potentially a bearish pennant forming.Potentially a bearish pennant forming. Awaiting further confirmation before entering.
GBPJPY.100.CSM trade ideas
GBP/JPY WANT SELLING ZONE AT 195.10📉 GBP/JPY Update 📉
GBP/JPY has broken its key support level, confirming a bearish trend. The pair is now firmly holding in the bearish zone, with technical targets at:
🎯 191.00 (first target)
🎯 188.00 (second target)
Potential Short on GBPJPYOANDA:GBPJPY topped out at 199.034 forming a double top with the neckline at around the 195.718 area which happens to fall on a previously broken resistance and later turned support. This area was massively broken through earlier today, if price finds resistance at the neckline and gives a good price action formation, price will likely fall lower.
I will target:
TP 1 - 193.321
TP 2 - 192.402
TP 3 - 189.174
Do your due diligence, past results does not guarantee future results
GBP/JPY Bullish As the year draws to a close, GBP/JPY presents an exciting opportunity! Here's the setup:
🎯 Targets:
TP1: 200.07
TP2: 202.17
TP3: 204.84
🔹 Stop Loss: 196.02
📈 Key Factors Driving This Trade:
Strong GBP Fundamentals: Positive UK economic reports are boosting the Pound.
JPY Weakness Continues: Dovish signals from the Bank of Japan keep the Yen under pressure.
GBPJPY: Bullish Momentum Ahead!The GBPJPY pair is gearing up for an upward move, and my analysis suggests a definite buy point at 195.378. This prediction is rooted in the proven methodology of EASY Trading AI, which evaluates market trends and sentiment effectively.
Looking at the recent performance, we've noticed a strong bullish momentum in this currency pair. The Bank of England's ongoing commitment to maintaining a tighter monetary policy is bolstering the sterling against the yen. Additionally, rising UK economic indicators, particularly in manufacturing and employment, are likely to fuel this positive sentiment.
Setting your Take Profit at 195.72833333 provides a solid target, while the Stop Loss at 194.83233333 ensures prudent risk management.
As global markets face economic fluctuations, GBPJPY's strength seems to favor the bullish outlook in the near term. Traders should stay alert for any news that could impact this trend, but the current indicators favor buying in this scenario. Let's ride this wave of optimism!
GBPJPY Trade Idea. Shout-out to the new Yearly Candle.
I'm on the lookout for these 2 levels to get hit. The take profits are going to change but this is in a perfect world.
I will post a signal once I take a trade, 2025 is to take less trades but to have a higher returns.
GBPJPY MOVED BEARISH WITH BULLISH STRUCTURE STILL IN PLAY Week 1LAST WEEK FORECAST
"So keep following structure bullish this week, until structure flips"
HAPPY NEW YEAR EVERYONE. last week was beautiful for GJ as price retraced back to the origin demand zone and I joined in the pullback with 2 positions after the internal structure flipped.
I'm still looking for Buys until the last origin demand is broken for sells.
FUNDAMENTALS still favours the pounds.
GBPJPY long DXY longLast week was a big week for GBP with interest rate freezing at 4.75%, although 3 members voted to reduce the rate instead of the forecast 1, core inflation has slowed up but still remains too high for now. The labour market proved to be balanced.
UK's major issue still lingering is the governments autumn budget which has a lot of data to collect before we see the measure of their changes.
Japan is showing high interest rates relative to the norm, but also boasts high economic growth with the annoyance of high labour costs.
The move last week after the interest rate announcement will be completely retraced before the next move up.
Another factor is the DXY which relative to the JPY moves inversely.
DXY since the US election has been bullish and I can see it continuing, last week we saw a correction due to PCE data and now we have a free rein.
GBPJPY long with targets of 199, 201, 204 support right now is 196.6, a move direct from here would be extremely bullish and a quick move back to 198-199. If we move lower than 196 invalidates my thesis.
Idea is based around DOL at 199, trend continuation with fib 1.618 and FVG at 201. Support was prior news resistance level.
This is not financial advice for anyone, its solely my take on predicting the next move for GBPJPY.
happy holidays
Quick BUY or SELL: GBPJPYI'm looking at these 2, depending on which way it leans to.
I Will wait and keep you guys updated.
Our Job is to be able to react to the market.
(even if these areas are hit I will need one final confirmation.)
GBPJPY Is Very Bearish! Sell!
Please, check our technical outlook for GBPJPY.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 194.994.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 192.442 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.
Like and subscribe and comment my ideas if you enjoy them!
GBPJPY update H1 ANALYSIS (read the caption)TRADING TIDES!
GBPJPY, a currency pair of contrasts, is making waves!
Current Price: 194.950 we are gonna stand for lon in GBPJPY Target Price: 197.000 because of BULLSIH REVERSAL ALERT!
Buy now and ride the wave!
