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British Pound / Japanese Yen

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GBPJPY trade ideas

Called this trade out in my tele onlyThesis: The trade was based on bullish price action as GJ traded into a significant 1-hour bullish order block (OB) around the 195.665 level. Price action created equal lows, signaling liquidity buildup, and formed a fair value gap (FVG) within the retracement to the 0.62 Fibonacci level, providing a high-probability setup for longs. Key Steps in Analysis: Retested the 1-hour bullish OB at 195.665. Observed a bullish CHOCH (Change of Character) on the 5M/15M chart, confirmed by a body candle close above. Retested the bullish CHOCH level, providing an optimal entry to capitalize on buys toward the 196.800 target level. Entry: Entered long within the FVG region, aligning with the 0.62 Fibonacci retracement level and the bullish CHOCH retest. Take Profits (TP): TP1: Set at the 0% Fib level. TP2: Positioned at the -50% Fib level for extended targets. Stop Loss (SL): Placed below the recent displacement low to ensure proper risk management and invalidate the trade if the structure failed. Outcome: The trade executed as planned. Price respected the bullish structure, completed the move toward 196.800, and achieved both TP1 and TP2. This validates the robust thesis and disciplined execution.
Long
by MotesTrades
GBPJPY Trendline Breakout , All eyes on BuyingHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
GBP/JPY Analysis on the 15-Minute ChartThis chart highlights a potential bullish setup on the GBP/JPY pair based on key FTR levels and market structure: Upper FTR Levels: The red shaded areas near the 197.00 level represent significant upper FTR zones, where the price previously failed to maintain upward movement, leading to reversals. These levels act as key resistance zones to watch. Lower FTR Levels: The blue shaded areas around 194.50 mark strong lower FTR zones, where prior price action reversed sharply upward, indicating key support areas. Trade Setup: A buy position is active with the entry near 195.733. The green zone represents the take-profit target, located near the upper FTR level around 197.00. The red zone shows the stop-loss, placed below the lower FTR level at 195.20 for risk management. Current Market Context: The price has rebounded from the lower FTR zone around 194.50 and is now consolidating above the entry point at 195.733. A continuation toward the upper FTR level is anticipated if bullish momentum persists.
by Mustafe9_Mohamed
GBPJPY Sellers In Panic! BUY! My dear subscribers, GBPJPY looks like it will make a good move, and here are the details: The market is trading on 195.83 pivot level. Bias - Bullish My Stop Loss - 194.63 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 197.81 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
UPDATE ON GBP/JPY TRADEGBP/JPY 4H - As you can see this pair has played out exactly the same, telling us that there is weakness across the board with the Japanese Yen. I am wanting to see this weakness come to an end. You can see the area we have marked out above, giving us an area we could look to take profit from. Once price trades in its important we look to take profit and prepare for the down move. This trade is currently running + 69 pips. (+ 2.8%) 2.8RR If price continues to trade through this area and absorb price then that would give me the impression that price may want to trade higher up and into the last buy to sell region above before moving lower. Its important we wait for all pieces of confirmation before we look to execute any trades we are wanting to place, giving us the highest probability of being successful.
