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GBP/JPY Mini

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GBPJPY.100.CSM trade ideas

GBPJPY at Key Support – Bullish Bounce ExpectedOANDA:GBPJPY is approaching a significant support zone. The current market structure suggests the potential for a bullish reaction if price action confirms rejection through signals such as bullish engulfing candles, long lower wicks, or increased buying volume. If the support holds, I anticipate a move upward toward the 193.300 level, aligning with the expectation of a short-term reversal. However, if the price breaches this zone and sustains below it, the bullish outlook may be invalidated, potentially opening the door for further downside. Traders should remain cautious and wait for confirmation before entering long positions. Monitoring candlestick patterns and volume at this critical support zone is essential for identifying buying opportunities. Proper risk management is advised to navigate potential volatility.
Long
by DanieIM
1
Long Setup GBPJPY👋Hello Traders, Our 🖥️ AI system detected that there is an H1 timeframe ICT Long setup in GBPJPY for session trade (a couple of Hours) Here is a session trade idea Sell limit order level for reference, TP and SL in pips Cancel limit order before any great news in Forex. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Long
by ICT_Trader_SB
GBP/USD Trading Idea: Setting Up a Sell Position with Technical Hello, Everyone! I’m setting up a sell position on GBP/USD for several reasons. The market has been struggling to move upward, and it seems poised to fall either today or tomorrow. I’ve been observing this pair throughout the trading week to predict its direction. So far, so good—this pair has shown resistance and has reacted well to key levels. Here’s why I’m confirming the sell trade based on two main factors: Factor 1: Technical Analysis GBP/USD has formed a strong resistance zone, and the pair has tested this zone twice, confirming its strength. After reacting to this level, the pair has left enough space to create a potential entry for a sell position. This technical structure provides a solid setup for the trade. Factor 2: Fundamental Analysis Today, two key pieces of economic news are set to be released: Flash Manufacturing PMI and CBI Realized Sales. These announcements could potentially drive GBP/USD downward, adding fundamental support to the sell bias. This is the thought process behind my trade. Let’s see how the market plays out. Good luck, and happy trading!
Short
by Adrian_Rahssan
GBPJPY → The CBJ has raised rates. What's in store for the pair?FX:GBPJPY experienced an attempt to break through resistance and rise, but failed to realize the intention as traders do not believe in bullish movement due to the actions of the Central Bank of Japan The Central Bank of Japan raised the rate by 0.25% to the highest since 2008. The bank sees accelerating inflation, a slowing economy and is likely to raise the rate further if inflation continues to rise. Fundamentally, the situation may trigger a fall in the currency pair, but it may be restrained due to the Pound's strength against the Dollar. Nevertheless, I assess the situation regarding a false break of resistance from the technical part, and from the fundamental part from the Japanese action, as they are targeting the medium term. Resistance levels: 193.00 Support levels: 192.00, 190.55 Another attempt to retest resistance before a further drop is possible. Traders are starting to build up longs on the Yen, which may lead to a bearish correction of the currency pair. Regards R. Linda!
Short
by RLinda
16
GBPJPY H4 I Bearish Drop Based on the H4 chart, the price is approaching our sell entry level at 194.59, which aligns with a strong resistance level and the 61.8% Fibonacci retracement. This level is expected to act as a potential reversal point in the bearish setup. Our take profit is set at 192.99, near a key support level where price may find buying interest. The stop loss is placed at 196.08, above the previous swing high, providing room for price fluctuations while ensuring the bearish setup remains valid. 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. 68% 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. 73% 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
GBP Weakness vs. JPY Strength: A Clear Sell Opportunity for GBP/GBP Analysis: Bearish Sentiment Recent data for the British Pound (GBP) highlights economic struggles that paint a bearish outlook: S&P Global Services PMI Flash (24 Jan '25) Forecast: 50.9 Previous: 51.1 A decline in the forecast reflects slowing growth in the services sector. If the actual reading falls below 50, it would signal contraction and further weaken the GBP. S&P Global Manufacturing PMI Flash (24 Jan '25) Forecast: 47 Previous: 47 A flat forecast at 47 indicates continued contraction in manufacturing. Any negative surprises here could increase selling pressure on the GBP. GfK Consumer Confidence (23 Jan '25) Forecast: -18 Previous: -17 Declining consumer confidence suggests weaker spending and economic growth. A lower-than-expected actual reading would likely hurt GBP sentiment further. Unemployment Rate (21 Jan '25) Actual: 4.4% Forecast: 4.3% Previous: 4.3% A rising unemployment rate indicates a weakening labor market, a clear bearish signal for the