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Gbpjpyshort

Sell GBPJPY CPI DataThe GBP/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish wedge pattern. This suggests a potential acceleration of the downtrend and a higher likelihood of further declines in the coming hours. Key Points: Sell Entry: Consider entering a short position (selling) below the broken support line of the wedge, ideally around 192.80. This offers an entry point close to the perceived shift in momentum. Target Levels: Initial bearish targets lie at the following points: 190.72: This represents the height of the wedge, measured from the wedge's peak to the breakout point, projected downwards from the breakout. 190.20: This is a further extension of the downside target, based on the height of the recent price movement before the breakout. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the wedge, ideally around 193.00. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
9
SELL GBP/JPY from 192.74I've twice banked pips shorting GBP/JPY from the WR1 pivot this week and as can be seen the price is back at this level. We have a nice tweezer double top on H1 for the previous 2 candles and as SELLERS are clearly prepared to move into this market from this level, it looka good SHORT opportunity. However. The Andean Oscillator is not yet clearly giving a SELL signal. The green BUY line has slipped under the signal line (.656 signal line/.647 green BUY line) but the red SELL line remains ar zero on H1 although it is above zero on the 15M MACD on 15m has the fast MA moving beneath the slow which is a BEARISH sign. RSI has been in high 60's and is gradually declining. This trade is RISKY!!! We do not have enough signals to confirm that this pair is headed lower but as we've seen SELLERS enter the market twice this week, the expectation is they may enter again. It should be noted though that the GBP C.P.I. print came out in green and this has boosted all GBP pairs. This was 4 hours ago however and all BULLISH momentum has stalled. We have a natural STOP on this trade at 192.86 so its a cheap trade at only 15 pips. Target is 200 EMA at 191.87 though the price of this pair has been bouncing around all week so the trade will have to be carefully managed in order to maximise any gains.
Short
by forextraplaces
GBPJPY Analysis (18th April 2024) Market Analysis PT1/2 (18th April 2024) GBPJPY Analysis On the 4 Hour timeframe, price action has created a WCR. This is a vaild WCR as it meets all 3 criterias of: - Range on the 1hr/4hr/Daily timeframe - Range is at least 100-150 Pips wide - More than 2 taps on Each Support/Resistance. Looking at the 1 hour timeframe, price action has created a 1 hour Change of Character after failling to break past resistance level. What i am personally looking for is for price to sell reject of either the gold fib level from the swing high to the swing low, or come up alittle higher to retest the 1 Hour Orderblock before looking for sells. Once one of these 2 areas of interest has been tapped, i will be looking for 5 minute/ 15 minute Change of Character before looking to sell all the way down to the support.
Short
by CallistoFX
GBP/JPY at hourly resistance but could move upHello traders, GBP/JPY has been trying to break the hourly resistance at 192.75 but so far, it has not been able to do so. That being said, we are continuously noticing higher lows in the hourly time frame. So, the current price action on GBPJPY is messy. Although I have been scalp selling GJ every time it reaches 192.75, I feel less confident in selling. In my opinion, it could break out of the hourly resistance and could reach 193.50. So, I recommend traders to be careful with GJ
by KaltoireCapital
6
GBPJPY Analysis (16th April 2024) Market Analysis PT2/2 (16th April 2024) GBPJPY Analysis On the 1 hour timeframe, price action created a bearish Change of Character after rejecting off a psychological level at 192.700. In the process of forming a 1 hour CHOCH, price also created as 15 minute orderblock that hasnt been tested. I am expecting price to retrace towards the 15 minute unmitigated orderblock before looking for potential sell confirmations during the london session. Do keep a lookout for this potential set up!
Short
by CallistoFX
SHORT GBP/JPY from WR1 pivot 192.65The previous candle on H1 hit GBP/JPY WR1 Pivot and all the signs are that this pair will now reverse. The rationale for this assumption that GBP/JPY will reverse follows: a). The current H1 candle is BEARISH. b). On 15m time frame the RSI declining. c). The MACD on the same time frame is signalling SHORT. d). On the Andean Oscillator (15m) we can see that the green BUY line has slipped under the signal line and both are beginning to turn south - this is more apparent on 5M. e). The red SELL line on the Andean has risen off zero and is climbing. f). Traders frequently assume price will either sell off at WR1 or BUYERS will enter the market at WS1 (which is why EVERY trader should have pivots on their charts. Looks a banker SHORT trade this with a tight STOP above WR1 at 192.73 Target is open and depends on momentum but initially the 200 EMA on H1 looks favourite at 191.60 area.
Short
by forextraplaces
GBPJPY Analysis (11th April 2024) Market Analysis PT2/2 (11th April 2024) GBPJPY Analysis On the 4 hour timeframe, price action rejected off the 4 hour Orderblock and created another bearish Change of character, This shifts my bias from bullish to bearish on the 4 hour. In the process, a 4 hour Fair Value Gap has been formed and if you drop to the 1 hour timeframe it also overlaps with a 1 hour Fair value gap. This will be a high probability area for me to look for potential SELLS from. Ideally i want to see price tap into the 4 hour FVG and create a 5/15 minute Change of Character before looking for sell on GJ.
