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GBPJPY.100.CSM trade ideas

GBPJPY potential buy, great risk to reward.GBP/JPY is currently testing a key support level, where I anticipate a potential reversal. The stop-loss is placed at 193.35, strategically positioned just below the support zone to minimize risk. The take-profit target is set at the previous resistance area of 197.20, aligning with historical price action. This setup offers a favorable risk-to-reward ratio, risking 158 pips to gain 226 pips, making it a strong opportunity for calculated risk-taking Our last forecast on this pair
Long
by Eleazarahmath
Potential bullish bounce off overlap support?GBP/JPY is currently on the pivot which aligns with the 50% Fibonacci retracement and could bounce to the 1st resistance. Pivot: 195.67 1st Support: 194.09 1st Resistance: 198.19 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Sells on GBPJPY on 20 NovOn Tuesday, we hit TP, but the price retraced back up during the NY session. Here’s how we approached the setup: Key Steps: Pre-London Setup: The first candle closed above the marked zone. Analyzing 4H Rejection: A massive rejection wick on the 4H candle indicated this could be the top, suggesting a possible retracement. Fakeout Anticipation: The next candle closed below the zone, which we anticipated could be a fakeout. Weak Confirmation Post-London Open: Another candle closed above, but it lacked strong confirmation. By this time, London Open had already passed. Waiting for Clear Direction: We remained patient, and the next candle closed below the zone again, solidifying the bearish bias. Entry Execution: Placed sell stops at the break of the current low on the 30-minute candle after confirmation of bearish price action. Stop-loss (SL) was initially set at the previous high but adjusted to allow room for price movement. Confirmation and Results: Continued monitoring showed candles consistently closing below the zone, confirming the bearish trend. Woke up to a 106-pip profit—a solid trade executed with patience and discipline!
Short
by arpitdahal
LOOKING TO SHORT GBP/JPYGBP/JPY 1H - As you can see price has traded us into a FVG and rejected well to the downside, this is giving us the suggestion that price may be looking to trade lower now. In order for us to deem a valid entry I want to see price trade us up and into the Supply Zone I have gone ahead and marked out above, this will allow us to get involved with a more refined entry as well. By price trade up and into this, rejecting to the downside and providing us with a fractal BOS, it tells us that the correction trading us up initially has come to an end and the new impulsive wave trading us lower is now ready to take place. I will set an alert just underneath the area of interest, once price trades up and into this zone I will wait patiently for the opening of a trade, as soon as we have the BOS this is when I will be looking to get involved, its important we have as much confirmation as possible.
Short
by Lukegforex
Trading Idea Update: GBP/JPY 30M - Bearish Setup After LiquidityIn this updated GBP/JPY 30-minute chart analysis, the market has continued to develop in line with our previous expectations. We're still targeting a bearish move based on ICT (Inner Circle Trader) concepts, but there are a few key updates to take note of. Here's the updated breakdown: Liquidity Clearance The Buy-Side Liquidity (BSL) above the previous highs has been cleared, as price aggressively moved higher, taking out stops and allowing smart money to accumulate positions. This liquidity grab is now complete, opening the door for a potential bearish reversal. Fair Value Gap (FVG) Mitigation Price is currently mitigating a Fair Value Gap (FVG), which aligns with a previous imbalance between buyers and sellers. This FVG acts as a premium zone for initiating short positions. The FVG also aligns with the high of the Asian session, adding more confluence to this level as a potential zone for a bearish reversal. Higher Time-Frame Confluence There is a H1 Order Block and imbalance (highlighted in red) above the current price, which suggests that price could still push higher before a significant drop. This level represents an area where smart money may look to finalize their liquidity hunt by sweeping the current highs before reversing. Bearish Bias with Alternative Scenario While the current plan is to look for shorting opportunities within the FVG zone (green), we must be cautious of the possibility that price could push further up to clear the current highs and tap into the H1 Order Block (red zone). If this happens, the market would still align with the bearish bias, but we may need to wait for a higher entry confirmation. Thus, two scenarios are possible: Scenario 1: Price reverses from the current FVG zone after mitigation, confirming a bearish entry model (e.g., CHOCH, BMS). Scenario 2: Price pushes higher into the H1 Order Block (red zone) before initiating the fall, clearing the current local highs and completing the liquidity hunt. Awaiting Bearish Entry Model We are still waiting for a bearish entry model to confirm the reversal. This could come in the form of a lower time-frame Change of Character (CHOCH) or Break of Market Structure (BMS) once we see a rejection from the FVG or the higher H1 zone. Asian Session Confluence The chart highlights the Asian session high and liquidity grab, providing further confluence that smart money has engineered a stop hunt during low-volume hours. This often sets the stage for a reversal during the London or New York sessions. Execution Plan Entry: Look for bearish confirmations within the current FVG zone or the H1 Order Block (if price pushes higher). Stop Loss: If entering off the FVG zone, place stops above the current highs. If entering off the H1 Order Block, place stops above the 198.000 level to protect against further liquidity grabs. Take Profit: Target the previous lows around 195.200, with extended targets towards 193.500 if the full bearish reversal unfolds. Summary The bearish bias remains intact, with liquidity now cleared and price mitigating the FVG. We are awaiting confirmation of a reversal entry model to initiate short positions. Alternatively, price could push higher into the H1 Order Block before falling, but the overall expectation is a bearish continuation once liquidity is fully hunted.
