Bullish bounce off pullback support?GBP/JPY is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 194.75
1st Support: 193,51
1st Resistance: 197.49
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GBPJPY trade ideas
GBP_JPY WILL KEEP GROWING|LONG|
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GBP_JPY is trading in a
Strong uptrend and the pair
Made a bullish breakout
Of the key horizontal level
Of 195.000 and the breakout
Is confirmed so we are bullish
Biased and we will be expecting
A further bullish move up
LONG๐
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GBPJPY Long IdeaIn the daily graphs we can observe the price moving between the two daily trend lines which creates triangle.
As the increasing trendline is strong for now, we are most likely to seek the Long position in this pair.
At the best scenario we will look for the price close daily above the previous major high of 194.900, if yes after a little retest we can come up to at leass to the decreasing trendline to 197.000 levels. So after breaking above and reaching to that point we can see a pull back to the previous resistance level to be turned into new support and after buy confirmation we can look for another highs which were previous daily resistance zones 198.800 and 199.800.
On the other scenarios as shown on the chart we can either make the decreasing trendline a strong resistance zone and come back to the previous strong daily resistance zones of 189.200.
Let's see and observe what opportunities the market will give us.
Good Luck!
Bullish momentum to extend?GBP/JPY is falling towards the support level which is a pullback support and could bounce from this level to our take profit.
Entry: 193.69
Why we like it:
There is a pullback support level.
Stop loss: 193.46
Why we like it:
There is an overlap support level.
Take profit: 197.49
Why we like it:
There is a pullback resistance that lines up with the 61.8% Fibonacci projection.
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GBP JPY #0001 Position Trading - waiting for the day candle of today to close;
- briefly, the market appeared on the long side, but unfortunately, the last 2 candles (upon this entry day) do not reflect strong bullish sentiments
- ending both last two candles (2nd of the previous too) possibly closed below the liquidity line of the last High (weeks earlier)
- this is my position trading regardless of the retracement until it reaches the order block labeled as the target in the image.
GBPJPY INTRADAY bullish breakout supported at 193.24The GBP/JPY currency pair shows a bullish sentiment, reinforced by the prevailing uptrend. Recent intraday price action appears to be a bullish breakout above previous resistance zone.
Bullish Scenario:
The key trading level to watch is 193.24, which represents the previous consolidation range. A successful bullish bounce from this level could target the 195.00 resistance, with potential continuation toward 196.20 and 197.45 over the longer timeframe.
Bearish Scenario:
However, a decisive break below 193.24 with a daily close below this level would invalidate the bullish outlook. This would signal a potential shift to a bearish trend, with downside targets at 192.00 and, subsequently, 191.60.
Conclusion:
The bullish sentiment remains intact as long as 193.24 holds as support. Traders should look for bullish confirmation at this level to sustain upward momentum. A break below 193.24 would indicate a deeper retracement and potential trend reversal.
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GBPJPY - Short Term Sell Idea Update!!!Hi Traders, on March 26th I shared this idea "GBPJPY - Expecting Bearish Continuation In The Short Term"
We expected to see retraces and further continuation lower. You can read the full post using the link above.
Retrace and push lower happened until it was blocked by a bullish divergence.
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GBPJPY(Trendline breakout)The GBP/JPY breaks significant resistance 195 after a long consolidation. It hits an intraday high of 195.33 and is currently trading around 195.28. Intraday trend is bullish as long as support 194 holds.
It is recommended to buy on dips around 195.10-15 with a stop-loss at 194.40 for a TP of 197.
GBPJPY SELL ALERTS!!! *GBP/JPY Sell Alert: Don't Miss Out!*
*Key Points to Consider:*
1. *High-Probability Sell Opportunity*: A critical resistance level has been reached, increasing the likelihood of a reversal.
2. *Yen Strength*: A strengthening Japanese Yen, driven by safe-haven demand and positive economic data, may exacerbate the GBP/JPY decline.
