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GBPJPY 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).
by professionalgoldtrader
1
Bullish Order flow, Looking for CLS to from in discountBullish Order flow, Looking for CLS to from in discount around this level. you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Long
by Dave-Hunter
13
GBPJPY - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast: (Daily Time-frame) While the price is below the resistance 199.79, resumption of downtrend is expected. Technical analysis: The descending flag taking shape suggests we will soon see another leg lower. Trading suggestion: Price rejected from Trend Hunter Sell Zone (198.42 to 199.79). We are going to open 8 sell trade based on these Take Profits: Take Profits: 196.00 193.51 191.88 189.47 186.23 182.78 178.41 Short Term forecast: (H4 Time-frame) The Uptrend is broken, and the price is in an impulse wave. Correction wave toward the Sell Zone. Another Downward Impulse wave toward Lower TPs. SL: Above 199.79 __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the 👍 BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! 🙏 Your Support is appreciated! Let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
Short
by ForecastCity
22
GBPJPY long DXY longLast week was a big week for GBP with interest rate freezing at 4.75%, although 3 members voted to reduce the rate instead of the forecast 1, core inflation has slowed up but still remains too high for now. The labour market proved to be balanced. UK's major issue still lingering is the governments autumn budget which has a lot of data to collect before we see the measure of their changes. Japan is showing high interest rates relative to the norm, but also boasts high economic growth with the annoyance of high labour costs. The move last week after the interest rate announcement will be completely retraced before the next move up. Another factor is the DXY which relative to the JPY moves inversely. DXY since the US election has been bullish and I can see it continuing, last week we saw a correction due to PCE data and now we have a free rein. GBPJPY long with targets of 199, 201, 204 support right now is 196.6, a move direct from here would be extremely bullish and a quick move back to 198-199. If we move lower than 196 invalidates my thesis. Idea is based around DOL at 199, trend continuation with fib 1.618 and FVG at 201. Support was prior news resistance level. This is not financial advice for anyone, its solely my take on predicting the next move for GBPJPY. happy holidays
Long
by PLaceUrBetsPlease
GBP/JPY Bullish BiasFactors Supporting the Bullish Bias 1. Monetary Policy Divergence (Strong): • The Bank of England (BoE) maintains a relatively hawkish stance with a 4.75% interest rate, while the Bank of Japan (BoJ) continues its ultra-dovish monetary policy. • The significant yield differential between GBP and JPY creates strong support for GBP/JPY, especially as global investors seek higher returns. 2. Economic Growth Advantage (Moderate): • The UK economy is showing resilience with stable GDP growth, strong consumer spending, and a robust labor market. • Japan’s economy remains weak, with GDP forecasts downgraded to ~1.0% for FY2025, largely due to rising import costs and stagnant domestic demand. 3. Inflationary Pressure in the UK (Strong): • Persistent inflation in the UK forces the BoE to maintain restrictive monetary policies, which supports GBP strength. • In contrast, Japan’s inflation is subdued, justifying BoJ’s accommodative stance and limiting JPY strength. 4. Political Stability in the UK (Moderate): • Post-Brexit stabilization enhances the pound’s appeal compared to Japan’s economic policy struggles, but the impact is not overwhelmingly strong. 5. Risk-On Sentiment (Variable): • A bullish GBP/JPY bias is often tied to global risk-on sentiment, where investors prefer higher-yielding currencies like GBP. However, this factor can shift quickly with geopolitical or macroeconomic developments. Factors That Could Weaken the Bullish Bias 1. Risk-Off Sentiment (Weakens Bias): • In periods of heightened geopolitical tension or global economic uncertainty, JPY strengthens as a safe-haven currency. If such conditions arise, they could temporarily cap GBP/JPY gains. 2. Market Overextension (Limits Momentum): • GBP/JPY has already experienced a strong rally in recent months. Markets could see profit-taking or technical corrections, which may slow further bullish momentum. 3. Upcoming Data Risks (Neutral to Weakens Bias): • UK GDP data (January 5, 2025): Any significant downside surprise could weaken GBP temporarily. • Japan inflation (January 6, 2025): A higher-than-expected inflation reading could fuel speculation of BoJ tightening, which would strengthen JPY.
Long
by GreenhillFin
GBPJPY Sell/Short SignalGBPJPY looks like a sell on the D1 and has been moving steadily down from the last entry we took. We are looking for a nice slide downward movement with key levels I marked on the chart. Last few patterns that have played out created a double top and a clear indication of an M formation to complete the full double bottom. I would like to see levels 192, 188, and 183 touch for a long term swing trade period, however, you are able to close when you wish to do so. Please be advised to use cautionary risk/reward ratios and what suits you best. If you have any questions, please feel free to message me as I love to answer questions! Thanks! Happy New Years to all! We are officially BACK! ENTRY: 195.284 (can enter in these levels) TP 1 (Day Trade): 192.020 TP 2 (Swing Trade): 188.006 TP 3: (extended swing trade) 183.762 SL: 50 Pips from entry Please message me if you have any questions! Please enjoy your day and be sure to follow our page!
Short
by KingTraderFX
2
GBPJPY NEXT MOVE (expecting a mild correction)(30-12-2024)Go through the analysis carefully, and do trade accordingly. Anup Bias (Mid term) Current price- 198.600 "if Price stay below 200.000 then next target is 197.600 and 195.000 and above that 202.000. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.
Short
by AnupZiddi
9
Shorting GJ from POIBased on my analysis, I anticipate GBP/JPY (GJ) to clear the liquidity at the top before resuming its descent toward my target profit (TP). This expectation aligns with the higher time frame (HTF) structure, which suggests a significant bearish move. To manage risk effectively, I am limiting my exposure to 0.5% of my trading account on this setup. The trade thesis is grounded in the premise that the pair will first attract liquidity above key levels before continuing its larger downward trend.
Short
by Romzy_ng
GBPJPY Is Very Bearish! Sell! Please, check our technical outlook for GBPJPY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 194.994. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 192.442 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1