GBP/JPY LongPrice pulled back to the .75% fib I expect price go back up as you can see price is still respecting my Support and the Yen is sill weak Longby colemanantwan69225
gbpjpygot gbpjpy as a short due to prices making lower highs and lower lows. Looking to capitalize on day trade hopfully. Aim is to make min 1:3 RR or min 10-20 pips. Price made a 30 min supply zone which i refined on the 15 min and am taking a trade off. Looking for price to start moving during the london/ny session.Shortby chiefcapitalfxUpdated 2
Bearish reversalGBPJPY is rising toward the pivot point that lines up with the 161.8% Fibonacci extension and 61.8% Fibonacci retracement and could potentially fall to a support level. Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 192.14 Support: 191.24 Resistance: 193.39 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 223
GBPJPY - pullback and new retest of resistance ?On my previous analysis me predicted grow of this pair, now we see price made some pullback after getting bullish momentum. I am still expecting retest of resistance and may be also break of resistance to new higher highs!Longby traderstube4
GBPJPY 226 Pips05.04.2024 The weekly timeframe doesn't appear strong, but I follow the overall trend. Trading with the higher timeframe trend alone can increase your win rate. On the daily timeframe, we observed daily liq. low and a rejection of the daily vwap with strong momentum. Therefore, I believe the uptrend will continue, as there are no signs of bearish pressure. Passive entry moduleLongby flouw3433Updated 0
GBPJPY selling opportunity more falling in short entry GBPJPY opportunities going forward and therefore I like the idea of looking for value every time I can With this being the case I do believe that we eventually go looking back to the upsides and then try to get to the Longby Fx_Oliviaa1
Buy idea :)Just a hypothetical idea and ideology working with probability Longby Dretrades2024Updated 4
GBPJPY Analysis (5th April 2024) GBPJPY Analysis On the 4 hour timeframe, price has created a Bullish Change of Character after testing the daily bullish Golden Fib level. This tells us that price action is actually bullish. However, overnight price action created a huge pullback which coincides with a 4 hour bullish breaker block. On the 1 hour timeframe, We can identify a 1 hour orderblock that created the bullish move we had earlier on the week and it has yet to be tested. Ideally what i want to see price do is come and test the 1 hour Bullish orderblock before creating a 15 minute change of character for me to look for potential buys on this pair, targets we will be aiming at will be the relative equal highs at 192.227. Longby CallistoFX5
GBP/JPY Continues to Hold Above 50-Day SMAGBP/JPY pulls back from a fresh weekly high (192.25), but the exchange rate may track the positive slope in the 50-Day SMA (189.66) as it continues to hold above the moving average. GBP/JPY Outlook GBP/JPY carves a series of higher highs and lows as it extends the advance from the weekly low (190.05), with a break/close above the 192.40 (50% Fibonacci extension) to 193.50 (38.2% Fibonacci extension) region opening up the 195.28 (August 2015 high) to 195.70 (61.8% Fibonacci extension) area. However, lack of momentum to test the March high (193.54) may keep GBP/JPY within a defined range, with a breach below the weekly low (190.05) raising the scope for a test of the moving average. Failure to hold above the indicator may push GBP/JPY towards 189.00 (38.2% Fibonacci extension), with the next area of interest coming in around the March low (187.97). --- Written by David Song, Strategist at FOREX.com by FOREXcom5
GBPJPY - Only bullish price action ✅Hello traders! ‼️ This is my perspective on GBPJPY. Technical analysis: As we can see from PS below price respected my previous analysis and rejected from that zone after filling the imbalance. For those who missed the entry, can wait for a retracement price to fill the imbalance and then to reject from institutional big figure 191.000. Like, comment and subscribe to be in touch with my content! Longby Snick3rSD12
GBPJPY 1H Long Trade - RRR 1:3TP: 193.420 SL: 191.620 In this trading strategy, we 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. A rising EMA200 indicates a bullish bias in the overall trend, providing confirmation for potential long positions. MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend. A bullish crossover (when the MACD line crosses above the signal line) or divergence from the price action signals potential upward momentum, aligning with our long position strategy. Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend. When the Supertrend line changes its color from red to green, it signals a shift from bearish to bullish sentiment, presenting a potential entry signal for long positions.Longby panjikadar1
