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GBP/JPY Mini

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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. @fxopen
Short
by syomking76418
GBPJPY Trade Ideahe GBP/JPY pared some of its gains after a massive jump yesterday. It hit an intraday high of 191.98 and is currently trading around 189.52. Intraday trend is bearish as long as resistance resistance 192 holds. The UK Manufacturing PMI in February 2025 was 46.9, improved from the flash reading of 46.4, but still showing a sharp contraction in the sector, the biggest since December 2023. Output has fallen for four months running, coupled with steep falls in employment and backlogs. Rising energy and raw materials prices have driven input cost inflation upwards, which has led to the largest factory gate price increase since April 2023. The sub-50 PMI reading reflects bearish implications for the Pound Sterling technical Analysis Points to Further Downside The GBP/JPY pair is trading below 34 and 55 EMA (Short-term) and 200 EMA (long-term on the 4-hour chart, confirming a bearish trend. Immediate resistance is at 190.35, a breach above this level targets of 190.64/191/192. Any close above 192 in the 4-hour chart confirms further bullishness. Downside support is at 188 with additional levels at 187.65/187.25/186/185. Market Indicators CCI (50)- Neutral Directional movement index - Neutral. It is recommended to sell on rallies around 190 with a stop-loss at 192 for a TP of 185.
Short
by adiechiii
GBP/JPY e Analysis & Probability Estimation March 4 2025Key Observations Across Timeframes: 1. Market Structure & Trend Analysis: Short-term (M15, M30): Price is consolidating near 189.200, testing the previous daily low (PDL) for liquidity. A Break of Structure (BOS) occurred, signaling short-term bearish control. The price is hovering at a key demand zone (PWL - 188.500/187.800). If price breaks below 188.800, further downside is likely. Mid-term (H1, H4): The price rejected equilibrium (~189.800 - 190.000), showing weakness. A Change of Character (ChOCH) to the downside suggests a bearish trend continuation. Liquidity below PWL (187.800) could be a target before a potential bounce. Long-term (D1): The price is in a larger downtrend, failing to break above premium zones (~190.500 - 192.000). Liquidity below PWL (~188.000 - 187.500) is uncollected, making it a likely target. The next major support lies in the discount zone (~185.500 - 186.500). 2. Key Liquidity Zones & Supply/Demand Areas: Premium Zone (~190.500 - 192.000): Major resistance; rejection happened here. Equilibrium (~189.800 - 190.000): Price failed to hold above, signaling weakness. Discount Zone (~187.500 - 186.500): Next strong demand area if price continues lower. Previous Daily Low (PDL - 188.800): Price is testing this level for liquidity; a break here could lead to further downside. Previous Weekly Low (PWL - 187.500): Untapped liquidity below, making it a strong target for price movement. Probability-Based Scenarios: 1. Bearish Continuation to 187.800 - 186.500 (Break Below PDL & PWL) Probability: 65% Reasons: Failure to hold above equilibrium (189.800). Bearish BOS & ChOCH confirmations on H1/H4 suggest a move down. Liquidity below 188.000 (PWL) remains uncollected. Strong daily downtrend supports further downside. Bearish Confirmation: If price breaks and holds below 188.800, expect a move toward 187.500 - 186.500. 2. Bullish Reversal from Discount Zone (Bounce from 188.500 - 187.500) Probability: 35% Reasons: Potential liquidity grab at PWL (188.000 - 187.500) before reversing. Demand zone at 187.500 - 186.500 could cause a bullish reaction. If price holds above 188.800, we may see a bounce to 189.800 - 190.000. Bullish Confirmation: If price fails to break below 188.500, a push back toward equilibrium (189.800) is possible. Final Thoughts & Trade Plan: Bearish bias (65% probability) for continuation toward 187.800 - 186.500. Key Confirmation Levels: Below 188.800: Bearish toward 187.500 - 186.500. Above 189.200: Potential bullish recovery toward 189.800 - 190.000. Trade Setup Overview: Bias: Bearish (65% probability) Entry Type: Breakout & Retest 📉 Sell (Short) Trade Setup: 🔴 Entry: Below 188.800 (Confirmed BOS) 🎯 Take Profit (TP) Targets: TP1: 188.200 (PWL - Previous Weekly Low) TP2: 187.800 (Liquidity sweep level) TP3: 186.500 (Major discount zone) 🛑 Stop Loss (SL): 189.400 (Above minor liquidity) 📊 Risk-to-Reward (R:R): TP1: ~1:2 TP2: ~1:3 TP3: ~1:5 🔹 Confirmation Needed: Strong candle close below 188.800 (Break & retest scenario) No immediate bullish rejection at 188.500 📈 Buy (Long) Trade Setup (Lower Probability - 35%) 🟢 Entry: Above 189.200 (Bullish rejection & BOS) 🎯 Take Profit (TP) Targets: TP1: 189.800 (Equilibrium zone) TP2: 190.500 (Supply zone) TP3: 191.500 (Major resistance) 🛑 Stop Loss (SL): 188.700 (Below structure low) 📊 Risk-to-Reward (R:R): TP1: ~1:2 TP2: ~1:3 TP3: ~1:5 🔹 Confirmation Needed: Price needs to hold above 189.200 with strong bullish momentum. No immediate rejection from equilibrium (189.800). 🛠️ Execution Tips: 🔄 Wait for a clear breakout & retest before entering. ⚖️ Adjust lot size based on risk tolerance (~1-2% per trade). 🕰️ Monitor price action on the lower timeframes (M15/M30) for entry precision.
