GBPJPY Technical Analysis and Trade IdeaGBP/JPY has encountered a significant resistance level on the monthly timeframe. This level has demonstrated a strong history of price rejection. Furthermore, the pair's overextended state, following a sustained bullish run, signals a potential retracement.
Trade Strategy: A retracement to the 61.8% Fibonacci level on the 1D could present an optimal entry point for a buy position. Seek confirmation of this setup from a daily timeframe price swing aligning with the Fibonacci level. Implement a stop-loss order below the previous swing low, maintaining a minimum risk-reward ratio of 1:2.
Disclaimer: This analysis is for informational purposes and not financial advice. Always conduct your own research and risk assessment before trading.
Gbpjpyanalysis
GBPJPY H1 / POSSIBLE BREACH OF THE STRUCTURE 📉Hello Traders!
This is my idea related to GBPJPY H1. I expect a retracement after GJ will set a new BOSS. If confirmed, I will set two Take Profit levels. The first one is at the FVG H1, where is also the FIBO 50%. The second TP I will set at the BOSS level. I'm very curious about next week's move on GJ.
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GBPJPY on a critical pointGBPJPY - at a key resistance area. Currently playing in a zone and waiting for a clear direction. It's more likely to stay in range on Monday. I have marked 4 scenarios and one of them will be seen on Monday. Make sure to view the Price Action and confirmation prior entering a trade. Manage risk. Do your own analysis before taking a trade.
DeGRAM | GBPJPY bearish opportunityGBPJPY broke and closed below the psychological level at 187.000.
The market is creating the AB=CD pattern, which is basically an equal-measured move.
Price is most likely to go down from its level because the market is printing a bearish harmonic pattern on the 4-hourly chart.
We expect a sharp bearish move.
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GBPJPY Sell (scalling) Pure technical analysis
This morning in Tokyo session GBPJPY made a small tight range after made down ward move yesterday.
We have two possible ideas for this pair to continue sell (blue and red arrows). Enter at the breakout of the lowest channel or wait for the price to purge Asian session liquidity in the next London session to put safe stop loss. Ride the wave to the previous support.
Double top on GBP/JPY at key resistanceThe Japanese yen may have weakened following the BOJ’s latest ‘non decision’ regarding monetary policy, but markets clearly weren’t surprised enough for it to extend its bearish moves today. Not a single xxx/JPY pair managed to break above its cycle highs, and momentum is now turning lower on these pairs to show a strengthening of the yen.
But what has caught our eye is the double top on the GBP/JPY daily chart, as it has stalled around the December 2015 high. Also note that the GB-JP 2-year spread is also quite low relative to spot GBP/JPY, and it makes us wonder if GBP/JPY has risen too far, too soon.
The 1-hour chart shows that momentum has turned lower in the first half of Wednesday’s Asian session. Prices are trading beneath the 50-dar EMA and daily pivot, so we would consider shorts below 118.20 for an anticipated move to the weekly pivot around 187.25 – although the cycle lows or daily S1 between 187.32 – 187.40 could also be considered.
A break beneath the weekly pivot point assumes a deeper retracement is playing out on the daily chart.
GBPJPY,🔴It looks bearish🔴
We can see that the price shifted the structure and we are in a bearish market now.
The price created a lower low and mitigated all the supply zones, finally, the price created liquidity below the bearish order block and had a bearish reaction after hitting this zone.
For more confirmation, we need 15 minutes CHOCH. we can define 186.73 as the first target, and then the price fills the FVG.
💡Wait for the update!
🗓️05/02/2024
🔎 DYOR
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GBPJPY Long Term Buying Trading IdeaHello 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
GBPJPY I Pullback within the flag and bullish continuation Welcome back! Let me know your thoughts in the comments!
** GBPJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Can the Dragon Soar to New Heights Or Plummet Lower? The start of 2024 has been remarkably bullish for this pair, and we're quickly nearing an important resistance point: last year's high at 188.700. Today's higher-than-expected UK CPI figures might just be the push needed to reach this level.
Taking a look at the daily chart, we see that since June last year, this pair has been in a sideways holding pattern. This could be seen as a distribution phase, especially as it's happening within a key monthly SUPPLY/SELL zone, the same one that sparked the massive 2015 sell-off.
My current thinking leans towards a sell idea, as long as last year's high remains unbroken and there isn't a decisive weekly/monthly close above this level.
I'll be on the lookout for SELL signals on the daily charts with my TRFX indicator as we near the 188 mark. This is a straightforward play at the top of a range-bound market, contingent on the right signal.
The aim for this trade idea is the lower end of the range at 179, which could likely trigger another upward bounce. But if the price breaks through the bottom of the range, we could see a plummet all the way down to 170 or even lower.
