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GBP/JPY Trading Strategy - Buy to 194GBP/JPY Trading Strategy - Buy to 194 I. Technical Analysis 1. Overall Trend On the H4 timeframe, GBP/JPY shows signs of a bullish reversal: The price has broken through the previous resistance zone 190.4 - 191.0 and is holding above it. EMA 33 & EMA 50 are starting to slope upwards, indicating an uptrend. Volume is increasing as the price bounces off the support zone. On the D1 timeframe, GBP/JPY is recovering from a correction, aiming for the next resistance zone 194.0 - 194.2. 2. Key Support & Resistance Levels ✅ Strong Support (Potential Buy Zone): 190.2 - 190.4: Newly established support after the breakout. 189.2: Strong support; if broken, the uptrend may be invalidated. ✅ Target Resistance (Take Profit - TP): 194.0 - 194.2: Significant resistance on H4 & D1 charts. ✅ Trend Confirmation Indicators: RSI > 55, not overbought, still has room to rise. Volume increasing on price rise, confirming buyers' control. II. Trade Setup 1. Entry Point BUY entry when price retraces to 190.4 - 191.0. Split orders: 50% of the position at 190.4. Remaining 50% at 190.0 if the price continues to correct. 2. Stop Loss (SL) 189.2: If the price breaks this level, the uptrend is invalidated. 3. Take Profit (TP) TP1: 192.5 → Close 50% of the position and move SL to breakeven. TP2: 194.0 - 194.2 → Close the remaining position. 4. Risk/Reward Ratio (R:R) Average Entry: 190.7 SL: 189.2 (-1.5 pips) TP: 194.0 (+3.3 pips) R:R = 2.2:1 → Favorable risk-reward ratio for swing trading. III. Risk Management & Market Scenarios 🔸 If price moves in our favor: ✅ When the price reaches 192.5, move SL to breakeven to secure capital. 🔸 If price drops to 189.2: ❌ Exit all positions as the uptrend is invalidated. 🔸 Key signals to watch: ⚠️ If price surges past 191.8 without a pullback, consider waiting for a retracement before entering. IV. Conc...... BUY GBP/JPY at 190.4 - 190.0, TP 194.0, SL 189.2. Good R:R ratio (2.2:1), suitable for swing trading. Holding period: Within this week, monitor closely. Welcome Follow Me, Thanks!
Long
by ngohungsky941
GBP/JPY Trading Strategy – Short to Target 185I. Technical Analysis 1. Overall Trend On the H4 timeframe, GBP/JPY remains in a downtrend, as indicated by: Lower highs and lower lows. Price trading below both the EMA 50 & EMA 200, confirming bearish momentum. A weak pullback formation, suggesting a continuation of the downtrend. On the D1 timeframe, GBP/JPY is moving within a descending channel, encountering resistance around 191.4 - 192.8 (previous swing high and descending trendline). 2. Key Resistance & Support Levels ✅ Strong Resistance (Sell Zone): 190.2 - 191.45: Confluence of the descending trendline + EMA 50 on H4. 192.8: Major resistance level and a logical Stop Loss placement. ✅ Target Support (Take Profit): 185.2 - 185.0: A strong support zone from the previous low. ✅ Indicators Confirmation: Decreasing volume on price pullback, indicating weakening bullish momentum. RSI below 50, not yet oversold, leaving room for further downside movement. II. Trading Strategy 1. Entry Points Sell GBP/JPY around 190.2 - 191.45 upon price testing resistance. Consider splitting the order: Sell 50% at 190.2 Sell remaining 50% at 191.45 (if price continues upward). 2. Stop Loss (SL) 192.8: A break above this level invalidates the bearish setup. 3. Take Profit (TP) TP1: 187.0 → Close 50% of the position and move SL to breakeven. TP2: 185.2 - 185.0 → Fully close the trade. 4. Risk/Reward Ratio (R:R) Average Entry: 190.8 SL: 192.8 (-2.0 pips) TP: 185.2 (+5.6 pips) R:R = 2.8:1 → Reward is 2.8 times the risk, making this an attractive swing trade setup. III. Risk Management & Market Scenarios 🔸 If Price Moves in Favor ✅ Upon reaching 187.0, move SL to breakeven, ensuring no risk exposure. 🔸 If Price Hits 192.8 ❌ Exit the trade entirely, as the bearish structure is broken. 🔸 Key Observations ⚠️ If price aggressively rises to 191.45 with strong volume, wait for bearish confirmation before entering. IV. Conclusion of me Short GBP/JPY at 190.2 - 191.45, TP at 185.2 - 185.0, SL at 192.8. Strong R:R ratio (2.8:1), suitable for swing trading. Expected Holding Period: Until mid-week, closely monitoring price action. Follow me now, good luck evrybody!
