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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBPJPY Retraced For UsHi Traders! GJ made a nice retracement to around 194.600, and is now trying to push above 195.000. In my last idea, I talked about how I needed price to get above 195.000 with followthrough. ( Please go read if you haven't already). Psychological levels for GJ are .000, .200, .500. As you can see right now we hit 195.500 and rejected heavy. So, watching for this set up. 🫡 Entry:195.500 TP 1: 196.500 TP 2: 197.000 SL: 194.100/.200 *DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
Long
by thattradergirl
GBP/JPY Swing Trade – End of 2024 (Best Way to Buy)Analysis: GBP/JPY shows potential for an upward move based on harmonic patterns and Fibonacci levels on the daily chart. The current trend is retracing higher after finding support at 188.088 and testing resistance around **197.302**. Entry Setup: - Wait for a pullback to the 195.333 - 197.302 zone (61.8% and 78.6% Fibonacci retracement levels). - Look for bullish candlestick patterns like pin bars or engulfing candles to confirm entry. Profit Targets: TP1: 202.065 (78.6% Fibonacci resistance). TP2: 203.000 (1.272 Fibonacci extension). TP3: 207.056 (1.618 Fibonacci extension) for medium-term potential. Stop Loss: - Conservative: Below 195.333. - Aggressive: Below 188.088 for stronger protection in case of failed breakout. Conclusion: This strategy leverages pullbacks for entry in strong support zones, with layered profit targets and tight stop losses. Focus on confirming signals before entering to minimize risk and maximize profit potential by the end of 2024.
Long
by the_pamungkas
BEARISH GBPJPYThe GBP/JPY pair is currently exhibiting a bearish outlook as sellers seem to gain momentum, capitalizing on recent market dynamics. Here's a comprehensive breakdown of the pair's bearish sentiment based on current trading conditions. 1. Technical Analysis Trend & Price Action The pair has been trading within a descending channel, signaling a continuation of bearish momentum. Recent price action shows multiple failed attempts to break above key resistance zones, reinforcing the dominance of sellers. GBP/JPY is currently flirting with key support levels, and a decisive break below could trigger further downside. 2. Fundamental Drivers Pound Weakness: Recent UK economic data has been underwhelming, including weak growth figures and declining retail sales. This has weighed heavily on the pound, reducing its appeal. The Bank of England’s dovish tone regarding future rate hikes amid signs of an economic slowdown adds further bearish pressure on GBP. Yen Strength: While the Bank of Japan (BoJ) remains accommodative, recent interventions and speculation of further action to strengthen the yen have bolstered the currency. Geopolitical uncertainties and global risk-off sentiment have increased demand for the yen as a safe-haven asset.
Short
by AndyFrenzy
GBPJPY Will Go Up From Support! Long! Please, check our technical outlook for GBPJPY. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 194.719. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 196.745 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBPJPY set for a possible riseRevised Analysis with Projections 1. Current Ichimoku Cloud (Kumo) Analysis: Kumo Future Projection: The cloud ahead is green, signaling bullish potential. The cloud is flat on the top, indicating possible resistance near 194.9. Support levels sit at 192.9 based on the bottom of the cloud. Price Action: Price is trading near the Kijun-sen (red line) and above the cloud base, a neutral to slightly bullish signal. A pullback to the Kijun-sen around 193.8 or cloud support at 192.9 is possible before a move higher. 2. Ichimoku Wave Theory (N-Wave and P-Wave): The N-Wave: An A-B-C-D wave formation is developing: A: 192.2 (recent low on Dec 5th) B: 194.9 (recent high) C: 193.0 (potential support pullback zone) D: Projection upwards to 196.0 (extension of AB leg if the uptrend resumes). Projections: Take-Profit 1 (194.9): Expected within 8-12 hours (2-3 candles on the 4-hour chart). Take-Profit 2 (196.0): Expected within 20-28 hours (5-7 candles). 3. Ichimoku Time Theory (Kihon Suchi): Time cycles suggest possible turning points every 9, 17, or 26 candles: The recent uptrend began around Dec 8 (approx. 7-9 candles back). The next time window for reversal or continuation is around Dec 15-16. A breakout above 194.9 or below 193.0 is likely to occur within this timeframe. 4. Trade Setup with Projections: Buy Entry: Near 193.3-193.8 (pullback to Kijun-sen). Stop-Loss: Below 192.9 (below cloud support). Take-Profit 1: 194.9 Time Projection: Within 8-12 hours. Take-Profit 2: 196.0 Time Projection: Within 20-28 hours. Conclusion: The trend is bullish-neutral with a higher probability of continuation if support holds. Watch for a decisive break above 194.9 for confirmation of bullish momentum. Projected Timelines: 194.9: 8-12 hours. 196.0: 20-28 hours.
Long
by Welburg_Trading
GBPJPY next possible move🔴🔴 DIFFERENCES BETWEEN AMATEUR TRADERS AND SUCCESSFUL TRADERS 💡 Amateur Traders: ❌ Rely on "27" technical indicators without a clear strategy. ❌ Are influenced by the opinions of others. ❌ Make decisions based on emotions rather than logic. ❌ Take reckless risks, often due to a lack of preparation. 🔥 Successful Traders: ✅ Analyze price movements with precision and discernment. ✅ Prepare clear action plans and adapt quickly to new market data. ✅ Use structured trading systems to minimize uncertainty. ✅ Take calculated risks based on rational analysis and probabilities. ⚠️ Lesson: Don’t let emotions or external noise dictate your decisions. Be methodical, structured, and disciplined. That’s where the key to trading success lies. 🎯 Which category do you choose to join today?
Short
by eLs-Trading
1
GBPJPY Is in a Critical ZoneGBPJPY Is in a Critical Zone Currently, GBPJPY is in a critical zone, with two possible scenarios emerging. Next week, we have key rate decisions from both the Bank of England (BOE) and the Bank of Japan (BOJ). The BOE is expected to cut rates, while the BOJ is expected to increase rates. From this perspective, GBPJPY should move down, not up. If the resistance zone holds, then GBPJPY should begin moving down as shown on the chart. However, if GBPJPY moves above the pattern or surpasses 192.40, the price could rise further. The market may anticipate the BOJ to reverse their stance, which has a higher likelihood. Thus, one movement is supported by fundamental perspectives, and the bullish movement is driven by speculation. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
by KlejdiCuni
8