Short
by Lukegforex
GBP/JPY Technical Analysis and Trading Plan for Next Week1. Elliott Wave Structure Overview: Wave Count: GBP/JPY is analyzed as being in the later stages of a larger impulse wave cycle. Specifically, it suggests that Wave 5 of the broader uptrend is nearing completion. Wave Labels: The internal structure of the ongoing corrective pattern is marked with sub-waves (i, ii, iii, iv, v). The chart highlights that GBP/JPY may be forming a corrective wave (1)-(2)-(3) sequence within Wave 5. 2. Fibonacci Projections and Key Levels: Extension Levels: Key Fibonacci extension levels such as 2.236 (213.660) and 2.618 (218.783) are used to project potential targets for Wave 3 and Wave 5. These levels signify areas where price momentum might decelerate or reverse. Retracement Levels: The retracements, particularly 0.618 (195.148) and 0.382 (202.215), indicate zones where pullbacks might find support, validating a potential Wave 4 correction before the final push in Wave 5. 3. Confluence Zones: Support and Resistance: Key zones like 208.117 (the most recent swing high) and 192.482 (an important invalidation level) are critical. Price action at these levels will provide insights into whether GBP/JPY will continue its upward trajectory or reverse course. Dealing Range and Volume Analysis: The upper resistance at 211.895 is marked as a dealing range, where volume divergence is noted, indicating a potential exhaustion point for Wave 5. 4. Harmonic Patterns: AB=CD Pattern: An ABC corrective structure within a potential bullish continuation is highlighted. The specific retracement levels of 0.786 and 1.272 are pivotal, suggesting where the current consolidation might terminate before a breakout to new highs. Complex Corrective Wave: The analysis suggests a possible shallow or sharp Wave 2 correction within the larger wave, implying a short-term retracement that aligns with harmonic and Fibonacci confluence. 5. Market Invalidation and Risk Management: Critical Invalidation Level: The chart denotes 192.482 as the key invalidation point for the current wave count. A decisive break below this level would invalidate the anticipated bullish wave structure and prompt reevaluation. Stop-Loss Placement: Traders may place stop-loss orders just below 192.482 to protect against downside risk, maintaining a risk-reward ratio aligned with potential targets at the 2.236 and 2.618 extensions. 6. Projected Scenarios: Bullish Scenario: If GBP/JPY holds above 195.148 and breaks past the 208.117 resistance, it could target the 2.618 extension (218.783) as the final phase of Wave 5. This move would align with an extended impulse wave, suggesting strong bullish momentum. Bearish Reversal: Failure to maintain support above the 0.618 retracement (195.148) or a break below the invalidation level (192.482) could signal a deeper corrective phase, potentially transitioning into a larger Wave A of an ABC correction. 7. Trading Plan for Next Week: Entry Strategy: Monitor the price action near the 0.272 (205.508) and 0.382 (202.215) retracement levels. If the price consolidates and shows bullish rejection at these levels, consider a long position with tight stops. Confirmation for Entry: Await a break and close above 208.117, supported by volume analysis and momentum indicators, to confirm the continuation of Wave 5. Profit Targets: Set initial take-profit levels at 213.660 (2.236 extension) and extend them to 218.783 (2.618 extension) for a larger move. Risk Management: Place stop-loss orders below the 192.482 invalidation point to minimize potential losses. 8. Additional Observations: Volume Divergence: The projected end of Wave 5 shows a volume divergence signal at 211.895, implying that momentum might taper off as it approaches this level. Wave Subdivision: The chart highlights minor sub-wave structures that need to form (e.g., sub-waves long 2 and short 4). A successful completion of these sub-waves adds confidence to the upward continuation scenario. Key Takeaways: Primary Outlook: Bullish continuation with close monitoring of retracement levels for potential entries. Risk Levels: Watch for breaks below 195.148 and 192.482 as critical bearish signals. Targets: Focus on 213.660 and 218.783 for Wave 5 completion, aligning with potential exhaustion and confluence zones.
Long
by spaceangel
GBPJPY TF TRADEPair: GBPJPY Trade Opportunity: Sell Type: Scalping The daily market trend is bearish because the market has broken below a support level from November 4 and another support level from October 31. After the breakout, both of these supports are now acting as resistances. Currently, the market is retesting the October 31 resistance level. On the 15-minute chart, a double-top trading pattern has formed, and its neckline has been broken to the downside. The market is now retesting the neckline of the pattern, where trades are being initiated. Entry 195.334 Sl 196.10 Tp 194.406
Short
by ArtOfTrading33
GBPJPY Is Very Bearish! Short! Please, check our technical outlook for GBPJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 194.706. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 190.431 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