British Pound / Japanese Yen

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British Pound / Japanese Yen forum

GBPJPY SMS Full Analysis H1
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GBPJPY What do you think ?
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GBPJPY with this low volume , Two scenerio is possible. we could shoot up to the resistance and look for sells or we could drop and get more liquidity to push up. Here are my buy and sell levels.
May the profits be with you.
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GBPJPY god bless everyone Jesus is king merry CHRISTmas lets make some money
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GBPJPY wish everyone have a good profitable trade and happy holiday for this coming Christmas

GBPJPY Buy opportunity Tp at 198.937
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GBPJPY gbpjpy bullish trend I think my target is to take 300pipis
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As a profitable trader, you’ve already learned that success doesn’t come overnight. it’s built through hard work, patience, and the willingness to adapt. But just as the markets require strategy and discipline, so does your own well-being. This weekend, don’t just focus on the trades you’ve made or the charts ahead; take a moment to honor the progress you’ve achieved.

GBPJPY
GBPJPY 21st December 2024 Weekly Analysis Based on Main Key Levels

Weekly Current Market Price (DCMP): 196.578

Key Levels

Resistance (Above DCMP):
Resistance 1: 194.855
Resistance 2: 195.892
Resistance 3: 197.572

Support (Below DCMP):
Support 1: 191.495
Support 2: 190.458
Support 3: 188.778

Swing Levels
Swing High: 199.564
Swing Low: 188.088

Intraday Buy Trade Setup

Entry Price: 195.892
Stop Loss: 194.855
Take Profit 1: 196.618
Take Profit 2: 197.572

Reason for Entry:
GBPJPY is near Support 2 at 195.892, providing an opportunity for a potential upside move. The first target is 196.618, with the second target at 197.572 (Resistance 3). The Stop Loss is set at 194.855 to limit the downside risk.

Intraday Sell Trade Setup

Entry Price: 197.572
Stop Loss: 199.637
Take Profit 1: 196.618
Take Profit 2: 195.892

Reason for Entry:
With Resistance 3 at 197.572, a sell trade can be initiated. The Stop Loss is placed at 199.637, and the first target is 196.618, followed by 195.892.

Summary
GBPJPY is currently trading at 196.578.

Resistance Levels: 197.572, 199.637
Support Levels: 188.778, 190.458, 191.495

Swing High: 199.564
Swing Low: 188.088

Intraday Buy: Enter at 195.892, targets 196.618 and 197.572.
Intraday Sell: Enter at 197.572, targets 196.618 and 195.892.

GBPJPY im closing all positions now, as there has been very little volume today, and is not likely to get any better and personally I cant be bothered holding over the weekend on xmas week, paying swaps and having to deal with spreads. Hope you all have a great xmas and look forward to seeing your posts next year. Merry xmas and happy Back testing !!