GBPJPY SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify anyShortby akmalsabran903
GBPJPY - WEEK 14Long active. Seeing a very bullish GBJPY and to me there's more room left to the upside.Longby HB-Forex_0
GBPJPY; How To Swing Trade At Forex Market HighsHey Traders, The GBPJPY has risen for years on negative stimulus from the BOJ. Now, we are seeing historic highs and price action areas to contend with. Sentiment and technical aspects are very useful in identifying ideal areas. This case is no different.Short05:02by WillSebastianUpdated 229
GBPJPY to find support at previous resistance?GBPJPY - 24h expiry The primary trend remains bullish. A lower correction is expected. Previous resistance level of 191.55 broken. Bespoke support is located at 191.35. Preferred trade is to buy on dips. We look to Buy at 191.35 (stop at 190.85) Our profit targets will be 192.55 and 192.85 Resistance: 192.35 / 193.00 / 193.50 Support: 191.35 / 190.85 / 190.25 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.Longby OANDA4
GBPJPY LONG PROJECTIONGj has filled it first imbalance, using the fib retracement for confluence from the swing high to the swing low it is going to be bullish. We have our bos , liquiity..is a 1:5 RR trade. Longby Silveryekerete2
GJWe did well and got both our trades hit our exit point. Now rinse and repeat DAILY Broke through a resistance level and started creating new highs, plus our ascend was very impulsive and engulfed the bears in the market. Indicating we are pushing up and fighting bears now. 4H 191.24, the support price I will believe will give us further signs to look for longs in the market. 1H Broke 191.24, retested 191.80 and kept going. Now it's slowed down at 192.20 so we stay patient and wait for the trade to come to us. 15Min Next candle closes bearish engulfing and we will have some sort of bear run, just the length of the run we won't know exactly (remember we are in a full bull run, Daily structure) by Mhangwane10
GBPJPY: Bullish Trend Continues 🇬🇧🇯🇵 I see a confirmed daily structure violation on GBPJPY, after quite a long accumulation within a horizontal range. We can expect more growth now. Next resistance - 193.37 ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader226
LongBuy now and take profits at 276 fib level orange line on. Top where it last sold 🤔 However if price closes under green lines ot sits on wait for pullback to those same green lines and sell back to the last floor Longby SETITAND4GETIT0
GBPJPY- Previous Day candle closed bullish. If we are looking for buys we will take on until daily resistance formed on 02 feb 04 - If we are looking for sells we take on until 13th aug 03 daily resistance. - Wait for 1 hour candle to close above or below zone to enter trade. - We risk 3-10% of our capital. Close trades once price reverses to opposite direction and 1 hour candle closes below/above order Block. - After hitting TP 1, always use B.E don't not re-enter new trade.by Mbugua-KeUpdated 2
GBPJPY → Correction on the background of a bullish trend FX:GBPJPY forms a false break of trend resistance, after which the market enters the correction phase. The technical event coincides with the fundamental one - the Central Bank starts to regulate the currency policy of Japan more strictly. Even against the background of rising interest rates in Japan, traders are still bearish. The currency pair as a whole is declining on the background of the pound sterling falling while the dollar is growing, but the Japanese Yen is standing still, but the candlestick setup on D1 hints at the soon beginning of the fall, which can strengthen the currency pair. A retest of the trend support or one of the strong levels before further growth is possible. Resistance levels: 190.5, 191.32 Support levels: 189.69, 188.82 Technically, the bullish trend may continue after the correction ends. The area of 189.7 - 188.82 may again have a bullish influence on the currency pair. Regards R. Linda!Longby RLindaUpdated 4425
GBPJPY Analysis (4th April 2024) Market Analysis PT1/2 (4th April 2024) GBPJPY Analysis On the Daily Timeframe Price has broken out extremely bullish with a nice daily candle body close above the most recent lower high that can be located on the Daily Timeframe. In the process on taking out the daily structural high, price has created an extremely bullish FVG for price to come and retest before going higher. Most likely, London will complete the retracement and proper price action should start to form to created a bullish Change of Character on the 5 minute or 15 minute timeframe. Longby CallistoFX3