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GBPJPY trade ideas

GBPJPY Ready to sellGBPJPY Sell Pattern, potential ABC pattern. Good Luck --- Forex Trading Disclaimer Based on Technical Analysis Forex trading is a high-risk activity that can result in substantial losses, even exceeding the amount of your initial investment. All information, strategies, and guidance provided here are intended for reference only and are based solely on technical analysis. We do not take into account fundamental analysis or external factors that may influence price movements. All trading decisions are the sole responsibility of each individual. We are not responsible for any profits or losses that may arise from your trading decisions. Please conduct your own analysis or consult with a professional before making any trading decisions. Remember, past performance does not guarantee future results. Warning: Leveraged Forex Trading Trading with leverage increases potential profits but also amplifies potential losses. Unexpected market movements may lead to losses greater than your invested capital. Therefore, you are advised to trade only with funds you can afford to lose in the forex market. Use of Information and Technical Signals We provide technical information and trading signals as additional guidance. However, we do not guarantee the accuracy or effectiveness of the signals provided, as the forex market is highly volatile and unpredictable. Use this information responsibly and verify it further as needed. ---
Short
by Forex_Int
GBPJPY remains in an uptrend above 196.63GBPJPY remains in an uptrend above 196.63, with the next resistance levels and potential targets for bullish traders at 197.96 (Thursday's high) and 198.43 (Monday's high). However, if the price falls below the trend-defining level at 196.63, a swift drop to the psychological level of 196 is likely. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Short
by ThinkMarkets
Bearish drop?GBP/JPY is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support which acts as a pullback support. Pivot: 198.26 1st Support: 196.76 1st Resistance: 196.61 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. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Don't miss the great SEE Opportunity in GBPJPYGBP/JPY pair on the 4-hour timeframe with a few important technical zones highlighted: 1. **Supply Zone (Red Zone at the top)**: This red box represents a supply zone where previous selling pressure occurred, causing the price to reverse downward. It is likely a resistance area where price may encounter sellers if it revisits. 2. **Demand Zone (Blue Zone at the bottom)**: The blue box at the bottom represents a demand zone where buying interest previously pushed the price higher. This is likely a support level where buyers might step in if the price retraces back to this area. 3. **Expected Price Movement (Black Zig-Zag Line)**: The zig-zag line indicates a potential short-term pullback within the current trend. It suggests that the price may initially move lower before reversing and moving up towards the green target zone. 4. **Entry and Target Levels (Green Zone)**: The green box represents a potential long trade setup. The entry zone appears to be around the lower limit of the green box, which is approximately 196.250, with a target level towards the top of the green zone near 198.850. 5. **Change of Character (CHoCH)**: The label "CHoCH" marks a potential reversal in trend, signaling that the downtrend could be ending, and an upward move might be likely if price reacts favorably in the demand zone. 6. **Break of Structure (BOS)**: The label "BOS" indicates that the price structure has shifted, which often implies a potential change in the trend or a breakout from previous price levels. ### Summary Based on this setup, the analysis suggests waiting for a pullback to the demand zone around 196.250, where a buy entry could be considered. The price target for this setup appears to be near 198.850, with a stop-loss likely below the demand zone to limit downside risk.
Long
by forexcitysignal
1
GBPJPY Possible Short Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - CSAK /Entry in MAHI Note: * Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
Short
by GreggiBond
Trade explanation and more downside expectedHi traders, welcome to this trade breakdown. Its situation has played out and I traded with decent gains. I'm still in the position and I expect more downside coming however my TP is in the 50% of the CLS range. The goal of this post is to show you briefly my unique method of reading the market by understanding CLS. Let's put it all together 🧩 Follow me I will be posting more educational posts like this one and don't hesitate to ask with any questions in the comment. 📍HTF Level - Weekly breaker / FVG 📍Range created, 2nd candle manipulated to the HTF level and closed inside the range. 📍The third weekly candle retested the 50% of the wick there I entered at 199.148 - the candle closed inside the range which is another confirmation. 📍4th week opened and retested the range with manipulation above the Asia session. At this moment, I took partial profit and SL is on the break even. 📍 HTF view What is CLS? You may never hear about them. Just find out about them on Google or their website. This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are simply market maker. I hope this educational post helps you at least briefly understand my method. Dave FX Hunter
Education
by Dave-Hunter
13
GBP/JPY: The Pound's Power PlayGBP/JPY is poised for a bullish move due to several key factors. First, the GBP is showing strength against the JPY, supported by recent positive economic data from the UK, including stronger-than-expected GDP growth and rising consumer confidence. Additionally, the Bank of England has indicated a more hawkish stance on interest rates, which is likely to continue supporting the Pound. In contrast, the Japanese Yen remains under pressure due to Japan's ongoing ultra-loose monetary policy, with the Bank of Japan maintaining low interest rates and a weak currency outlook. The price action on the 15-minute chart shows that GBP/JPY has recently bounced off a strong support level near 196.80, confirming the potential for a continued upward movement. A break above the recent consolidation range indicates a higher probability of the pair testing the next resistance zone around 199, making this a solid target for profit-taking. The entry level at 197.132 represents a strong point to take advantage of bullish momentum, with the stop loss set just below the key support at 196.800 to protect against potential downside risk. The take profit target of 199 is aligned with a reasonable risk-to-reward ratio, as this level represents the next major resistance point. Overall, the combination of favorable GBP fundamentals, weak JPY fundamentals, and a solid technical setup supports the view that GBP/JPY is likely to continue its bullish trajectory toward the 199 level, making this a promising trade opportunity with a manageable risk profile.
by Area618
GBPJPY long idea So looking to go long around 196.500 area, Caught some sells from the top trend line It’s been bouncing off it for a couple days now The bottom trend line is a daily one which it has respected a good few times now. So it’s looking like a falling wedge , which indicates it’s gonna go burst up and go long. I want it to take the weekly low from last week then it will be good time to go long just be patient 👌🏾 This isn’t a signal just my view on GJ and also using this for future references
Long
by TheRogueChef
3
GBPJPY $$$ as i expected from last day analysis market reached the low point that i specified and start to pump up now at this point in the area that i specified we can take short with LTF CONFIRMATION and maybe it is possible that the market will move towards high liquidity and after the confirmation that in the low time frame will fall down, in any case it is possible to fall but mates will gather that when liquidity is taken and market make a BOS then the market is bullish and we can go buy BE PATIENT .
Short
by aryaaparsii
GBPJPY TREND BASE TRADEExpecting a trend-following buy trade from the current price level. The overall market trend is bullish, with a recent breakout of resistance that led to a new high. Now, the market is retesting this former resistance on the daily chart, which we’re viewing as support. On the 1-hour chart, a double-bottom pattern has formed, and its neckline has broken. We’ll look to enter a trade on the retest. Entry 197.247 Sl 196.75 Target's 197.84 , 198.07 & 198.35
Long
by ArtOfTrading33