Get started

Gbpjpyforecast

#GBPJPY: Is it correction for Bears or change of character? Dear traders, GBP/JPY has experienced a significant correction. The price reached the 195 level before declining to the 190 level. Currently, the price is fluctuating around 193.68, and a potential upward movement may extend to approximately 197 or 198. If the price disregards this range and breaks out to a higher level, we have identified a secondary entry point that offers a safer entry for risk-averse traders. Additionally, it is crucial to monitor the performance of the US Dollar Index (DXY), as its bullish trend can negatively impact the Japanese yen (JPY), leading to a surge in all JPY pairs to new highs. Therefore, close attention should be paid to the DXY's performance. In our professional opinion, the price has formed an "AB=CD" pattern. Furthermore, an examination of the 4-hour timeframe suggests the possibility of a character change. Should this occur, we will provide an update. Please conduct your own research before executing any trades, as this chart is solely for educational purposes. We appreciate your support by liking and commenting on our idea; it serves as an encouragement to our team. Thank you. Team Setupsfx_
Short
by Setupsfx_
14
#GBPJPY 1HGBPJPY 1-Hour Chart Analysis Pattern Identified: Bearish Market Bias with Focus on Selling at Pullbacks Forecast: Sell Outlook for Next Week: Good Luck On the 1-hour chart of GBPJPY (British Pound/Japanese Yen), the market is showing a clear bearish bias, with sellers in control of the overall price direction. In this environment, the primary strategy will be to focus on selling opportunities during pullbacks. These pullbacks are temporary upward movements that retrace part of the decline before the bearish trend continues. By identifying key resistance levels and zones where price retraces, traders can prepare to enter short positions when the upward retracement weakens and the price resumes its downward move. This approach aims to capitalize on the prevailing downward momentum while avoiding entering trades at potential lows. Actionable Insight: Traders should be patient and vigilant for signs of pullbacks towards resistance levels or Fibonacci retracement zones. Once price hits these areas and shows signs of resuming its bearish trend, it can provide an optimal entry point for a sell trade. Using tight stop-loss orders above resistance areas or retracement highs can help manage risk effectively. Good Luck for the Next Week: Stay disciplined, and may your trading week be successful!
Short
by PIPSFIGHTER
GBPJPY - Look for Continuation Long (SWING) 1:6!GBPJPY has rebounded from the HTF support level, breaking the trendline in alignment with a bullish market structure, indicating strong buying activity. There's currently no sign of reversal. On the HTF, a solid double bottom has formed, suggesting market sentiment may push the price higher. This is further supported by the recent BOJ decision, showing no urgency to raise interest rates, reinforcing the bullish momentum. 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!
Long
by S-Fx_
A strong daily rejectionGBPJPY forecast… We have a retracement to the daily fair value gap, from this data it is gathered that this daily area is quite a significant rejection level because when we shift to this current timeframe, we acknowledge that the bullish channel is slightly invalidated. The bullish viability has been decreased, the bias is now bearish. I would love to see price break below the swing low between levels 191.500 and 191.00 for further confirmation. Should we get the clearance, then we’ll have displacement which will lead us to a bearish entry after the flip to our point of interest which happens to be the liquidity pool at 192.500. This potential bearish trade is an anticipated 1:5, a stop loss of 100 pips to a target of 500 pips at 187.500. The plan is to move our stop to break even and partial out when price drops below 191.000 in profit, then we shall be in a risk free trade…
by tokelohomi
2
GBPJPY is in the DOOWNTRENDHello 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
Short
by ForexMasters2000
GBPJPY Technical Analysis and Trade Idea👀 👉 GBPJPY has recently broken market structure to the upside, indicating a potential bullish opportunity. This breakout is clearly visible on both the daily and 4-hour timeframes, signaling the possibility of a developing buy setup. In this video, we’ll dive into the market structure, analyze price action, and focus on the prevailing trend. Additionally, we’ll outline a potential trade setup, conditional on price action confirming our projected scenario. Disclaimer: This material is for educational purposes only and does not constitute financial advice. 📊✅
Long
by tradingwithanthony
2
GBPJPY - Look for Continuation Short (SWING) 1:4!Price has consolidated and rejected the SBR Zone on the HTF, while also bouncing off the Weekly Support Level, showing potential to make a new high on the LTF. Before continuing upward, it needs to respect the DBD Supply Zone. The upward move is likely if the SBR is broken. 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!
Short
by S-Fx_
2
GBPJPY Technical Analysis and Trade Idea👀👉 The GBPJPY pair has exhibited a decisive breakdown of critical support zones on multiple timeframes, signaling a potential acceleration of the prevailing bearish trend. This technical development aligns with the broader market dynamics, suggesting further downside pressure may be imminent. ## Technical Analysis The recent price action has carved out a bearish structure, with lower highs and lower lows forming on both the daily and 4-hour charts. This pattern typically precedes further bearish momentum, potentially driving the pair towards previous swing lows. ## Trading Strategy My approach to this market scenario is rooted in strategic patience. I'm closely monitoring for a potential retracement to the 50-61.8% Fibonacci zone, which often acts as a magnet for price in trending markets. This area could present a high-probability entry point for a short position, aligning with the overarching bearish sentiment. ## Risk Management It's crucial to emphasize that while the technical setup appears compelling, market dynamics can shift rapidly. Prudent risk management dictates waiting for clear price action confirmation before committing capital. This may involve looking for bearish reversal candlestick patterns or a rejection of key resistance levels within the identified Fibonacci zone. ## Market Structure The current market structure suggests that sellers are in control, with each rally being met with increased selling pressure. This behavior often precedes significant moves to the downside, particularly if key support levels are breached with conviction. Remember, this analysis is based on current market conditions and is subject to change. Always conduct your own due diligence and never risk more than you can afford to lose in the volatile forex markets. 📈✅
Short
by tradingwithanthony
2
GBP/JPY "GUPPY" Bank Bearish Robbery Plan on Short sideHola ola My Dear, Robbers / Money Makers & Losers, This is our master plan to Heist GBP/JPY "GUPPY" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High Stop Loss : Recent Swing High using 1h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style
Short
by Thief_Trader
GBPJPY - Look for Reversal Short (SWING) 1:4!Price made a significant breakout in the HTF, retesting the Monthly support with a strong rebound towards the breakout zone. In the LTF, the failure to create a new high indicates that the price was only making a major correction before continuing downward. This setup is considered a long swing trade with a 1:4 R ratio, supported by the weak USD due to the interest rate cut, which strengthens the Yen fundamentally. 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!
Short
by S-Fx_