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GBPJPY trade ideas

Bullish bounce off pullback support?GBP/JPY is falling towards the support level which is a pullback support that lines up with the 138.2% Fibonacci extension and the 61.8% Fibonacci projection and could bounce from this level to our take profit. Entry: 191.86 Why we like it: There is a pullback support level that aligns with the 138.2% Fibonacci extension and the 61.8% Fibonacci projection. Stop loss: 190.05 Why we like it: There is a pullback support level. Take profit: 194.71 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
1
Massive Comeback! Funded Trading Plus Profits with US30 & GBPJPYIn this video, I share my trading journey from a significant drawdown to a profitable day. I break down my analysis of the US30 and GBPJPY pairs, explaining my entry and exit strategies. Join me as I discuss key technical indicators, risk management, and the importance of staying disciplined. Whether you're a seasoned trader or just starting out, this video offers valuable insights to help you improve your trading skills.
by See_NoLimits
3
POTENTIAL GBPJPY SELLIf price remains below the Sibi zone and continues to respect lower highs, it could head toward the demand zone at 191.712 or lower. Price could spike upwards to clear the relative equal highs (above 193.5) for liquidity before continuing downwards. A break above the Sibi zone and a retest might signal a reversal to retest the supply zone (195 region). Look for rejection near the "Sibi" zone for a short opportunity targeting the demand zone (191.7 or lower). Maintain stops above the relative equal highs for safety Use tight stop-loss levels given the volatile nature of GBP/JPY. Wait for clear confirmation (e.g., candlestick patterns, volume spikes) before entering trades. POTENTIAL SELL. LETS SEE HOW PRICE REACTS . WHAT ARE YOUR THOUGHTS ?
Short
by charterprice
GBPJPY h4 | Bullish RiseBased on the H4 chart analysis, we can see that the price is currently at our buy entry at 192.81, an overlap support level Our take profit will be at 195.65, a pullback resistance to 61.8% Fibo retracement. The stop loss will be placed at 190.92, which is a pullback support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
1
Sell GBPJPY on ralliesThe GBP/JPY currency pair lost its shine in the Asian session on the strong yen. It hit a low of 193.55 at the time of writing and is currently trading around 194.02. The Potential Reversal Zone (PRZ) is set at 200.20. In October 2024, Japan's Consumer Price Index (CPI) showed a year-on-year inflation rate of 2.3%, down from 2.5% the previous month and slightly above the expected 2.2%. This decrease continues a trend of moderating inflation, mainly due to lower energy costs. The core CPI, which ignores fresh food, also rose by 2.3%, matching expectations but down from 2.4% in September. Overall, the core inflation rate remained steady at 2.3%. Technical Overview The GBP/JPY is trading below both short-term and long-term moving averages, which suggests a major downtrend. The immediate resistance level is at 194.35. If the price breaks this level, it could rise toward 195/196/196.25/197. Support is at 192.80 and if that fails, the price could drop to 191.75/190. Indicator Analysis The CCI and ADX indicators suggest a bearish trend. Trading Recommendation: Consider selling on rallies around 194.15-18 with SL around 195 and aim for a target price of 190.10.
Short
by adiechiii