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GBP/JPY Mini

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GBPJPY.100.CSM trade ideas

GBP/JPY shortWe are still in a bearish market at 4H and 1D. Currently we have a strong resistance at 189,3-189,5 which we are not able to close above and we just filled FVG gap formed by a sharp fall. I sold a little bit earlier at 189.1. I am looking for retesting previous support and collecting strong OB. I see possibility of reverse from 188.8 where several FVG gaps lie together on different TF and because of double bottom formed. But I believe RR is good enough for taking this risk. Entry 189.1 SL 189.65 TP 187,4 Good luck
Short
by Will489
1
GBP/JPY (British Pound / Japanese Yen) 4-hour analysis,GBP/JPY (British Pound / Japanese Yen) 4-hour analysis on OANDA, incorporating key technical levels: Key Levels & Zones: • Entry Zone: 189.198 - 189.241, acting as a potential buy area. • Support Zone: 187.295 - 187.948, marked in red, indicating a strong support area. • Resistance Levels: • 190.374 (first target) • 191.926 (second target) • 193.052 (major resistance level) Price Projection & Analysis: • The price is currently testing the entry zone, suggesting a potential bounce from this level. • If the price holds above 189.198, a bullish move towards 190.374 and beyond is expected. • A break below 187.921 could lead to further downside towards 187.295 or lower.
by Blue_Pills
GBP/JPY Analysis – 1H & Daily TimeframesCurrent Price: ¥188.48 1-Hour (H1) Chart Analysis: 📌 Downtrend in Play – GBP/JPY is trading within a descending trendline (red), showing continuous lower highs and lower lows. 📌 Support Around ¥188.00 – The pair found temporary support near ¥188.00, aligning with the green trendline, indicating potential buying interest at this level. 📌 Resistance at ¥190.00 – The descending trendline and recent price action suggest that ¥190.00 is a key resistance zone. Any upside move could face rejection here. 📌 Indicators: ✔️ Price remains below short-term moving averages, confirming bearish momentum. ✔️ A break above ¥190.00 would be needed to shift momentum toward bullish recovery. ✔️ A breakdown below ¥188.00 could open doors to ¥186.50 or lower. H1 Prediction: 📉 Bearish Scenario: If GBP/JPY fails to break above ¥190.00, expect further downside toward ¥188.00 and possibly ¥186.50. 📈 Bullish Scenario: A break above ¥190.00 could trigger a rally toward ¥192.00, but strong resistance exists at the trendline. Daily (D1) Chart Analysis: 📌 Strong Downtrend Since ¥200.00 – GBP/JPY has been in a bearish structure, consistently rejecting from lower highs. 📌 Bearish Wick Rejection – Recent price action shows a bearish wick, indicating selling pressure at higher levels. 📌 Descending Triangle Formation – The pair is forming a descending triangle, with lower highs and support around ¥185.00 - ¥186.00 (blue horizontal line). 📌 Indicators: ✔️ The trend remains bearish as price trades below key resistance levels and moving averages. ✔️ If ¥185.00 - ¥186.00 support breaks, expect further downside to ¥180.00. ✔️ A bullish reversal is possible only if ¥192.00 is breached. D1 Prediction: 📉 Bearish Scenario: If GBP/JPY continues to reject lower highs, expect ¥186.00 - ¥185.00 to be tested soon. A break below this could send price toward ¥180.00. 📈 Bullish Scenario: A break and close above ¥192.00 would signal a trend shift toward ¥195.00+. Final Outlook: 🚨 Overall Bias: Bearish 🔸 Short-Term (H1): Watching for a retest of ¥190.00 resistance or further downside toward ¥188.00. 🔸 Long-Term (D1): GBP/JPY remains bearish unless it breaks above ¥192.00. 💡 Strategy: ✅ For sellers: Look for rejections at ¥190.00 and target ¥186.00. ✅ For buyers: Wait for a confirmed breakout above ¥192.00 before considering a long position. 📊 GBP/JPY remains in a clear downtrend—until key resistances break, the trend favors the bears! 🚨
Short
by DhandaTheGreat
GBP/JPY 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE This is a GBP/JPY 1-hour chart from TradingView, showing price action analysis. Here’s what it suggests: The red highlighted zone represents a support area around 188.000. The black arrows indicate a potential bullish reversal from this support, suggesting a bounce and a move toward higher levels. The purple lightning icon may indicate a key support level or an area of high interest (potential demand zone). This analysis implies that if price respects the support zone, a bullish move could follow. However, if it breaks below, further downside could be expected.
Long
by DavidHills110
1
GBPJPY SURELY FALL 1. Resistance Break Possibility The analysis suggests a rejection at resistance (191.878) leading to a drop. However, price could break above resistance, triggering stop-loss orders and fueling a bullish rally. Instead of a reversal, watch for a liquidity grab above resistance before deciding on direction. 2. Support Area Failure Risk The support zone (near 189.000) is assumed to hold, but if market momentum is strong, price could break through, leading to further downside. Instead of assuming a bounce, consider monitoring for confirmation before entering long trades. 3. Bullish Trend Continuation Possibility Price recently made a strong move upwards, suggesting buyers are active. The expected rejection at resistance may fail, leading to a higher breakout instead of a reversal. The small consolidation near 190.296 could indicate accumulation for a bullish continuation. 4. Alternative Scenarios Instead of dropping immediately, price may range between 190.762 and 191.878 before a strong move in either direction.
Long
by Fx_Oliviaa
3
GBP/JPY 1-Hour Chart Analysis: Bearish Rejection at 200 EMA! 📊 GBP/JPY 1-Hour Chart Analysis 📉 1️⃣ Trend & Key Levels: 📌 Price is testing the 200 EMA (190.674), acting as resistance. 🔻 Recent price action shows a rejection at this level, suggesting bearish pressure. 2️⃣ Trade Setup (Possible Short Position) 💰: Entry: Around 190.354 - 190.674 📍 Stop-Loss: Above 190.972 🚫 Take-Profit Target: Around 188.685 ✅ 3️⃣ RSI Indicator (Momentum Check) 📉: 📊 RSI at 52.47 → Neutral, slightly bullish. 🔥 55.93 level shows price was overbought recently but is cooling down. ✅ Conclusion: 🔴 If price stays below 190.674, expect a drop toward 188.685. 🟢 If price breaks above 190.972, bullish momentum could continue.
Short
by MrStellanSight