GBP/JPYthis is my idea ok i hope my idea to be right and i am happy to help you if you want more idea like this just give me a like and commentLongby yourk7901
GBPJPY LONGSThis is my predictions for gj. I think its a good time to go for longs. the writer doesn't think the Japanese banks have enough buying power to make gj go for crazy shorts. Longby mohameddmo30
GBPJPY Slide ShowThis would be the next slide of the GBPJPY Journey which started with a simple Mind posted, evolving into the next idea with the next steps. The previous 2 snapshots provided a very clear bias (the short followed by the long), but now I find myself in the situation where I am looking for 2 potential scenarios which I would consider to be intriguing if the price ever reaches these zones. First setup of interest would be if the price encounters some resistance, at or above the white, or in the darker blue, followed by a drop towards the cyan. This level right here would be of interest for me and I would take a long closer look at the price action and any potential hints that the bulls might be ready to get in it and push it again higher. The Mother of all scary scenarios as I see it, is if the price reaches the Big Red (with blue) Arc lurking above. This zone would be of a Bigger Potential Impact on the market if my estimations are closer to being accurate. Could this be a BOJ intervention zone? Maybe. So I don't know if patience would be required in this area where things can go very volatile and crazy really fast, but let's take it step by step and see if we even reach that area. All rectangles are projected potential support/resistance or influence zones where interesting price action might occur or even reversals if not consolidations and breaks. by nenUpdated 7
Decoding the BoJ's Role: Impact on GBP/JPY ReversalThe GBP/JPY experienced a notable turnaround at the 200.500 level following reports indicating potential direct intervention by the Bank of Japan (BoJ) in the foreign exchange (FX) markets. This intervention, suspected to have occurred twice within a two-day span earlier this week, aimed to bolster the beleaguered Japanese Yen (JPY). Disclosure reports from the BoJ revealed a significant overspending on uncategorized financing operations, amounting to approximately 9 trillion Yen. This substantial deviation from expected financial activities strongly suggests the likelihood of direct market intervention in support of the Yen. However, official statements confirming or denying such actions have yet to be issued. Our analysis anticipates a retesting of the aforementioned price zone, followed by a continuation of bearish momentum in the GBP/JPY. Shortby FOREXN1Updated 229
Price compressed toward supplyIn the H1 chart of the GBP/JPY, we observe that the price has moved upward in a compressed manner, indicating buyer weakness. Above the current level, there is a significant supply zone, which appears to be an ideal point for initiating a sell position upon the first contact with the price. The longer it takes for the price to reach this supply zone, the better the opportunity may become.Shortby CityTradersImperium_CTI114
GBP/JPY LONG LET SEETraders are closely monitoring the GBP/JPY pair, eyeing a potential buy opportunity as it approaches the buy zone at 194.70. This level signifies a significant support zone where buyers are expected to enter the market with increased activity, potentially driving GBP/JPY prices higher. Traders view this buy zone as an optimal entry point to capitalize on potential bullish movements in the currency pair. Aligned with their technical analysis, traders have set a target price of 197.00 for their buy positions. This target level serves as a strategic objective, indicating a substantial upward move from the identified buy zone. As the price approaches this target, buyers anticipate heightened buying interest, potentially propelling GBP/JPY prices towards the desired level. The identified buy zone at 194.70 acts as a critical reference point for traders, guiding their entry and exit decisions based on market dynamics and price action. By closely monitoring price movements within this zone, traders aim to optimize their risk-to-reward ratio and enhance the effectiveness of their trading strategies.Longby Leo_Trader01Updated 117
GBPJPY BUY NOW!!!!!!!!!GBPJPY took a bounce from the sell side liquidity and price have already been rejected from that zone with bullish engulfing candle confirmations for buy am taking a buy entry from this zone with tp 201.000 JOIN AND ENJOY Tell us what you think.........?Longby CAPTAINFX25
GBPJPY Outlook for the Day! GBPJPY Outlook for the Day! SLIGHT GAIN TO DROP: Daily candle had closed with bullish candle. I predict price will collect H4 buying breakout zone & H1 support for a buying continuation. Target: We will focus on buying within the zones until we see a selling opportunity within the Daily selling breakout zone & H4 resistance. Action: We start off with the buy since current price will gain. Sell within the Daily selling breakout zone. Always monitor the price action!Shortby ForexGoldkinggg3
The fifth wave remains (in the bullish scenario).Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules. As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy. I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision. For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea. My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace. I express my gratitude for your continued support and kindness, and welcome your comments and critiques. May my analysis be a valuable asset to your business journey, and I remain sincerely yours, Mr. Nobody Longby mehdi47abbasi79226
