GBPJPY.100.CSM trade ideas
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.
GBPJPY - January Swing Trade GBPJPY coming back to the demand zone on the 4H. Got a limit order set at 50% of the demand zone with a 30 pip SL below the zone. Looking to target 199.000.
GBPJPY is running near OB, SELL Zone strong (read captions)📉 GBPJPY Price Forecast 📉
GBPJPY is currently in a selling trend, consolidating at the bottom of the zone after a retracement to the order block at 190.05. Another key order block is present at 192.90, creating a consolidation range between these levels.
The pair is trading below both the 200 EMA and 50 EMA, confirming a strong selling zone. With increasing bearish volume, sellers are dominating, signaling further downside potential.
🎯 Technical Target Levels:
- 188.55
- 186.60
📌 Key Highlights:
- Consolidation between 190.05 and 192.90 confirms resistance zones.
- Trading below 200 EMA and 50 EMA, indicating bearish momentum.
- Increased selling volume reinforces the downtrend.
- Strong continuation expected towards lower target levels.
✅ Get Ready for the Move!
Like, comment, and follow for timely updates and actionable signals.
Join the community to trade smarter and achieve consistent success! 🚀
📢 Stay connected for more accurate forecasts and profitable trading ideas.
GBP/JPY Potential Reversal:Smart Money Concepts and Elliott WaveOANDA:GBPJPY Potential Reversal: Smart Money Concepts and Elliott Wave Analysis
Analysis:
The chart displays the GBP/JPY currency pair on a 4-hour timeframe, with various technical indicators and annotations. The price is currently at 190.118, showing a slight increase of 0.248 (+0.13%). The chart includes several key elements:
Price Action and Trend Lines:
The price has been moving within a descending channel, indicated by the parallel blue dashed lines.
There is a significant support level around 188.088 and resistance around 194.197.
Smart Money Concepts (SMC):
Multiple Break of Structure (BOS) points are marked, indicating shifts in market structure.
Change of Character (ChoCh) points are also noted, suggesting potential reversals.
A significant BOS is observed around the 190.118 level, indicating a potential bullish reversal.
Elliott Wave Analysis:
The chart shows potential wave counts, suggesting the completion of a corrective wave and the beginning of a new impulsive wave.
Fibonacci retracement levels are drawn, with key levels at 0.382 (190.92), 0.618 (192.29), and 0.786 (193.30).
Volume Profile:
The volume profile on the right side of the chart shows high trading activity around the 194.197 level, indicating strong resistance.
Buy Strategy:
Entry: 190.50 (above the current price to confirm the breakout)
Take Profit 1 (TP1): 192.29 (0.618 Fibonacci level) - 179 pips
Take Profit 2 (TP2): 194.197 (resistance level) - 370 pips
Stop Loss (SL): 189.00 (below the recent low) - 150 pips
Sell Strategy:
Entry: 189.00 (below the current support level)
Take Profit 1 (TP1): 188.088 (support level) - 91 pips
Take Profit 2 (TP2): 183.721 (lower support level) - 528 pips
Stop Loss (SL): 190.50 (above the recent high) - 150 pips
VIP Signal:
Buy: 190.50
TP1: 192.29 (179 pips)
TP2: 194.197 (370 pips)
SL: 189.00 (150 pips)
Sell: 189.00
TP1: 188.088 (91 pips)
TP2: 183.721 (528 pips)
SL: 190.50 (150 pips)
This analysis leverages various trading strategies, including Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave, to formulate detailed buy and sell strategies. The identified key levels offer optimal entry and exit points, ensuring a balanced risk-reward ratio for traders.
GBP/JPY LONG FROM SUPPORT
Hello, Friends!
GBP/JPY pair is in the downtrend because previous week’s candle is red, while the price is obviously falling on the 1D timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 194.042 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
GBPJPY
GBP/JPY Trading Signal: SELL
Entry Point: 190.10
Take Profit Targets:
1. 189.50
2. 189.00
3. 188.50
Stop Loss Point: 191.50
---
Essential Trading Principles:
1. Commit to Learning: Continuously educate yourself to refine strategies and stay ahead in the market.
2. Risk Management: Never invest more than you can comfortably afford to lose.
3. Utilize Stop-Loss Orders: Protect your capital by setting a clear stop-loss point to minimize potential losses.
4. Diversify Your Portfolio: Reduce risk exposure by spreading investments across various assets or trades.
5. Set Profit Goals: Clearly define your take-profit levels and stick to them for consistent returns.
6. Analyze the Market: Regularly assess market trends, price movements, and economic factors influencing GBP/JPY.
7. Review Trade Performance: Evaluate past trades to identify patterns and improve your approach.
8. Stay Disciplined: Avoid emotional decisions by adhering to your trading plan.
9. Focus on Risk-Reward Ratios: Ensure the potential profit justifies the risk in every trade.
10. Exercise Patience: Trust your analysis and allow your trades to play out without unnecessary adjustments.
Trading involves risk. Always make decisions based on careful research and sound judgment.
GBPJPY price prediction I see this market going up to Daily buyside LQ to take it after it being bearish and selling into daily sellside LQ
Double Top Elliot Wave formation. Look at that nice double top. Looking for this to fill out that 5th waves down.
GBP/JPY short term longNot looks like it has enough power to break current support at 189.8. There is FVG at 191 which might be targeted by big players before breaking current support.
Enter-189.9
SL-189.6
TP-191.0
GBPJPY short term LONGGBPJPY is sitting in a bearish trend but due some sort of correction before continuation to the downside could be upon us.
A buy at this level or just below with a target of 196 would be my trade. This is solely a correction move with further downside movement predicted long term as the DOL is sell-side liquidity at much lower levels.
196 confluence area has a 4H FVG to fill and 0.618 fib level. GBPJPY does move in larger extremes so i wouldn't be surprised if we even hit 197 before the shuffle.
News this week for GBP - inflation data Y/Y and GDP.
The events for the week might correlate to a buy the rumor sell the news sort of move.
DXY is still bullish and has room to continue its move higher, JPY and DXY normally move inverse of each other, so these levels will also need to be watched.
Please do your own research before taking any trades. Your thoughts are welcome.
GBP-JPY Support Ahead! Buy!
Hello,Traders!
GBP-JPY keeps falling down
And the pair is locally oversold
So after the price hits the
Horizontal support level
Of 188.135 we will be
Expecting a local
Bullish correction
Towards the target of 191.500
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Gbpjpy buyzone🚨 **Trade Update** 🚨
📊 **Buy Zone Alert**: Watching the **2-hour timeframe** closely! This setup is based on **order blocks, volume analysis**, and previous **supply & demand structure**.
📉 Expecting the current **bearish movement** to push down into the buy zone, which has shown **multiple rejections** since December. Using a **tight stop-loss** due to the higher risk from repeated rejections.
🎯 **Target**: A confirmed 2-hour **order block** with **strong volume** and previous significant rejections.
⚠️ **Heads Up**: There's **red-folder USD news** today, so this trade carries higher risk. Plan to be **tapped in and running at break-even** before the news drops.
Let’s see how it plays out! 💹
👉 Follow for more updates and insights! #ForexTrading #MarketAnalysis #OrderBlocks #RiskManagement
GBP/JPY long from 190.2Approached 0.618 fib level and currently is in the strong bullish order block. Resistances are indicated on the chart.
Enter-190.2
SL-189.9
TP1-190.8. TP2-191.3. TP3-192.2
! REALLY NOT SURE ABOUT THIS ONE ! GBPJPY FALLINGSince there are no indicators except for the RSI, it would seem logical with the current drawdown and divergence for the price to keep falling ;
however there's nothing sure about this, it is just an arrow showing the potential direction,
we'll update if we get more info
Trading minute impulse
On 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.
GBP/JPY Bears in Control: Here’s Why You Can’t Miss This SetupWhat’s going on, everyone? It’s January 16, 2025, and we’re back with an update on GBP/JPY. Let’s dive right into the action.
In this update, we’re reviewing the trade we entered midweek and breaking down why we’re still bearish on the pound versus the yen. We’re seeing lower highs consistently forming on the higher timeframes, and volume suggests that the bears are firmly in control.
While the 190.05 area remains a key level for a potential weekly breakdown, we’ve already locked in 164 pips on our first take profit from the earlier trade. Reentries were strategically placed based on CPI reactions and pullback confirmations.
Targets remain set at 188.93, 188.01, and a possible extension to 187.19 if the momentum holds. With consistent lower lows and lower highs on the H1 and H4 timeframes, this trade is shaping up beautifully for those who stayed disciplined and followed the setup.
This isn’t just about signals—it’s about understanding the why behind the trades and using volume and structure to guide the way.
Want to see the exact setups, volume plays, and key levels? Watch now to catch the breakdown in detail, and don’t miss the live trade results, including a $17,000 GJ win we just closed!
Make sure to boost, follow, and share this with your fellow traders!
GBPJPY sellAccording to my research, I think this currency pair is falling and give us a sell position.
GBPJPY BAT PATTERNHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
gbpjpy buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
