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GBPJPY trade ideas

GBPJPY analysisAfter two days of bullish candles, GBPJPY is still within the ranges of 189 to 193. However, it could present some good intraday trading opportunities during the London and NY session today. As I write this, the price has already broken below the 192 level and is hanging around the 191.2 level. If we see then level break, then we could see it make its way towards 190.2. If it finds suport at this level and goes up to the 192 level again, then it coulf present with a nice shorting opportunity to test the 191.2 levels again. The momentum seems to be towards the downside today and I would not buy this market unless I see some really healthy bullish candles towards the upside. At the moment, it is about waiting for the retracement to sell again. There is big data release during the NY session today, so the overall direction could be dictated by what the data is like at that time.
Short
by CandleStickGuru
Bearish drop?GBP/JPY is rising towards the resistance level which is a pullback resistance that lines up with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 191.34 Why we like it: There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 192.02 Why we like it: There is an overlap resistance level. Take profit: 190.21 Why we like it: There is an overlap support level that line sup with the 100% Fibonacci projection. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
2
GBPJPY BUY TRADE PLAN✅ GBP/JPY Trade Plan – Trend Continuation ⭐⭐⭐⭐⭐ (High Confidence) 📌 Entry Type: Waiting for Pullback 📌 Status: Price has NOT tapped the entry zone yet – Waiting for first-time entry. 📍 BUY ZONE: ✔ BUY: 190.500 - 190.200 (Demand Zone + Previous Support + 50% Fibo Retracement) 🔰 STOP LOSS: 🚨 SL: 189.750 (Below Demand Zone & Liquidity Grab Area) 🎯 TAKE PROFIT TARGETS: 🥇 TP1: 192.200 (Previous High) 🥈 TP2: 193.500 (Key Resistance) 🥉 TP3: 194.800 (Swing High + Liquidity Target) ⚡ RISK-REWARD RATIO: ✅ Min R:R: 1:3+ (High Reward Potential) 📌 Reason for Entry: ✔ Trend Continuation Setup – Bullish market structure on D1/H4. ✔ Demand Zone aligns with Fibonacci 50% retracement & previous support. ✔ Institutional liquidity grab below 190.500 = Smart Money Accumulation. ✔ Bullish rejection candles (Engulfing, Pin Bar) in demand zone = Confirmation. 📌 Confirmation Required Before Buying: ✔ H1 Bullish Rejection (Pin Bar, Engulfing) at Entry Zone. ✔ LTF Bullish Divergence = Extra Confluence. ✔ Volume Increase at Demand Zone = Smart Money Buying Signal. 🚨 DO NOT buy if price breaks & closes below 189.750 (Invalidation Level). 📌 RISK MANAGEMENT REMINDER: 💰 Use 1-2% risk per trade. Move SL to breakeven after TP1 to secure profits. 📌 TRADE VALIDITY & INVALIDATION CONDITIONS: ✅ Trade Validity: Price must tap the entry zone within 24 hours for the trade setup to remain valid. ❌ Invalidation: If price breaks & holds below 189.750 OR if price moves away from the entry zone without a pullback. ❌ If price does NOT reach the entry zone within 24 hours, the setup is invalid, and we will reassess the market conditions. ✅ Final Thoughts: ✔ Only one Buy Zone in this trade plan – No Sell Setup currently valid. ✔ Waiting for price to pull back to the demand zone before entry. ✔ Patience is key – Only execute with confirmation signals!
Long
by jibkhan111
GBPJPY💡The chart shows a technical analysis of the GBPJPY currency pair on the 4-hour timeframe. The price is moving within an ascending channel. There are repeated bounces from the upper channel line, as shown, indicating strong resistance at these levels. The price reached the upper channel line and rebounded, indicating strong selling pressure at this level. There is a possibility of a continued decline toward the lower channel line, as shown. The green area (S.1) represents a potential support zone from which the price may rebound in the future. MACD Indicator: Currently, the upward momentum appears to be fading, supporting the possibility of a continued decline to S.1. ⛔️Not investment advice for educational purposes only.
by Adhamcurrency
GBPJPY Will Collapse! SELL! My dear subscribers, My technical analysis for GBPJPY is below: The price is coiling around a solid key level - 191.33 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 190.40 My Stop Loss - 191.87 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 ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
GBPJPY INTRADAY bullish breakout continuationThe GBP/JPY currency pair is currently exhibiting a bullish sentiment, supported by the prevailing uptrend. Recent intraday price action shows a sideways consolidation, suggesting the formation of a new support zone at the previous resistance level. This consolidation phase reflects a temporary pause within the broader bullish trend. The key trading level to watch is 190.70, which represents the previous consolidation price range. A corrective pullback towards this level, followed by a bullish bounce, could confirm continued upward momentum, targeting the 193.10 resistance level. Sustained buying pressure could further extend gains to 193.90 and ultimately 195.00 over the longer timeframe. However, if the pair experiences a confirmed loss of the 190.70 support level and a daily close below this point, it would invalidate the bullish outlook. In that scenario, the pair may face increased selling pressure, leading to a retracement towards 189.14. Further downside movement could expose the next support levels at 187.20 and 186.40. Conclusion: The bullish sentiment for GBP/JPY remains intact as long as the 190.70 support holds. Traders should monitor this key level closely, as a bounce back would reaffirm the uptrend, while a break below could trigger a deeper retracement. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation