GBPJPY longs Daily timeframe has clear uptrend Price currently ranging near moving averages Buy stops at 191.253 Sl at 190.760 or little lower to account for spreads Tp 193.517 Longby OriginalKhalidhere111
Hidden supplyWe are starting to sell toward the 188.038 level, and since this level cause break of structure a lot of traders will be buying from here putting their stops just below the level( using the smart money concept). But just below this level we have unfilled orders or true demand, the caught traders will allow the unfilled orders to be filled.. for now we sell towards 187.298 areaShortby Realistic_trading4
GBPJPY APRIL 2024 WEEK 1 OUTLOOK - Daily - looks promising to either side. if it holds above **191.213 - 190.515** then we are long biased, if below then we are short biased. depends on how it closes today. Origin - same deal here as daily. if price closes below **191.000** we are short biased and if it pushes up and holds above **191.175** then we can look for longs. need the daily zone to get cleared before I can get involved. as long as price is inside that zone, I won't get involved. COT is favoring longs here and historically, in last 13 years price closes the week green most of the time. by Osiris9921
I trade supply and demand GBPJPYBased on my weekly bias I will be looking for short positions pick your entries on 15m,30m TFShortby KINGsREPUBLIQUE0
GBPJPY Pivot 191.000GBPJPY Pivot 191.000 - If the price is higher than the pivot, Long target TP1 at 191.630, TP2 at 192.150, cut loss if the price is lower than the pivot. - If the price is lower than the pivot, short target TP1 at 190.580, TP2 at 190.060, cut loss if the price is higher than the pivot. ***Please money management*** by tanapol261
BUY TRADE SETUP ON GBPJPYHey Traders, Check out this technical analysis on GBPJPY; it appears to be undergoing a small pullback, potentially indicating a bullish momentum continuation. However, I would recommend waiting for a proper retest of the broken key level before considering a buy-trade entry. Alternatively, there may be an opportunity for a sell trade if the market breaches the evident support area. Keep a close eye on this. Longby Adefxc2
$GBPJP4H Time Frame Trade Idea for the Week 4/1/2024 TO 4/5/2024OANDA:GBPJPY 4H Time Frame Trade Idea for the Week 4/1/2024 TO 4/5/2024 Longby N934rex8
GBPJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)Shortby ShahedZare4
GBPJPY IS PRINTING DOUBLE BOTTOM ON 1HGBPJPY is printing double bottom with bullish divergence on 1H time frame which is indicating reversal so my Entry point is 191.242 Stop Loss is 190.563 and Take profit is 191.926 which is 1:1 Longby rizwanahmed06030
GBPJPY Trade idea from a six figure funded traderGBPJPY ranged for the whole of last week, ranging between 2 prices. We have an area down here where we see 2 days/2daily candles which had 2 releases of high impact GBP news. Following these 2 days we see price start to creep up before JPY news came out and cause the break in structure. We can see we have an uptrend at the moment and GBPJPY is at an all time high so could this run continue? Longby Theintuitontrader0
LongHey, just starting to mark up charts so any and all feedback help. this is by no means a signal just my thoughts on the charts, lets see how this plays outLongby kylesears1
GBPJPYThere appears to be no reason to refrain from pursuing a short position, assuming the price action aligns accordingly. This scenario has the potential to evolve into a substantial range. At the very least, I anticipate considerable resistance in this area, and that is without even considering the bearish pressure on the monthly candle. If the price breaks through and closes above this zone, it opens us up for the 213.50 area. Please consider the timeframeby TechknowLobster0
GBPJPY Trend Analysis Week of April 1stWeekly= Bullish. Daily= Bullish. 4H= Bullish. Price currently rejecting 50% Daily Fib. As long as 4h maintains structure we are still good for buys. If 4h shift's structure wait for confirmation of buys again. Only looking for buys this week.Longby JasonFosterII0
GBP-JPY - BULLISHGBP-JPY - BULLISH Our ascending triangle was broken above, and now the previously resistance zone is confirmed as support zone.Longby sfc953
