GBPJPY: Short Signal with Entry/SL/TP
GBPJPY
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell GBPJPY
Entry Level - 194.59
Sl - 195.64
Tp - 192.40
Our Risk - 1%
Start protection of your profits from lower levels
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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GBPJPY trade ideas
Why GBPJPY is bullish ?? Detailed Technical and FundamentalsGBPJPY is currently trading around 193.000, with technical analysis indicating a potential bullish breakout that could yield gains exceeding 300 pips, targeting the 198.000 level. This anticipated movement is supported by the pair’s recent behavior, where it edged higher to 194.89 before a slight retreat, suggesting consolidation ahead of a possible upward surge. A strong breakout from the current resistance zone could trigger an aggressive bullish wave.
Fundamentally, the British pound has shown resilience, bolstered by stable economic indicators and a proactive monetary policy stance from the Bank of England. Meanwhile, the Japanese yen has experienced depreciation, influenced by the Bank of Japan’s commitment to maintaining ultra-loose monetary policies. The widening interest rate differential between the UK and Japan favors a stronger GBP, adding bullish momentum to the pair.
Technical indicators further reinforce the bullish outlook for GBP/JPY. The pair has been trading within a consolidation range, and a breakout above the current resistance level could signal the continuation of the prevailing uptrend. Moving averages and oscillators are aligning to support this bullish scenario, with the potential to reach the 198.000 target. Volume analysis also suggests growing buying pressure, which could accelerate the upward move once resistance is breached.
Traders should monitor key resistance levels closely, as a confirmed breakout could present a lucrative opportunity to capitalize on the anticipated 300-pip movement. Implementing robust risk management strategies, such as setting appropriate stop-loss orders, is essential to mitigate potential market volatility. Staying informed about upcoming economic data releases and central bank communications will also be crucial in navigating this trading opportunity effectively.
Mister Y - GJ - Monday - 24/03/25 Top down analysisAnalysis done directly on the chart
As I said last Thu and Fri, market positioning is not
the best, thus makes it harder to spot high probability
winning trades and setups.
Inclining to take more short TPs and secure profits
not being greedy.
A lot of times, we are correct about our analysis BUT
what is missing is the timing. With time and experience
and the desire to improve everyday, you'll start to understand
better when price will likely to have higher chance
of happening a specific move.
Not financial advice, DYOR.
Mister Y
GBP/JPY BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
GBP/JPY pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 191.791 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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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GBPJPYMy trade idea was simple:
If GBP/JPY breaks above a key level, I will look for a retest and enter a long position.
If it breaks below, I will wait for confirmation and enter a short position.
The key is to follow the market, not predict it. Always trade what you see, not what you think will happen. Let the price action guide your entries.
Bullish bounce?GBP/JPY is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 191.16
1st Support: 189.22
1st Resistance: 194.56
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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GBPJPY: Potential Inverse Head and Shoulders PatternGBPJPY: Potential Inverse Head and Shoulders Pattern
GBPJPY is showing the possibility of forming a potential Inverse Head and Shoulders Pattern. The fundamental situation related to the Bank of Japan (BOJ) remains a bit confusing.
Government data released on Friday indicated that Japan's consumer prices are on track toward the BOJ's goal of achieving stable 2% inflation. However, this data wasn't strong enough to push the BOJ to rush into the next interest-rate hike, according to market analysts.
If GBPJPY continues its current bullish movement, a very strong resistance zone will be found near 191.90. A movement above this area will definitely confirm our pattern, and GBPJPY may continue to rise further to 194.30 and 197.80 in the coming days.
You may find more details in the chart!
Thank you and Good Luck!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
CHECK XAUUSD ANALYSIS SIGNAL UPDATE > GO AND READ THE CAPTAINBaddy dears friends 👋🏼
(GPBJPY) trading signals technical analysis satup👇🏼
I think now (GBPJPY) ready for( BUY )trade ( GBPJPY ) BUY zone
( TRADE SATUP) 👇🏼
ENTRY POINT (192.900) to (192.800) 📊
FIRST TP (193.100)📊
2ND TARGET (193.400) 📊
LAST TARGET (193.700) 📊
STOP LOOS (192.400)❌
Tachincal analysis satup
Fallow risk management
UPDATE ON GBP/JPY TRADEGBP/JPY 30M - Our pending order was just missed late last night, as you can see price didn't quite come down enough to trade into the 50% mark our Demand Zone.
Did any of you Asian Session traders manage to get in manually? I know those of you who are in the UK and Europe probably didn't hence the pending order.
The trade above ran for + 84 pips. (+5%) 5RR
The potential profits from this trade here could have been great for those of you who entered in manually, understandably those of you who typically trade the London and NY probably missed it just like I did.
Nevertheless I wanted to provide you all with the trading opportunity and update you all on how it performed over night, well done to any of you who got in manually based on the penetration and rejection.
CHECK GBPJPY ANALYSIS SIGNAL UPDATE > GO AND READ THE CAPTAINBaddy dears friends 👋🏼
(GPBJPY) trading signals technical analysis satup👇🏼
I think now (GBPJPY) ready for( SEEL )trade ( GBPJPY ) SEEL zone
( TRADE SATUP) 👇🏼
ENTRY POINT (193.350) to (192.250) 📊
FIRST TP (193.100)📊
2ND TARGET (192.800) 📊
LAST TARGET (192.500) 📊
STOP LOOS (193.700)❌
Tachincal analysis satup
Fallow risk management
GBPJPY Will Move Lower! Sell!
Take a look at our analysis for GBPJPY.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 193.249.
Taking into consideration the structure & trend analysis, I believe that the market will reach 191.112 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
GBPJPY at Key Resistance Level: Will it Drop To 192.000?OANDA:GBPJPY is currently trading at a key resistance zone, where sellers may regain control. This level has been a strong area of interest in the past, suggesting the potential for another bearish reaction if sellers step in.
If the price confirms rejection from this zone, a move lower toward 192.000 is likely. However, a strong breakout above could invalidate this setup, shifting momentum back to the bulls.
Traders should monitor for bearish confirmation signals, such as bearish engulfing candles, long upper wicks rejecting the resistance, or increased selling volume before considering short positions.
Let me know your thoughts or any additional insights you might have!