JAPANESE YEN / BRITISH POUND forum
GBPJPY Happy new year folkssuch a nice drop
GBPJPY enjoy the pullback guys, book some profit, let the rest run
GBPJPY GBPJPY Intraday Trade Setups
Trade Idea: Buy Intraday Trade Setup
Entry Price: 198.165
Stop Loss: 197.800
Take Profit 1: 198.600
Take Profit 2: 198.900
Reason for Entry:
The entry price of 198.165 is near a significant support level identified through daily Fibonacci retracement. The price action indicates a potential upward reversal, with the first target at 198.600 and the second target at 198.900. The stop loss is placed at 197.800 to manage risk effectively.
Trade Idea: Sell Intraday Trade Setup
Entry Price: 198.739
Stop Loss: 199.000
Take Profit 1: 198.500
Take Profit 2: 198.250
Reason for Entry:
The entry price of 198.739 aligns with a strong resistance level based on daily Fibonacci retracement levels. The market shows signs of a potential downward movement, with the first target at 198.500 and the second target at 198.250. The stop loss is set at 199.000 to control risk.
Summary:
GBPJPY is at critical levels, with support at 198.165 and resistance at 198.739. The Buy Setup at 198.165 targets 198.600 and 198.900, while the Sell Setup at 198.739 targets 198.500 and 198.250. These setups are based on daily Fibonacci retracement levels and strong support/resistance zones.
GBPJPY buy around 197.5 if price gets pullbackGBPJPY 📊 GBPJPY 30th December 2024 Daily Analysis Based on Main Key Levels
In this blog post, we provide a comprehensive analysis of the GBPJPY market as of December 30, 2024. This analysis is essential for traders looking to make informed decisions based on current market conditions.
📍 Daily Current Market Price (DCMP)
The current market price for GBPJPY is 198.762. This serves as a critical reference point for identifying trading opportunities.
📉 Key Levels
🛑 Resistance (Above DCMP)
Resistance 1: 198.778
Resistance 2: 199.320
Resistance 3: 200.198
✅ Support (Below DCMP)
Support 1: 197.900
Support 2: 197.022
Support 3: 196.480
📉 Swing Levels
Swing High: 198.958
Swing Low: 188.088
Summary of Analysis
As of the current market price of 198.762, key resistance levels above this price include 198.778, 199.320, and 200.198. The support levels below this price are 197.900, 197.022, and 196.480. Additionally, the swing high is at 198.958, and the swing low is at 188.088.
Suggested Trades
💼 Intraday Buy Trade
Entry Price: ✨ 197.900
Stop Loss: ❌ 197.022
Take Profit 1: 🎯 198.762
Take Profit 2: 🎯 199.320
📌 Reason for Entry
The price is approaching a key support level at 197.900, indicating a favorable buying opportunity based on technical analysis.
💼 Intraday Sell Trade
Entry Price: ✨ 198.778
Stop Loss: ❌ 200.198
Take Profit 1: 🎯 198.762
Take Profit 2: 🎯 198.958
📌 Reason for Entry
Resistance at 198.778 suggests a potential selling opportunity, with targets set below this level.
Conclusion
This analysis provides a concise overview of key levels and trade opportunities for GBPJPY. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!
GBPJPY 500pips we can get a good opportunity for short in gbpjpy
GBPJPY I honestly think we’re either going to consolidate until NY or just continue the upside, maybe a little bit of a pullback at first
GBPJPY 700 pips target hitGBPJPY GBPJPY Weekly Analysis Based on Main Key Levels
📍 Current Market Price (DCMP)
The current market price for GBPJPY is 198.562. This price level is critical for identifying potential trading opportunities.
🛑 Resistance (Above DCMP)
Resistance 1: 198.423
Resistance 2: 199.673
Resistance 3: 201.697
✅ Support (Below DCMP)
Support 1: 196.399
Support 2: 194.375
Support 3: 191.101
📉 Swing Levels
Swing High: 199.564
Swing Low: 194.072
Summary of Analysis
Currently, GBPJPY is positioned at 198.562. The nearest resistance level above this price is 199.673, while the support level below is 196.399. The swing high is at 199.564, and the swing low is at 194.072.
Suggested Trades
💼 Intraday Buy Trade
Entry Price: ✨ 196.399
Stop Loss: ❌ 196.000
Take Profit 1: 🎯 197.000
Take Profit 2: 🎯 197.500
📌 Reason for Entry
The price is approaching a key support level at 196.399, indicating a favorable buying opportunity based on technical analysis.
💼 Intraday Sell Trade
Entry Price: ✨ 199.673
Stop Loss: ❌ 200.000
Take Profit 1: 🎯 199.000
Take Profit 2: 🎯 198.500
📌 Reason for Entry
Resistance at 199.673 suggests a potential selling opportunity as it aligns with the technical analysis, providing clear targets below this level.
Conclusion
This analysis provides a concise overview of key levels and trading opportunities for GBPJPY. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights, and happy trading!
GBPJPY happy weekend everybody :)