Short
by ngohungsky941
2
GBP/JPY Bearish Breakdown – Further Decline Ahead?📉 GBP/JPY Daily Chart Analysis 🔍 Overview: The chart shows GBP/JPY on the 1D timeframe. A bearish outlook is suggested with a projected price decline. The 200 EMA (193.295) is acting as resistance. Current price: 191.906, slightly below the 200 EMA. 📊 Technical Breakdown: Bearish Pattern Formation: Price broke down from a rising wedge (bearish pattern). After a brief retest, it's rejecting the 200 EMA, confirming weakness. Support & Resistance Levels: Resistance: 193.295 (200 EMA). Support zones: 188.000, followed by 184.000. Expected Price Action: The bearish projection suggests further decline towards 188.000 & 184.000. If price reclaims 193.295, it could invalidate the bearish scenario. 🎯 Conclusion: ⚠️ Bearish bias as long as the price stays below the 200 EMA. A drop to 188-184 seems likely unless buyers reclaim key levels. 📌 Watchlist: ✅ Break below 190.000 = Strong sell signal ✅ Reclaim of 193.295 = Bullish invalidation 🚨 Trade cautiously & manage risk! 🚨
Short
by MrStellanSight
1
GBPJPY - TRADING WITHIN TRAINGLE PATTERN FORMATIONSymbol - GBPJPY The GBPJPY is currently trading within a symmetrical triangle pattern and recently experienced an attempt to breach resistance levels and rise. However, the momentum has proven insufficient, as market participants remain skeptical of any bullish movement, primarily due to the actions of the Bank of Japan. The Bank of Japan recently increased its interest rate by 0.25%, marking the highest level since 2008, in response to accelerating inflation and a slowing economy. The central bank has signaled that further rate hikes are possible if inflation continues to rise. From a fundamental perspective, this could lead to a potential decline in the GBPJPY currency pair, although the strength of the British Pound against the US Dollar may mitigate this effect. Technically, the recent attempt to break resistance appears to be a false breakout, with the medium-term outlook influenced by both the technical structure and the Bank of Japan's actions. Key resistance level: 195.00 Key support levels: 192.00, 190.50 It is possible that another attempt to test resistance will occur before a subsequent decline. Traders are increasingly building long positions on the Japanese Yen, which could result in a bearish correction for the currency pair.
Short
by akshit_official
GBPJPY SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARD GBPJPY SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Short
by tradergyan01
4
GBP/JPY 15-Minute Chart AnalysisKey Observations: 1. Descending Trendline Break: - The price has broken above a descending trendline, signaling a potential bullish reversal. 2. Demand Zone: - The price found support near the highlighted demand zone 196.430–196.600. 3. Bullish Setup: - A long trade setup is active, with stop-loss set below 196.168 (extended stop-loss at 195.782) and multiple take-profit targets: - Target 1: 197.271 - Target 2: 198.063 - Target 3: 198.815 --- Trading Scenarios: 1. Bullish Continuation: - If the price sustains above 196.600, it is likely to move toward 197.271. Breaking this resistance level could lead to further upward momentum targeting 198.063 and eventually 198.815. 2. Invalidation of Bullish Setup: - If the price falls below 196.168, the bullish setup will be invalidated, and the pair might retest the previous low near 195.782. --- Trading Plan: - Entry (Buy): Above 196.750, targeting 197.271 (first target) and 198.063 (second target) and 198.815 (third target). - Stop-Loss: Below 196.168 for standard risk or 195.782 for extended risk. --- Stay disciplined with risk management and watch for any signs of rejection near resistance levels. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult a financial advisor before making investment decisions. Trade responsibly.
