British Pound / Japanese Yen
Long
Updated

GBPJPY

311
Hello traders.

The first trading opportunity of the day comes from the GBPJPY pair. The bullish scenario on this pair remains intact, and this is largely due to its strong correlation with USDJPY.

For the first time since May 17, USDJPY has climbed back to the 147.00 level, which has triggered momentum across all other JPY-related crosses. GBPJPY is one of the strongest beneficiaries of this movement, and we are now seeing a solid buy setup on the 30-minute chart.

I’ve personally entered the trade and am sharing the full breakdown with you below:

🔍 Trade Details
✔️ Timeframe: 30-Minute
✔️ Risk-to-Reward Ratio: 1:1.50
✔️ Trade Direction: Buy
✔️ Entry Price: 197.351
✔️ Take Profit: 198.003
✔️ Stop Loss: 196.918

🕒 If momentum weakens or the price stalls in a tight range, I will keep this trade open only until 23:00 (UTC+4). After that, I’ll close it manually—whether in profit or loss—depending on how price action evolves.

🔔 Disclaimer: This is not financial advice. I’m simply sharing a trade I’ve taken based on my personal trading system, strictly for educational and illustrative purposes.

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Trade active
Yes
Note
I've updated the Take Profit target for this trade to 197.748, which adjusts the Risk-to-Reward ratio to 1:2.50.
Note
I manually took profit at the 197.557 level and closed a small portion.
Trade closed: target reached
Yes:)

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