Short (Bearish Bias) I've been charting with a new strategy, that I've been enjoying to see the results of my hypothetical trades. Due to manipulation, it may vary slightly but I do believe the trend is bearish and I do see some more down side potential :)Shortby Dretrades2024Updated 3
buy and sell limetWhen he breaks the specified areas as shown in the chart, it is assumed that he will continue his way towards the goalsby zohertech0
GBPJPYQuick one on GBPJPY Buys expectation -- expecting price to break and close above $191.154 target will be $191.604 for buys above $191.604 if there's a candle closing.. target will be $191.947 -- Sell expectation -- for sell i'm expecting price to print below $190.703 and close then my sells will be executed for a target of $190.399 area... for sells below 190.399 if there's a candle closing.. target will be $189.769.by Movementfield2
GBPJPYPotential Buy or sell move on GJ price rejecting support we can aim for some bullish moves toward the upside if price doesn't clear support. Pay attention to our technical analysis & where we mark out.by AFFINITY_MARKETS221
GBP/JPY Holds Steady Amid Easter Break, Eyes Bearish ContinuatioAs the financial markets took a pause for the Easter holiday, the GBP/JPY pair maintained stability around the 191.00 level on Friday, showing minimal movement. Meanwhile, Federal Reserve Chair Jerome Powell made statements emphasizing the adaptability of monetary policy to various economic scenarios. Technically, the price experienced a reversal near 193.500, as anticipated in our previous analysis, leading to a decline of nearly 200 points. Currently, the pair is consolidating within a range, forming a triangle pattern that appeals to enthusiasts of technical analysis. Our analysis indicates a bearish continuation for the GBP/JPY pair, considering its correlation with the GBP/USD, which is currently in a bearish trend on the H4 and lower timeframes. For further details, you can refer to our previous analysis of GBP/JPY by following the provided link. Shortby FOREXN11113
GBPJPY: TECHNICAL ANALYSIS.Hello traders, Wave 5 has probably ended at 193.538 zone. ABC Correction is aimed at getting to 187.700 zone. Thanks.Shortby MASTERPIECE100
GBP/JPY now at the current price of 190.924Consider buying GBP/JPY now at the current price of 190.924, with an entry point set at the same level. We're targeting multiple take-profit levels: 192.00, 192.50, and 193.00. To manage risk, set a stop loss at 189.80. This trade is confirmed, but it's crucial to implement proper risk management strategies. Don't miss out on this opportunity!"Longby FOREX_trade_01Updated 33146
GBP/JPY Awaiting Launch: Ascending Triangle Breakout?Daily Chart Perspective: On the daily canvas, OANDA:GBPJPY GBP/JPY is painting an interesting picture. The pair has formed an ascending triangle, a bullish continuation pattern, with its upper resistance at 193.538. A series of Fair Value Gaps (FVGs) above the resistance add fuel to the bullish bias, suggesting an upward breakout could be imminent. 4-Hour Chart Clues: The 4-hour timeframe reveals price action compressing within the triangle, with the 0.75 Fibonacci retracement level at 190.540 serving as a robust support platform. This level has repeatedly been tested, proving its significance and potential as a springboard for the next big move. Trade Idea: Entry Point: An aggressive approach would be to enter near the 0.75 Fib level, anticipating the breakout. A conservative strategy might wait for a clear break and retest of the 193.538 level. Stop Loss: We'll position our stop loss just below the triangle's lower trend line around 189.540 to protect against false breakouts. Take Profit: Should the breakout materialize, we'll aim for the first FVG target around 195.000, with room to run higher into the uncharted territory outlined by subsequent FVGs. The confluence of ascending support and the consolidating price suggests GBP/JPY is gearing up for a significant move. We're monitoring this setup closely for confirmation of direction, ready to capitalize on the triangle's textbook resolution.Longby Shyx922
GBPJPY - WEEK 14My short swing trade setup on GBPJPY. Aligns perfectly with the 50% wick of the weekly pin bar. Got a limit for this one. Targeting the volume level of the 4H cluster as a first target. Shortby HB-Forex_113