This Weekly FORECAST Opportunity for GBPJPY. This setup trading idea is for swing. >> TAYOR Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.
Price is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement, and could reverse from this level to our take profit. Entry: 193.522 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 195.104 Why we like it: There is a pullback resistance...
This would be the next slide of the GBPJPY Journey which started with a simple Mind posted, evolving into the next idea with the next steps. The previous 2 snapshots provided a very clear bias (the short followed by the long), but now I find myself in the situation where I am looking for 2 potential scenarios which I would consider to be intriguing if the price...
Very messy PA in multiple the Yen pairs. Considering HTF; most of the Yen pairs reached a VA or ATH and impulsively turned around. Assuming the BOJ intervened at least twice, but the market did not yet follow through yet. The overall situation is still undecided, with fundamentals not supporting an immediate strengthening in the Yen. However Positioning is prime...
GBPJPY - LONG gbpjpy will push up to make bigger correction, ones the correction complete look for sell setups, another 500pip+ will come. jpy pair will move like crazy, trade with care and always use SL. V.Ragu
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
The 4-hour right side is up against 186.04. 1-hour right side is turning down against 197.4. Near term, while below 197.4, expect pair to extend lower to correct cycle from 3.11.2024 low in 3, 7, or 11 swing towards 186.04 – 190.4 area before it resumes higher. We like the long side from the 4 hour blue box area (if reached).
The GBP/JPY currency pair is showing indications of a potential selling opportunity, with a targeted sell zone identified between 191.90 and 193.00. This range represents an area where sellers may consider entering the market, anticipating downward movement in the exchange rate. Furthermore, technical analysis suggests two potential targets for this sell...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
#GBPJPY Trade Idea .......................................................................................
GBPJPY is on downtrend but am seeing a strong buying zone at 190.206 area. just to be safe and get better buys once we hit 190.206,we take our buys towards 193.955
The GBP/JPY has recently reached a key support area, coinciding with the completion of a Bat pattern. If the currency pair is able to break through the current supply zone (almost 190.5) , we anticipate a potential rise in prices.
In this GBP/JPY daily chart, a strong resistance is highlighted around the red-marked area, located around 197.480. Price action has shown a consolidation range, with a potential downtrend developing. The recent bearish candlestick indicates a possible rejection of the resistance, suggesting that we could see a pullback to lower levels. There is a significant...
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
Hello, GBPJPY - Potential Sell! for when the market reopens, becareful with this trade as any other trades and try to find a good entry.
hopefully if we can move from this level because we have a drop hard from 200.oo psy level so i am excepting it to move up a little
Higher supports forming across multiple time frames and the trend is to the upside Buys make more sense in this situation
Hope all of you having a great weekend, Today we will be having a look at GBPJPY, the pair was extremely bullish since January as YEN plummeted at the record low. BOJ decided not to change its interest rate policy and decided to kept the rate as it is, leading fear within the investors which lead yen to plumment even further. However, price dropped significantly...