GBPJPY Short on Regression BreakGBPJPY has broken the uptrend over the holiday period.
May need more time to develop a trend as volumes will return today.
GBPJPY.100.CSM trade ideas
Chart : GBP/JPY
Harmonic Analysis:
The GBP/JPY chart clearly shows a "Shark Pattern," with the D point nearing completion at the 197.1 to 197.5 zone.
This Shark pattern suggests that if the D point is reached, the market might face a downward move or reversal.
Opportunities and Risks:
Opportunity: If GBP/JPY reaches 197.1-197.5 (the D point), a reversal to the downside could occur.
Risk: If the price breaks above 197.5, the Shark Pattern might fail, leading to further bullish momentum.
Recommendation:
Wait for GBP/JPY to reach the 197.1-197.5 zone before taking any action. If the market reverses at this level, it could provide a good opportunity to short the market.
Conclusion:
GBP/JPY: Watch for the Shark Pattern completion (197.1-197.5).
Intraday SELL Level - GBPJPY 197.006A solid intraday level for profit-taking: entry at 197.006, targeting 196.71. Feel free to reach out if you have any questions!
GBPJPY CHARTThere was a bullish trend after formation of double top pattern and bearish divergence trend reverse and prints LL's. Now going to print LH. There is 2 trade plan either go with sell limit or if want save entry then sell stop at breakdown of last LL.
GBPJPY Ideathis pair has formed:
1- a valid ascending trendline
2- double top
on h4 timeframe
and broke both of them with a big candle that close below the neckline and the last touch of the trendline
so we're now waiting for a retest and rejection on the neckline do we enter a short (sell) position
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GBPJPY trade idea 03/01/2025Todays GBPJPY trade idea, higher timeframes are bearish (monthly and weekly) with Daily soon to turn (4,1 and 30 min bearish also) will wait for it to retest daily zone of interest (top yellow) before taking a sell.
First target is lower daily level of interest highlighted in yellow at the bottom, before creating a new lower low.
GBPJPY LONGBreakeven @ 1R
Risking half on due to first week of the NY
HTF rejections on certain timeframes
Sellin GbpjpyTgt point 58 or lower Because it went to 73 pips down it’s projecting the target and usually it goes back up but eventually it’s down to target. That’s how the big boys make more pips.
Now it’s a buy GBPJPY 197.27 minimum Yep It’ll go up and hit target sooner or later maybe but it’s measured and it should go further. It’s the cheat code system can’t be beat. Been running it here for three years.
GBPJPY SELL im looking on selling GBPJPY in a short term price has been trading down for week now in this coming week we should be waiting for this sell to play out...
197.32 tgt GBPJPYYep, it’s confirmed because it’s gone more than 65 pips up from the anchor point at projects at target 95 pips above the anchor point did you know it’s the cheat code system been running for four years now
POSSIBLE SELL OPPORTUNITY ON GBPJPYPrice showing signs of strong momentum. We look for the pullback to take the trade.
GBPJPY DAILY SELL/BUY ZONEGBPJPY remains in a bullish net with a potential upswing, but be mindful of bank of japan currency manipulation which is evident and a character of its monetary policy team. On monthly chart 2007/2008 was significant for yen as they crashed British pounds from 260.465 to as low as 119.958 by April 2009.
the pair remains bullish on monthly chart .
Tue 31st Dec 2024 GBP/JPY Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/JPY Sell. Enjoy the day all. Cheers. Jim
GBPJPY WEEKLY ON BULLISH NETGBPJPY remains in a bullish net,the weekly structure have a breakout from supply roof and retested multiple times,if the pairs higher ,i will like to see buy impulse into my supply roof
GBPJPY REMAIN IN A BULLISH NETGBPJPY remains in a bullish net with a potential upswing, but be mindful of bank of japan currency manipulation which is evident and a character of its monetary policy team. On monthly chart 2007/2008 was significant for yen as they crashed British pounds from 260.465 to as low as 119.958 by April 2009.
the pair remains bullish on monthly chart .
197.51 a buy GBPJPY MEASURED tgt hitYeah, it went 50 pips past the target, which is smack in the middle of the buy zone by zone as an arrow only about 25 pips or 30 pips but it’s worth trying to buy right there with a small stop at floor trader stop you know six pips with a stop in reverse
GBP/JPY H1 | Potential bullish bounceGBP/JPY is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 197.87 which is an overlap support.
Stop loss is at 197.09 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at 198.81 which is a swing-high resistance.
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Buy trade GBPJPY till we see 65 pip Dow moveBuyin 198.41 not Sellin like last trade Yep, it happens faster the down move, failed to exceed 65 pips
Sellin GBPJPY 198.98 cause tgt hit Zero drawdown Sal going the target was hit to the pit and the written rules say we put a five pitstop blossom on it and reverse the trade. I do this all the time.
gbpjpyThere is a resistance in the 199,000 area in the ascending channel trend on the gbpjpy 4-hour chart. With the break of this resistance, we can see an increase to the upper band of the channel.
GBP-JPY Potential Short! Sell!
Hello,Traders!
GBP-JPY grew up sharply
And the pair is locally
Oversold so after it hits
A horizontal resistance
Of 199.805 we will see
A local bearish correction
Sell!
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GBPJPY SELL PROJECTION GBPJPY is at the highest daily demand zone and I expect price to drop and go short. Price has to break down from the trendline and then retest to the zone Nd go short
