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GBPJPY

Bearish drop off pullback resistance?GBP/JPY is rising towards the pivot which acts as a pullback resistance and could drop to the 1st support. Pivot: 189.58 1st Support: 183.14 1st Resistance: 194.56 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: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by ICmarkets
1
Will GBP/JPY Attempt to Push Higher?Due to it's failed attempts to break each Lower High and the Highest High, I believe it's time for GBP/JPY to sell further. Looking at it on the daily timeframe, I've identified areas of strong support that needs to be broken, preferably with a momentum candlestick and a close below from H4 to Daily. Target prices identified, coincide with the various structural supports as well as Fib Trend Extension levels with the final target being a possibility for price to "spike" into, reversing for a possible retracement. View video for a full explanation and identified TPs. Please "like" and feel free to comment with your own ideas or agreement!
Short
by rhashedaw
5
GBPJPY MONDAY TRADE SIGNAL📊 GBP/JPY 30-Minute Chart Analysis 🔹 Current Trend: The market has been in a strong downtrend, respecting the 20-period WMA (Weighted Moving Average) as dynamic resistance. 🔹 Key Levels: ✅ Support Zone: 187.500 - 187.334 (Marked in Green) ✅ Resistance Zones: 188.414 & 190.021 - 190.313 (Marked in Red) 🔹 Trade Setup: 📈 Possible Buy Opportunity: Price is holding at a key support zone, showing potential for a short-term retracement towards the resistance level at 188.414 or even 190.021 before continuing lower. A break & retest of the small resistance zone (marked in brown) could confirm a bullish move. 📉 Overall Bearish Bias: If price reaches the higher resistance zone (190.021 - 190.313), it may create a strong selling opportunity. A rejection from resistance could trigger a continuation of the downtrend, targeting new lows below 187.000. 🔹 Trading Plan: Short-term traders can look for buy scalps towards resistance. Swing traders should wait for a liquidity grab near resistance before entering a sell position targeting 186.500. 📌 Watch for confirmations like: ✅ Bullish rejection candles at support ✅ Break & retest of the marked zones ✅ Price action signals at resistance ⚡ What’s your bias on GBP/JPY? Bullish or Bearish? Drop your thoughts in the comments! ⬇️🔥 #GBPJPY #ForexTrading #MarketAnalysis #PriceAction #TradeSetup
Long
by naumanfx_
5
GBPJPY is in the Down TrendHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
GBPJPY Price ActionHello Traders, I hope you're all doing well! I wanted to share a quick market observation with you. On the 4H timeframe, I noticed that price entered the demand zone and swept the liquidity. After switching to the 1H and then the 30M timeframes, I observed a divergence forming. For those of you who trade based on divergences, this might be worth checking out. Personally, I prefer to focus on price action, and from what I see, there’s enough supply in the current zone. I believe it’s now time for demand to take over, which could lead to a reversal. If price starts moving, we might see a Rally Base Rally pattern forming. Keep a close eye on this setup, and as always, trade wisely. Wishing you all the best and happy trading! Cheers!
Long
by SuvashishFx
GBPJPY Will Go Higher From Support! Buy! Take a look at our analysis for GBPJPY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 190.245. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 193.925 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
GBPJPY BEST INTRADAY SETUPThis analysis focuses on the GBP/JPY 1-hour chart, highlighting key supply and demand zones. Resistance Zone (191.600 - 192.000): If price retraces to this level, a rejection could lead to a further drop. Support Zone (190.200 - 190.400): Price is currently reacting to this area. A break below could trigger a deeper move. Major Demand Zone (189.500 - 189.700): If the current support fails, price may head toward this strong demand area, potentially providing a long opportunity. Possible Scenarios: Bullish Case : If price holds above 190.400 and breaks the 191.600 resistance, we could see an upward push. Bearish Case : A rejection from 191.600 or a break below 190.200 may lead to a drop toward 189.600. Stay cautious and watch price action confirmations before entering trades! 🚀
Long
by naumanfx_
7
GBPJPY at Key Support: Potential Rebound AheadOANDA:GBPJPY is approaching a key demand zone, marked by prior price reactions and significant buying pressure. This zone has historically acted as strong support, suggesting the potential for a bullish reaction if buyers step in. If the price confirms a rejection from this demand zone, I anticipate an upward move toward the 191.450 level, which aligns with a logical retracement level. Traders should look for bullish confirmation signals, such as bullish engulfing candles or a series of higher lows, to validate potential long positions.
Long
by DanieIM
1
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.
Long
by syomking76418
GBP/USD Trend Reversal? Smart Money Entering the Market!GBP/USD is a major forex pair representing the exchange rate between the British Pound (GBP) and the US Dollar (USD). The current price is 1.25100, and the target price is set at 1.27000, indicating an expected upward movement. This trade setup suggests a potential gain of over 200 pips if the price reaches the target. A pip, or "percentage in point," is a standard unit of movement in forex trading, where 1 pip in GBP/USD is 0.0001. The trend line breakout confirms a bullish signal, meaning the price has moved above a key resistance level. Strong volume support indicates that many traders are participating in this move, adding to the momentum. A breakout with high volume often leads to sustained price movement, increasing the likelihood of hitting the target. If the trend continues, traders might see further gains beyond the expected 1.27000 level. However, risk management is crucial, as market conditions can change unexpectedly. Keeping an eye on economic news and key events related to the UK and US economies is essential. Overall, this setup suggests a strong buying opportunity for traders looking to capitalize on the breakout.
Long
by AndrewsMarket-Mastery
GBPJPY Triangle pushing higher.GBPJPY is trading inside a Triangle pattern with the price starting a rebound yesterday on its bottom. A crossing over the MA200 (4h) confirms the bullish extension. The previous bullish wave surpassed the 0.786 Fibonacci to price a High at the top. Trading Plan: 1. Buy on the current market price. Targets: 1. 196.900 (0.786 Fib). Tips: 1. The RSI (4h) is on the exact same levels as December 4th. That was also at the start of the previous bullish wave. Please like, follow and comment!!
Long
by TradingBrokersView
GBPJPY Expected Growth! BUY! My dear friends, GBPJPY looks like it will make a good move, and here are the details: The market is trading on 190.78 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 192.09 Recommended Stop Loss - 190.04 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1