Short
by CallistoFX
GBPJPY to find support at previous resistance?GBPJPY - 24h expiry The primary trend remains bullish. A lower correction is expected. Previous resistance level of 191.55 broken. Bespoke support is located at 191.35. Preferred trade is to buy on dips. We look to Buy at 191.35 (stop at 190.85) Our profit targets will be 192.55 and 192.85 Resistance: 192.35 / 193.00 / 193.50 Support: 191.35 / 190.85 / 190.25 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
GBPJPY In the GBP/JPY pair's 4-hour timeframe, a bearish movement is evident as the Elliott Wave analysis suggests completion of the 12345 sequence, indicating a potential correction. Following this, the correction pattern ABC is anticipated. Moreover, with the price having completed around a 38% retracement of the last impulse, further downside movement aligns with a potential downtrend scenario. Traders may monitor key support levels for potential entry points in line with this bearish outlook.
Short
by forex_info
GBPJPY FRESH SUPPLY ZONE READ DESCRIPTIONThe GBPJPY pair is currently positioned within a supply zone on the 15-minute time frame, indicating a potential area of selling pressure. Additionally, a new fresh bearish divergence has been identified, suggesting the possibility of a trend reversal to the downside. Examining the trading sentiments from the last two days on the 15-minute time frame, there were 70 sell signals, 18 neutral signals, and 22 buy signals. This data indicates a predominance of selling pressure in the short term. Looking at client sentiments from the past month, which indicate how traders are positioned in the market, 66% of clients have taken sell positions, 20% have taken buy positions, and 14% have remained neutral. This overwhelmingly bearish sentiment among clients suggests a consensus view that the GBPJPY pair may decline further. Now, delving into the technical aspects, several indicators point towards a bearish outlook for the GBPJPY pair. The Moving Average Convergence Divergence (MACD) indicator is signaling a sell, indicating potential downward momentum. The Commodity Channel Index (CCI) is at -89, reflecting strong bearish momentum in the market. The Average Directional Index (ADX) at 22.54 suggests a developing trend, potentially indicating the strength of a downward move. Both the Exponential Moving Average (EMA) and Simple Moving Average (SMA) from the shorter 10-day to the longer 200-day periods are indicating a sell signal, further confirming the bearish bias. The Hull Moving Average (HMA), Volume Weighted Moving Average (VWMA), and Ichimoku Cloud (Ichikumo) are all indicating sell signals as well, reinforcing the overall bearish sentiment. In summary, the technical analysis, combined with trading sentiments and client positioning, suggests a bearish outlook for the GBPJPY pair.
Short
by MOAZAM1133
3
GBPJPY SHORT 1100 PIPS READ DESCRIPTIONThe analysis for GBP/JPY (British Pound paired with Japanese Yen) indicates a significant sell zone, characterized by the breaking of previous major support, which has now turned into resistance. The main resistance zone is identified between 190.9 to 191.4, suggesting a strong barrier to further upward movement in the currency pair. Examining the data from big players and investors provides further insight into market sentiment. Over the last two weeks, there have been 81,000 short entries compared to 19,000 long entries, indicating a significant bias towards short positions. This sentiment is reflected in the daily reports, which show 70% shorts and 30% longs. Furthermore, recent data shows 58% sell orders, indicating a prevailing bearish sentiment among traders. Considering technical analysis, the market volatility level of GBP/JPY over the past week is notable, with an Average True Range (ATR) of 1.24 and a total intraday range of 148.62%. This suggests heightened volatility, which can present opportunities for traders to capitalize on price fluctuations. The proposed trade aims to capitalize on the bearish sentiment in GBP/JPY, with a target of 1170.8 pips and a 6.14% profit potential. A stop-loss of 40 pips is set to mitigate potential losses in case the trade moves against expectations. Additionally, four target prices are set to capture potential profits at different levels, providing flexibility in managing the trade. Risk management is emphasized as a crucial aspect of trading, with traders advised to manage their risk effectively to protect their capital. By adhering to proper risk management principles and remaining vigilant for any signs of confusion or uncertainty in the market, traders can navigate the complexities of trading with confidence. In summary, the analysis suggests a strong bearish outlook for GBP/JPY, supported by technical and fundamental factors. Traders are presented with an opportunity to capitalize on this sentiment through a well-defined trading strategy, while also prioritizing risk management to safeguard their investments.
Short
by MOAZAM1133
GBP/JPY may reach 195-196 from where it can reverseHello traders, GBP/JPY's uptrend shows no signs of slowing down. As we had predicted in the previous idea, price has broken through the 191 level and currently it has crossed 193 as well. The uptrend is being fueled by the ultra-low interest rates in Japan which is weighing negatively on the JPY. That being said, there is a key level at 195.50-196 zone which could offer resistance. Keep in mind that a vast majority of retail traders as shorting GBP/JPY which means price can continue to move up as the market usually moves opposite to what the retail does. We have not taken any short positions in GJ. We are waiting to see whether price reaches the 195.50 level. In case of bearish price action, we will sell GBPJPY@195.50-196 with Stop loss above 197 and TP at 190, 185.
by KaltoireCapital
14