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GBP/JPY Mini

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GBPJPY.100.CSM trade ideas

DeGRAM | GBPJPY retest of dynamic supportGBPJPY is in a descending channel between the trend lines. The price is moving from the upper boundary of the channel, but it has already reached the dynamic support, which previously acted as a rebound point. On the 1W Timeframe, the chart is in the accumulation zone, which is characterized by the fact that volumes have increased and the pair is held in a certain trading zone. Before reaching the lower trend line, a harmonic pattern was formed, the potential of movement of which held under the 50% retracement level. We expect price growth after fixing above the mentioned retracement level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
5
GBPJPY Consolidation Break with Rising Yen Inflation Pressure FX:GBPJPY 4H chart shows it has been in consolidation. At the time of writing, GBPJPY pushed through both the upper and lower bound of the price channel. 1D chart An inverted head-and-shoulders is forming, with the neckline yet to break. Rising volume hints at a potential bullish move. The Yen inflation Japan’s inflation hit 4.0% in January 2025, a two-year high (weak Yen). This strengthens the case for BOJ rate hikes, potentially boosting JPY and pressuring GBPJPY upsides.
Long
by HerbertiNk
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. @fxopen
Short
by syomking76418
GBP/JPY Feb 26th Cont.....Learn about discipline and identifying poor market conditions over chasing what is clearly not there to start with. The word Anticipation is used way to much for those looking to get into trade positions and is simply guess work and hoping for something that can clearly be identified as such prior. "the need to trade" mindset. Time is better spent how to identify this than sitting at a chart hoping for hours that something may appear. Self progression is more important than trying to be a "trader". Those who can trade would be able to identify the limited options here many hours before. This is called experience.. Cant be bought or sold, but can be discussed and explained why as it was in the community. Identify the correct areas to work on and you will see solid progress so much faster. Work along side the correct people, take notes and ask the right questions to be able to do so !!!
by Trade_With_Monty
1
GBP/JPY 30-Minute Chart Analysis (Feb 28 2025 **Key Observations:** 1. **Market Structure:** - A **strong bearish move** recently broke below the **Previous Day Low (PDL)**. - **Change of Character (ChOCH)** occurred at the lower levels, indicating a potential reversal attempt. - Price has tapped into the **discount zone** and reacted sharply, suggesting some buying interest. 2. **Liquidity Areas:** - **Previous Weak Low (PWL) & Discount Zone (Below 188.000)**: This zone acted as a liquidity grab. - **Previous Day High (PDH ~190.000)**: A strong supply area that might be targeted if price reverses. - **Premium Zone (~190.200 & Above)**: Heavy resistance exists here, meaning buyers would need strong momentum to push through. 3. **Current Price Action:** - The price has **rejected from the discount zone**, which is a key demand area. - The price is trading **below equilibrium**, meaning it's still in a discounted state. - If buyers step in, we might see an attempt to reclaim equilibrium (~188.800-189.200). *Probability-Based Scenarios:** 1. **Bullish Scenario (Rebound Towards Equilibrium or PDH)** - **Probability: 55%** - **Reasons:** - Price reacted to the **discount zone**, showing some bullish interest. - ChOCH signals a possible shift in momentum. - If price **breaks and holds above 188.600**, it could move toward **equilibrium (~188.800-189.200)** or even **PDH (190.000)**. 2. **Bearish Scenario (Continuation Below PWL & Weak Low)** - **Probability: 45%** - **Reasons:** - If price **fails to reclaim equilibrium**, sellers may push it back toward **weak lows (187.800 area)**. - The market is still in a bearish trend, and this could just be a temporary retracement before another drop. - If price **fails at 188.600**, a return to the demand zone is likely. **Final Thoughts:** - **Slightly higher probability for a bullish retracement (55%)**, but the trend remains bearish. - **Key Confirmation Needed:** - **Above 188.600:** Bullish move toward equilibrium. - **Below 188.200:** Bearish continuation likely.
Short
by wizzywise1
GBPJPY capped by falling resistance at 191.16The GBPJPY price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 191.16. An oversold rally from the current levels and a bearish rejection from the 191.16 level could target the downside support at 188.90 followed by 187.12 and 185.60 levels over the longer timeframe. Alternatively, a confirmed breakout above 191.16 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 193.68 resistance followed by 194.70 levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
Bearish reversal off 50% Fibonacci resistance?GBP/JPY is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support. Pivot: 190.68 1st Support: 187.74 1st Resistance: 193.06 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.
Short
by ICmarkets
GBPJPY jumps above 190.50The GBP/JPY pair climbs to around 190.70 during the early European trading hours on Friday. The British Pound (GBP) gains strength against the Japanese Yen (JPY) following the release of the UK's January Retail Sales data. The Office for National Statistics reported on Friday that UK Retail Sales rose by 1.7% month-on-month in January, compared to a decline of 0.3% in December. This figure exceeded the market's expectation of a 0.3% increase. On a yearly basis, Retail Sales grew by 1.0% in January, compared to a previously revised increase of 2.8% (originally 3.6%), surpassing the forecast of 0.6%. The GBP remains strong in immediate response to the positive UK Retail Sales figures.
Short
by xauusd_rr
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. @fxopen
Short
by syomking76418
1
GBPJPY: Channel Down on its new bullish wave.GBPJPY is bearish on its 1D technical outlook (RSI = 41.292, MACD = -0.960, ADX = 36.514) as since the February 13th LH and rejection near the 1D MA50, it was been on its new bearish wave. The 1D RSI doesn't give a buy signal until it hits its S1 Zone, so we remain bearish on this pair with a typical TP = 185.500, unless the RSI hits S1 first, in which case you'll be encouraged to take profit earlier. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope