USD/CAD Retest Nearing Completion, Strong Bullish Wave Incoming USD/CAD is trading at approximately 1.4170.Our target price of 1.8000 suggests an anticipated upward movement of over 38,000 pips, indicating a highly bullish outlook. You note that the pair is completing a retesting period, potentially leading to a strong bullish wave.
Technical analysis indicates that USD/CAD has been consolidating around recent highs, with the market awaiting key economic data to determine its next direction. A significant support level to monitor is 1.3950; a break below this level could shift the bias from bullish to bearish. Conversely, maintaining support above this level may reinforce the bullish scenario.
Fundamentally, the Canadian dollar has recently strengthened, reaching a two-month high against the U.S. dollar. This appreciation was driven by a decrease in U.S. bond yields and positive Canadian labor market data, including a drop in the unemployment rate to 6.6% and the addition of 76,000 new jobs in January 2025. These factors have eased concerns about an economic slowdown in Canada.
In summary, while the USD/CAD pair is currently exhibiting consolidation, the completion of the retesting period could lead to a strong bullish wave toward your target price. Traders should closely monitor key support levels and upcoming economic data releases to make informed decisions.
GBPJPY
GBP/JPY setting up for a swing-trade short?My core bias this year is for the Japanese yen to outperform, and for yen pairs such as GBP/JPY, EUR/JPY and AUD/JPY etc to suffer.
We are currently within a countertrend bounce against a much larger bearish move on GBP/JPY, but a doji formed just beneath a resistance cluster on Thursday to suggest the bounce is pausing, if not correcting itself.
The 1-hour chart shows that volumes were rising while prices fell from Thursday's high, and volumes were lower as they recouped some of those losses. Yet with GBP/JPY now trying to form a bearish outside candle on the 1-hour chart, perhaps a swing high has already formed.
The near-term bias is bearish while prices remain beneath 192.50, and for prices to fall to at least the 38.2% Fibonacci ratio ~190.75.
Matt Simpson, Market Analyst at City Index and Forex.com
GBPJPY Seems to Almost Switch The Trend!Hey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 193.200 zone, GBPJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 193.200 support and resistance area.
Trade safe, Joe.
GBPJPY | 15M | SELL LIMIT ORDER Don't forget to press like if you want to receive updates of this analysis. 🚀
SIGNAL ALERT
SELL LIMIT ORDER - GBPJPY ( OANDA:GBPJPY ) | 193,450 OR 192,146
🟢TP1: 192,000
🟢TP2: 191,840
🟢TP3: 190,753
🔴SL: 193,559
RISK REWARD - 1,51
Thanks to everyone who supports my analysis with likes.🫡
GBP/JPY Breakdown: Massive Short Opportunity or Bear Trap?Overview:
GBP/JPY has been a strong focus, and for those following along, we’ve been anticipating short opportunities as the market structure continues to favor downside momentum. Recent price action has set up another potential short entry, aligning with our long-term bearish bias.
Weekly Timeframe: Major Rejection & Momentum Shift
• Double Top Formation: GBP/JPY formed a classic M pattern around 198.89, rejecting that level twice before reversing.
• Break of Key Support: The critical support level at 189.94 has been tested multiple times, acting as a floor before it finally broke last week with strong momentum.
• Volume Confirmation: The breakdown occurred with increased volume, signaling real selling pressure and further validating bearish sentiment.
Daily Timeframe: Retracement & Liquidity Grab
• Impulse Move Lower: After breaking support, GBP/JPY dropped aggressively, marking a fresh lower low.
• Pullback to Trap Buyers: The market retraced back up, but this was more than just a normal correction—it was a liquidity grab.
• Traders who went short too early had stop losses at key resistance levels, and price wicked up to stop them out before resuming downward.
• Instead of a smooth retracement, we saw sharp moves up, which is a telltale sign of liquidity collection before continuation.
H1 Timeframe: Entry & Trade Execution
• Structure Shift:
• Initially, price was making higher highs and higher lows within the pullback phase.
• However, we broke that bullish structure, confirming the reversal.
• Retest Confirmation:
• Price tested the breakdown level, creating a strong entry opportunity for shorts.
• Entry Execution:
• First Entry: Placed a small short position as price retested.
• Second Entry: Increased position size once the breakdown was confirmed with a bearish close.
Key Invalidations & Targets
✅ Bearish Scenario (Primary Outlook):
• As long as price stays below 192.32, shorts remain valid.
• If momentum continues downward, targets include:
• First target: 189.94 (previous key support, now resistance).
• Next levels: 187.50, then possibly 185.00 if momentum follows through.
❌ Invalidation (Bullish Breakout Scenario):
• If GBP/JPY pushes above 192.32, holds, and breaks 192.98, the bearish thesis is invalid.
• In that case, we may see a continuation higher, forcing a cut on shorts and a reevaluation of market conditions.
• Stop Loss: Set above 192.98 at 193.06 to protect against a breakout reversal.
Conclusion:
GBP/JPY remains in a high-probability short zone, with technical confirmations aligning on multiple timeframes. If price remains under key levels, we expect further downside, with liquidity already being grabbed from early sellers. However, as always, if price invalidates the setup by reclaiming resistance levels, risk management is key.
📉 Short bias remains intact unless 192.32 is broken and held.
🔹 If you found this breakdown useful, make sure to like, share, and let us know your thoughts. If you see an alternative setup, drop your analysis—always open to different perspectives! 🚀
GBPJPY Price ActionHello Traders,
If you entered during the aggressive selling phase, I hope you managed to capture at least 100 pips! Now, as you can see, the price action has formed a Head & Shoulders pattern. However, I don’t trade patterns blindly—this setup is backed by a fresh 4-hour Supply and Demand zone, which adds more weight to the trade idea.
If the price respects this zone, we can expect a drop. But remember, always take small risks and manage your position size wisely. Don’t get greedy—stick to your plan and let the market do its thing. The beauty of trading is that the market repeats itself over and over again.
Stay disciplined, trade smart, and happy trading!
GBP/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 8H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 189.599 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBPJPY Price ActionWe’ve already hit our take-profit (TP) target, and the price has now reached the highest volume zone, which is where it previously dropped from. Currently, the price is attempting to form a higher high, but the upward momentum is slowing down. If you look at the volume, there’s a noticeable divergence—price is making progress, but the volume at the bottom isn’t significant, indicating weakness in the move.
For your take-profit levels, you can aim for TP1 which around 250+ pips during the initial impulse move and TP2 which is 450+ pips if the price continues to push higher. Keep an eye on the volume and momentum for confirmation.
Hint - FOR SL Don't use more than 30-40 Pips or MAX 50 Pips Depends Your Lot Size and Risk Management.
Bearish reversal off overlap resistance?GBP/JPY is rising towards the pivot which has been identified as an overlap resistance that aligns with the 127.2% Fibonacci extension and could reverse to the 1st support.
Pivot: 194.65
1st Support: 190.64
1st Resistance: 197.23
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
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GBPJPY - Potential short idea !!Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. Price filled the imbalance and rejected from trendline, as well formed hidden divergence for sell. On H1 we have regular divergence and if price breaks the structure, I will open a short.
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GBPJPY Buying Opportunity - Clear support zone in sightOANDA:GBPJPY is approaching a robust support zone, marked by bullish reversals and stronger buyer interest. The recent bearish pressure has brought the price into this critical area again, creating a potential buying opportunity.
If we get bullish confirmation, I anticipate a move toward 191,350. However, a breach of this support could invalidate the bullish outlook and lead to further drop.
Carefully assess price action at this level and ensure proper risk management before taking positions. What’s your opinion on this setup? Share your ideas or feedback in the comments below!
THIS IS NOT FIANANCIAL ADVICE.
GBPJPY Will Move Lower! Short!
Take a look at our analysis for GBPJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 191.143.
The above observations make me that the market will inevitably achieve 190.342 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBP/JPY (1H) Analysis & Trading OpportunityMarket Structure:
Break of Structure (BOS): Indicates prior bearish momentum.
Change of Character (ChoCH): Signals a potential trend reversal to bullish.
Demand Zone (Highlighted in Blue at ~187.500): Price reacted strongly, causing an impulsive move up.
Supply Zone (Highlighted in Red at ~191.500): A previous resistance level where price might slow down or reverse.
Current Price Action:
Strong bullish momentum from the demand zone (~187.500).
Price is approaching the supply zone (~191.500), which could act as resistance.
If price rejects the supply zone, a short opportunity may arise.
If price breaks above the supply zone with strong momentum, a pullback and retest could offer a buy entry.
Trade Setup Idea:
📌 Sell Setup (If Rejection at 191.500)
Entry: Near 191.500 resistance
Stop-Loss: Above 192.000
Take-Profit: 189.500 (previous minor support)
📌 Buy Setup (If Break & Retest Above 191.500)
Entry: After a pullback and confirmation above 191.500
Stop-Loss: Below 190.800
Take-Profit: 193.500
GBPJPY Falling Wedge giving a bottom buy signalGBPJPY is on a rebound that is approaching the 4hour MA50.
Based on the 1 month Falling Wedge pattern, a rejection is expected, same as January 14th to the 1.1 Fibonacci extension.
This should technically be the bottom buy opportunity to target the 0.5 Fibonacci extension at 190.100.
Follow us, like the idea and leave a comment below!!
GBPJPY TRADE DON'T MISS THIS OPPORTUNITY 📈 GBP/JPY Buy Setup - 4H Analysis 🚀
I'm currently looking at a potential bullish move on GBP/JPY based on recent price action. The pair has been in a downtrend but has found support around 188.00-188.50, showing signs of reversal.
🔹 Entry: Around 189.10-189.30
🔹 Stop Loss: 187.76 (Below recent lows)
🔹 Target: 191.83 (Previous resistance level)
🔍 Analysis Breakdown:
✅ Price has rejected a key support zone, indicating potential upside.
✅ Bullish momentum is forming with higher lows on lower timeframes.
✅ Risk-to-reward ratio is favorable, aiming for a 2:1+ setup.
I'll be monitoring this trade closely. Let me know your thoughts! 📊📢
#GBPJPY #ForexTrading #PriceAction #TradingView #ForexSignals #FXAnalysis 🚀💹
Trading minute impulseOn the minute timeframe of GBPJPY at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
GBP/JPY Ready To Go Up And Give Us 250 Pips , Ready ?As we see we have a very good bullish price action now , and finally we have avery good closure above 1H Trend Line , so i`m looking to buy this pair when the price back to my support and give me any bullish price action , and i`m targeting 250 pips .
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPJPY Inverse Head & Shoulders Set-UpOANDA:GBPJPY has formed the Bullish Reversal Pattern, Inverse Head & Shoulders!
Price has broken up above the Down-sloping Neckline to confirm the pattern.
Once the Break is Validated by retesting the Neckline and is Supported, the pattern could deliver a good buying opportunity around the 188.5 area to take up to the February Resistance Level and potentially further!
Fundamentally,
GBP has GDP on Thursday
**Beware of False Break creating a Bearish Trap. Watch for adequate Bullish Volume to Follow the Break and the Retest suggesting Bulls are interested!
GBPJPY Price ActionHello Traders,
Last week, we observed significant supply, which has nearly been exhausted as we move into this week. Now, the focus shifts to demand—provided there’s no hidden supply left. You can also see the breakout happening, and I took an early entry, which I plan to hold throughout this week.
If the price breaks through key levels, wait for a pullback before entering. However, the best time to enter the market is now. I hope this makes sense to everyone.
Remember, risk management is everything. Always use a stop loss and avoid being greedy. Market structures tend to repeat themselves over time.
Wishing you all the best and happy trading! Thank you.
BNXUSDT Double Bottom Pattern s Potential 100%-150% GainBNXUSDT has recently shown signs of a promising bullish reversal pattern known as the Double Bottom Pattern, which has garnered significant investor interest. The Double Bottom is a well-known chart pattern that signals a potential reversal of a downtrend, and its presence suggests that the price could soon make a sharp move upward. With strong volume behind this pattern, it indicates that the market sentiment is shifting positively, with more traders entering the market. This could lead to a significant price rally in the coming days or weeks, with potential gains ranging from 100% to 150% or more.
Investors are closely watching BNXUSDT, as this coin has caught attention due to its solid technical setup. The good volume accompanying the pattern is a key signal of confidence in the market, and it increases the likelihood of this breakout becoming a reality. As the market sentiment grows more bullish, traders may see this as a perfect entry point for capturing substantial gains. The combination of solid technicals and growing investor interest positions BNXUSDT as one of the most talked-about crypto pairs for the near future.
Additionally, this pattern reflects a strong level of support that BNXUSDT has established, further validating the potential for a reversal. If the price manages to break above the resistance level, it could trigger a new bullish trend that sees the price move higher. The increase in volume suggests that buyers are ready to take control, and this trend could continue, especially if the broader crypto market shows positive movement. Investors who enter at the right time could benefit from explosive returns as the price looks to retest its previous highs.
As always, it’s important to monitor the broader market conditions, including the performance of Bitcoin and other major altcoins, as they can impact the movements of BNXUSDT. Traders should also keep an eye on key support and resistance levels to make informed decisions. Overall, BNXUSDT presents a compelling opportunity for traders looking for high-reward setups, and with a solid Double Bottom Pattern in play, it could be primed for a major breakout in the near future.
GBP-JPY Will Keep Falling! Sell!
Hello,Traders!
GBP-JPY is trading in a
Downtrend and the pair
Broke the key horizontal
Level of 189.000 and the
Breakout is confirmed so
We will be expecting a
Further bearish continuation
Sell!
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