Short
by wizzywise1
GBP/USD NEW IDEA 1HOUR CHART TECHNICAL ANALYSIS.This chart represents a technical analysis of the GBP/JPY (British Pound / Japanese Yen) pair on the 1-hour timeframe. It highlights support and resistance levels, key price movements, and potential future direction. Key Observations: 1. Support Level (Yellow Zone - ~189.000) This area has acted as a strong demand zone where price has bounced multiple times. If the price reaches this zone again and holds, a bullish bounce is possible. 2. Resistance Level (Red Zone - ~192.000) This area has acted as a strong supply zone where sellers have stepped in. Price reached this level, got rejected (highlighted with an orange circle), and started dropping. If price moves up again and reaches this zone, another rejection or breakout might occur. 3. Current Price Action (~189.789) The price is between support and resistance, consolidating around 189.800. The blue arrow projections suggest two possibilities: A bullish move if price holds above support. A breakout towards resistance if momentum increases. Trading Plan: Buy (Long) Setup: If price tests the support zone (189.000) and shows bullish confirmation, it can be a good buying opportunity towards 192.000. Sell (Short) Setup: If price reaches the resistance zone (192.000) and gets rejected again, a sell trade could be considered. Breakout Trade: If price breaks above 192.000, it could continue higher. If it breaks below 189.000, further downside is expected. This chart provides a clear roadmap for potential trades based on support and resistance. Let me know if you need a more detailed breakdown!
Long
by afzalforex110
GBP/JPY Analysis – Key Levels & Trade Scenarios📊 Timeframe: Weekly (1W) | Current Price: ~189.90 📉 Bearish Context: Resistance at 192.04: Strong supply zone (red rectangle) where price previously reversed. Aligned with moving averages (likely 50 & 100 periods), acting as dynamic resistance. Support at 184.63: Marked in blue as a significant demand zone. Historical reaction area, where buyers may step in again. 📉 Current Outlook: Price rejected 192.04, forming a bearish structure. Price currently consolidating below resistance, indicating weakness. If selling pressure continues, a move toward 184.63 is likely. 📈 Trade Setups: 🔻 Short (Bearish Bias): Entry: Below 189.50 with a bearish confirmation. Target 1: 186.00 Target 2: 184.63 Stop Loss: Above 192.00 to avoid fakeouts. 🔼 Long (Reversal Play): Entry: Strong bullish reaction from 184.63. Target: Retest of 192.04, with SL below 184.00. 📌 Final Thoughts: The bearish trend remains dominant unless 192.04 is broken. A clean break below 189.50 strengthens the bearish outlook. Macro factors and volatility could influence upcoming price action.
Short
by Forex48_TradingAcademy
1
GBP/JPY Sell Alert: Double Top Confirmation & Bearish Trend 📉 GBP/JPY Sell Trade Analysis **Trade Setup Details:** - **Sell Entry:** **189.500** - **Stop Loss:** **Above 190.300** - **Take Profit Targets:** - **TP1:** **189.000** (+50 pips) - **TP2:** **188.600** (+90 pips) - **TP3:** **188.300** (final target, +120 pips) - **Resistance Level:** **189.900** #### **Technical Analysis Breakdown:** 1. **Double Top Pattern at 190.300:** - This is a **bearish reversal pattern**, meaning the price tried to break above **190.300** twice but failed. - It confirms a potential downtrend as sellers step in. 2. **EMA50 Trend Confirmation:** - The price is moving **below EMA50**, which signals a strong **bearish trend**. - This supports the idea that sellers are in control. 3. **Resistance Level at 189.900:** - If price retests this level and **fails to break above**, it confirms further downside potential. - If price **breaks above 190.300**, it invalidates the sell setup, and **risk management must be applied**. #### ** Risk Management & Trade Execution:* * - **Stop Loss Placement:** Above **190.300**, which is the double top resistance. If price breaks above this level, it indicates bullish momentum. - **Risk-to-Reward Ratio (RRR):** - TP1: **1:1** (Risk 50 pips for 50 pips gain) - TP2: **1:1.8** (Risk 50 pips for 90 pips gain) - TP3: **1:2.4** (Risk 50 pips for 120 pips gain) ### **Conclusion:** This sell trade is based on a strong **bearish double top pattern** and **EMA50 trend confirmation**. The **189.900 resistance level** is key—if the price stays below it, the trade remains valid. However, if price **breaks 190.300**, it invalidates the setup, and stop-loss protection should be used. **📊 Monitor price action, stick to your plan, and manage risk carefully!** 🚀🔥
Short
by elitetrader9090
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
Short GJTrade Bias: Bearish The price action is forming lower highs and lower lows, indicating a downtrend. There is a recent rejection from the 190.000 - 190.500 resistance zone. Entry Price: 189.500 (Sell entry after a potential pullback to this resistance level) Stop Loss: 190.200 (Above recent highs and resistance, allowing for some volatility) Take Profit Levels: Primary TP: 188.200 (Previous support zone) Extended TP: 187.500 (Next major support if bearish momentum continues) Risk-to-Reward Ratio: 1:2.5 (Risking ~70 pips for a potential 175 pips gain) Trade Rationale: Trend Continuation: The market is respecting a bearish structure. Resistance Confirmation: 189.500 is a key level where sellers previously took control. Confluence Factors: Lower highs, recent rejection, and potential for further downside if price fails to break above resistance.