GBP/JPY LONG LET SEETraders are closely monitoring the GBP/JPY pair, eyeing a potential buy opportunity as it approaches the buy zone at 194.70. This level signifies a significant support zone where buyers are expected to enter the market with increased activity, potentially driving GBP/JPY prices higher. Traders view this buy zone as an optimal entry point to capitalize on potential bullish movements in the currency pair. Aligned with their technical analysis, traders have set a target price of 197.00 for their buy positions. This target level serves as a strategic objective, indicating a substantial upward move from the identified buy zone. As the price approaches this target, buyers anticipate heightened buying interest, potentially propelling GBP/JPY prices towards the desired level. The identified buy zone at 194.70 acts as a critical reference point for traders, guiding their entry and exit decisions based on market dynamics and price action. By closely monitoring price movements within this zone, traders aim to optimize their risk-to-reward ratio and enhance the effectiveness of their trading strategies.Shortby Leo_Trader012
GBP/JPYGBP/JPY is identified at 194.40, suggesting that traders may want to consider initiating a short position at this level, anticipating a downward movement in the currency pair. The take profit levels are set at 193.50, 193.00, and 192.50, indicating key points where traders might consider closing their positions to secure profits as the price declines. These levels are strategically chosen to capitalize on potential downward momentum while minimizing the risk of missing out on profits. Additionally, a stop loss is placed at 195.70 to manage potential losses in case the trade moves unfavorably. Implementing a stop loss is crucial for traders to protect their capital and adhere to sound risk management practices. By following these entry and exit points, traders aim to capitalize on market movements while controlling downside risk, fostering a disciplined and prudent approach to trading.Shortby FOREX_trade_01Updated 33143
GBPJPY - Bullish The market seems to be consolidating but after using patterns and chart analysis I forecast the market being bullish for a Swing Trade. Longby itsonlyQuinton222
GBPJPY starting the wave 5 ?www.tradingview.com Elliott Wave Analysis: GBP/JPY on 8H Chart Wave 1: Initiated at 188.661, marking the start of an impulsive bullish wave. Wave 2: A correction to 178.480, representing a natural retracement after the initial surge. Wave 3: Ascended to 200.398, typically the longest and most robust wave in an Elliott Wave sequence. Wave 4: A minor correction to 191.433, setting the stage for the final leg up. Wave 5: Currently underway, with potential targets at 200.013 or the 1.618 Fibonacci extension level at 208.595. The completion of Wave 5 would mark the end of the current bullish cycle, after which a larger degree correction could be anticipated Longby joestar953
GBPJPY SWING TRADE IDEAI want to see price tap into the Daily SUPPLY ZONE for an ultimate swing to the DEMAND left after the break of structure on the DAILY TF. I'll take my entries ag the change of character on the lower time frameShortby Preciousdavidchisom0
%%%% GBPJPY UNIQUE IDEA %%%%#GBPJPY UPDATE Hey team hope you all are enjoying our ideas and analysis Now we are here to discuss about GBPJPY. GBPJPY is getting a good bounce from this support level. Here we can see gain upto 300Pips+. Keep in touch we will update further soon.Longby Williamforex2
GBPJPY Bullish - May 9 📢 Signal: BUY GBPJPY 📈 Entry Point: 194.511 🔍 TP1: 195.211 🎯 (70 pip TP) TP2: 195.911 🎯 (140 pip TP) TP3: 196.611 🎯 (210 pip TP) SL: 193.811 ⛔️ (70 pip SL) Ensure proper risk management when following signals! 💡 @Mr_Bombastic_SignalLongby mr_bombastic_signal2
GBP/JPY H4 | Heading into 61.8% Fibonacci resistanceGBP/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 195.44 which is a pullback resistance that sits above the 61.8% Fibonacci retracement level. Stop loss is at 197.55 which is a level that sits above a pullback resistance. Take profit is at 191.71 which is a pullback support. 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 FXCM0
GBPJPY TO DROP MOREIm looking for bearish for this pair. Waiting for next BOE Monetary Policy for an impulsive move. Trade at your own risk.Shortby ewtradersbh114
Could price reverse from here?GBP/JPY is rising towards the pivot, which has been identified as a pullback resistance, and could reverse to the 1st support. Pivot: 195.45 1st Support: 191.71 1st Resistance: 197.37 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 ICmarkets119
GJ Mid Week MarkupGJ is in a steady Bullish run after it was smacked to the highest high in quite some time on 4/29, to only fall like bricks at the beginning of the month. Today she opened up bullish and is on a steady run up. As always I have marked a buy and sell with 40 pip SL. Please stick to your trading plan and set proper risks and confirmations. Feel free to widen the SL to your liking. Good luck!! Longby Just_that_Chic1
GBP JPY DAILY LONGBefore starting 2024 market was on a brief expectation of JXY coming back to life and JPY pairs were trading south but things changed entering 2024. GBP JPY showing way more bullish activity than expected above 187.5 area. continuing to get supported and this will result in a hike. final destination is set to be 220 but there are many inner channel resistance levels ahead such as 200 it self. will GBP JPY see higher highs to 220? price action will prove. Longby THE-real-DealUpdated 4
Idea 💡💡💡 for GBPJPY📈 GBPJPY → The Yen continues to weaken. Target 197.0 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. Longby Forexfalcon014
order gbpjpy*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.Longby iminigham111