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GBPJPY

GBPJPY Awaiting Breakout for Potential DropGBPJPY is currently trading at 192.150, with a target price set at 186.000. The trade setup anticipates a potential gain of over 600 pips if the price reaches the target. A symmetrical triangle pattern has formed, indicating market consolidation and indecision. Traders are closely watching for a breakout, which will determine the next major price move. If the breakout happens to the downside, strong bearish momentum is expected. The target of 186.000 is likely based on technical projections from the pattern's measured move. Confirmation of the breakout is crucial before entering the trade to avoid false signals. Risk management, including a stop-loss, is essential to protect against unexpected reversals. Economic events and central bank policies could influence GBPJPY’s movement. Monitoring volume and price action near breakout levels will help assess the trade’s strength.
Short
by AndrewsMarket-Mastery
CHFJPY Symmetrical Triangle Pattern AnalysisCHFJPY is currently trading at 170.100, with a target price set at 165.000. The trade setup suggests a potential gain of over 500 pips if the price reaches the target. A symmetrical triangle pattern has been identified on the chart, a common technical pattern indicating consolidation before a breakout. In this case, the breakout has already occurred to the downside, signaling a bearish trend. Traders often expect strong momentum after a confirmed breakout, reinforcing the probability of price decline. The target of 165.000 is likely based on measured move calculations from the triangle pattern. Risk management strategies, such as stop-loss placement, are crucial to mitigate potential reversals. Fundamental factors like central bank policies or economic events could influence the trade’s outcome. If selling pressure continues, the price may reach the target faster than anticipated. Monitoring key support and resistance levels will help assess trade validity.
Short
by AndrewsMarket-Mastery
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.
Short
by syomking76418
AUD/JPY Bearish Pennant Breakout and 500+ Pips TargetAUD/JPY represents the Australian Dollar against the Japanese Yen in the forex market. The current price is 96.800, with a target price of 86.000, indicating a strong bearish outlook. The expected price drop suggests a potential gain of 500+ pips if the trade moves as predicted. The analysis is based on the bearish pennant pattern, a continuation pattern signaling potential further downside. The price is currently consolidating within the pennant, awaiting a breakout. A bearish breakout would confirm strong selling pressure, leading to a sharp decline. Traders anticipate a drop toward the 86.000 level once the breakout occurs. This setup aligns with technical analysis, where pennants often lead to significant price movements. If the breakout is confirmed, momentum could accelerate the decline. Risk management is crucial, as false breakouts can occur.
Short
by AndrewsMarket-Mastery
GBPJPY: Imminent bullish breakout. Long term target 208.000GBPJPY is neutral on its 1D technical outlook (RSI = 49.276, MACD = -0.320, ADX = 25.216) as it is consolidating around its 1D MA50. The Channel Up since the August 5th 2024 Low as well as its RSI structure, draws comparisons with the 2023 Channel Up, which after one last pullback, it rebounded to the 2.0 Fibonacci extension and beyond. We're turning bullish (TP = 208.000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
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
USD/JPY Hits Target Again! Massive 500 Pips Move! What's Next?By analyzing the USD/JPY daily chart, we observe that the price has dropped precisely from the 156.75 zone, as anticipated in our analysis, and has hit the 154 target! The key demand zone is between 153 and 154.3, while the significant supply zones are 155.40, 157 to 158.2, and 158.8, respectively. The total return from this analysis has exceeded 500 pips so far! With your support, this analysis will be updated soon! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban The Latest Analysis : |
Short
by ArmanShabanTrading
10
GBPJPY - 1hr ( Buy Trade Target Range 180 PIP )☑️ Pair Name : GBP/JPY Time Frame : 1hrs Chart / Close Scale Type : Large Scale Best Break Our / Key level's 1hr Tf The GBP/JPY currency pair, analyzed on a one-hour chart with a large scale, indicates a bullish sentiment following a breakout at the key level of 192.950. This level, characterized by high trading volume, serves as a critical threshold for potential upward movement. Traders should closely monitor this area for confirmation of sustained bullish momentum. ☑Bullish After Break Out key level + High Volume / 192.950 Area
Long
by GentleGoldenEngine
3
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/JPY Tests Resistance Zone: Breakout or Rejection?GBP/JPY Analysis: Trendline Support: The price is forming higher lows (HL), with the trendline providing strong support, maintaining a bullish structure. Resistance Zone : A key resistance zone between 197 and 199.5 has caused multiple rejections (1, 2, 3), indicating a strong supply area. Next Move: If the price retests the resistance zone and faces rejection, it may form HL5 near the trendline before another potential breakout.