Key Fundamental Highlights:
BOE's Interest Rate Decisions: Impacting GBP's value
Japan's Economic Growth: Influencing JPY's strength
Global Trade Tensions: Affecting currency fluctuations
Technical Highlights:
Trend: Reversal in sight
Support: 194.000
Resistance: 197.000
Stay ahead of the curve! Keep a close eye on GBPJPY's price movements and trends.
Best wishes Tom 😎
Share your thoughts! What's your outlook on GBPJPY's future?"
POSSIBLE SELL OPPORTUNITY ON GBPJPYPrice showing signs of strong momentum. We look for the pullback to take the trade.
GBPJPY Q4 FY24 - Q1 FY25 5% - 8% the greatest pound yen forecaster (proof below) is back with another bag
as price approaches the point below im expecting a hike to the target points
however it might even start hiking from where it stands right now
so gators on and bull cont. for that
as we enter 2024 strategic currency reserve moves are at hand president trump safe haven assets and a whole lotta doomsday preppers
GBPJPY sell stopGBPJPY was making Higher Highs and Higher Lows, it was in up trend but now it formed Double Top with RSI divergence. it will likely to change its up trend into down trend so place the sell stop order below HL
Gbpjpy 2025From a technical point of view, the medium-term trend of the gbpjpy currency pair is bullish, but the yen is moving towards a change of priority. Yesterday, the price strengthened to 197.181111 but after grabbing liquidity below the level, the upward movement did not develop. The price was consolidated below the level of impulse candles and rushed lower. The volume surge at the support level indicates the activity of sellers. And all this is happening against the background of the Cable growth. Thus, we should expect a further price decline, before grabbing demand at 194.825556.
Potential bullish rise?GBP/JPY has reacted off the pivot and could rise to the 1st resistance which has been identified as a pullback resistance.
Pivot: 195.87
1st Support: 194.72
1st Resistance: 198.66
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.
1H chart dang boys GBPJPY up till further noticeIt’s the golden crossover on the 1H stopped that downmove like a stonewall went up to target by my cheat code I got right here had for years now
GBPJPY Price Looking for Breakout Points GBP/JPY currency pair and looking for potential breakout points based on certain price levels.
1. Breakout from 196.560:
If the price breaks above this level (196.560), this could signal a potential bullish breakout, suggesting upward momentum. The next target would depend on how the price behaves post-breakout.
2. Next Resistance Zone (197.500):
If the price doesn't break out from 196.560, the next resistance zone to watch is 197.500. If this level is broken, and moving to out Selling Zone Point.
3. Support Zone (194.040):
On the downside, if the price fails to hold at 196.560 and begins to fall, 194.040 acts as a strong support zone. If this level is broken, further downside movement could be expected.
Remember These levels Price will Move in these points fallow our Trend trend is Friend
Rate Share Your idea what's Going on GBPJPY Thanks.
GBPJPY Sell opportunity 500pipsOANDA:GBPJPY pair has been in a strong bullish trend, reaching higher levels. However, the current price action suggests a potential reversal. Target: 195.538 Traders can consider selling opportunities at the current level, targeting the first support level at 195.538.
Please mind your money management 🙏
Please support my work by like / boost and comment your thoughts in comment section 🙂
Best Wishes Tom 😎
GBPJPY is BearishPrice was in an uptrend, however a bearish divergence along with a double top hints the control of bears, the bearish sentiment is further confirmed by the break of previous higher low. If the momentum sustains then we can expect further lows as per Dow theory. Targets are mentioned on the chart.
GBPJPY I am interested in going long for GJ as price drew into a daily zone and is looking to push away from the 4HR orderblock. Trade safely. remember this is not financial advice, any trades you take are fully your responsibility.
GBPJPY SELL ZONESignal for GBP/JPY:
Action: Sell Now
Take Profit: Open
Stop Loss: 198.500
Secure Trade Rule: Adjust to break-even after 35+ pips in profit. Good luck! 🚀
GBPJPY TARGET 198.OOHere's a summary of your updated GBP/JPY trade plan:
Trade Plan
- Entry Point: 196.300 (current)
- Target: 198.000
- Stop-Loss: 195.200
Market Analysis
The GBP/JPY is experiencing a bullish trend, driven by a strengthening British pound and a weakening Japanese yen.
Technical Analysis
- RSI Indicator: The Relative Strength Index (RSI) is above 50, indicating a bullish momentum.
- Moving Averages: The 50-day moving average is trending upwards, supporting the bullish view.
- Support Levels: The support levels at 195.200 and 194.500 could provide a buying opportunity in case of a pullback.
Risk Management
- Risk-Reward Ratio: Your risk-reward ratio is approximately 1:2.9, which is relatively conservative.
- Position Sizing: Make sure to adjust your position size according to your risk tolerance and account size.
Trade Progress
You're currently 170 pips away from your target. Keep monitoring the market and adjust your strategy as needed.
Stay disciplined and stick to your trade plan. Good luck!
