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JAPANESE YEN / BRITISH POUND forum

1 hour ago

not yet baby

1 hour ago

it will fall
tradingview.com/x/lgU7ihhk

4 hours ago

Happy new year folks
such a nice drop

4 hours ago

enjoy the pullback guys, book some profit, let the rest run

9 hours ago

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.

10 hours ago

buy around 197.5 if price gets pullback

12 hours ago

📊 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!