Long
by unichartz
GBPJPY Weekly Forecast: BUY IT!This forecast is for the upcoming week, Jan 27 - 31st. GBP is been outperforming the JPY since the Covid lows of 2020, including last week. I think this will continue into next week, despite the BOJ raising the interest last week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
by RT_Money
3
GBPJPY am currently monitoring GBPJPY, as I believe the pair is poised for a bullish trend reversal. After observing recent price action, it seems that GBPJPY has reached a critical support level at 191.300, which has historically acted as a significant zone for potential price bounces. Given the strong market dynamics, I expect that this level will hold, setting the stage for a possible upward reversal. Looking ahead, my target for this potential bullish move is around the 194.700 level. This price target aligns with key resistance zones and recent market structure, suggesting that if the bullish reversal materializes, GBPJPY could make its way towards this area. Key factors I’m considering for this outlook include: Support at 191.300: This level has provided a solid base for the pair, and any break above this zone could signal further strength. Bullish Momentum: Indicators are beginning to show signs of upward momentum, which aligns with my expectation of a trend reversal. Market Sentiment: I’m closely watching overall market sentiment, especially as it pertains to GBP and JPY fundamentals, which could play a role in fueling the upside potential. I will be watching for confirmation of the reversal in price action, and I’ll look for higher highs and higher lows as the trend shifts. If the price begins to break key resistance points along the way, this will further validate the upward move toward 194.700. As always, risk management is key, and I will be watching for any signs of invalidation below 191.300, which could suggest a reassessment of the trade. Stay tuned for updates, and good luck to all traders!
Long
by The_fx_GreyTrader
GBPJPY Update: The Bulls Are in Full Control – What’s Next?What’s great, everyone! We’re back with another GBPJPY update, and it’s January 24, 2025. The market has been playing out exactly as we anticipated, and we’ve been capitalizing on every move with precision. If you’ve been following our breakdowns, you’ll remember that on January 17, we entered a long position at the 192.97 level. Some asked if this level would break, and I confidently said yes. Why? Because every retest of the 192.43 structure level held firm, showing strong buying interest. Once we got a confirmed break and close above 193.34 with volume, we knew the next leg higher was coming. Today, we took another long position after an H4 candle closure, targeting the highs at 194.69, which are well within reach. Beyond that, we’re eyeing the 198.10 and 198.85 levels as the market continues to respect the current range. As I always say, the market ranges 75-80% of the time, and knowing how to trade within these areas is key to consistent profits. Looking at the weekly chart, we see a powerful bullish candle forming with strong volume. If it closes this way, I’ll continue looking for buy opportunities up to the range highs. However, if we see weakness or a wick forming at the top, we’ll reassess. Key levels to watch: • Support: 192.43 (previous structure hold) • Targets: 194.69 (hit), 198.10, and 198.85 • Potential pullback areas: 194.00 for a re-entry opportunity As always, the market seeks liquidity, and our entries have been positioned strategically to capture these levels. If you haven’t seen the previous breakdowns, check them out to understand the full picture of this trade. If you’re enjoying these updates and want more in-depth breakdowns, make sure to boost the post, follow, and share with your fellow traders. Stay tuned for the next update as we continue to dominate GBPJPY! See you in the next one – peace!
