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GBP/JPY Mini

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GBPJPY.100.CSM trade ideas

GBPJPY Bouncing off Failed Swing LineHi Traders! GJ had a nice push to the upside reaching 193.000 making a new HL on the 4HR TF. Right now, price is pulling back bouncing off the Failed Swing line. If price broke below 191.000 with continuation, then I'd look to sell to the 4HR CHOCH area around 190.000. However, price isn't telling me that it wants to go lower. In addition, the candles printing on the Daily are smaller and not closing below 191.000 so that could indicate that price may push to the upside. If GJ can give me more confirmation that it'll have the momentum to push past 193.000, then the inverted head and shoulder pattern might play out. I'd like to see more of a strong bullish close above 192.000 on a higher TF for me to think about a buy. Lets see if GJ will come through for us, and give us a nice set up!🫡
by thattradergirl
GBP/JPY Price Forecast – Inverse Head & Shoulders SetupGBP/JPY is showing the formation of an Inverse Head & Shoulders pattern, which could signal a reversal to the upside. Traders should wait for a confirmed break of the trendline with a strong bullish candle to enter long positions. 📊 Technical Breakdown 📍 Pattern: Inverse Head & Shoulders (Bullish Reversal) 📍 Trendline Resistance: Watch for a clean break of the trendline connecting the right shoulder and head. 📍 EMA 200: If price breaks above the EMA 200, this will add more confirmation for the bullish move. 🔎 Key Confirmation Signals: ✅ Break Above Trendline Resistance – A strong bullish candle closing above the trendline confirms the pattern. ✅ EMA 200 Cross: Price breaking above the 200 EMA would indicate a shift to a bullish market structure. ✅ Momentum Indicators: Look for RSI crossing above 50 and MACD bullish cross for added confirmation. 📉 Technical Target Levels: 📈 194.500 – Initial upside target 📈 198.500 – Psychological resistance level ⚠️ Risk Management & Trading Plan 🔸 Entry: After the trendline break and confirmation of a bullish candle 🔸 Stop Loss: Below the head or right shoulder to manage risk 🔸 Take Profit: Scaling out at target levels with optimal risk-to-reward 🔸 Invalidation: If price fails to break the trendline or falls back below it, the setup could be invalidated. 📢 Final Thoughts This is a high-potential reversal setup, but always wait for confirmation before entering the market. Keep an eye on potential news events that might affect GBP/JPY. 🔔 Follow for more updates and analysis! 🔥
Long
by Jos_Pro_Trader
#GBPJPY 4HGBPJPY (4H Timeframe) Analysis Market Structure: The price is currently testing a key support level, indicating potential buying interest. If the support holds, buyers may step in to push the price higher, leading to a possible bullish move. Forecast: A buy opportunity may arise if the price shows signs of rejection at the support level, confirming that buyers are defending this area. Key Levels to Watch: - Entry Zone: A buy position can be considered if the price holds above the support level and shows bullish confirmation. - Risk Management: - Stop Loss: Placed below the support level to manage risk. - Take Profit: Target higher resistance zones where price may face selling pressure. Market Sentiment: The support level is a key area where buying pressure may increase. Confirmation through bullish price action will provide more confidence in a potential upward move.
Long
by PIPSFIGHTER
Trading minute impulseOn the minute timeframe of GBPJPY at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Short
by syomking76418
GBP/JPY: Persistent Bearish Pressure Amid Recovery AttemptsThe GBP/JPY pair has shown recent volatility, attempting a rebound to 188.00 on February 10, breaking a three-day losing streak after hitting the weekly low at 187.00. The Bank of England’s dovish monetary policy, including the recent rate cut, has worsened the bearish sentiment on the pound, while downward revisions in the UK's growth forecasts have further weakened the GBP. Despite recovery attempts above 190.00, economic uncertainty and the central bank's negative outlook keep the risk of further declines high. The price is near a daily FVG, with potential liquidity grabs within and around the 0.62% Fibonacci level before resuming its downward movement.
Short
by Forex48_TradingAcademy
1
GBPJPY? alternate view Before you decide to press BUY ? SELL ? 3 things you ll need to align. (at least for me) Fundamental- your bias- will Pound be stronger than Yen visa versa check news.. incoming data bla2. Pattern - anything you like to support bearish/bullish Compensation - will your SL be enough to Targets 1:3 1:5 1:200 whatever... Next will be your patience.. either SL or TP If it hit your SL... you tried your best. You shouldn't be hardup becoz You did your best It's not the whole of your capital.. only 3-5% Consult your nearest guru.. hehehe All the best & don't be lazy.. read @ learn patterns I'm no guru.. or your guru
Long
by reazosman