*Trade Specifications:*
- *Sell Entry:* 193
- *Profit Targets:*
- TP1: 191 (50 pips)
- TP2: 188 (100 pips)
- *Stop-Loss:* 194 (10 pips above entry)
*Market Context:*
The GBP/JPY pair is consolidating, with market participants awaiting key economic data releases and Brexit updates. A break below 191 could trigger a sharp decline.
*Trading Strategy:*
Sell GBP/JPY at 193, with a stop-loss at 194. Use the profit targets to take profits or adjust the stop-loss to break even.
*Actionable Insights:*
- Monitor the GBP/JPY pair closely for a potential breakdown below 191.
- Adjust your trading strategy according to market conditions and economic data releases.
- Keep an eye on the Japanese Yen's strength and its impact on the GBP/JPY pair.
*News and Market Analysis:*
- *BOJ's Monetary Policy Decision*: The Bank of Japan's decision to maintain its monetary policy stance has strengthened the Japanese Yen.
- *Brexit Uncertainty*: Ongoing Brexit negotiations and uncertainty surrounding the UK's departure from the EU may weigh on the British Pound.
- *Global Economic Slowdown*: Concerns over a global economic slowdown may drive investors towards safe-haven assets, such as the Japanese Yen.
*Your Feedback Matters:*
If this trade idea and analysis helped you, please:
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CHECK GBPJPY ANALYSIS SIGNAL UPDATE > GO AND READ THE CAPTAINBaddy dears friends ๐๐ผ
(GPBJPY) trading signals technical analysis satup๐๐ผ
I think now (GBPJPY) ready for( SELL )trade ( GBPJPY ) SELL zone
( TRADE SATUP) ๐๐ผ
ENTRY POINT (195.100) to (195.000) ๐
FIRST TP (194.600)๐
2ND TARGET (194.000) ๐
LAST TARGET (193.500) ๐
STOP LOOS (195.600)โ
Tachincal analysis satup
Fallow risk management
GBPJPY Is Going Up! Buy!
Here is our detailed technical review for GBPJPY.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 194.512.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 196.392 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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GBP/JPY Entry Set Ups (Bullish)Currently running the 15 min Risk entry due to BOS and rejection/retesting of 200 EMA and double bottom off key area. Risk low with this one in case the market turns.
Also included are entries I would have preferred, which are better entries. If it breaks below the unmitigated OB I will be looking to go short.
Mister Y - GJ - Thursday - 27/03/25 Top down analysisAnalysis done directly on the chart
Timing is fundamental. A lot of times, we were right
about the idea but it just needed more time to develop.
Have patience, nothing will come in one night (unless you
are super fortunate).
Not financial advice, DYOR.
Market Flow Strategy
Mister Y
GBP/JPY: Fibonacci Levels Signal Possible Bullish ContinuationTechnical Analysis: GBP/JPY Bullish Continuation ๐
The GBP/JPY chart provided highlights a bullish trend continuation setup, supported by Fibonacci retracement levels. Here's a detailed breakdown:
๐ Fibonacci Levels in Play
The swing low to swing high has been plotted, revealing key retracement levels.
The price is currently near the 50% retracement level (194.326), a critical support zone in bullish trends.
The 61.8% retracement level (194.165), often called the "golden ratio," serves as a stronger support below this.
๐ Bullish Bias
The overall trend remains bullish, with higher highs and higher lows visible on the chart.
The corrective pullback to Fibonacci levels suggests a potential continuation of the upward momentum.
๐ฏ Target Projection
The arrow on the chart points to a projected move toward the 195.683 level, aligning with the -50% Fibonacci extension.
This target aligns with the bullish trend and indicates a potential breakout above the recent high.
๐ Confluence and Confirmation
The price action shows signs of rejection at the 50% retracement level, indicating buyer interest.
A bullish candlestick pattern or increased volume near this zone would further confirm the upward move.
โ ๏ธ Risk Management
The 61.8% level (194.165) is a key invalidation point. A break below this level could signal a deeper retracement toward the 78.6% level (193.937) or even the swing low.
This analysis is for informational purposes only and does not constitute financial advice. Trading involves significant risk, and you should only trade with capital you can afford to lose. Always conduct your own research and consult with a financial advisor before making trading decisions.