Long
by BlueOceanFxAcademy
GBP/JPY "The Guppy" Forex Market Heist Plan on Bullish🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the GBP/JPY "The Guppy" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉 Entry 📈 : Traders & Thieves with New Entry A bull trade can be initiated at any price level. However I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Using the 2H period, the recent / nearest low or high level. Goal 🎯: 198.500 (or) Escape Before the Target Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Fundamental Outlook 📰🗞️ Based on the fundamental & macro analysis, I would expecting a bullish outlook for GBP/JPY "The Guppy" Forex Market Fundamental Analysis----- 1. Interest Rate Differential: The Bank of England (BoE) and the Bank of Japan (BoJ) have different interest rate policies. A higher interest rate differential between the two countries can make GBP/JPY more attractive to investors, potentially driving up the pair. 2. Inflation Rates: UK inflation rates have been relatively high compared to Japan. Higher inflation in the UK can lead to higher interest rates, making GBP/JPY more attractive. 3. Economic Growth: The UK's economic growth has been slower than expected, while Japan's economy has shown signs of improvement. A stronger Japanese economy can lead to a weaker GBP/JPY. 4. Trade Balance: The UK's trade balance has been in deficit, while Japan's trade balance has been in surplus. A worsening trade balance in the UK can lead to a weaker GBP/JPY. Macro Analysis----- 1. Global Risk Appetite: GBP/JPY is considered a risk pair, meaning it performs well when global risk appetite is high. A decrease in global risk appetite can lead to a weaker GBP/JPY. 2. Central Bank Policies: The BoJ's monetary policy has been more dovish than the BoE's. A more dovish BoJ can lead to a weaker JPY, making GBP/JPY more attractive. 3. Geopolitical Tensions: Geopolitical tensions, particularly between the US and North Korea, can lead to a safe-haven flow into JPY, weakening GBP/JPY. 4. Commodity Prices: Japan is a major importer of commodities, so higher commodity prices can lead to a weaker JPY, making GBP/JPY more attractive. Current Market Situation----- - The BoE has maintained a hawkish tone, while the BoJ has remained dovish. - UK inflation rates have been relatively high, while Japan's inflation rates have been low. - Global risk appetite has been decreasing due to trade tensions and geopolitical uncertainty. Bullish Factors----- - Higher interest rate differential between the UK and Japan - Stronger UK inflation rates - Weaker JPY due to the BoJ's dovish monetary policy Market Sentiment: Market Mood: The current market mood is cautiously bullish, with a slight bias towards buying the GBP/JPY pair. Speculative Positioning: According to the Commitment of Traders (CoT) report, large speculators (such as hedge funds and institutions) are net long the GBP/JPY pair, indicating a bullish bias. Market Trends: The GBP/JPY pair is currently trading in a range-bound market, with a slightly bullish trend. News and Events: Recent news and events, such as the UK's economic growth and Japan's economic stimulus, have been supportive of the GBP/JPY pair. Technical Indicators: Technical indicators, such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), are indicating a bullish trend. Disclaimer---Sentiment & Fundamental analysis is subjective and based on publicly available data. It should not be considered as investment advice. Trading forex involves risk, and you could lose some or all of your investment. Always do your own research and consider multiple sources before making a trade. Trading Alert⚠️ : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
Long
by Thief_Trader
Gold Hits $2,770 Target – Will It Break Historical Highs Today?Analyzing the 4-hour chart of gold, we observe that the price reacted to the expected levels of $2,755, $2,757, and $2,759 yesterday, followed by a strong breakout to hit our anticipated target of $2,770. Currently trading at $2,777, gold shows no signs of rejection or a significant pullback. As the final trading day of the week unfolds, the big question remains: will gold surpass its previous historical high of $2,790? With today's growth reaching $2,780, it's just 100 pips away from breaking that record. The opening of New York markets could provide the decisive momentum. A new historical high and even targets beyond $2,800 seem within reach! Stay tuned for updates, and don't forget to support this analysis with your reactions to keep the momentum going. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDLong
by ArmanShabanTrading
19