British Pound / Japanese Yen forum
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 !!
GBPJPY one more push....? please...
GBPJPY I may pull here 50 pip sell down in 3 minutes ?? That's crazy ..GBPJPY Entered Long
GBPJPY Possible day trade opportunity. If price can continue momentum off 15M CHOCH area (196.200), possible buy to previous bearish 15M OB. (197.000)
A break and close below 196.000 would make the CHOCH invalid.
GBPJPY sweeping the opportunistic’s SLs before going down again.
GBPJPY We now finally moving?
GBPJPY if this candle closes above 196.500. it will definitely push really hard.GBPJPY is the move starting? I've been in buys for a while .