GBPJPY
GBP/JPY BULLS ARE STRONG HERE|LONG
Hello, Friends!
We are now examining the GBP/JPY pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 202.738 level.
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GBPJPY | Bearish reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 199.49, which is a pullback resistance close to 38.2% Fibonacci retracement.
Our take profit will be at 196.96, a swing low support level.
The stop loss will be at 201.37, a pullback resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
XAU/USD : Be Ready for LONG ! (READ THE CAPTION)Upon a recent review of the #gold chart on the 2-hour timeframe, we observed that the price dropped to $2383, filling the Fair Value Gap (FVG) it created, and then surged to $2412 due to strong demand. If the price maintains support between $2388 and $2397 and breaks above $2412, we can expect further growth. Potential targets are $2420, $2429, $2443, and $2451.9. This analysis is crucial, so keep an eye on the specified levels on the chart!
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
GBPJPY Correction technically over. Buy opportunity.The GBPJPY pair is currently on a 3-week correction, the strongest and longest since the one that ended on the week of December 11 2023. That was also the last time the pair closed a 1W candle below the 1D MA50 (red trend-line).
As the long-term pattern is a 22-month Channel Up, every 1W candle closing below the 1D MA50 is a buy opportunity. The last Higher High was priced on the 1.5 Fibonacci extension from the first 1W closing below the 1D MA50. As a result we treat this as a new long-term buy opportunity with our Target at 210.000.
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GBPJPY H4 | Bullish reversal Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 197.95, which is an overlap support close to 61.8% Fibo retracement.
Our take profit will be at 201.35, a pullback resistance.
The stop loss will be placed at 194.91, which is an overlap support level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
GBP/JPY - 4hrs ( Sell Trade Target Range 360 PIP ) ⭐️Pair Name : GBP/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Short )
Type : Mid Term Swing
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Bearish Break
203.950
Bullish Reversal
20.000 Area
GBPJPY: A Big Buy Is Coming Up, Worth 1200+ Pips! §§Our Last idea on. GBPJPY did not work out as we had planned, however, we still expect price to go beyond 209 region and create a record higher high. This correction is a great sign as this will create more of more buyers coming in the market. Good Luck.
GBPJPY Will Go Lower! Sell!
Please, check our technical outlook for GBPJPY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 202.665.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 201.362 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GBPJPY Analysis Today : Trend following strategyHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY Will Go Down! Sell!
Please, check our technical outlook for GBPJPY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 203.549.
The above observations make me that the market will inevitably achieve 202.197 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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GBPJPY On The Rise! BUY!
My dear followers,
I analysed this chart on GBPJPY and concluded the following:
The market is trading on 203.13 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 204.54
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
Bearish drop?GBP/JPY is rising towards the pivot which is an overlap resistance and could reverse to the support level which acts as a pullback support.
Pivot: 204.73
1st Support: 202.54
1st Resistance: 205.98
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.
GBPJPY - Short from bearish order block !! Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here we are bearish and have the same situation as on EURJPY. My point of interest is if price continue the retracement to fill the imbalance higher and then to reject from bearish order block.
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GBP/JPY H1 | Heading into overlap resistanceGBP/JPY is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 203.558 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 204.45 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance.
Take profit is at 202.08 which is a swing-low support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
GBP/JPY Outlook ICT Concepts GBP/JPY Analysis
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on GBP/JPY, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
🔍 Identifying Key Levels
The chart highlights several significant levels and zones that influence the current market behavior:
• PMH (Previous Month High): A significant resistance level.
• PWH (Previous Week High): Another key resistance level.
• PWL (Previous Week Low): A critical support level.
• FVG (Fair Value Gap): Indicates a zone of potential retracement or continuation.
• SSL (Sell-Side Liquidity): Below the equal lows, indicating a potential target for liquidity sweep.
📊 Key Considerations
• Price Swept Previous Week Low (PWL): Price took out the previous week’s low, indicating a potential liquidity grab.
• Fair Value Gap (FVG): Price currently traded into the FVG zone, suggesting a possible reaction area.
• Sell-Side Liquidity (SSL): Below the equal lows, this area is of interest for a potential liquidity grab if • the bearish scenario unfolds.
📈 Bullish Scenario
• Sweep of Previous Week Low (PWL): The recent sweep of the previous week low (PWL) indicates a potential bullish reversal.
• Targeting FVG and Highs Inside: Price is expected to move higher from here, targeting the Fair Value Gap (FVG) and the highs created inside this gap.
• Liquidity Levels: The key liquidity targets are the minor buy-side liquidity (BSL) levels above the local highs within the FVG. A lower time frame confirmation would show a strong bullish structure.
📉 Bearish Scenario
• Sweep of Highs Inside FVG: For a short scenario, we need the highs inside the FVG to be taken first.
• Reversal from FVG: After the highs inside the FVG are taken, look for signs of reversal to consider short positions.
• Targeting Lower Levels: Upon confirmation, the bearish targets would include previous sell-side liquidity (SSL) levels and potentially the lower support levels marked out on the chart.
📊 Chart Analysis Summary
The GBP/JPY chart indicates a potential move higher following the sweep of the previous week low (PWL). The bullish scenario targets the Fair Value Gap (FVG) and the highs within it. For any short scenario, we need the highs inside the FVG to be taken before considering short positions. Confirmation on lower time frames will be essential for validating the setups in both scenarios.
🙏 Thank you for joining us!
Exploring GBP/JPY today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.