GBP. JPY Analysis: Bullish Sentiment The Japanese Yen (JPY) continues to show strength, driven by key economic improvements: Inflation Rate YoY (Dec 19, 2024) Actual: 2.9% Previous: 2.3% Higher inflation raises expectations for tighter monetary policy, which is bullish for the JPY. BoJ Interest Rate Decision (Dec 18, 2024) Actual: 0.25% Forecast: 0.25% Previous: 0.25% Although unchanged, the BoJ may need to respond to rising inflation in the future, which would support the JPY. Balance of Trade (Dec 17, 2024) Actual: -117.6 billion Forecast: -688.9 billion Previous: -461.2 billion A massive improvement in the trade balance strengthens the JPY, reflecting robust export activity. GBP vs. JPY: Head-to-Head GBP Outlook: Bearish across multiple indicators, with weakness in services, manufacturing, consumer confidence, and the labor market. JPY Outlook: Bullish due to rising inflation, trade balance improvement, and the potential for future monetary tightening. Conclusion: A Clear Sell Probability for GBP/JPY The data strongly favors the Japanese Yen over the British Pound. With GBP weakening and JPY strengthening, the probability of a continued downtrend in GBP/JPY is high Rating: Sell GBP/JPY GBP Sentiment: ★☆☆☆☆ (Weak) JPY Sentiment: ★★★★☆ (Strong) Overall Recommendation: ★★★★☆ (Sell GBP/JPY) This setup presents a compelling opportunity for sellers, as the divergence between the two currencies grows clearer. Stay updated and trade with caution! 📉
Short
by jshafx
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 - High Probability Long Trade IdeaBreaking this trade down starting from a Higher TF.. We are Bullish, we are clearly in a parallel channel making Weekly HH's, Daily we just make a push of a strong Demand zone. I now will be looking for some sort of pullback before looking for Long Positions In the smaller TF starting from 4H... We can notice price has just made a Double Top acting in my opinion as a strong magnet for price to liquidate. Following this prior push of the Demand zone we have made some strong Lows that price has been moving strongly off and we have created lots of Imbalance and Sell side Liquidity. AGAIN, confirming that I would like to see price fall to grab that liquidity before making another push to the upside. My indicators show that MACD is supporting short term sellers momentum but the daily is showing beginning of bullish momentum. IN MY EYES perfectly describing a setup for a large Intraday swing trade. Our entry model will adjust closer to Price action but we have two targets for price to move too before looking for our Entry's. 1 is a Small demand zone setup up just before Buy side Imbalance acting as a FVG entry and our second is a Mitigation block taking out that Imbalance Good Luck to the Traders that decide to follow
Long
by jamesibartram
GBPJPY - Long SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key swing low and left untouched swing high. But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of strength, so potentially there is a higher probability to see price higher. Your success is determined solely by your ability to consistently follow the same principles.
Long
by Maks_Klimenko
bullish trend continue01/23/2025 🌟support of the hypothesis from January 20 🌟 The local bullish trend continues to develop from the level of 189.315 to the upper border of the triangle (approximately to 198.5) After the first impulse (189-192) at the level of 193 🌟POSSIBLE🌟 the figure "inverted GIP" is created (neckline 193.0)... i.e. to form the "right shoulder" the price may fall to (➕➖) 192, and then ⏩⏩ (return up) ⏩ (breakout of the neckline 193) ⏩ (further growth 198.5) 🚩💥 If the "inverted GIP" figure is completed and implemented - strong confirmation for confident growth... (and not only to the border of the triangle, but even higher-higher) 💯💯
by MykolaDM_52
1
GBPJPY IN SELL TREND AT 192.50📉 GBPJPY Analysis: Double Top Pattern Signals Sell-Off The GBPJPY pair has formed a Double Top pattern, a strong bearish signal indicating potential downside movement. Here's the technical breakdown: 🔄 Key Levels to Watch Strong Selling Zone: 192.50 Technical Target: 189.00 📈 Resistance Zone 193.50: A key resistance level. If GBPJPY stays below this level, it will confirm bearish momentum. 📉 Support Zones First Support: 190.70: The immediate zone to watch for reactions as the price trends lower. Second Target Support: 189.00: This is the bearish target based on the Double Top pattern. 💡 Trading Insights Scenario 1: A rejection at 192.50 or 193.50 resistance zones could trigger strong selling momentum toward 190.70 and eventually the 189.00 target. Scenario 2: A pullback to 190.70 support could provide short-term consolidation before further downside.
Short
by ALBERTGOLDHUNTER
GBPJPY DOUBLE BOTOM BUY TREND If GBPJPY forms a double bottom 🔄 and touches the neckline at 193.00, it confirms a bullish reversal pattern 📈. Enter the trade at 193.00, with a first target 🎯 of 195.00 and a second target 🎯 of 198.00. Place your stop loss 🚫 at the candle that breaks below the neckline (193.00) to manage risk. The double bottom indicates strong buying momentum 💪 and a potential for a sustained uptrend 🚀. 💡 Pro Tip: Always follow your trading plan 📋 and stay disciplined. Like ❤️, share 🔄, and follow for more updates! #DoubleBottom #GBPJPY #ForexTrading #TradingSignals
Long
by ExpertTrader041
5