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
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 GuardianFX3
GBPJPY : BULLISH upto 201.2 Levels🎯🎯🎯 GBPJPY BUY @200.35❗️ Sl: 200.1 (25 unit pips risk), Tp1 : 201.20 (85 unit pip target). GBPJPY Buy Limit @200.25❗️ Sl: 200 (25 unit pips risk), Tp1 : 201.2 (95 unit pip target).Long01:32by tripplepips0
GBPJPY : BULLISH upto 201.2 Levels🎯🎯🎯 GBPJPY BUY @200.35❗️ Sl: 200.1 (25 unit pips risk), Tp1 : 201.20 (85 unit pip target). GBPJPY Buy Limit @200.25❗️ Sl: 200 (25 unit pips risk), Tp1 : 201.2 (95 unit pip target).by tripplepips0
check the trend It is expected that after some fluctuation and correction, the continuation of the upward trend will be formed and it will advance to the specified resistance levels. If the price cannot stabilize above the previous ceiling range, the possibility of a corrective process up to the specified support levels will be possibleby STPFOREX0
ALERT: Correction To 195 Imminent??The guppy has been steadily rising for the past 18 trading days after a significant drop due to likely BOJ intervention. So, what’s next? In my opinion, this pair is highly overbought across all time frames. A correction seems imminent. If you look at the daily chart, the steep and prolonged uptrend suggests a significant drop is likely. The 4-hour chart provides an even clearer picture of this steady climb. In trading, such prolonged upward movements often precede a drop. Today, I entered a position at 200.60. My first target is a move down towards 195, with the potential for a deeper correction to 193 or lower. Long-term, this pair is very bullish. The 190 to 193 area could be a good entry point for long-term buyers, aiming for a move towards the monthly SELL/SUPPLY zone starting at 211. However, if the price breaks below 190, it could trigger a larger sell-off as large traders take profits. For now, a short-term sell seems appropriate given the current extreme overbought conditions. Let me know your thoughts in the comment section belowShortby TheFxAce121217
GBP/JPY Pushes Above April HighGBP/JPY pushes above the April high (200.55) to register a fresh yearly high (200.65). GBP/JPY Outlook The three-day rally in GBP/JPY has pushed the Relative Strength Index (RSI) above 70 for the second time this year, and the overbought reading in the oscillator is likely to be accompanied by a further advance in the exchange rate like the price action from last month. A close above the 199.80 (61.8% Fibonacci retracement) to 200.50 (78.6% Fibonacci extension) region may push GBP/JPY towards the 202.00 (23.6% Fibonacci extension) to 202.40 (50% Fibonacci extension) zone, with the next area of interest coming in around 204.90 (61.8% Fibonacci extension). However, failure to extend the recent series of higher highs and lows may pull the RSI back from overbought territory, and lack of momentum to hold above the 199.80 (61.8% Fibonacci retracement) to 200.50 (78.6% Fibonacci extension) region may push GBP/JPY back towards the 195.70 (61.8% Fibonacci extension) to 196.60 (23.6% Fibonacci extension) area. --- Written by David Song, Strategist at FOREX.com by FOREXcom4
GBPJPY Longs: Classic Mean Reversion - Fear Based TradingThe Japanese Yen is currently exhibiting weakness in the forex market, particularly highlighted by its recent 4.5% decline against the British Pound (GBPJPY). This decline follows the Bank of Japan's (BOJ) intervention efforts. While such sharp movements may evoke fear among traders, it's essential to recognize historical patterns. The BOJ's interventions have historically demonstrated short-term impacts, often followed by reversals. Traders should bear in mind that currencies like the British Pound (GBP), Euro (EUR), and US Dollar (USD) typically rally against the Japanese Yen (JPY) in response to such interventions. Understanding these historical trends can help traders navigate market fluctuations and make informed decisions amidst short-term volatility. The best way to navigate this trade would be to start small and add onto your positions as price rallies. Longby TheForexMessiahUpdated 7
interestingI am looking for some support around this entry then I'm going to longLongby FormedzeusUpdated 447
GBPJPY LONGForgot to publish this two days ago when i entered in the trade. But still in and still up. If you come across this coodles to youLongby Phiwayinkosi26Updated 0
GBPJPY market structure at 4-hour time frame4H is swing bullish => current is pullback dow We buy in this OB order blockby quangcttnUpdated 6
GBPJPYPair : GBPJPY ( British Pound / Japanese Yen ) Description : Double Top as an Corrective Pattern in Short Time Frame Break of Structure RSI - Divergence Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves Resistance Levelby ForexDetective13
GBPJPY BUY NOW!!!!!GBPJPY made another price rejections from the sell side liquidity with an engulfing bullish candle confirmations am going in on a buy from this zone with tp 202.000 JOIN AND ENJOY......Longby CAPTAINFX20
GBPJPY near the current highest point of this year#GBPJPY EASYMARKETS:GBPJPY Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party. 05:37by easyMarkets1
GBP/JPY BEARS ARE STRONG HERE|SHORT Hello,Friends! GBP/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 195.147 area. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals2216
GBPJPY 1H Long Trade - 1:3 RRRRRR: 1:3 SL: 198.313 TP: 202.500 In this trading strategy, I present a compelling opportunity for a long position on the GBPJPY currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim to achieve a favorable risk-to-reward ratio of 1:3. Indicators: EMA200: The EMA200 serves as a critical indicator of the long-term trend direction. MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend. Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.Longby panjikadarUpdated 111
📉⚡ *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 hanalyeeforex3
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 Top of Channel Up sell signal.The GBPJPY pair gave us a solid short-term buy signal last time we looked into it (April 16, see chart below) and easily hit our Target: The prevailing Channel Up has a clear sell signal on its top, which the price is approaching on the current Bullish Leg since the rebound on the 1D MA50 (blue trend-line). The 1D MACD sequence is the same as the first Bullish Leg that started on January 02 2024, that time on the 1D MA200 (orange trend-line). That Leg pulled back to the 0.382 Fibonacci retracement level after it got rejected at the top. As a result, we will wait to sell at the top of the Channel Up again and target 198.500 (Fibonacci 0.382). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShot1111
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
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
GBPJPY BUY NOW!!!!!!!!GBPJPY is having a strong support zone at 199.726 now the price is trying to reject from that level getting ready to create a new highs am going in on a long from this zone with tp 202.000 JOIN AND ENJOY.........Longby CAPTAINFX23
Above 190 a buy 191 taken over again opened the larger view of 195_196_197 . We can expect liquidity to be grabbed if not stable above 190.94/191. Entry 191.288_191.35/500 Sl 30 LSE:BUT I wont do that its just a important level188/187.2 I see it going higher on take profit from most buyers unless news will.be the thee main driver of the trend reversal since 140Longby GCGoldenCircleUpdated 222