GBPJPY BUY IDEAIt's time to buy GBPJPY as it is still in an uptrend and now price is retracing into a POI where we can begin to look for buy opportunities.
JPYGBP trade ideas
GBP/JPY Consolidation Tightens: Bulls Eyeing a Break Above 195.7After a strong correction and finding a bottom at 180 in early August, OANDA:GBPJPY began to recover, initially rising to the 193 zone.
Another leg down followed, but this time, bulls regained control at the 183.90 level, forming a higher low supported by a double bottom pattern.
The next upward move stalled at the 195 resistance, and the pair has since entered a consolidation phase.
However, the recent consolidation range is tightening, and it appears that the price is gearing up for an upward breakout.
I am slightly bullish on this pair, and a break with a daily close above the 195.70 resistance level would confirm this outlook, potentially leading to further gains toward the key 200 zone.
In the short term, interim resistance around 198 could also serve as a target for bullish traders.
GBPJPY Is Going Up! Buy!
Take a look at our analysis for GBPJPY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 197.654.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 203.292 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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update on the GBPJPY analysis on 22 october 2024overall price followed the intended direction on the higher time frame as analysed.
from our point of interest we needed to understand clearly how price will react before executing and long positions trade. as seen on the video patience and allow price to show its intended direction is very important
Possibility of uptrend It is expected that the price will cross the resistance range and after the upper stabilization of the range, the continuation of the upward trend is likely. Otherwise, it is expected that a trend change will take place and we will see a corrective trend
Lingrid | GBPJPY range BREAKOUT. Long from SUPPORT zoneThe price perfectly fulfilled my last idea. It reached target level. Overall, FX:GBPJPY is forming a bullish trend, characterized by higher highs and higher lows on the 1H timeframe. Recently, it broke and closed above the resistance zone around 195.600, a level that had been tested multiple times. Following this breakout, I anticipate that the market may surge upwards toward the upper boundary of the channel. It's important to note that the market has been choppy since the beginning of October, suggesting that the breakout could be substantial. My goal is resistance zone around 196.900
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GBPJPY sell signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPJPY WONDERMAP GBPJPY WONDERMAP
Daily candle close with bullish vibes, so we’re predicting price will keep flying until it hits H4 resistance and daily resistance zones. After that, look out for a potential sell at the H1 breakout zone.
For buys, watch out at the daily RBS, H4 breakout, and H1 RBS zones! Let’s stay sharp and make those pips count!
Let’s make it happen!
Is GJ Setting up for the long?Hi All!
GJ has definitely created some patience over these past few weeks! Trading in a slow upward movement, and staying below 195.500. Finally, GJ broke through, and is now trying to stay bullish. If it can hold momentum, I believe it can make it to the next Sell Stop area around 198.000-199.000. I'd like to see it close above 196.500, Bullish candles, and a retest for confirmation.
Potential Entry: 196.500
SL: Below 196.000 (Give room)
About 1:3RR Depending on SL
*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.*
SECOND TIME TAKING THIS SAME EXACT SETUPsame setup just failed bot side and made an easy high low with immedie bullish engulfing
GBP/JPY Eyes a Long Setup After Retesting 180.000 Demand AreaThe GBP/JPY currency pair has recently revisited the critical 180.000 level, which has proven to be a significant demand zone. This area has effectively absorbed the selling pressure, leading to a notable price rebound. The interaction at this level suggests that the market is recognizing this zone as a strong support, and the downtrend that previously dominated may be losing steam.
The price action at 180.000 has halted the bearish momentum, indicating that the pair might be gearing up for a reversal. As selling pressure diminishes, buyers appear to be stepping in, which could set the stage for a new bullish phase. Given the strength of the rebound, we are closely monitoring this area for a long setup, aiming for a return to the 200.000 level.
This potential bullish move is supported by the significant bounce from the demand zone, suggesting that the GBP/JPY pair may have found a solid foundation to recover from. The long setup we’re considering at this point is focused on capitalizing on the anticipated upward trajectory, as the pair stabilizes and positions itself for a climb back to previous highs around the 200.000 mark. This area could be the launchpad for a sustained recovery, offering an attractive opportunity for traders looking to ride the bullish reversal.
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gbp/jpy bullish I think GBP/JPY should come to an tap to the extreme order block non/mitigated and then continue its way up, much higher.
GBP/JPY 15-Min Quick Buy OpportunityWe are observing a potential quick buy setup on GBP/JPY.
Price has just bounced off the 61.8% Fibonacci retracement level near 195.321, which aligns with strong support.
There is potential for a bullish move towards the 195.750 - 195.800 area, corresponding with the 38.2% and 50% Fibonacci retracement of the last bearish move.
Keep an eye on a possible reversal here, as momentum is showing signs of recovery.
🔑 Key Levels to Watch:
Support: 195.321 (61.8% Fib)
Resistance: 195.750 - 195.800
Stay alert for a quick scalp opportunity in this zone! 📈
Trade IdeaA buy opportunity on GBPJPY has presented itself, make sure to take advantage of this buy.
update on GBPJPY TRADEsell trade hit tp 2 . towards our area of interest as communicate earlier on .
we look further see how price reacts from the area of interest as per our intended direction .
we currently look to move with the higher timeframe analysis, once price has provided clarity on the reaction at our area of interest .
gbpjpy sell , tp 2 hit .
Market is Holding above the Resistance , All Eyes on BuyingHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
🟢This Chart includes_ (GBPJPY market update)
🟢What is The Next Opportunity on GBPJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Gbpjpy long ideaI’m currently looking at longs from here , I’m waiting for the news to to push GJ back up to the next daily high.
Watch for the LQ sweep below this consolidation area which will trap sellers
Uptrend in Play or Drop Incoming? Key Price Zones!OANDA:GBPJPY
Current Price: 195.150
Chart Timeframe: 1-Hour
Bullish Outlook:
The price tested the Ascending Channel’s lower trendline as support and is now heading toward the 196.049 target.
Minor resistance at 195.714 may cause a pullback to 195.339 before the price resumes its move toward the 196.049 target.
Alternatively, if the price breaks below the channel’s lower trendline, it could lead to a decline towards 193.708.
Resistance Levels:
• 195.714 (Minor resistance)
• 196.049 (Primary target)
Support Levels:
• 195.339 (Expected pullback level)
• Lower trendline of the Ascending Channel (Current support)
• 193.708 (If the price breaks below the channel)
Happy Trading!
update on GBPJPy trade continuation from previous sell take on gbpjpy . price moves as expected towards our key area of interest . now we look to see how the price delivery will react in at our point of interest to confirm our long swing buy position for gbpjpy .
