Get started

GBP/JPY Mini

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

GBPJPY.100.CSM trade ideas

GBPJPY 1. Basic Structure of the Chart: This is a 4-hour (4H) chart showing the price movements of GBP/JPY. There are two Exponential Moving Averages (EMA) on the chart: The blue line (EMA 50). The yellow line (EMA 200). These EMAs are used to identify the trend direction and momentum of the price. 2. Gartley Pattern (Harmonic Patterns): The chart features a Gartley harmonic pattern, which is formed between the points X, A, B, C, and D. This pattern predicts a potential price reversal at point D, which is highlighted as a potential target zone. 3. Fibonacci Levels: The Fibonacci retracement and extension levels (e.g., 0.739, 0.567, and 0.734) are marked on the chart. These levels help identify possible reversal or continuation zones for the price movement. 4. Potential Price Direction: A red line is drawn, showing the anticipated bearish movement (price decline) toward point D. A green zone is also marked, indicating a target area where traders might take profits if the price moves as expected. The price currently appears to be in a bearish trend, as suggested by the descending triangle pattern and lower highs. 5. Trendlines (Support and Resistance): The chart has two trendlines: Resistance line (upper boundary of the triangle), which limits upward price movement. Support line (lower boundary of the triangle), which holds the price from falling further. The price is consolidating between these lines, and a breakout below the support is likely. 6. EMA Analysis: The price is below both the EMA 50 and EMA 200, signaling a bearish continuation. If the price remains below these EMAs, it indicates that sellers are in control, and the price may decline further. Conclusion: This chart suggests a bearish continuation, with a high probability of the price falling toward point D. Pay close attention to the Fibonacci levels, trendlines, and EMA positions to make informed trading decisions.
Short
by professionalgoldtrader
3
GBP/JPY BEARISH PATTERN GBP/JPY Is now making a BEARISH RISING WEDGE . Showing us that price is getting ready to drop massively.. Understand why we use patterns to trade.. As humans we must understand that other humans continue to make the same mistakes and decisions over and over. This is why patterns show up on our chart showing us what traders have been doing and what's likely to happen next.. This rising wedge pattern is showing us that the traders mistakes and decisions is LIKELY TO push our market down .. remember to use proper risk management and a proper stop loss !! ENJOY THE PROFITS GBP AND JPY TRADERS!! ENTRY: 192.566 TP:180.194
Short
by CEEJAYYTRADES
GBPJPY Trade Idea 2The last 2 weeks(19th to now. We had gains come back down. In the Monthly tf, it became a wick. Either way, I got my weekly/Daily take profit levels. On the 4HR, I'm looking for entry levels to sell( I will still need further break of structure to the downside. On the 1HR, I'm looking to take some buys to my daily target level of 197.526 or my 4HR target level of 196.060. BUT first I I would need further break of structure to the upside. To increase my Win rate I have to stick to my rules.
by ApxnLiving
1
GBPJPY Trend ReversalGJ failed to break above 200 and this week showed strong bearish sentiment. Technical is sideways to retest lower trendline at about 190.5; to me, the chart looks like a bearish flag where breakdown below the trendline will cause significant downward pressure. The 9 weekly SMA is bearish and this week 1/10/25 caused a breakdown below the 20 weekly SMA. Downward potential range for the short-term 100-150 pips in next 2-3 weeks and 500 pips within next 2 months. After the first 500 pip downfall, i expect the next 500 pip downward move to continue
Short
by TickTackTrades
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.
Long
by PLaceUrBetsPlease
GBPJPY SELL NOWGBPJPY Analysis 📉Signal: Sell Zone: Near 196.200 - 196.400 Take Profit (TP): TP1: 195.750 TP2: 194.000 TP3: 191.800 Stop Loss (SL): Above 197.900 🎯 Overview: GBPJPY is showing signs of rejection at the resistance zone and is expected to resume its bearish trend. Watch for confirmation of entry as price action nears the sell zone. 🔑 Pro Tip: Secure profits early and adjust stop-loss to break-even after the first TP is hit. 💼 #ForexQueen'sVIP 👑 Empowering you to trade with precision!
by FOREXQUEEN_1
GBPJPY TRADE IDEA : LONG | BUY (W/B: 13/01/25)Price has been trending towards discount in this range. I believe that this is the range EVEN though there was no clear range because price SWEPT that low before reversing to the upside and creating equal highs. With an RR of 2.4 I would put the SL on 188.080, with the first TP @ 197.150, the second @ 198.970 and the final @ 202.8 which potential of prices to go higher. RR: 2.4 N.B.: This is not financial advice. Trade safely and with caution.
Long
by saintprincevvs
GBPJPY - Will the pound continue to grow?!The GBPJPY currency pair is above the EMA200 and EMA50 in the 4-hour timeframe and is moving in its upward channel. If we continue to move towards the supply zone, we can sell with an appropriate risk reward. The downward correction of this currency pair towards the demand zone will provide us with the next buying position. The mortgage approval statistics for the UK in November indicate that the number of approved mortgages has reached 65.7K, which is below the forecast of 68.7K and the previous figure of 68.3K. Additionally, net consumer credit dropped to £0.9 billion, falling short of the £1.2 billion estimate. Net mortgage lending also declined to £2.5 billion, below the forecast of £3.2 billion and the previous figure of £3.4 billion. The annual consumer credit rate also fell, reaching 6.6%. On Sunday, Elon Musk stated that Nigel Farage should step down from leading the UK’s right-wing Reform Party. Musk wrote on his social platform, X, “The Reform Party needs a new leader. Farage lacks the necessary ability.” This statement came despite Musk having appeared to support Farage previously, even taking a photo with him last month. Media outlets had speculated that Musk, a close ally of Donald Trump, the U.S.President-elect, might provide significant financial support to the Reform Party to challenge the UK’s Labour and Conservative parties. Mitsubishi UFJ Financial Group has expressed a bearish outlook on the British pound, pointing to potential rate cuts by the Bank of England as a key factor. The group stated that market pricing for the Bank of England’s rate reductions this year is overly conservative. They anticipate that the Bank of England will implement further cuts, which would likely weaken the pound against other currencies, particularly non-dollar ones. Additionally, with the U.S. dollar showing further signs of weakening, the pound is expected to remain under pressure. The financial group also highlighted rising energy prices as a vulnerability for the UK, particularly in light of Ukraine’s refusal to extend its natural gas transit agreement with Russia to Western Europe. The UK’s limited storage capacity exacerbates its susceptibility to market price fluctuations, increasing concerns about a rise in service costs this year. Higher energy prices are expected to negatively impact consumer spending, weaken business confidence, and drive up overall costs. Meanwhile, a recent private survey revealed that Japan’s service sector activity expanded for the second consecutive month in December, driven by strong demand and increased trade activity. According to the survey conducted by S&P Global Market Intelligence, the final services PMI rose from 50.5 in November to 50.9 in December. While this was lower than the preliminary estimate of 51.4, it remained above the 50.0 threshold for the second consecutive month, signaling economic expansion. The Bank of Japan Governor, Mr. Ueda, recently stated: • There is a possibility of raising interest rates if the economic recovery continues. • The timing of adjustments will depend on economic conditions and inflation trends. • He hopes for balanced growth in wages and prices. • Wage increases remain a critical factor. • The cycle of rising wages, economic recovery, and increased consumption gradually reinforced each other throughout the past year.
Short
by Ali_PSND