Short
by Cephas_John_
GBPJPY First 1D Golden Cross after 19 months. Strong BUY.The GBPJPY pair is forming today a Golden Cross on the 1D time-frame, the first such pattern in exactly 19 months (April 21 2023). Naturally this is a huge bullish signal alone, as technically the Golden Cross calls for upside action. But more specifically for this pair's price action, it indicates the high probability of an immediate aggressive push as the current formation is very similar to the April 2023 one. As you can see, both were trading within a Channel Up up to the moment of the Golden Cross, having started after a 1W MA100 (red trend-line) test. The 1D CCI trading on Higher Lows below -100.00 (oversold) is a confirmation that the price Channel Up breaks aggressively to the upside. The previous Golden Cross pushed the price just above the 3.0 Fibonacci extension, to a +18.40% rise. Throughout this time, the 1D MA50 (blue trend-line) was supporting the uptrend. As a result, we turn long now on GBPJPY, targeting 215.000 (just above the 3.0 Fib extension). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
GBPJPY FORECASTIn this analyze we are focusing on 30M time frame chart for GBP/JPY. On the basis of support and resistance along with price action and liquidity concept. So we will wait for price when price enter into our zone than after any bullish confirmation we will take our long position trade. Let's delve deeper into these levels and potential outcomes. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is just my analysis or prediction. #GBPJPY 30M Technical Analyze Expected Move.
Long
by TradeTacticsreal
3
GBPJPY: Potential for Further Rise Amid BOJ UncertaintiesGBPJPY: Potential for Further Rise Amid BOJ Uncertainties Bank of Japan Governor Kazuo Ueda stated that the economy is making progress toward achieving sustained wage-driven inflation, but provided few clues on whether the central bank might raise interest rates next month. The market remains uncertain about a potential rate hike, as the BOJ has not yet altered its Monetary Policy statement, leaving the JPY vulnerable to market speculation. Although the JPY is not in the same situation as it was a few months ago, the significant difference in interest rates compared to other countries remains a strong reason for its continued weakness. Technical Analysis: GBPJPY completed a bullish harmonic pattern at 194.30. The initial price reaction was a clear push of nearly +100 pips. Following this brief pause, GBPJPY is expected to rise again. While it is somewhat risky, this projection aligns with fundamental analysis. GBPJPY may reach the first two targets this week. Targets: 🎯 196.30 🎯 196.85 🎯 197.50 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
5
GBPJPY H1 | Bearish Reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 197.27, which is a pullback resistance and a 78.6% Fibonacci retracement. Our take profit will be at 196.08, an overlap support level. The stop loss will be at 198.78, an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
Trading Idea Update: GBP/JPY 15M - Bearish Setup After LiquidityIn this updated analysis of the GBP/JPY 15-minute chart, we continue refining the bearish trade idea using ICT (Inner Circle Trader) concepts. The chart shows further development, with key liquidity levels now cleared, and we are awaiting a potential entry model. Here's the breakdown: Liquidity Clearance The Buy-Side Liquidity (BSL) marked on the chart has been cleared, as price spiked above previous highs, grabbing liquidity from retail traders’ stop-losses. This is a key event in ICT methodology, where smart money hunts for liquidity before reversing the market. Fair Value Gap (FVG) Mitigation Price has now entered the Fair Value Gap (FVG) zone, highlighted in green. This zone represents an imbalance in price action, where price is expected to mitigate and potentially reverse. The FVG aligns with a higher time-frame premium pricing zone, which adds confluence to a possible bearish reversal from this level. Asian Session Confluence We also see an Asian session high marked, which aligns with the current liquidity grab. This adds an additional layer of confluence, as the market often targets liquidity generated during the Asian session before making larger moves during the London or New York sessions. Awaiting Bearish Entry Model At this point, we are waiting for a bearish entry model within the FVG zone. This could include a lower time-frame Change of Character (CHOCH), a Break of Market Structure (BMS), or any other ICT entry confirmation, such as a rejection from a bearish Order Block. Patience is critical here, as we await confirmation that smart money has completed its liquidity hunt and is ready to drive prices lower. Bearish Bias and Continuation Once the entry model is confirmed, we expect a bearish continuation in line with the overall market structure. The liquidity grab and FVG mitigation make this a high-probability area for entering short trades. Execution Plan Entry: Await confirmation of a bearish entry model after FVG mitigation (e.g., CHOCH, BMS). Stop Loss: Consider placing stops above the liquidity high at 197.000 to protect against further liquidity grabs. Take Profit: Initial target at previous lows around 195.500, with the potential for extended targets towards 194.500 or lower, depending on market structure. Summary This updated setup offers a high-probability short trade following the clearance of buy-side liquidity. With price now mitigating the FVG, we are awaiting a bearish entry model for confirmation. The confluence of the liquidity grab, FVG mitigation, and Asian session liquidity makes this a strong potential reversal zone.
Short
by Cephas_John_