However, if there's a clear break of last year's high, a move towards the 192 monthly SUPPLY/SELL zone becomes probable, potentially targeting the 2015 high of 195.8.
I believe the best risk/reward scenario lies in selling at the top of the range, OFFCOURSE waiting for the right entry signal , and then setting a stop loss above the range far enough to avoid spikes and stop hunts.
Next week's BOJ meeting, where a shift away from negative rates might be signaled for later this year. But considering the letdowns from last year's meetings, I'm cautiously optimistic – though open to being pleasantly surprised.
With probable rate cuts in the UK sometime this year and a possible end to the BOJ's negative rates, this pair could experience a significant drop.
That's my take on it – I'd love to hear your thoughts.
GBPJPY SELLING ON DIPS BOJ INTRESET RATES AHEAD !!!HELLO TRADERS
I am looking on this chart and its now created a ATH on Daily and Weekly TF & trading in a channel. as we know tomorrow is BANK OF JAPAN interest rates coming out and I hope so it will be good for JPY even they are same as in forecast maybe it can be surprising expected the BOJ to end its negative rate policy, which has set Japan's short-term deposit rate to minus 0.1% over the past seven years, Governor Kazuo Ueda told a newspaper interview earlier this month the BOJ might get enough data by year-end to judge whether it could end negative rates, prompting traders to buy the yen to hedge against a possible earlier-than-expected rate hike.
While it has bounced back in the last couple of trading sessions due to some “bargain hunting” amid oversold conditions, the downside may not be done just yet.
it's just a trade idea friends share your thoughts with us it helps us all.
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GBPJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPJPY
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How to Earn Money Online by Shorting JPY Pairs 🚀Sure, I can help you with that. Here is a possible rewrite of your post with more engaging language and emojis, and the key word "earn money online":
Title: How to Earn Money Online by Shorting JPY Pairs 🚀
👋Hey traders, are you looking for a hot tip to boost your profits? Well, you're in luck, because our AI screener has spotted a golden opportunity for you: JPYX is ready to soar like a rocket in the next few days! 🚀
📈JPYX D1 chart shows that it had a Displacement and ChoCh in the first week of December last year, which means it was overbought and due for a correction. And guess what? Last week, it bounced off the support level at 753 and formed another ICT Long setup around 750, where there was a FVG in November last year. This is a clear sign of weakness and exhaustion. 😵
📉We predict that JPYX will soon hit the resistance level at 767.2 and then fall back below 760.8, which is the Buy Zone of JPYX. This is the perfect time to short JPY pairs and earn money online with Swing trading. 💸
🔥But wait, there's more! Our AI screener also reveals that EURJPY, AUDJPY and GBPJPY are the weakest JPY pairs right now, with strong downward momentum. These are the best candidates for Short trading in both Swing and Daytrade strategies. Don't miss this chance to make some serious cash! 💰
⚠️Disclaimer: Trading forex is risky and you should only trade with money you can afford to lose. We are not responsible for any losses you may incur from following our signals. Always do your own research and analysis before placing any trades.
GbpJpy to rise at 195In December, GbpJpy experienced a corrective phase, typical of JPY pairs in this period (repatriation of capital).
However, after testing the 179 support level three times, the pair reversed course at the beginning of the year, swiftly recovering previous losses and returning to previous highs.
Currently, the pair is undergoing a minor correction following its rise in January. This presents a promising opportunity to participate in the overall bullish trend. A favorable buying range lies between 185.50 and 186.50.
In terms of targets, aiming for the 195 resistance level in the medium term is reasonable.
GBPJPY H1 buy now # Today Confirm Analysis GBP/JPY extends its losses for the second session on Tuesday, edging lower to near 187.40 during the Asian session. The GBP/JPY cross faces a challenge of risk-off sentiment due to the escalated situation in the Middle East, which drives the investors toward the safe-haven Japanese Yen (JPY), which in turn, acts as a headwind for the GBP/JPY pair.
The expectation is that the administration of US President Joe Biden will give the go-ahead for military actions in retaliation to the recent drone attack on a US outpost in Jordan. This attack led to the loss of three US troops and left at least 24 individuals injured.
GBPJPY BUY NOW 186.712
CONFIRM TARGET 188.121
XAUUSD Top-down analysis Hello 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.
GBP / JPY Long Still in consolidation, but the overall trend is bullish, so am waiting for a break out via a 4h close which will make a Higher High close above the blue line or alternatively I would wait for a rejection from the bottom of structure via a 4h close or a bullish engulfing on the 1h to look for the buy back up to the top of structure
GBPJPY Long Term Buying Trading IdeaHello 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
gbpjpy analysis priceaction. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
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