GBPJPY trade ideas
GJ Bullish Shift After Daily FVG MitigationHello Traders,
Hope everyone is having a fantastic week!
Today on GBPJPY, price has shifted the 4-hour swing structure to bullish following the mitigation of the daily Fair Value Gap (FVG)—a strong sign of a change in character (CHoCH). From this point, price may aim for the daily weak buy-side liquidity (BSL). Use your lower time frames (LTF) to identify bullish patterns that support this long trade setup.
GBPJPY RangingGBPJPY is still in the range. For this range we can trade between the zones drawn. It has taken previous day high already. There is S&R level and supply zone if gets buyer push and crosses previous week high we may expect further bullish momentum. Till now we can trade between zones if we see any bullish signs.
GBPJPY – Eyeing new highs as bullish structure holdsGBPJPY continues to trade within a steady ascending channel and has recently bounced from short-term support around 198.200. If price breaks above 199.400, bullish momentum could strengthen, targeting the previous high near 200.800 — a key resistance zone that has been rejected before.
From a fundamental perspective, expectations that the Bank of England will maintain high interest rates to combat inflation are supporting the pound. Meanwhile, investor sentiment remains cautious toward the yen following dovish signals from the Bank of Japan. If upcoming UK economic data is positive, GBPJPY may continue climbing in the sessions ahead.
GBPJPY A Fall Expected! SELL!
My dear subscribers,
My technical analysis for GBPJPY is below:
The price is coiling around a solid key level - 199.16
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 198.88
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
7.15 GBP/JPY LIVE TRADE UPDATEThis is day 3 on this trade. Classic 123 pullback into S/R followed by an engulfing candle, there was a signal on the chart earlier but volume/momentum did not line up so we waited for all indicators to align before hitting the "go" button. We always wait for a new high/low before considering price action as being in a true pullback. We also use the volume indicator alot and rely heavily on it, volume shows the interest this pair has atm. We will keep watching, it should have plenty of room to hit our 2:1 R/R target. What target do you normally go for?
GBPJPY Will Grow! Buy!
Here is our detailed technical review for GBPJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 198.531.
The above observations make me that the market will inevitably achieve 202.938 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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Falling Wedge Formation Ive been bullish on GBPJPY for a couple weeks now and I still believe that it has more upside potential. Here we have a Falling Wedge Formation. we have 4 touches on our pattern already and just waiting for a break and retest to enter again. I am currently in a position based of the retest price gave of the previous resistance (circled on chart). Lets see how it goes.
GBP/JPY H4 | Yen weakness to persist?GBP/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 197.98 which is a pullback support that aligns with the 38.2% Fibonacci retracement.
Stop loss is at 196.68 which is a level that lies underneath a swing-low support and the 61.8% Fibonacci retracement.
Take profit is at 199.75 which is a swing-high resistance.
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GBPJPY: Downside Pressure Increasing - Sell Opportunity!GBPJPY is showing clear signs of weakness, currently trading around 198.620. If it breaks and holds below 198.300, the bearish trend will be confirmed, with the next potential target at 192.000.
Upcoming key economic news from the UK (inflation, retail sales) and Japan (BOJ policy) will be decisive. Prioritize selling strategies, monitor news closely, and manage risk tightly.
$GJ (GBPJPY) 1HPrice is currently forming a descending triangle pattern, with clear lower highs and a horizontal support zone.
Trendline resistance is actively being respected.
Liquidity is likely building below the horizontal support zone.
A false breakout or sweep above the trendline followed by rejection could trigger institutional distribution.
As long as the descending trendline holds, and no bullish BOS occurs, the structure remains bearish. Look for price to accumulate short positions before expansion.
GBPJPY AccumulatingGBPJPY is building liquidity. We can see it around these zones. So trading between the zones will be wonderful. We can not say anything about the direction of GBPJPY right now because it is oscillating between the zones. The clear picture can be trade zones for scalping. No any potential move seen here.