GBPJPY long update as planned GJ has finally pushed up and broke BOS.
my stops are now below asai low as it might come and fill that 4hr , so could also add more entrys there .
whats everyone else doing ? up to 199?
GBPJPY trade ideas
GBPJPY remains in an uptrend above 196.63GBPJPY remains in an uptrend above 196.63, with the next resistance levels and potential targets for bullish traders at 197.96 (Thursday's high) and 198.43 (Monday's high). However, if the price falls below the trend-defining level at 196.63, a swift drop to the psychological level of 196 is likely.
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BUY GBP/JPY FOR 100 PIPS Go Long on GBP/JPY AT 197.33
It's good trend line support & Sweep the liquidity
BOB in 1H time frame
BUY on Fib 50 % area
Take only 31 pips Risk And get
reward At list 100 pips
Gj to 200? I think soI think this is a solid wedge for gj broke out and retest perfectly, now up it goes I believe we can see 200 possibly 202
Bearish drop?GBP/JPY is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 198.26
1st Support: 196.76
1st Resistance: 196.61
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GPP/JPY Possible play's 11-13-24So after adjusting my zones to be current, this is what I'm seeing as of right now for this pair. We will see how this will play out. London Session could be great. Asian could start the direction. It seems it's in consolidation so what to see a break before taking action.
GBPJPY LONG Technical indicators support the move up.
Bullish engulfing candle then break of trend offers a good entry for a 2:1 R/R to the next daily resistance level.
GBPJPYGBPJPY pair, possible market reaction.. We are going for that weekly AOL, and due to Agglomeration 4, thats why we are trading against the trend
GBPJPY Analysis And Next Market Move Pair Name = GBPJPY
Timeframe = D1
Analysis = technical + fundamentals
Trend = Bullish
Details :-
GBPJPY is looking to hit this main support level. In this move we can see gain UpTo 500Pips+. But first we will confirm that it has hitted the main support level and getting bounce from this level.
Bullish Targets :-
202.000
203.000
GBP/JPY possible Play's After reviewing this chart , There is a couple possible outcome. Over all looks very bullish , but I'm a day trader and like to look at both possible out comes. So I can in & out of the trade. I don't hold of day's. I need my money now lol
Don't miss the great SEE Opportunity in GBPJPYGBP/JPY pair on the 4-hour timeframe with a few important technical zones highlighted:
1. **Supply Zone (Red Zone at the top)**: This red box represents a supply zone where previous selling pressure occurred, causing the price to reverse downward. It is likely a resistance area where price may encounter sellers if it revisits.
2. **Demand Zone (Blue Zone at the bottom)**: The blue box at the bottom represents a demand zone where buying interest previously pushed the price higher. This is likely a support level where buyers might step in if the price retraces back to this area.
3. **Expected Price Movement (Black Zig-Zag Line)**: The zig-zag line indicates a potential short-term pullback within the current trend. It suggests that the price may initially move lower before reversing and moving up towards the green target zone.
4. **Entry and Target Levels (Green Zone)**: The green box represents a potential long trade setup. The entry zone appears to be around the lower limit of the green box, which is approximately 196.250, with a target level towards the top of the green zone near 198.850.
5. **Change of Character (CHoCH)**: The label "CHoCH" marks a potential reversal in trend, signaling that the downtrend could be ending, and an upward move might be likely if price reacts favorably in the demand zone.
6. **Break of Structure (BOS)**: The label "BOS" indicates that the price structure has shifted, which often implies a potential change in the trend or a breakout from previous price levels.
### Summary
Based on this setup, the analysis suggests waiting for a pullback to the demand zone around 196.250, where a buy entry could be considered. The price target for this setup appears to be near 198.850, with a stop-loss likely below the demand zone to limit downside risk.
GBPJPY BuyGBPJPY has bounced off discount zone and broke out of a bullish orderblock.
It's now ranging in an area where there is a lot of buying volume. indicating a potential rise to the next orderblock.
In my opinion you could wait for another pullback to retest the previous bullish orderblock then enter or enter now with a stop loss below the bullish orderblock or discount zone.
The most likely level it could reach would be the equilibrium level if it keeps rising.
GBPJPY possible for another dropHey guys,
based on the chart price reach a key level and and a bearish reaction of sellers is visible on 15min timeframe and again if we change the time frame to 1H again we can see another foot print of sellers on candlestick chart.
So based on this scenario we can consider this movement as bearish.
