GBPJPY SHORT UPDATE!!!!Our short position just reached 1:1 we can close half and hold the other half to 1:2
Good luck traders
GBPJPY trade ideas
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Sell GBPJPY on ralliesThe GBP/JPY currency pair lost its shine in the Asian session on the strong yen. It hit a low of 193.55 at the time of writing and is currently trading around 194.02. The Potential Reversal Zone (PRZ) is set at 200.20.
In October 2024, Japan's Consumer Price Index (CPI) showed a year-on-year inflation rate of 2.3%, down from 2.5% the previous month and slightly above the expected 2.2%. This decrease continues a trend of moderating inflation, mainly due to lower energy costs. The core CPI, which ignores fresh food, also rose by 2.3%, matching expectations but down from 2.4% in September. Overall, the core inflation rate remained steady at 2.3%.
Technical Overview
The GBP/JPY is trading below both short-term and long-term moving averages, which suggests a major downtrend. The immediate resistance level is at 194.35. If the price breaks this level, it could rise toward 195/196/196.25/197. Support is at 192.80 and if that fails, the price could drop to 191.75/190.
Indicator Analysis
The CCI and ADX indicators suggest a bearish trend.
Trading Recommendation:
Consider selling on rallies around 194.15-18 with SL around 195 and aim for a target price of 190.10.
GbpJpy to the moon Hello Traders! 👋
The GBPJPY pair broke below a key level. This breakout signals potential further upside movement in the pair.
I will be going for a 1:2 on this trade
Follow and comment ! ❤️
GBPJPY buyAfter an impulsive move up form the discount zone & followed by a bounce off a bullish orderblock with COCH & BOS, strong signs suggest this pair may be moving up.
You can take profit at the equilibrium area of TP1 or the upper orderblock at TP2
If you need further confluence wait till price breaks through the current bearish orderblocks below TP1
GJ LongGJ wicked into a monthly supply zone, rejected the area and started towards the downside. We’ve been in a long pullback to retest that rejection and mitigate supply left behind from the initial move. We’re aiming to buy back up the most recent 4H supply zone, and not price action doesn’t shift, hold to fill Fair Value Gap liquidity as well.
GBPJPY SELL Good day, traders
Today, GbpJpy sentimental is bearish, and early morning, it just grabbed liquidity for Asian sessions, firstly lets see if we can have a 1:1 trade and after securing some profits we go fo 1:2.
Good luck, traders
GBPJPY BUY NOW!!!!!!!!GBPJPY on the 1H chart took out the buy side liquidity on a falling wedge breakouts on the 1h chart am expecting to see price rally its way back up to 198.095
MY GOAL TARGET IS 198.095
GBPJPY - Bullish TrendFollowing are the factors involved in Bullish Trend:
1. Divergence and Reversal to Bullish Trend
2. Series of Higher Highs and Higher Lows
3. Break of Bearish Trend line and Bounce from it.
4. Bounced from Support Zone
check the trendA corrective and fluctuating trend is expected to continue to the specified support zone.
Then, according to the price behavior in the specified time frame, there will be a possibility of a trend change
GBPJPYHello Traders,
I expect to sell within this red POI. I will sell immediately once the price hits the middle red supply level, and the SL will be just above the highs.
Wishing you all the best...
GBP/JPY BEST PLACE TO BUY FROM|LONG
Hello, Friends!
Previous week’s red candle means that for us the GBP/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 199.028.
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Possible GBP/JPY play's So GJ is showing a down trend but I would like to see if we will continue or possibly re-test to the upside before continuing down. There is a great support area on the weekly I would love to see it hit before pushing back to the upside. Just to clear that out. That monthly is a Major monthly as well, so looking to get back above that again before going wild to the upside. We will see what this brings us.
GBPJPY SELL $$$$
gbpjpy trend is bearish.
after bos market make a nice and valid ob that we can count on soo...
now we have to wait for the low time frame confirmation to enter sell trade
Beautiful selling setup for GJGBP/JPY currency pair on a 4-hour timeframe, showcasing a bearish market structure. The chart highlights a "Change of Character" (ChoCh) signaling a potential shift to a bearish trend. A key selling zone is marked near the 194.30 level, with a stop-loss (SL) placed slightly above this zone to manage risk. The identified target lies significantly lower, around the 189.00 level, indicating a potential downside move. The setup suggests a short-selling opportunity within the highlighted zone, aligning with the bearish trend confirmation. Traders may find this setup useful for analyzing potential risk-reward scenarios in the market
GBP/JPY Analysis - Potential Scenarios AheadIn this analysis, I highlight key support and resistance zones, along with possible market reactions. The blue zones represent significant areas of interest, where price could either bounce or break, leading to further movement. My outlook includes both bullish and bearish possibilities depending on price action and market sentiment.
I’m keeping a close eye on the key levels marked and waiting for confirmation before executing trades. Let me know your thoughts or share your ideas in the comments! 🔍
Follow me for more insights and analysis!"
BPJPY 25 Nov weekly forecastBPJPY 25 Nov weekly forecast GBP/JPY continues to showcase volatility, driven by global risk sentiment, the strength of the British pound, and fluctuations in the Japanese yen due to Bank of Japan policies. Here's a detailed analysis for the week ahead:
GBPJPY: Long Trade with Entry/SL/TP
GBPJPY
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy GBPJPY
Entry - 193.83
Stop - 192.88
Take - 196.21
Our Risk - 1%
Start protection of your profits from lower levels
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GBPJPY Bank of Japan (BoJ) that issues statements and decides on the interest rates of the country. Its Governor is currently Kazuo Ueda. The BoJ has been applying very low interest rates for many years and even introduced a negative interest rate in January 2016, in an attempt lift consumer prices, which have been sliding for most of the past 20 years. Falling consumer prices is a concern for the country since they hurt corporate revenues and tend to stop spendings. The Japanese Consumer Price Index (CPI) is a key indicator closely monitored by traders of all JPY-related currency crosses.UK Government and its Prime Minister, Rishi Sunak who took office in October 2022, a day after becoming leader of the Conservative Party.
GBPJPY Next Move Possible GBP-JPY BUY ZONE
BUY
GBP-JPY made a retest
Of the horizontal resistance
Level of 193.911 BUY from
Reaction and we will be expecting
A further local move up
Buy
GBPJPY Set To Grow! BUY!
My dear friends,
Please, find my technical outlook for GBPJPY below:
The instrument tests an important psychological level 193.09
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 195.03
Recommended Stop Loss - 192.17
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
