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Gbpjpy_outlook

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: UPDATED VIEW 24/10/2024 **GBPJPY UPDATED VIEW BASED ON PREVIOUS ANALYSIS** Dear Traders, I hope you are doing well. Based on our previous analysis of GBPJPY, we identified two potential selling opportunities within the market. However, the bullish sentiment in the DXY currency pair has had a significant impact on JPY, causing it to fall short of its full value within the daily timeframe. As of today, we have observed a potential exhaustion of DXY’s bullish momentum, with four-hour candles indicating a strong bearish pressure. This development presents an opportunity for JPY to rebound, potentially allowing us to secure substantial profits within the market. Now, let’s focus on the GBPJPY currency pair. The price has extended its bullish trend, although there is a possibility of a reversal from its current position. We recommend implementing appropriate stop-loss orders for any sell entries taken from the current market price. If the initial entry fails, we are confident that the price is likely to reverse from our second entry. Before making any decisions based on this analysis, it is essential to conduct your own research. This analysis is solely for educational purposes and should not be considered financial advice. We appreciate your feedback and support. If you find our work valuable, please consider liking and commenting on our ideas. Additionally, following us will provide us with encouragement and motivation. Best regards, Team SetupsFX_
Short
by Setupsfx_
19
#GBPJPY: Is it correction for Bears or change of character? Dear traders, GBP/JPY has experienced a significant correction. The price reached the 195 level before declining to the 190 level. Currently, the price is fluctuating around 193.68, and a potential upward movement may extend to approximately 197 or 198. If the price disregards this range and breaks out to a higher level, we have identified a secondary entry point that offers a safer entry for risk-averse traders. Additionally, it is crucial to monitor the performance of the US Dollar Index (DXY), as its bullish trend can negatively impact the Japanese yen (JPY), leading to a surge in all JPY pairs to new highs. Therefore, close attention should be paid to the DXY's performance. In our professional opinion, the price has formed an "AB=CD" pattern. Furthermore, an examination of the 4-hour timeframe suggests the possibility of a character change. Should this occur, we will provide an update. Please conduct your own research before executing any trades, as this chart is solely for educational purposes. We appreciate your support by liking and commenting on our idea; it serves as an encouragement to our team. Thank you. Team Setupsfx_
Short
by Setupsfx_
14
GBPJPY Technical Analysis and Trade Idea👀 👉 GBPJPY has recently broken market structure to the upside, indicating a potential bullish opportunity. This breakout is clearly visible on both the daily and 4-hour timeframes, signaling the possibility of a developing buy setup. In this video, we’ll dive into the market structure, analyze price action, and focus on the prevailing trend. Additionally, we’ll outline a potential trade setup, conditional on price action confirming our projected scenario. Disclaimer: This material is for educational purposes only and does not constitute financial advice. 📊✅
Long
by fxtraderanthony
2
GBPJPY Technical Analysis and Trade Idea👀👉 The GBPJPY pair has exhibited a decisive breakdown of critical support zones on multiple timeframes, signaling a potential acceleration of the prevailing bearish trend. This technical development aligns with the broader market dynamics, suggesting further downside pressure may be imminent. ## Technical Analysis The recent price action has carved out a bearish structure, with lower highs and lower lows forming on both the daily and 4-hour charts. This pattern typically precedes further bearish momentum, potentially driving the pair towards previous swing lows. ## Trading Strategy My approach to this market scenario is rooted in strategic patience. I'm closely monitoring for a potential retracement to the 50-61.8% Fibonacci zone, which often acts as a magnet for price in trending markets. This area could present a high-probability entry point for a short position, aligning with the overarching bearish sentiment. ## Risk Management It's crucial to emphasize that while the technical setup appears compelling, market dynamics can shift rapidly. Prudent risk management dictates waiting for clear price action confirmation before committing capital. This may involve looking for bearish reversal candlestick patterns or a rejection of key resistance levels within the identified Fibonacci zone. ## Market Structure The current market structure suggests that sellers are in control, with each rally being met with increased selling pressure. This behavior often precedes significant moves to the downside, particularly if key support levels are breached with conviction. Remember, this analysis is based on current market conditions and is subject to change. Always conduct your own due diligence and never risk more than you can afford to lose in the volatile forex markets. 📈✅
Short
by fxtraderanthony
2
GBPJPY ( BREAKOUT DEMAND ZONE ) ( 4H )GBPJPY HELLO TRADERS Tendency , the price is under bearish pressure until trade below turning level . TURNING LEVEL : the price of turning level around 203.463 , indicates the price trade below this level reach a support level , but if trading this level reach a resistance level . RESISTANCE LEVEL (1) : around 205.601 , for reach this level will be breaking turning level . RESISTANCE LEVEL (2) : around 207.938 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) SUPPORT LEVEL (1) : support level at 201.362 , for reach this level will be trading or stabilizing below turning level . SUPPORT LEVEL (2) : support level at 199.532 , for reach this level will be breaking by open 4h candle below support level (1) . CORRECTIVE LEVEL : the price retest before dropping at 203.463 . TARGET LEVEL : RESISTANCE LEVEL : 205.601 , 207.938 . SUPPORT LEVEL : 201.362 , 199.532 .
Short
by ArinaKarayi