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GBPJPY trade ideas

GBPJPY: Medium term correction.GBPJPY is bullish on its 1D technical outlook (RSI = 59.018, MACD = 1.270, ADX = 45.334) but on a decreasing rate as the aggressive rise has taken a pause and the price, despite inside a Channel Up since August, has turned sideways since October 4th on the 4H MA50. We expect the bearish wave of the Channel Up to start any day now. Even though the previous targeted the 0.618 Fib, we will aim for the 0.5 this time (TP = 190.000) as the decline may start a little higher than the current price. Keep in mind that the best trigger to sell will be a 1D MACD Bearish Cross. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
JPY is going to be stronger in future-Elliot Wave AnalysisAs we see the price has completed its recent cycle on 11 July, 2024. It is now in a major correction where the wave 'A' is already formed. Now the price is forming the wave 'B' and its minimum destination is 61.80% After completing the wave 'B', price will lead the wave 'C' which will be a downward impulse which can move the price toward 175 zone. The more days are passing by, selling opportunity is emerging. So be patience and enter into the market with confident.
by mamnunamalik
5
GBP/JPY 15-Minute AnalysisWe are looking at a potential short-term buying opportunity on GBP/JPY. The price has found support near the 195.000 level, and a pullback towards the 38.20% - 50% Fibonacci retracement levels could offer a great entry point. Key details: 🟢 Support zone: Between 194.750 and 195.000. 📈 Resistance: Around the 195.400 - 195.600 levels, with potential to reach the 195.800 zone. After a short consolidation, we expect a move up if the price holds above 194.800. 🟢 Look for potential long entries as the price pulls back, with stops below the 194.600 zone and an upside target in the 195.500 area. ⚠️ Risk management is key—let's give the market room to breathe and aim for a solid 60-80 pips as the price moves higher.
Long
by AEL_Education
GBPJPY H4 - Short Signal GBPJPY H4 We have made a slight adjustment to our trading zone here on GBPJPY. Moving the zone from 195 psychological price, up 60 points to around 195.600. Slight adjustments to accommodate for the recent high press attempts. Supply and resistance no doubt evident on this 195.600 price, stops now covering recent wick high prices of 196.100, with a breathing space of 5-10 points. We are ranging really nicely here, whilst stops may seem quite large, this is a fast moving pair, and the profit target it also large. This pair has been moving 100’s of points in very quick succession over the past few weeks. The range measures a healthy 200-250 points until support price/TP target.
Short
by Trade_Simple_FX
Formation of an Ascending Triangle Pattern , All Eyes on Buying Hello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000