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GBP/JPY

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GBPJPY.1000.CFD trade ideas

GBP/JPY - Rising Wedge PatternWe are observing a potential rising wedge pattern on the 15-minute timeframe for GBP/JPY. The price action is narrowing as it moves higher, with multiple rejections at the upper resistance line. This is often seen as a bearish reversal signal. A break below the wedge's lower support line could trigger a downward move. The short entry is around 189.2, targeting the 188.15 area with a stop loss placed just above the recent high at 189.72. Be cautious, as price action is nearing a key decision point!
by JoeSignals
1
GBPJPY - Look for Continuation Short (SWING) 1:4!Price has consolidated and rejected the SBR Zone on the HTF, while also bouncing off the Weekly Support Level, showing potential to make a new high on the LTF. Before continuing upward, it needs to respect the DBD Supply Zone. The upward move is likely if the SBR is broken. Let's see how the market reacts to this zone. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Short
by S-Fx_
2
GBP/JPY - Swing trade - Long - 1:3.33 RR📈 Trendline Break and Retest Setup I'm sharing a potential long trade idea based on a clean trendline break and retest. After a sharp downward movement, price has broken through the descending trendline, signalling a possible reversal. 🟢 Trade Plan: Entry: Waiting for confirmation of a retest around 189.358 before entering long. Stop-Loss (SL): Positioned below the recent swing low at 183.721 to protect against downside risk. Take-Profits (TP): TP1: 193.490 - First resistance area where I'll also move my SL to breakeven. TP2: 199.480 - Key level above to watch for further upside. TP3: 208.120 - Final target if the bullish momentum continues.
Long
by PipShiesty
4
GBPJPY - going long seems like a good idea.The FOMC news and press conference today left the charts in a bit of a mess. We do have NZD and AUD news soon, so I don't even want to look at those currencies. One chart that makes sense to me is GBPJPY. The daily chart is bullish, current week is strongly bullish and H4 is making higher lows & highs. If I see a pullback to about 186.50, I am happy to go long. This pullback would also get the 20sma closer to price providing a good entry location and smaller stop. This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Long
by Trading_Vista
GBP/JPY BULLISH MOVEENTRY: 186.769 Tp 1: 189.439 Tp 2: 191.904 Tp 3: 193.339 As we can see on the chart GBP/JPY pair was once on a downtrend. We can now see the trend reversal to bullish which we also have 3 touch point on the trend line t confirm this Uptrend line is being respected by price. What we are looking for is for price to come back near price 186.439 to touch the trend line. If continues to respect the trend line we will enter for the long to hit TP !! - CEEJAY.TRADES on ALL SOCIALS CHECK OUT MY PROFILE FOR MORE IDEAS LIKE THIS!!
Long
by CEEJAYYTRADES
GBPJPY Will Move Lower! Sell! Here is our detailed technical review for GBPJPY. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 187.889. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 186.021 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPJPY long term sellAfter a year of massive gains I am expecting a major correction in the market, a possible market crash GBPJPY has currently formed a double bottom on the 23% Fibonacci level - Expecting a retracement (LONG positions) towards the 50% FIB level -if price closes above 50% FIB level expect a retest of the psychological zone 200.00 -once prices reach that level expect an immediate impulse towards the downside - but if not short until 169 as identified on the levels on the chart currently it is bullish
Short
by Ballers1408
GBP/JPY Res Test - 23.6 of the Sell-OffWhile the world waits for the Fed to kick off their cutting cycle, there's been some very strong moves showing in Yen-pairs. GBP/JPY remains especially elevated on a longer-term basis and the Bank of England hasn't exactly been hawkish of late. There was a 2,800 pip sell-off in July-August and the bounce from that was intense, even if it couldn't quite make it to the 50% retracement level. Bears took over again shortly after the September open but started to stall a little under 1,000 pips below that prior high with yesterday's low falling just five pips shy of the 183.72 swing. At this point there's a resistance test at the 23.6% retracement of the July-August sell-off. I've spanned that up to a zone that runs as high as 187.96. If we do see Yen-strength come back after the Fed tomorrow, which I think would need to come along with a dovish FOMC outing, which could be accomplished with a 50 bp cut combined with a dovish dot plot matrix, then we could see bears taking over again. But if we see a bit of prudence from the FOMC and a continued bounce in USD/JPY, the door is open for re-test of the 190.00 handle in the GBP/JPY cross-pair. The 38.2% retracement of the sell-off plots 91 pips higher and this sets up a spot of resistance taken from prior support. - js
by FOREXcom
GBPJPY Weekly Chart: A Strong Support Zone in PlayIn the world of forex trading, the GBPJPY pair has been a fascinating one to watch. Over the past four years, we’ve seen significant price movements, but one thing has remained consistent: the trendline drawn from the lowest price points on the weekly chart. This trendline has acted as a robust support level, and it appears that we might see it come into play once again. Chart Analysis: The weekly chart of GBPJPY shows a clear trendline connecting the lowest price points over the last four years. This trendline has been respected multiple times, indicating its strength as a support level. Currently, the price is approaching this trendline, and traders are watching closely to see if it will act as support once again. Key Observations: Historical Support: The trendline has provided support on several occasions, leading to significant price bounces. Current Price Action: The price is nearing the trendline, suggesting a potential bounce if the trendline holds. Volume Analysis: Recent volume bars show increased trading activity, indicating heightened interest as the price approaches this key level. Trading Strategy: For traders looking to capitalize on this potential support zone, it might be wise to wait for confirmation of a bounce before entering a long position. This could be in the form of a bullish candlestick pattern or a significant increase in buying volume. Conclusion: The GBPJPY weekly chart is presenting a compelling case for a potential bounce off a well-respected trendline. As always, traders should use proper risk management and wait for confirmation before making any trading decisions.
by stocktechbot