GBPJPY
GBPJPY - Look for Continuation Short (SWING) 1:6.7!The market is clearly shifting, with bears taking control. We just need to wait for the price to reach the right zone for a continuation toward the nearest demand zone to secure profits.
Let's see how the market reacts to this zone.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
GBPJPY potential longAfter a sharp move up form the discount zone and now consolidating on a FAG there is a strong indication that pair will move up before turning down to follow the overall down trend.
Suggestion is wait for a further confirmation by letting the pair break past the PWL level & enter on the pullback & trail stop it to TP1
If price breaks past TP1 level wait for a pullback into the orderblock to enter again before holding for TP2
Since the overall trend is down trade with caution and move your stop loss to breakeven when allowed then trail stop
USDJPY D1 | Bearish DropBased on the D1 chart analysis, we can see that the price is rising toward our sell entry at 192.00, which is a pullback resistance that aligns with 23.6% Fibonacci retracement.
Our take profit will be at 188.33, an overlap support level.
The stop loss will be at 196.00, a pullback resistance level close to 61.8% Fibo retracement
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GBPJPY Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 190 area, GBPJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 190 support and resistance zone.
Trade safe, Joe.
What’s Flowing: GBPJPY ShortThe GBPJPY pair has confirmed a strong bearish trend as it continues to reject key resistance levels and push lower. Recent price action indicates sustained selling pressure, with the pair moving into a lower trading range.
Key Observations:
1. Trend Analysis:
• The pair has broken below critical support zones at 193.95 and 191.45, signaling further downside potential.
• Momentum indicators reflect increased bearish activity, with lower highs and lower lows dominating the structure.
2. Bearish Targets:
• Immediate support lies near 188.94, followed by potential extensions toward 186.43 and 183.93 if the downtrend persists.
3. Risk Management:
• Stop Loss: Place stops above 191.45 for a balanced risk-to-reward setup.
• Take Profit: Scale profits incrementally at key levels, focusing on 188.94 and beyond.
Market Context:
The bearish movement aligns with broader risk-off sentiment, favoring safe-haven currencies like the JPY. Traders should remain vigilant for any retracements or unexpected macroeconomic shifts impacting the GBP or JPY.
Stay tuned for midweek updates as we monitor potential continuation patterns and emerging opportunities.
gbpjpy next moveAs can be seen, a bear flag has also formed. The top of this flag corresponds to the filling of the FVG. In the short term, I expect a further decline to hit the monthly liquidity. After this, I anticipate an upward movement fueled by the momentum from the liquidity grab. At one of the potential liquidity points on the 4H timeframe, there will likely be a break of structure, hopefully forming a new FVG, allowing us to take a significant short position targeting 180,000, where another liquidity grab could occur.
Mastering GBPJPY: Key Trading Zones Revealed for Optimal Entries
Greetings, traders! Welcome to this GBPJPY market analysis, where we focus on identifying higher-probability trading opportunities.
In this video, I start by analyzing the yearly down to the daily charts, highlighting key trading zones, and discussing the confirmations we look for to optimize our swing entries.
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Trade safely
GBPJPY Will Grow! Long!
Take a look at our analysis for GBPJPY.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 190.691.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 191.152 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.
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GBPJPY _ BullishWe’re bullish on GBPJPY as the pair continues to demonstrate strong upward momentum supported by technical and fundamental factors.
Entry Level: 191.000
This level serves as a key zone of confluence, indicating a potential shift in market sentiment. It aligns with previous support, offering a favorable risk-reward entry point for buyers.
Target: 198.500
Our target range is strategically positioned at 198.500, reflecting the potential completion of the ongoing bullish trend. This level is backed by historical resistance, a Fibonacci extension zone, and other key technical indicators suggesting a probable reversal zone.
Analysis Overview:
Trend: The pair remains in a strong uptrend, supported by a bullish market structure on higher timeframes.
Support & Resistance: The 191.000 level represents a significant support zone, with 198.500 being a critical resistance level to watch.
Fundamentals: Favorable conditions in the GBP and JPY economies further reinforce the bullish outlook, including risk-on sentiment driving JPY weakness.
Technical Indicators: Momentum indicators, such as RSI and MACD, confirm bullish divergence, adding strength to this setup.
Risk Management:
As with all trades, proper risk management is key. A stop-loss is recommended below the 189.500 level to mitigate potential risks if the market moves against our analysis.
Disclaimer: This is not financial advice. Ensure you conduct your own analysis and consider market risks before entering a position.
Let me know if you'd like this tailored further!
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
gbp/jpy analysisOn the daily timeframe, the chart has reached the trendline. However, the approach has been gradual, and there are no signs of bullish entry in this area. Therefore, a trendline break is expected, with the price moving toward the 187.097 level, followed by a pullback below the trendline (around 190.7) and a continuation of the downtrend toward the 180.035 level. At this point, buyers are likely to step in, potentially driving the price up to 192.441.
