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Gbpjpyshort

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.
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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
GBPJPY I Bearish divergence and overbought I It will rebalanceWelcome 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
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by BKTradingAcademy
12
The Dragon Hits Key Resistance Time To Sell With 195 In Sight?The Dragon has been surging since the start of the Year even more after my initial trade idea from January which did hit my first target of 185 it has now rallied to new highs and sitting at a key Monthly level so what next ? Personally I think once again we have a nice shorting opportunity as we are at a key Monthly resistance level that goes all the way back to 2008 (marked in red) sitting around the 193 level. When price broke through this level in Oct 2008 it dropped nearly 7000 pips in a matter of Months and at the same time creating a nice Monthly SUPPLY/SELL zone. It took 7 years for price to grind it's way back up to this resistance level and when it did once again there was another HUGE near 7000 pip drop hitting the bottom in 2016 . It has taken just over 7 years once again to get back up to this resistance will history repeat ? Personally I think that there will 100% be a sell off once again at this level though I don't think it will drop as much as the last time though several thousand pips is a possibility. The daily chart below is showing us that price momentum is starting to slow down with the sideways movement as it approaches the key resistance, the image below shows you the initial strong trend up, followed by sideways price action, each time price broke to a new high it was quickly sold off to the bottom of the range until we finally got to the resistance level. With the weakness in the Yen this week I can't rule out a run up to the 2015 highs around 195 so my plan of attack is to use my TRFX indicator and look for daily SELL signals from now. First target for this trade will be the bottom of the sideways channel you can see in the daily chart above @180 price could gain some large buying attention here that could build momentum to break this resistance level. If there is a clean break of the monthly resistance then there isn't much stopping this pair moving straight up to the 200 level which is the 0.618 Monthly fib level from the downtrend that started in 2007 (see image below) It's going to be an interested next few weeks to see how this one plays out :)
Short
by TheFxAce
5
GBPJPY H4 / SHORT TRADE ACTIVE ✅💡Hello Traders! This is my idea related to GBPJPY h4. I see the FVG fully closed and I expect a bearish retracement. I will execute this trade as it confirms the retracement from the OB. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
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by GoodTradeST
SHORT GBP/JPY from 189.14I've been anticipating GBP/JPY turning BEARISH for a few hours as we've seen the price push through the 200 EMA on H1 and the WP pivot and the signs are that GBP/JPY BEARS are jumping in. BEARISH signals include RSI which was 71 but is now 61 indicating a move south and MACD which is lagging behind (as usual) but signficantly not making any more headway north and the fast MA is beginnig to turn south and looks like it will be crossing the slow MA in the next hour or two if the price continues south. The much under used Andean Oscillator has seen the red SELL line leave zero and begin to climb (now reading .079) and at the same time we are seeing the gree BUY line of the same indicator lose ground though it still remains above the signal line and ideally we would like to see this below. The 200 EMA and WPP mid pivot now sit above the price so GBP/JPY BULLS will have it all to do to resume travelling north particularly as RSI is still high and the price would be pushing back into over bought territory. STOP is above the recent highs and target is the band of support at 188.41.
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by forextraplaces
Sell GBPJPY Bearish ChannelThe GBP/JPY pair on the M30 timeframe displays a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 188.60. This places your entry near the current price action and potentially close to a retest of the channel resistance. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 187.62: This represents a significant support level within the channel. 187.10: This is a further extension of the downside target, based on the height of the channel. Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the channel, ideally around 189.15. This helps limit potential losses if the price unexpectedly breaks above the channel and invalidates the downtrend. Thank you
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by KABHI_TA_TRADING
2
What BOJ Policy might do to the GBP/JPY?GBP/JPY is on a relentless uptrend fueled by ultra-low interest rates in Japan. On Friday, The Bank of Japan (BoJ) Governor Kazuo Ueda stated that it was too early to declare victory on inflation. On the other hand, the currently prevailing technical recession in Japan could lead to BoJ delaying its plan to tighten the monetary policy. All these factors are weighing negatively on the Japanese Yen. However, certain reports coming out of Japan suggest that the Government is planning an official end to the deflation. So, if BoJ signals a shift in their ultra-loose monetary Policy, JPY could gain strength. Technically, the area around 191 could offer some resistance. So, in case of further bearish price action near 191, we can consider sell entries.
by KaltoireCapital
GBPJPY Analyisi On Weekly ChartGBPJPY: Navigating the Ranging Channel for Profit The GBPJPY pair has been trading within a well-defined ranging channel on the weekly chart, presenting opportunities for both bullish and bearish plays within the boundaries of the channel. Key Observations: Defined Range: The channel is characterized by parallel horizontal lines acting as support and resistance. Price Action: The pair has been oscillating between these levels, creating predictable entry and exit points. Volume: Look for volume confirmation when the price approaches either boundary to validate the range. Trade Strategy: Bullish Scenario: Consider a long position near the support level with a stop loss just below it. Bearish Scenario: Conversely, a short position near the resistance level with a stop loss just above it could be profitable. Take Profit: Set take profit targets within the range, respecting the historical price movements within the channel. Risk Management: Adjustments: Be prepared to adjust your strategy if the price breaks out of the channel, as this could signal a new trend. News Impact: Keep an eye on economic news and events that could cause increased volatility and potential breakouts. Trade ideas are speculative and should be used in conjunction with a comprehensive trading strategy and risk management. This trade idea is based on the ranging channel pattern, which indicates that the price is likely to continue moving within the established boundaries until a breakout occurs. Monitor the pair closely for signs of a breakout which could indicate a new trend. Happy trading!
by itmecrypomania
GBPJPY (H4 ) Price Is Ready To Fly 🎖️🎖️traders GBPJPY price is ready to fly My dear subscribers My technical analysis is for GBPJPY below The price is coming around a solid key Level 189.500 Frist Target zone 195.500 2nd Target zone 200.000 Bis_ Bullish Technical indicators Pivot point low anticipates a potential price reversal Super trend shows a clear buy giving a Perfect indicators convergence perfect Indicators convergence If this post is useful to you you can support me with like boost and advice in comments
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by FxJoseph_7
Today GBP/JPY target is really 188.400? Let's check the analysis📣 Hello Mates! We can see GBP/JPY is currently running sideways with no clear direction. However, our prediction is that GBP/JPY will go for a sell and reach our targets of 188.980 and 188.400. We have strong resistance levels at 190.100 and 191.350, along with strong support at 188.900 and 188.400. Although 188.960 is also a strong support level, we believe GBP/JPY will reach our targets of 188.980 and 188.400. 🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio. 📈 Our Resistance Levels are spotted at: - 190.100 - 191.350 📉 And our Support Levels are set at: - 188.960 - 188.400 Stay tuned for further updates and trade smartly! 📊
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by BigtimeFx