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GBPJPY - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast: (Daily Time-frame) While the price is below the resistance 199.790, resumption of downtrend is expected. Technical analysis: The descending flag taking shape suggests we will soon see another leg lower. A peak is formed in daily chart at 198.945 on 12/30/2024, so more losses to support(s) 191.884, 189.477, 186.231 and minimum to Major Support (182.782) is expected. Take Profits: 196.006 193.510 191.884 189.477 186.231 182.782 178.409 Total Profit: 2742 pip Closed trade(s): 384 pip Profit Open trade(s): 2358 pip Profit Trade Setup: We opened 8 SELL trades @ 196.68 based on 'Peak' entry method at 2024-12-30, signaled by DTO Closed Profit: TP1 @ 196.006 touched at 2024-12-31 with 67 pip Profit. TP2 @ 193.510 touched at 2025-01-09 with 317 pip Profit. 67 + 317 = 384 pip Open Profit: Profit for one SELL trade is 196.68(open price) - 192.746(current price) = 393 pip 6 trade(s) still open, therefore total profit for open trade(s) is 393 x 6 = 2358 pip __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the 👍 BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! 🙏 Your Support is appreciated! Let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
Short
by ForecastCity
10
GBP/JPY 188.001 - 0.06% LONG IDEA MTF BIAS 🐮🐮🐮HELLO TRADERS Hope everyone is doing great 🛑 New week new opportunities A look at GBPJPY ahead of the new week 👌MULTI-TIMEFRAME ANALYSIS BXY DAILY TIME-FRAME * The POUND index has been range bound. * Looking for it to push higher to take BSL. * Looking for GBP to be strong this week. JPY INDEX DAILY TIME-FRAME * JPY INDEX is on a strong bearish momentum. * Looking for a rejection at the - FVG. * For a continuation with the bears. GBPJPY DAILY TIMEFRAME * Looking for a rejection at the +FVG for a continuation with the bulls. * This would align with both indexes. * continuation bullish would be favored for me until price says otherwise. GBPJPY 4H TIMEFRAME * Bearish Displacement possibly signalling retracement. * Looking to trade into Discount before continuation. * + FVG * Trend continuation. GBPJPY 1H TIMEFRAME * Bearish Displacement possibly signalling retracement. * Looking to trade into Discount before continuation. * + FVG aligning with the 50% * Trend continuation. * strong bearish momentum changes the plan. HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW🛑 lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Long
by PULEMokhothu
6
JPYX Daily Analysis - Will We Break to the Upside?JPYX has been in a descending wedge holding pattern since July of this year and has yet to successfully break out toward the upside. This analysis predicts a pullback from the bear trend up to the Daily 200EMA around 792.0 and if penetrated, to the 807.0 area. Key Points: 1. JPXY is in a descending wedge pattern which is a bullish signal 2. Several bull candles attempting to breakout 3. The bear candles are getting weaker as we consolidate downward 4. The Daily 200EMA target is aligned slightly below the wedge high 5. RSI has some room to move up I do not believe we are in a situation where JPXY will reverse at a macro level, the trend is still bear until we start putting in higher highs on the monthly candles above the Monthly 30EMA. In the short term, I would be careful betting against JPY on the Daily and Weekly given a pullback may be around the corner. As always, trade at your own risk, you are responsible for your trades. I hope this analysis was insightful and useful. Trade wisely and let us know what you think in the comment section below!
PEPPERSTONE:JPYXLong
by TraderEngineering
JPY Pairs On Fire, CADJPY Has A Good Set Up Coming SoonTraders, USDJOU has been on fire since I published this breakout idea (see below). Now JPY pairs may take a little pause and can correct. They are still very strong so if you are looking to short, please ensure that you have a good confirmation. CADJPY is a good candidate for this correction as it has one the cleanest set up available. We have 2 W patterns, one smaller one which is just about to complete. It should give a confirmation either this week or the next. If the mid point is broken then we can see further shoot up towards the completion of a bigger W pattern. USDJPY on the other hand is about reach a zone with mid point around 128. After this we should see a little correction at least. Trade what you see and ignore any hypes. Stay objective. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
Short
by vikinsa
JPY IndexHere are two charts of an equally weighted JPY index. On the right I have the daily timeframe and on the left I have the 4hr timeframe. On the daily, I have marked two zones, a supply and demand zone. Price is much closer to demand than supply giving me the impression that price will have an easier time going up than down. This is setting my overall bullish tone for JPY. On the 4hr chart, we can see price trending down illustrated with a descending channel. On the bottom of the 4hr chart I have the Rate Of Change indicator with an exponential Bollinger Band for contexts. ROC is a basic momentum indicator. I show on the chart that momentum has been diverging with price. The last red candle on the chart(circled on the chart) may have been panic selling. Panic selling is a phenomenon that the end of moves that signal a potential swing low is forming. Notice how the ROC histogram bars were getting smaller and small and then a large bar(circled at the bottom) forms as price puts in a short term low. Conclusion: Looking for JPY strength to continue. If so, I will try to buy JPY against it counterparts. Looking at my relative strength analysis, good currencies to sell against JPY would be GBP, CAD, EUR and AUD.
Long
by Aperna
6