Good luck
GBPJPY Possible Short Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - CSAK /Entry in MAHI
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
Trade explanation and more downside expectedHi traders, welcome to this trade breakdown. Its situation has played out and I traded with decent gains. I'm still in the position and I expect more downside coming however my TP is in the 50% of the CLS range.
The goal of this post is to show you briefly my unique method of reading the market by understanding CLS.
Let's put it all together 🧩
Follow me I will be posting more educational posts like this one and don't hesitate to ask with any questions in the comment.
📍HTF Level - Weekly breaker / FVG
📍Range created, 2nd candle manipulated to the HTF level and closed inside the range.
📍The third weekly candle retested the 50% of the wick there I entered at 199.148 - the candle closed inside the range which is another confirmation.
📍4th week opened and retested the range with manipulation above the Asia session.
At this moment, I took partial profit and SL is on the break even.
📍 HTF view
What is CLS?
You may never hear about them.
Just find out about them on Google or their website. This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are simply market maker.
I hope this educational post helps you at least briefly understand my method.
Dave FX Hunter
GBP/JPY: The Pound's Power PlayGBP/JPY is poised for a bullish move due to several key factors. First, the GBP is showing strength against the JPY, supported by recent positive economic data from the UK, including stronger-than-expected GDP growth and rising consumer confidence. Additionally, the Bank of England has indicated a more hawkish stance on interest rates, which is likely to continue supporting the Pound. In contrast, the Japanese Yen remains under pressure due to Japan's ongoing ultra-loose monetary policy, with the Bank of Japan maintaining low interest rates and a weak currency outlook.
The price action on the 15-minute chart shows that GBP/JPY has recently bounced off a strong support level near 196.80, confirming the potential for a continued upward movement. A break above the recent consolidation range indicates a higher probability of the pair testing the next resistance zone around 199, making this a solid target for profit-taking.
The entry level at 197.132 represents a strong point to take advantage of bullish momentum, with the stop loss set just below the key support at 196.800 to protect against potential downside risk. The take profit target of 199 is aligned with a reasonable risk-to-reward ratio, as this level represents the next major resistance point.
Overall, the combination of favorable GBP fundamentals, weak JPY fundamentals, and a solid technical setup supports the view that GBP/JPY is likely to continue its bullish trajectory toward the 199 level, making this a promising trade opportunity with a manageable risk profile.
GBPJPY Is Approaching The Main Trend.Hey Traders, in today's trading session we are monitoring GBPJPY for a buying opportunity around 196.500 zone, GBPJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 196.500 support and resistance area.
Trade safe, Joe.
GBPJPY long idea So looking to go long around 196.500 area,
Caught some sells from the top trend line
It’s been bouncing off it for a couple days now
The bottom trend line is a daily one which it has respected a good few times now.
So it’s looking like a falling wedge , which indicates it’s gonna go burst up and go long. I want it to take the weekly low from last week then it will be good time to go long just be patient 👌🏾
This isn’t a signal just my view on GJ and also using this for future references
GBPJPY $$$
as i expected from last day analysis market reached the low point that i specified and start to pump up now at this point in the area that i specified we can take short with LTF CONFIRMATION and maybe it is possible that the market will move towards high liquidity and after the confirmation that in the low time frame will fall down, in any case it is possible to fall but mates will gather that when liquidity is taken and market make a BOS then the market is bullish and we can go buy
BE PATIENT .
GBP-GPY Analysis This is my idea of Buy and Sell on GBP-GPY. Support and Resistance analysis on a target around 1-1RR.
GBPJPY TREND BASE TRADEExpecting a trend-following buy trade from the current price level. The overall market trend is bullish, with a recent breakout of resistance that led to a new high. Now, the market is retesting this former resistance on the daily chart, which we’re viewing as support.
On the 1-hour chart, a double-bottom pattern has formed, and its neckline has broken. We’ll look to enter a trade on the retest.
Entry 197.247
Sl 196.75
Target's 197.84 , 198.07 & 198.35
GBPJPY First entry was give, now I'm looking for possible scale in for sell.
Enter 197,664
SL 198,128
TP 195,703
But the position will be taken, looking at correspondence with the strategy.
Look at candlesticks formation at the 197,665 level, and trade with SL please.
Enjoy the trade 👌
GBPJPY: Bullish Divergence on SupportGBPJPY is currently holding support at key levels and has formed a bullish divergence on the 30-minute chart, indicating potential upward momentum.
