GBPJPY : The ENDSell when price is HIGH - Buy when price is LOW Good luck. Shortby i_am_siewUpdated 447
GBPJPY UNIQUE IDEA#GBPJPY UPDATE Hey team we are here to update about GBPJPY. GBPJPY has breaked the main Ascending Triangle pattern. And getting here a good volume. We can see gain here upto 300Pips+ soon. Keep in touch we will update further soon.Longby Williamforex1
The GBPJPY in higher trend indicating reversalThe GBPJPY is presently experiencing an upward trend and displaying bearish divergence, signalling a possibility of a reversal in the trend.Shortby aakalu4
check the trend According to the behavior of the price in the current resistance range, possible scenarios have been identified. It is expected that a strong upward trend will be created by crossing the resistance trend lineShortby STPFOREX2
GBPJPYDaily chart: GBPJPY is currently in the 194.762 -194.974 key resistance zone from a technical perspective. If the price does not break the 194.974 level, a bearish pattern will be activated. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!Shortby Serana2324Updated 8830
GBPJPY - Long Trade IdeaI like the long idea here. If the current day can form a Bisi, that would be fantastic. After that I would just be looking price to trade back into the Bisi, into one of the key Breaker levels annotated, at the right time of the day, then STRIKE. The highest-probability target would be the recent high, and the next discretionary target would be my Wick Chair model (out of view), which basically also has some EQHs as well. A runner could be left for even higher prices should both targets be hit. The stoploss is discretionary for a better RR as this is the Daily timeframe. The safest option would be the protected low annotated on the chart. - R2FLongby Road_2_FundedUpdated 4
GBPJPY Trade #06 - LONGAt least for me, GJ clearly looks still bullish. Will catch a piece of the continuation upwards, by entering at this retracement. Exiting early at breakout, for safety. It's too late in the trend to let it runLongby toughaelUpdated 0
GBPJPY: Yen struggles as BOJ faces yield dilemmaThe Japanese yen keeps to stand vast demanding situations because it hit a 34-yr low towards the greenback, with little expectation that the Bank of Japan (BOJ) will improve hobby costs at its meeting. upcoming coverage on Friday. The significant bank, which has no forex mandate, is beneathneath growing strain because the weakening yen influences inflation via way of means of growing the fee of imports. Despite guidelines from BOJ Governor Kazuo Ueda approximately the opportunity of destiny hobby fee hikes, forex markets have in large part unnoticed those signals. In March, the BOJ raised hobby costs for the primary time in 17 years, however the flow did little to reduce the yen`s decline. Traders continue to be targeted at the more potent greenback and the vast yield differential among the USA and Japan. The yen is presently extra stricken by US trade costs and yield differentials. Swami additionally talked about that whilst a complete normalization of BOJ coverage may want to assist enhance the yen, the important thing thing may be the Federal Reserve's actions. Market expectancies for the Federal Reserve have changed, with fewer hobby fee cuts than anticipated this yr because of symptoms and symptoms of chronic US inflation and a lackluster financial recovery. This extrade in outlook indicates that US short-time period hobby costs may want to continue to be above 5.25% for an prolonged period, whilst Japanese short-time period hobby costs are at 0.1%. Even with the 22 foundation factor boom priced in for Japan this yr, it hasn't executed a great deal to shut the gap.Shortby Chart_MasterPro4
GBPJPY wave structure at 4-hour time frameDay is swing bullish 4H is swing bullish => current is pullback dow We buy when the price passes the strong swing peak of the 15-minute time frameby quangcttnUpdated 6
GBPJPY & GBPUSD BOTH ARE IN RACE WILL REACH BUY TARGETThe GBP/JPY pushed into fresh multi-year highs on Thursday as the pair grinds towards the 195.00 handle. The Japanese Yen (JPY) continues to weaken across the broader FX market, prompting increasing rhetoric from the Bank of Japan (BoJ) regarding direct intervention in currency markets to shore up the beleaguered JPY. The BoJ is expected to discuss intervention on the Yen’s behalf at their latest policy meetingLongby Mrsam36113
GBP/JPY Approaches August 2015 HighGBP/JPY approaches the August 2015 high (195.28) as it extends the series of higher highs and lows from earlier this week. GBP/JPY Outlook GBP/JPY trades to a fresh yearly high (194.95) following the failed attempts to close below the 50-Day SMA (190.98), and a further advance in the exchange rate may push the Relative Strength Index (RSI) into overbought territory for the first time this year. A move above 70 in the RSI is likely to be accompanied by a further advance in GBP/JPY like the price action from last year, with a breach above the August 2015 high (195.28) bringing the June 2015 high (195.89) on the radar. Next area of interest comes in around the September 2008 high (197.42), but failure to test the August 2015 high (195.28) may keep the RSI out of overbought territory. Need a break/close below the 192.40 (50% Fibonacci extension) to 193.50 (38.2% Fibonacci extension) region to open up the monthly low (190.00), with the next area of interest coming in around 188.81 (November 2015 high) to 189.00 (38.2% Fibonacci extension). --- Written by David Song, Strategist at FOREX.com by FOREXcom4
GBP/JPY- Double top: - Bearish chart pattern - Two consecutive peaks at similar levels - Trough (retracement) between peaks - Signals potential reversal from uptrend to downtrendShortby B9A-88652-NisarAhmad2