GBPJPY daily/montly liqOn the chart with monthly candles, a liquidity grab can be seen at the last higher low (HL). On the daily timeframe, you can observe that there has already been a break of structure and a test of a fair value gap (FVG). Therefore, the expectation is for further decline. For this, I will conduct an analysis on a smaller timeframe.
GBP-JPY Growth Ahead! Buy!
Hello,Traders!
GBP-JPY keeps falling
Down in a downtrend
And the pair is locally
Oversold so after it
Retests the horizontal
Support level of 189.549
We will be expecting a
Local bullish correction
Buy!
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USDJPY - A Whole Lotta Pips in 2024!USDJPY has been one of our favourites to trade! We've managed to catch the start of the swing points for each wave since the beginning of 2024.
Our entry method remains the same. Break of Trendline. Simple yet very effective if used correctly.
Since our last setup, we've moved +600pips in our direction. We're currently holding it at breakeven and riding out the wave!
See below for our past setups.
Trade 1:
Trade 2:
Trade 3:
Trade 3 (Public Post):
Trade 4 (Public Post):
Trades 3 and 4 have been public setups. Well done to those that were paying attention and caught it!
Goodluck and as always, trade safe!
USDJPY - A Whole Lotta Pips in 2024!USDJPY has been one of our favourites to trade! We've managed to catch the start of the swing points for each wave since the beginning of 2024.
Our entry method remains the same. Break of Trendline. Simple yet very effective if used correctly.
Since our last setup, we've moved +600pips in our direction. We're currently holding it at breakeven and riding out the wave!
See below for our past setups.
Trade 1:
Trade 2:
Trade 3:
Trade 3 (Public Post):
Trade 4 (Public Post):
Trades 3 and 4 have been public setups. Well done to those that were paying attention and caught it!
Goodluck and as always, trade safe!
GBP/JPY BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
Previous week’s red candle means that for us the GBP/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 195.238.
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GBPJPY - Yen will continue to grow?!The GBPJPY currency pair is below the EMA200 and EMA50 in the 4H timeframe and is moving in its downward channel. If it continues to move towards the demand zones, we can buy with a suitable risk reward.
The upward correction of this currency pair towards the supply zone will provide us with the next selling position.
Higher inflation in Tokyo has increased the likelihood of a Bank of Japan interest rate hike in its December meeting. The Cabinet Office of Japan released its September economic report, maintaining its overall assessment of the country’s economic condition. According to the report, Japan’s economy continues to recover at a moderate pace.
The report also highlighted an improvement in bankruptcy conditions, marking the first positive trend in this area in 42 months. This improvement reflects greater stability within Japan’s business sector. Furthermore, the report noted a slowdown in the rise of corporate product prices, which could lead to a more balanced market. The Cabinet Office emphasized the need to closely monitor U.S. economic policies, as shifts in these policies could significantly impact Japan’s economy.
Analysts at JP Morgan predict that the Bank of Japan will raise interest rates twice in 2025, in April and October, bringing its policy rate to 1.0% by the end of the year. Additionally, they forecast two further rate hikes in 2026, pushing rates to 1.5%.
JP Morgan noted that the Bank of Japan’s independent monetary policies could result in weaker performance for Japanese yields compared to other developed markets.
Meanwhile, the Japan Manufacturing Workers Union, representing small and medium-sized manufacturing enterprises, has demanded a minimum base wage increase of 15,000 yen in next year’s wage negotiations. This request exceeds last year’s demand by at least 3,000 yen and marks the highest wage increase proposed in the union’s history. The ultimate goal is to achieve an overall wage increase exceeding 19,500 yen. This development could be seen as positive news for Japan’s government and central bank, as rising wages might indicate mounting inflationary pressures, supporting the normalization of monetary policies.
Tamaki, a member of Japan’s Democratic Party for the People (DPP), stated that the Bank of Japan should evaluate its policies based on wage outcomes for small businesses. He warned that excessive tightening of monetary policy could risk a return to deflation. Tamaki stressed the importance of not rushing changes in monetary and fiscal policies.
In the UK, Finance Minister Rachel Reeves announced a £26 billion ($33 billion) business tax hike that could result in the loss of up to 130,000 jobs. If employers pass this financial burden onto the workforce by reducing employment, the unemployment rate could increase by 0.4%. The analysis also suggests that businesses might respond to higher employer national insurance contributions by cutting working hours or staff.
Separately, the Bank of England recently reported results from its latest stress tests, indicating that all major UK financial institutions are resilient enough to withstand worst-case economic scenarios. While the results have not raised specific concerns, the Bank emphasized its commitment to ongoing close monitoring of the situation.
GBPJPY Set To Fall! SELL!
My dear subscribers,
My technical analysis for GBPJPY is below:
The price is coiling around a solid key level - 192.09
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 191.65
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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