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British Pound vs Japanese Yen

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GBPJPY.P trade ideas

Second Buy Recommendation - GBP/JPY to 194-194.5I. Market Overview GBP/JPY did not move as expected yesterday, but the overall uptrend remains intact. The price has retested the 190.4 - 191.0 support zone and reacted positively. Buying volume has increased significantly at the lows, indicating strong demand. EMA 33 and EMA 50 on the H4 chart are still trending upward, supporting the bullish outlook. II. Trading Strategy - Additional Buy (BUY 2) 1. Entry Points 🔹 BUY around 191.0 - 191.5 if the price continues to show positive reactions. 🔹 BUY more if the price revisits 190.4, as this remains a key support level. 2. Stop Loss (SL) ❌ Place SL below 189.8, as breaking this level may invalidate the uptrend. 3. Take Profit (TP) Targets ✅ TP1: 192.5 – Close 50% of the position and move SL to breakeven. ✅ TP2: 194.0 - 194.5 – Fully close the remaining position. 4. Risk Management Risk-to-reward ratio (R:R) is approximately 2.5:1, suitable for swing trading. If the price surges sharply, adjust the strategy based on real-time market movements. III. Conclusion of Ngohungsky Recommendation to continue buying GBP/JPY in the 191.0 - 191.5 range, with additional entries near 190.4 if necessary. Targeting 194.0-194.5, but will partially take profit at 192.5 to secure gains. The main trend remains bullish, so patience is required. 📌 Stay updated and adjust the strategy accordingly! 🚀
Long
by ngohungsky941
2
3.GBP/JPY Shows Bearish Move(Plan Dipper Entry)1. The red zone represents a **supply zone**, where sellers are expected to dominate, leading to a potential price drop. 2. This zone is formed based on previous price action, where strong selling pressure was observed. 3. The current **bearish engulfing pattern** suggests a potential reversal from the supply zone. 4. A bearish engulfing occurs when a larger red candle completely engulfs the previous green candle, signaling selling dominance. 5. The rejection from the supply zone indicates that buyers failed to push higher, leading to a strong bearish move. 6. The trade setup suggests a **short position**, with stop-loss above the supply zone and take-profit at lower support levels. 7. Confirmation of this setup includes volume increase and previous resistance acting as a barrier. 8. If price respects the supply zone, further downside movement is likely. 9. However, a breakout above the supply zone could invalidate the bearish outlook. 10. It's crucial to manage risk properly by adjusting stop-loss levels based on price action.
Short
by Itskevinrana
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 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
GBPJPY SHOWING A GOOD DOWN MOVE WITH 1:5 RISK REWARD GBPJPY SHOWING A GOOD DOWN MOVE WITH 1:5 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
3
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 MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Short
by okako_trading
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