$100k Challenge - GBPJPY Short - E5 T2Hey all! So, we have a new trade for the challenge! Enter: GBPJPY Short 📉. When viewing the H4 chart, we can immediately notice how the market went straight for the H1 resistance area just to be met with a ton of supply, holding the area as relevant, and after a few more bars, we see a strong rejection, with great chances of closing on a strong bearish note (the H4 bar has still about 45 mins when writing this). After seeing that opportunity, I went to the H1 chart to inspect the price behavior around the resistance zone. We see strong signs of a lot of supply entering in the market, printing the last H1 bar on a strong bearish note below the low of the minor consolidation area we had. This gave me the go-ahead to execute the trade, we have the SL above the highest point from the last resistance interaction, and the take profit to the next H4 support zone. Regarding risk and management strategy, I'm playing this trade as a standard one, so 1% total risk, targeting to close half at the support area and managing the second half in case we end up having a long-term bearish movement towards the 188.00 mark. On the fundamentals side we had a major bullish run across all GBP pairs when we saw the news about the UK potentially cutting rates in June, which reflects that inflation seems to be under control in the region, being a net positive for the currency given the current environment. In my opinion, that sentiment from the news release has finished and those initial trades are being closed right now, causing more supply to get in the market, as if big institutions bought, when they exit, they gotta sell! Anyway, I hope everyone enjoyed today's trade idea! Remember to follow me so you don't miss out on the next ones :D Until the next trade! Shortby FernandoBoreaUpdated 8
GBPJPY - Long idea ✅Hello traders! ‼️ This is my perspective on GBPJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. My point of interest is if price continue the retracement to fill the imbalance and then rejects from bullish order block + institutional big figure 193.000. Fundamental news: Tomorrow (GMT +3) we will see result of Interest Rate in Japan, news with high impact on currency, so pay attention in order to validate the analysis. Like, comment and subscribe to be in touch with my content!Longby Snick3rSD11
GBPJPY: Continuing the bullish streakHello everyone, Brian here! Let's take a closer look at GBPJPY today! Currently, this currency pair has maintained a rising trend over the past several days. The price is now orbiting around the 194.800 mark, completing a five-wave Elliott sequence. I expect some adjustments soon, as there are signs that a new peak might be forming, and a retest of the EMA 34 and 89 lines may be necessary. My target area is around 193.200, which aligns with the 0.5 - 0.618 Fibonacci retracement levels. What are your thoughts?by Trader_BrianFXUpdated 3
trying ideatrying this out, going to try push gj, within 1hr to pump. sorry vpn issues, cannot post fast enough, goign to watch within tokyo first hour should pump, if not im closing, if break previous 15m swing high is another entry. can use stop market order then sl maybe 15 pips. just a ideaLongby FormedzeusUpdated 5510
Pound-yen approching pre-Brexit highsThe UK is in a technical recession but sentiment overall on the British economy is cautiously optimistic. Inflation has now dropped lower than in the USA though and most participants expect the Bank of England to start cutting from August. Even if that’s correct, the divergence in policy and carry trading for pound-yen is likely to remain for several more years at least. At the time of writing the most likely window for the next British general election is sometime in autumn. The impression from the chart seems to be more favourable than for dollar-yen: there’s no overbought signal from the slow stochastic and ATR is rising while the price is still above all of the moving averages and momentum has increased in the last few days. The clear target in the next few weeks would be ¥200, but as for other pairs with the yen the BoJ’s upcoming statement is critical for determining whether and when that key psychological area might be reached. Equally, ¥195.85 was June 2015’s high, so it might also be challenging for the price to break through there without a strong driver from news. Compared to USDJPY, the pound’s gains against the yen have been more stable over the last few quarters. In November and December 2023 the retracement was relatively small, with the important long-term support around ¥178 driving a bounce eventually after repeated testing. The main dynamic support in the short term seems to be the 50-day moving average. This is my personal opinion which does not represent the opinion of Exness. This is not a recommendation to trade.by Michael_Stark_Exness2
GBPJPY divergence sell!!Price is at resistance on all major time frame, 4h, daily and weekly Market sentiment is 90% short divergence on the weekly timeframe which give us a much better view of the overall trend stop loss 194.40 which is pivot support for daily time frame Take profits level: 192.825 193.219 193.462 Good luck!! feel free to contact me for any question about my trades.Shortby EleazarahmathUpdated 115
SHORT GJEntered between the 0.61 and 0.5 green lines If we break that blue line where arrow is i expect to flop down to first target at vpoc and last at the val of previous day. lets see how this goesShortby bstarlegendUpdated 3
GBP/JPY : Correction Downwards is ExpectedOpportunity: Sell Entry Point: 194.578 - 194.362 Take Profit: 194.005 Stop Loss: 194.723Shortby sabiotrade3
GBPJPY 1 Hour Trading JournalGBPJPY 1 Hour Trading Journal Price swept the buy stops from March 21 today. Price is delivering to a premium. I anticipate that price will rebalance the 15 M IFVG and gravitate to the 50% equilibrium level for weeks end. I am bull bias over all, and expect price to deliver to my noted buy stops from 2016 and should it decline I am aware of where centurion trade is waiting. Shortby LParnell0
GBPJPY Trading Daily Journal GBPJPY Trading Journal Happy to see that Price took my noted April 20 buy stops liquidity target. Yesterday price ran to the equal buy stops from March 21, likely target to just pass through it. Great delivery! It likely that Price will continue this bull bias as it rebalances the SIBI on HTF. I suspect that it will head to 195 the monthly buy side liquidity is resting.Longby LParnell0
Bearish divergence GBPJPY has reacted off the pivot and could fall to support. However, if price breaks above the pivot, it could continue to rise to the next resistance level close to 127.2% Fibonacci extension additionally, there is bearish divergecne Pivot: 192.37 Support: 191.70 Resistance: 193.37 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. Shortby ICmarketsUpdated 4