British Pound / Japanese Yen

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British Pound / Japanese Yen forum



GBPJPY GJ Daily outlook, last week GJ stay below 199.67 and today remain unchange remain neutral for more consolidation, deeper pullback might be seen for today or next few day, the outlook will stay bullish as long 195.2x~195.5x support hold. Break and stay above for 199.67 ~199.97 of range will resume the rise to 200.76 at first and may further up to 202.15~202.35
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GBPJPY 🔔 Trade Entry Recommendation:

Entry Zone: 198.70
This zone presents an ideal entry point for sell, as it lies just above a critical support area,


🛡 Stop Loss:

SL: 199.50
Placing the stop just below the support zone offers a favorable risk-reward ratio, while still allowing for normal price fluctuations.


🎯 Take Profit Targets:

TP1: 198.00
The first target is modest and offers a quick profit potential, ideal for short-term traders.

TP2: 197.50
This level represents a stronger resistance area, where partial profit-taking is recommended.

TP3: 197.000
A psychological round number and a historical price ceiling, which could act as a natural barrier.


Risk/Reward Analysis: This trade setup offers a solid risk-to-reward ratio. The entry and stop-loss are tightly aligned to minimize losses, while the profit targets provide ample upside potential.

GBPJPY Still on Consolidation as previously stated. But this move wont last. Link in my bio for more explicit plan.
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GBPJPY

Speak My Mind – GBPJPY

GJ still playing around in that top range — structure bullish, but price ain’t made that real move yet. I’m watching that dancing money sitting in the middle of this 4H structure.

I need a clean sweep first, then that 30M OB to get touched. That’s my cue.

Once that hits, I’m posted on 5M, waiting on confirmations. Same plan — let Smart Money print the blueprint, I just step in where it makes sense.

5M highs are in sight, maybe 30M if price delivers strong. Until then, sniper in the grass.
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GBPJPY for my own view, next week we will get more bullish, anyway this is not an signal, is my point of view cause last week GAP down we still never close, may be the bullish sign will start from now …. Anyway happy trading for everyone and good weekend … cheers

GBPJPY is going to close on the pivot around 198.300 in a sideways pattern. Next week will decide either 150 pips up or down.

GBPJPY gbpjpy buy now
Entry Point: Around 198.650 TO 198.550

Take Profit 1: 199.050

Take Profit 2: 199.500

Last Target: 199.900

Stop Loss: 198.050