakdown of global resistance is moving back to 195.844, which generally tells us about the strength of buyers. Interventions by the central bank of Japan played a short-term role and the news leverage has exhausted itself. Traders continue to put on short positions and still sell the national currency, which in general only strengthens the pound against the yen. Consolidation above 193.5 confirms the bulls' intentions to continue the growth. Resistance levels: 194.15, 195.56, 197.38. Support levels: 193.54, 193.0 A retest of the local resistance at 194.15 is being formed. A breakdown and consolidation above this level will cause further growth towards the previously mentioned targets. Regards R. Linda!Longby RLindaUpdated 5559
GBPJPY H4 | Bearish Drop?Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 199.61, which is a multi-swing high resistance. Our take profit will be at 197.96, a pullback support level. The stop loss will be placed at 200.56, which is a swing-high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Shortby FXCM119
lookingn for retracementif price drops back down, im looking to enter a long around here, but im expecting it to hard pump, if no pump or any rejection, i'll close it. Longby FormedzeusUpdated 1
GBPJPY EVERYDAY TRADE SETUP Dear All, This my idea for sell once sell candle Confirm then only i go short this is my ideas only. what you flow your trading statistics you can continue. you need more my ideas flow meShortby TradsTrendTacticsUpdated 8
📉⚡ *Heads Up Investors! GBPJPY Rally Watch!* ⚡📉🔥 Attention traders! 💎 GBPJPY is soaring, shattering benchmarks with elegance! ⚡ Here’s the update: 🔎 GBPJPY Analysis: 📈 Locked in an intense battle between 200.250 and 200.414. 🧐 Is a breakout imminent? 📉 Bearish Scenario: ⏬ Stay cautious for potential drops if it falls below the range! 🎯 Targets: 200.050, 199.995. 📈 Bullish Scenario: ⏫ Watch for buying signals if it climbs above! 🎯 Targets: 200.540, 200.550. 💡 Join the Conversation: 🗨️ Share your insights as we navigate this sterling journey! 📢 Let’s achieve new milestones together! 🚀by hanalyeeforex1
possibility of uptrend If the price can cross the resistance range, it will be possible to continue the upward trend up to the specified resistance levels. Otherwise, the corrective process up to support levels will be possibleby STPFOREX1