Long
by PhD_Swingtrader
GJ Key Resistance at 193 – Potential for a Short-Term PullbackThe GBP/JPY (GJ) currency pair has been riding a strong bullish trend over the past weeks, but we are currently approaching a crucial technical level around the 193.00 mark. This level has acted as a significant resistance zone in the past, and recent price action suggests that we could see a potential rejection here, leading to a short-term correction. Key Technical Factors Historical Resistance at 193.00: Looking at the higher timeframes (daily and 4H charts), we can clearly see that the 193.00 level has acted as a strong resistance in the past. The price has tested this zone multiple times without being able to break above it sustainably. With GBP/JPY now retesting this area, the probability of a pullback increases, especially given the overextended bullish momentum. Bearish Divergence: On the 4H chart, there are signs of bearish RSI divergence. While the price has been making higher highs, the RSI is showing lower highs, indicating weakening momentum. This divergence often precedes price reversals or corrections. Fibonacci Retracement Levels: If we take the latest leg of the bullish move from the 187.50 region up to the current high at 193.00, we see that the 50% Fibonacci retracement level sits around 190.25. This could serve as a key support area if the price corrects from the resistance. Psychological Resistance: The 193.00 level also holds psychological significance as traders may be locking in profits, especially after such a strong bullish rally. Coupled with potential profit-taking, the combination of technical and psychological factors strengthens the case for a pullback. Potential Trading Strategy Given these confluences, a short trade could be considered from around the 193.00 level, targeting lower Fibonacci retracement levels for profit-taking. Here's a potential strategy: Entry: Around 193.00 resistance. Take Profit Levels: 191.00 (initial support zone) 190.25 (50% Fibonacci retracement) Stop Loss: Above the previous high at 194.00 to manage risk. This trade idea aligns with the expectation that the market may see a healthy correction before deciding whether to break through the resistance or continue consolidating. Key Risk Considerations Fundamental Factors: Traders should keep an eye on key economic events and news affecting GBP and JPY, such as Bank of England statements or risk sentiment in global markets. Strong bullish news could invalidate this technical setup. Breakout Possibility: If the price breaks above the 193.00 resistance with strong momentum and volume, the bearish outlook could be invalidated. In this case, waiting for a confirmed breakout and retest before re-entering the market would be more prudent. OANDA:GBPJPY FX:GBPJPY FOREXCOM:GBPJPY
Short
by Trading_Zone_3773
GBPJPY: 200-SMA again challenges buyers amid sluggish week-startGBPJPY reached a one-month high but then pulled back from the 200-day moving average (SMA) as traders get ready for important news this week, including PMIs and the US jobs report. The US and Canadian Labor Day holidays are allow the cross-currency pair to consolidate the previous weekly gains, especially amid the cautious mood in the market. GBPJPY buyers slowly tighten their grip… Although the 200-SMA has been restricting the GBPJPY pair’s upside momentum since mid-July, a higher low formation in the last fortnight signals that the buyers are gradually winning over. Also, the bullish MACD signals and upbeat RSI conditions add strength to the upside bias. Key technical levels to watch… Given the 200-SMA’s repeated attempts to stall the GBPJPY upside, the buyers are advised to wait for a daily break past the key moving average, around 192.25, to take fresh long positions. Following that, the 50% and 38.2% Fibonacci retracement level of the quote’s December 2023 to July 2024 upside, respectively near 193.30 and 196.75, will lure the bulls. It’s worth noting, however, that a seven-month-old previous support line, close to 199.00, quickly followed by the 200.00 psychological magnet, could test the upside momentum. Meanwhile, a drop below the immediate rising support line at about 190.70 could lead to further declines. Next support levels are around 190.00 and 188.00, with potential further drops to 184.80 and 182.50 before reaching a new yearly low around 180.10. Looking ahead… With the US and Canadian holidays and upcoming key economic data, GBPJPY might stabilize in the short term. However, if the market reacts negatively to the data, the bullish trend could be challenged.
