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GBPJPY trade ideas

GBPJPY NEXT MOVE (expecting a mild correction)(30-12-2024)Go through the analysis carefully, and do trade accordingly. Anup Bias (Mid term) Current price- 198.600 "if Price stay below 200.000 then next target is 197.600 and 195.000 and above that 202.000. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.
Short
by AnupZiddi
6
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Continuous improvement involves analyzing trade performance, identifying successes and shortcomings, and refining approaches based on data feedback. Embracing a culture of ongoing enhancement enables traders to respond effectively to market shifts and solidify their decision-making processes. Read also: Common Pitfalls of Disregarding Data While data-driven decision-making is crucial for trading success, many still overlook key aspects that jeopardize strategy effectiveness. Emotional reactions, cognitive biases, and excessive self-confidence can undermine trading performance. Emotional Trading Allowing emotions like fear and greed to influence trading decisions can lead to impulsive actions, disrupting logical analysis. This may result in holding onto losing positions too long or prematurely exiting profitable trades. Establishing rules that prioritize analytical processes over emotional responses, alongside rigorous risk management, is critical to maintaining objectivity. 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By systematically integrating data analysis into their trading strategies, traders can enhance their decision-making processes, leading to more informed and strategic actions in the market. This method enables the identification of trends, risk mitigation, and optimization of returns, which are essential in today’s volatile financial environment. Moreover, the continuous evaluation and adaptation of strategies based on real-time data feedback empower traders to remain agile in the face of market fluctuations. Ultimately, leveraging data becomes a pivotal aspect of an effective trading toolkit, enabling traders to thrive amidst challenges and capitalize on opportunities in the financial markets. ✅ Please share your thoughts about this educational post in the comments section below and HIT LIKE if you appreciate! Don't forget to FOLLOW ME; you will help us a lot with this small contribution
Education
by FOREXN1
6
GBPJPY Set To Fall! SELL! My dear subscribers, GBPJPY looks like it will make a good move, and here are the details: The market is trading on 198.39 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 195.23 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
GBPJPY NEXT MOVE (expecting a bullish move)(18-12-2024)Go through the analysis carefully, and do trade accordingly. Anup Bias (Mid term) Current price- 194.800 "if Price stay above 193.900 then next target is 195.800 and 198.000 and below that 192.00. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.
by AnupZiddi
5
Can we get a close above this area?Hi Traders! Last week into Sunday we GJ had a good push to 197.000 area. Rejected a little bit, but it didn't close below the last low at 196.500. The only way I'd look for a sell is if it started making a reversal breaking structure to the downside (15M). At this moment, I'm looking for price to break above 197.000 with continuation. A break of structure would be past the last higher low at 197.300. If this sets up, TP Target would be in the 200s. Entry: 197.000 TP: 200.000 SL: 196.300 (Adjust depending on your style) *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.*
Long
by thattradergirl
2
GBPJPY LONG SHOTGBPJPY is moving in an UP trend channel, is trading along the rising support And as the pair will soon retest it I am expecting the price to go up To retest the supply levels above at The chart broke through the dynamic support, which now acts ... We expect a decline in the channel after testing the current level. Great BUY opportunity GBPJPY Traders, if you liked this idea or if you have your own opinion about it, write in the comments I will be glad Thank You
Long
by Zaks_ForexRules
3
GBPJPY BUY | Idea Trading AnalysisGBPJPY is moving in an UP trend channel, is trading along the rising support And as the pair will soon retest it I am expecting the price to go up To retest the supply levels above at The chart broke through the dynamic support, which now acts ... We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GBPJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Long
by TheGrove
15
Bearish Anticipation for GBP/JPY: Key Levels and Technical AnalyGBP/JPY is currently trading at 197.952, showing signs of bearish momentum. The pair has been struggling to maintain higher levels, with selling pressure dominating near psychological resistance levels. Based on technical indicators and market structure, we anticipate a potential decline to 197.033, with a further downside risk to 196.170 if key support levels fail. Scenarios and Trading Plan Scenario 1: Targeting 197.033 If GBP/JPY sustains bearish momentum and breaks below the 197.800 intraday support, we anticipate a move to 197.033, which coincides with the 61.8% Fibonacci retracement. Confirmation Signal: Look for a bearish breakout candle on the H1 timeframe with volume spike or bearish continuation patterns such as a descending triangle. Scenario 2: Further Downside to 196.170 If the price breaches 197.033, sellers may push GBP/JPY further to 196.170. This level is significant due to its alignment with the 78.6% Fibonacci retracement and prior support from November price action. Confirmation Signal: A breakdown with a retest of 197.033 as resistance would provide stronger confirmation for this extended bearish move. Risk Factors to Watch Fundamental News: Any positive developments related to the Bank of England's monetary policy or risk-on sentiment in the market may reverse the bearish momentum. JPY Sentiment: Yen tends to strengthen during risk-off periods. If global risk sentiment shifts, GBP/JPY could see increased bearish pressure. Key Resistance Levels: If GBP/JPY retraces back above 198.000, it could invalidate the bearish setup. The technical landscape for GBP/JPY supports a bearish outlook, with the pair likely to test 197.033 and possibly extend losses to 196.170. Traders should monitor the key support levels and bearish confirmation signals, while being mindful of any unexpected market catalysts that could alter the sentiment.
Short
by AndyFrenzy
1
Bearish reversal off 50% Fibonacci resistance?GBP/JPY is rising towards the pivot which acts as a pullback resistance and could drop to the 1st support. Pivot: 197.37 1st Support: 194.65 1st Resistance: 198.96 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Wajani InvestmentsGBPJPY 12/24/2024 Bulls are currently in control as seen from the LH (0-2). Bulls still in control after the retracement following the long move from 1 to 2. If structure 3 (support becomes resistance) is broken to the downside, this trade is nulled. However, strong bullish presence is shown with the large bullish rejection candle. Remember, the market is patience and good risk management. Always create rules to avoid emotional trading. Let me know your thoughts and this is for educational purposes ONLY.
Long
by racyrace