GBPJPY.. Just a whisper of an ideaNo indicators, just pure market structure with support and resistance.
GBPJPY.100.CSM trade ideas
GBPJPY TF TRADEPair: GBPJPY
Trade Opportunity: Sell
Type: Scalping
The daily market trend is bearish because the market has broken below a support level from November 4 and another support level from October 31. After the breakout, both of these supports are now acting as resistances. Currently, the market is retesting the October 31 resistance level.
On the 15-minute chart, a double-top trading pattern has formed, and its neckline has been broken to the downside. The market is now retesting the neckline of the pattern, where trades are being initiated.
Entry 195.334
Sl 196.10
Tp 194.406
GBPJPY $$$$
BOTH ZONES ARE VALID BUT JUST BE PATIENT AND TAKE LTF CONFIRMATION DO NOT BE SCARED FOR BEING LATE
GBPJPY SELL IDEAThis is just my idea, if you're just starting out its important for you to stick with your own analyst. I don't care if your setup is dead wrong... Learn from it, adjust and try again.
I'm waiting for a breakout to the downside to enter again.
I have 2 targets inmind:
195.886 and 197.000
Once they get reach, I'll look for breakouts to the downside.
I'm looking at 189.858 for my TP .
Previous entry: 199.500 to 195.886.
GBP/JPYIn this market also new week is very nice trade and I am waiting for the market to fall after breaking the zone that I have been waiting for a long time and finally came to retest but after confirmation you should enter
GBPJPY Is Very Bearish! Short!
Please, check our technical outlook for GBPJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 194.706.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 190.431 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBPJPY TRADE SETUPGJ creating bearish momentum i hope its been fall more this week and first of price will be retesting upper side then it will be down for more so lets see what happened the guys
GBPJPY - Bearish OpportunityThe GBPJPY pair has broken below a rising channel on the 4-hour timeframe, suggesting a shift in momentum from bullish to bearish. A pullback toward the broken channel's support-turned-resistance area could present a favorable entry for short positions. Look for shorts around 195.00–196.00 during a potential retest. The first target at 190.00, with an extended target at 184.10. Place stops-loss above 199.550.
gbjpy 1hr demand OTA Theses are the 1h demand zones Ive on GBPJPY.
The market first tapped into a weekly demand. Creating these new zones on the way up.
The first zone was touched 2 times. but is still available since it has not been penetrated by 50%
GBP/JPY BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
The BB lower band is nearby so GBP-JPY is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 198.888.
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GBPJPYAnalyse
Weekly we have a double bottom and the neckline must be retest to keep pushing higher
Daily we were on uptrend structure and we broke it to the downside
H4 we broke the previous consolidation we have to retest it to keep dropping
Up or Down?GBP/JPY could rise to 200.000 if strong UK economic data boosts GBP or if the Bank of Japan maintains its dovish stance, but it could fall if the Bank of England signals policy caution or risk aversion strengthens JPY due to geopolitical or economic uncertainty.
#GBPJPY: UPDATED VIEW 24/10/2024 **GBPJPY UPDATED VIEW BASED ON PREVIOUS ANALYSIS**
Dear Traders,
I hope you are doing well. Based on our previous analysis of GBPJPY, we identified two potential selling opportunities within the market.
However, the bullish sentiment in the DXY currency pair has had a significant impact on JPY, causing it to fall short of its full value within the daily timeframe. As of today, we have observed a potential exhaustion of DXY’s bullish momentum, with four-hour candles indicating a strong bearish pressure. This development presents an opportunity for JPY to rebound, potentially allowing us to secure substantial profits within the market.
Now, let’s focus on the GBPJPY currency pair. The price has extended its bullish trend, although there is a possibility of a reversal from its current position. We recommend implementing appropriate stop-loss orders for any sell entries taken from the current market price. If the initial entry fails, we are confident that the price is likely to reverse from our second entry.