Short
by ShlomoYahbes
GBP/JPY Multi-Timeframe Analysis & Probability Estimation **Timeframes Covered:** - **30-Minute (M30)** - **1-Hour (H1)** - **4-Hour (H4)** - **Daily (D1)** **Key Observations Across Timeframes:** **1. Market Structure & Trend Analysis:** - **Short-term:** (M30, H1) Price is trading near **equilibrium (~189.600 - 189.800)** with minor bullish structure. - **Mid-term:** (H4) Price is rejecting from a previous **liquidity zone**, but still inside a bearish structure. - **Long-term:** (D1) Overall, **GBPJPY is still bearish** with price bouncing from the **discount zone (188.000 - 187.500)** but failing to break above **key resistance (190.500 - 191.000).** **2. Supply & Demand Zones:** - **Premium Zone (~190.500 - 193.000):** Strong supply zone, price may reject if it reaches this level. - **Discount Zone (~187.500 - 186.500):** Strong demand zone where price recently found buyers. - **Equilibrium (~189.600 - 189.800):** Price is currently consolidating, meaning market is undecided. **3. Liquidity Areas & Key Levels:** - **Previous Daily High (PDH ~190.000) & Previous Weekly High (PWH ~192.000):** These levels may act as liquidity magnets. - **Previous Weekly Low (PWL ~187.500):** If price drops, this will be the next area of interest for liquidity. - **Weak High near 190.500:** If price struggles here, expect a reversal. --- **Probability-Based Scenarios:** **1. Bullish Scenario (Move Towards 190.500 - 192.000)** - **Probability: 50%** - **Reasons:** - Short-term bullish momentum (M30 & H1) suggests price might push toward the **premium zone (190.500 - 192.000).** - If price **breaks and holds above 189.800**, it could push higher. - Liquidity above **PDH (190.000) could be a target** before a potential rejection. **2. Bearish Scenario (Drop Below 188.500 Towards PWL)** - **Probability: 50%** - **Reasons:** - **H4 & D1 remain bearish**, meaning a continuation of the downtrend is still possible. - If price **fails to hold above 189.600**, expect a move lower towards **188.500 or even 187.500 (PWL).** - The **0.618 Fibonacci level (190.626) is acting as strong resistance.** **Final Thoughts & Trade Plan:** - **Market is currently in a neutral zone (50/50 probability)**, meaning it can go either way. - **Key Confirmation Levels:** - **Above 189.800:** Bullish towards **190.500 - 192.000**. - **Below 189.600:** Bearish towards **188.500 - 187.500**.
by wizzywise1
GBPJPY weekly analysis (Gbpjpy)Alternative (Bullish) Analysis 1. Breakout Above Resistance at 190.070 The chart suggests rejection from 190.070, but if price breaks and holds above this level, it could signal further upside momentum. Instead of a bearish move, price could consolidate above 190.165 and push toward 191.003 or higher. 2. Strong Accumulation in the Support Zone (187.800) The support area at 187.800 has already been tested multiple times, and each time, price has rebounded. This could indicate a strong demand zone, meaning buyers are stepping in aggressively. If buyers push price back to resistance and break through, a new bullish trend may emerge. 3. Liquidity Grab Below 188.000 The previous dip below 188.000 may have been a liquidity grab to stop out weak hands before a bullish reversal. If this assumption holds, price may now aim for higher highs rather than another rejection from resistance. 4. Market Structure Shift Instead of forming a lower high at resistance, a higher low formation could suggest an uptrend. If price finds support around 189.000 instead of dropping to 187.800, a bullish continuation pattern would be confirmed
Long
by Fx_Oliviaa