by MTradingGlobal
GBPJPY bulls need validation from 192.00 and Japan dataThe GBPJPY currency pair is making gains as it moves within a two-week upward trend, showing renewed optimism early on Tuesday. This rise supports the bullish trend that started in early August and counters the previous indecision seen last week. Currently, GBPJPY is trading above the 100-day moving average and has broken through a six-week-old downward resistance line, which now acts as support. The steady RSI also adds to the positive outlook. For the bullish trend to continue, GBPJPY needs to break above the upper boundary of the ongoing triangle pattern, near 192.00. If this happens, the next significant hurdle will be the 200-day moving average at 194.55. A break above this could push prices toward the late July high of around 199.50 and possibly even the 200.00 mark. On the downside, key support levels are around 189.80, 188.65 (100-day moving average), and 186.50 (previous resistance line). If GBPJPY falls below 186.50, it could drop to the monthly low of 180.10. Besides technical factors, GBPJPY buyers should also watch for upcoming data releases on Tokyo inflation, Japan's industrial production, unemployment rate, and retail trade this Thursday.
by MTradingGlobal
GBPJPY rebound appears elusive below 200-SMAGBPJPY portrays a corrective bounce off the lowest level in seven months while recovering from a 10-month-old ascending support line. The rebound also takes clues from the oversold RSI (14) line and the market’s consolidation mode after a heavy slump. While the aforementioned clues suggest a continuation of the quote’s further recovery, the bearish MACD signals and the pair’s successful trading below the 200-SMA support of 191.80 keep the sellers hopeful. Even if the buyers manage to cross the 200-SMA hurdle, a previous support line from March 2023, near 194.50 by the press time, will act as the final defense of the bears before giving control to the bulls. On the contrary, rising trend lines from July and October of 2023, close to 182.50 and 180.00 in that order, restrict the short-term downside of the GBPJPY pair. Following that, the December 2023 low of 178.30 and the July 2023 low near 176.30 will entertain the pair sellers. It’s worth noting, however, that the quote’s sustained weakness past 176.30 will make it vulnerable to slump toward the 170.00 psychological magnet. Overall, GBPJPY consolidates the previous heavy fall but the resumption of a bullish trend is far from the table.
by MTradingGlobal
GOLD IN CORRECTIONNow we got 4h high which is using my method... Already our 2 sell entry running profit also we found 2 sell zone 1st sell limit 2254-2257 sl 2259 (need 1m or 5m confirmation then entry it else wait for 2nd zone) tp 2252 tp 2249 tp 2244 buy zones are the tp4 and tp 5 In 4hrs we found 2 buy zone 1st buy zone 2201-2192 (we need 15M confirmation to take entry) 2nd buy zone 2167-2156(extreme buy zone no need to confirm)...which is in linked analysis 2nd sell limit 2261-2264 sl 2267 tp 2259 tp 2256 tp 2251 buy zones are the tp4 and tp5 In 4hrs we found 2 buy zone 1st buy zone 2201-2192 (we need 15M confirmation to take entry) 2nd buy zone 2167-2156(extreme buy zone no need to confirm)...which is in linked analysis NOTES: EDUCATIONAL PURPOSE ONLY
OANDA:XAUUSDShort
by SATHAYAM_ACADEMY
GOLD IN BULLSH SORRY for late update.... Sunday i was too busy Now we see xauusd hits the DAY 1st pull back zone(2259-2305) In 4Hrs also gold hits 1st pull back zone(2263-2280.5) once market touches our pull back market starts fall In 15mins we got High confirmation using my method and also now we got choch (correction choch in 15mins only) confirmation so entry will be sell limit 2258-2262-2265 SL 2268(we already entry in 2263) remember gold still in bullish only we got ONLY 15M confirmation if you ok use mid lot else use low lot Targets for intraday TP1 +20 pips TP2 +50pips TP3 +100pips TP4 1850 In 4hrs we found 2 buy zone 1st buy zone 2201-2192 (we need 15M confirmation to take entry) 2nd buy zone 2167-2156(extreme buy zone no need to confirm) This two zones will be swing targets for given sell once market cross 2nd buy zone gold will be red rose trade carefully NOTES: EDUCATIONAL PURPOSE ONLY
OANDA:XAUUSDShort
by SATHAYAM_ACADEMY