Before making any decisions based on this analysis, it is essential to conduct your own research. This analysis is solely for educational purposes and should not be considered financial advice.
We appreciate your feedback and support. If you find our work valuable, please consider liking and commenting on our ideas. Additionally, following us will provide us with encouragement and motivation.
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GBPJPY: Bearish Outlook Explained 🇬🇧🇯🇵
GBPJPY dropped heavily on Friday.
The price violated both a support line of a rising parallel channel
and a horizontal demand zone.
With a high probability, the price will continue falling next week.
Next support - 193.9
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GBPJPY Market Structure Analysis on 15 Minute, 4 Hour Timeframe4H swing is bearish => Current is pullback dow
M15 swing is bearish => Current is pullback up
The main trend of the 4-hour timeframe is downtrend, the 15-minute timeframe is downtrend. Therefore, we look for a selling opportunity in the demand zone of the 15-minute timeframe.
GBPJPYAnalyse on GBPJPY
Analyse on Weekly timeframe we do have a double bottom that needs to retest the neckline to keep pushing higher.
H4 we broke outside of the consolidation and we must came retest it to push to the downside
GBPJPY BUYGBP BUY
The price just sold to the demand zone and as such this level is a protected low.
Price is expected to buy from this point to the high.
ENTRY: 194.762
TAKE PROFIT: 198.297
STOP LOSS: 194.346
GBPJPY has broken down out of a triangle. Intraday Update: The GBPJPY has broken triangle support and looks like any move back above the 196.00 may offer a good level to be short to target back to the 192.00 level in the week(s) ahead.
Break and Retest of G/J Previous ResistanceThesis: Waiting for displacement &
retest of structure / previous resistance
Notes: Wait for Strong Price action W/ Candle stick confirmation
... look for possible RSI Divergence
Daily: Consolidation (Bullish Entry)
Price hasnt broken HH or HL. support formed at 197.021
H4: Bearish ( waiting for HL to form to confirm
Bullish MSS)
H1: Bullish ( price has broken and retested previous LH)
GBP/JPY To Continue Fall?Short side bias is coming into Yens after todays USD weakness (slight risk off) and flows into JPY accordingly.
Slight talk of intervention has also helped stall the weakening of the Yen. Any further weakness, perhaps on any more risk on sentiment bias and we may see further moves by the Japanese Govt.
Would not add anything significantly long at all. Only shorts on pushes back towards highs (as noted).
GBPJPY Long term wave analysis Based on Annual chart wave analysis
The large period that connects the whole from the 1970s is trendless.
Annual chart environment.
1. Above the 2009 return L high.
2. Up trend.
3. Above MA Sma20 and Ema 26.
4. Candle above the neck YSR. (Year Support and Resistance)
As there is no prominent SR when rising, it is assumed that it will rise to the trend line.
6M chart
The selling pressure of the 6M candle is currently moving above the SR due to the bounce from below.
We can confirm that the price rose after establishing a zone base of 12345 as a foothold.(W bottom)
3M
Above the YSR.
We can confirm that the 01/07/24 candle is being pushed back, and it seems that strong buying momentum is continuing.
Strong buying momentum continues as an uptrend Yet.. The current candle is being pushed back into the neck zone SR of 6m and 3m 3M (remaining November and December) possibly be pushed back toward the YSR as a correction wave.
Month.
The monthly candlestick is moving above the YSR due to the MA rebound.
It can be confirmed that the trend line was broken during the decline. As of 15/11/2024, the monthly chart has been pushed back within the parent (Dominant) wave SR, 6m, and 3mSR, so it appears that the strong uptrend has been stalled for the time being.
Prediction.
Long,
It is desirable for the monthly candlestick to move and close above the parent wave SR, 6m, and 3mSR.
Short
If this month's monthly chart closes at a negative line, it may be possible to consider aiming for a short on the YSR.
Additional information.
To check the price movement for the next two months, it is necessary to check the shape of the candlesticks below the monthly chart.
Best.
