buys GBPJPYGBPJPY is on downtrend but am seeing a strong buying zone at 190.206 area. just to be safe and get better buys once we hit 190.206,we take our buys towards 193.955Longby josephazran228
GBP/JPY The Next Possible MoveThe GBP/JPY has recently reached a key support area, coinciding with the completion of a Bat pattern. If the currency pair is able to break through the current supply zone (almost 190.5) , we anticipate a potential rise in prices. Longby Masoud4025
GBPJPYIn this GBP/JPY daily chart, a strong resistance is highlighted around the red-marked area, located around 197.480. Price action has shown a consolidation range, with a potential downtrend developing. The recent bearish candlestick indicates a possible rejection of the resistance, suggesting that we could see a pullback to lower levels. There is a significant demand area near 180.711 (green area), which could attract buyers and provide support for the pair if the downtrend persists. The supply area marked in red also acts as a potential liquidation point for long positions. The red arrow in the chart indicates the possible price action predicted by the trader. The price could move towards the Order Block (OB), which represents a Fair Value Gap, located around the red-marked zone. This level acts as a supply area, and the price could rise up to fill the gap, attracting sellers and subsequently pushing the price down. In this context, the price is expected to rebound towards the Fair Value Gap before continuing its decline. This movement would trigger a short order, as the trader anticipates a significant pullback from this resistance to reach lower levels, like the green area that acts as a strong support around 180.711. This type of trade requires detailed price action analysis and proper risk management to take advantage of the expected pullback from the OB.Shortby MartellFxTrader113
GBPJPY - Potential Sell!Hello, GBPJPY - Potential Sell! for when the market reopens, becareful with this trade as any other trades and try to find a good entry.Shortby ATRFinder2211
PROJECTION hopefully if we can move from this level because we have a drop hard from 200.oo psy level so i am excepting it to move up a little Longby Megaben231110
GBP/JPY 4h longer term buy ideaHigher supports forming across multiple time frames and the trend is to the upside Buys make more sense in this situation Longby wilsonkfxUpdated 2
GBPJPY MONTHLY STRUCTURE OHLC (SELL SETUP) TP [@191.000]GBPJPY on the daily timeframe shows a confirmed OHLC (OPEN HIGH LOW CLOSE) SELL Setup within the Monthly structure. TDI has indicated a bearish cross, suggesting the presence of sellers in the market. My target is set at 191.000 (Monthly Open). I advise patience in awaiting a sell signal to validate the selling momentum in smaller timeframes. LIKE , SHARE, LEAVE A COMMENT :)Shortby ezeepipsUpdated 5
GBP-JPY Potential Long! Buy! Hello,Traders! GBP-JPY is about to Retest the rising support And we are locally bullish Biased so we will be Expecting a local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals228
✅GBP_JPY GROWTH AHEAD|LONG🚀 ✅GBP_JPY is trading in an uptrend Along the rising support line Which makes me bullish biased And the pair is already making A bullish rebound from the support So a further move up is expected With the target of retesting the level above at 192.76 LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx226
GBP/JPYsell opportunity at the price level of 191.80. This suggests a bearish outlook for the pair in the short term. Traders may consider setting multiple take-profit levels to capitalize on potential downward movement, with targets at 191.00, 190.50, and 190.00 respectively. These levels offer strategic points to lock in profits as the pair declines. Additionally, it's essential to manage risk by placing a stop-loss order at 192.70 to limit potential losses in case the market moves against the trade. By carefully managing entry and exit points, traders can maximize their potential returns while minimizing risk exposure in the volatile forex market.Shortby FOREX_trade_01136
GBPJPY- Previous Day candle closed bearish . If we are looking for buys we will take on until daily resistance formed on 21 July 05 - If we are looking for sells we take on until 26th march 24 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 5-8% 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 , always use B.E dont not re-enter new trade.by Mbugua-KeUpdated 1
GBPJPY Analysis (3rd May 2024) GBPJPY Analysis Currently on the 15 minute timeframe, price is still respecting the 15 minute bullish OB. If price decides to go bullish and break 192.555 with a body candle close, Longs are more likely to play out. I would like to see retest of that level before continuing to look for buys. On the flipside, if price breaks the 15 minute OB with a body candle close, i will be waiting for a retest to continue lower. Confirmations of 5 minute FVG and OB will be needed in order for me to take sells.by CallistoFX1
KOH - GBPJPYQuick post from us on GJ! We have a higher target on this but it's potentially where this move terminates. So, we'll be looking at the level above for a RIP, if we get it, we'll short. As always, trade safe. KOG by KnightsofGoldUpdated 4433
Minor rebound after strong pullback?GBP/JPY has just bounced off the pivot. Could this FX pair potentially climb higher towards the 1st resistance? Pivot: 191.80 1st Support: 190.17 1st Resistance: 193.38 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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. IC Markets 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.Longby ICmarkets4
Uptrend If the price fluctuates above the green support range, it is expected that the beginning of the upward trend will be formed according to the specified paths. By crossing the red support zone, the bullish scenario will be invalidated Longby STPFOREX119
GBPJPY: Japanese Yen increased, USD JPY exchange rate hit a 3-weThe Japanese yen steadied on Friday, with USDJPY hitting a three-week low after a sharp drop this week that traders largely attributed to government intervention.Longby Chart_MasterProUpdated 2
GBPJPY Buy setupGBPJPY is at its main demand and again created a SCOB , and GBPJPY is always a good for long setups. You can take very small risk. Longby FineTrader786111
What does it take to be a SUCCESSFUL TRADER?Hi everyone, I felt compelled to create this short video on what I think it takes to be a successful trader. I've separated it into 4 factors: 1. Passion 2. Discipline 3. Perseverance 4. Patience From my experience, these are the core things that you need to keep going until you find successful. Strategies should be the LEAST of your concern. I always say that to be a successful trader, you have to BE that person! You have to transform the person you are now into the person you vision yourself being. If you can do that, you got it baby. - R2FEducation08:55by Road_2_Funded3
GBPJPY bearishGBPJBY made a cup pattern. It seems like bearish due to continuous making lower lows and lower highsShortby Saad_Amjid1
Shorts on GJbased on my strategy there will be another drop for GJ soon specially if closed below 196.863 (1hr) Heikin Ashi candle .Shortby rekoo20Updated 7
💷GBPJPY💴 Weekly 04/22/2024💷GBPJPY💴 Weekly 04/22/2024 Weekly High: 197.923 Weekly Low: 190.317 Chart Pattern: Ascending Channel 💎Buy GBPJPY @ 190.5 - 190.3💎 Monday 04/22/2024 09:30 AM EST 189.9 StopLoss —> 190.55 BreakEven+ 💎Buy GBPJPY @ 192.6 - 192.4💎 Wednesday 04/24/2024 04:30 AM EST 192.0 StopLoss —> 192.65 BreakEven+ Richard Eyo ~ The Wizard 🧙♂️Longby richardeyo90002
Short on GBPJPY - Signals for U-turnLong-term target based on the latest BoJ interest rate hike and signs of a positive outlook for Japan's economy. Technically the pair is scraping around .618 FIBO level which is 195ish - there's still some room to hit the level. 1st target = 170 (0.382 FIB) 2nd target = 160 (156-157 - resistance/support of the past price action).Shortby AATONYUpdated 5511
GBP/JPY Falls Towards 50-Day SMAGBP/JPY falls toward the 50-Day SMA (191.59) after registering a fresh yearly high (200.55) at the start of the week. GBP/JPY Outlook The opening range for May is in focus for GBP/JPY as it marks the largest two-day decline since December 2022, and failure to hold above the moving average may lead to a test of the April low (190.00) as the Relative Strength Index (RSI) falls to its lowest level since March. Failure to defend the April low (190.00) may push GBP/JPY towards the former-resistance zone around the November 2015 high (188.81), but the exchange rate may respond to the positive slope in the moving average if it continues to hold above the weekly low (191.80). Need a close above the 192.40 (50% Fibonacci extension) to 193.50 (38.2% Fibonacci extension) zone to bring the 195.28 (August 2015 high) to 195.89 (June 2015 high) area back on the radar, with the next region of interest coming in around 197.42 (September 2008 high). --- Written by David Song, Strategist at FOREX.comby FOREXcom4