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GBPJPY trade ideas

BEARISH GBPJPYThe GBP/JPY pair is currently exhibiting a bearish outlook as sellers seem to gain momentum, capitalizing on recent market dynamics. Here's a comprehensive breakdown of the pair's bearish sentiment based on current trading conditions. 1. Technical Analysis Trend & Price Action The pair has been trading within a descending channel, signaling a continuation of bearish momentum. Recent price action shows multiple failed attempts to break above key resistance zones, reinforcing the dominance of sellers. GBP/JPY is currently flirting with key support levels, and a decisive break below could trigger further downside. 2. Fundamental Drivers Pound Weakness: Recent UK economic data has been underwhelming, including weak growth figures and declining retail sales. This has weighed heavily on the pound, reducing its appeal. The Bank of England’s dovish tone regarding future rate hikes amid signs of an economic slowdown adds further bearish pressure on GBP. Yen Strength: While the Bank of Japan (BoJ) remains accommodative, recent interventions and speculation of further action to strengthen the yen have bolstered the currency. Geopolitical uncertainties and global risk-off sentiment have increased demand for the yen as a safe-haven asset.
Short
by AndyFrenzy
GBPJPY Will Go Up From Support! Long! Please, check our technical outlook for GBPJPY. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 194.719. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 196.745 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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBPJPY Analysis - SellGBPJPY Analysis Overview 1. Seasonality: GBP: Bearish — Historical data for this time period shows GBP typically weakens. JPY: Bullish — Seasonal trends favor JPY strength, aligning with a sell bias for GBPJPY. --- 2. COT Report (Commitment of Traders): GBP: 4-week flip indicates a Sell bias. JPY: 4-week flip indicates a Buy bias. Non-commercial long positions are increasing, indicating strong demand for JPY. --- 3. Fundamental Analysis: LEI (Leading Economic Indicator): GBP: Decreasing — Suggests economic slowdown and bearish momentum for GBP. JPY: Range — Neutral economic outlook, but overall supportive of its safe-haven appeal. Endogenous Factors: GBP: Decreasing — Internal economic conditions are weakening, favoring a sell bias. JPY: Increasing — Positive domestic factors support JPY strength. --- 4. Exogenous Factors: GBPJPY: Classified as a Strong Sell due to broader external influences such as global risk aversion and JPY's safe-haven demand. --- 5. Technical Analysis: On the 4-hour chart: There is a visible order block and a fair value gap (FVG) in the price structure. The price has retraced to 50% of the order block, presenting a favorable opportunity to enter a short position. Confluence from bearish market structure and resistance zone further validates the sell setup. --- Bias: Strong Sell Based on seasonality, COT data, fundamentals, exogenous influences, and technical analysis, GBPJPY is poised for a significant downside move. Look for selling opportunities at or near the current resistance levels within the order block.
Short
by asadamalik
4
GBPJPY // countertrend breakThere is a valid bull trend on the monthly and below. The trigger level is the daily breakdown, which is in line with the break of the countertrend line. If it's taken back by the buyers, the market enters in the daily long expansion phase, and the daily target fibo 138.2 in line with the next daily breakdown is my target zone. ——— We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds. Stay grounded, stay present. 🏄🏼‍♂️ Your comments and support are appreciated! 👊🏼
Long
by TheMarketFlow
GBP/JPY "The Guppy" Forex Market Heist Plan on Bullish SideHi there! Dear Money Makers & Robbers, 🤑 💰 Based on Thief Trading style technical analysis, here is our master plan to heist the GBP/JPY "The Guppy" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. So Be Careful, wealthy and safe trade. Entry 📈: Acceptable anywhere; I advise placing buy limit orders within a 15-minute Chart. The entry for the Recent/Nearest Low Point should be in pullback. Stop Loss 🛑: Using the 2H period, the recent / nearest low level. Goal 🎯: 198.500 Scalpers, take note: only scalp on the long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Warning : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release. Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style. I'll see you soon with another heist plan, so stay tuned 🫂
Long
by Thief_Trader
3
Wajani InvestmentsGBPJPY 12/24/2024 Bulls are currently in control as seen from the LH (0-2). Bulls still in control after the retracement following the long move from 1 to 2. If structure 3 (support becomes resistance) is broken to the downside, this trade is nulled. However, strong bullish presence is shown with the large bullish rejection candle. Remember, the market is patience and good risk management. Always create rules to avoid emotional trading. Let me know your thoughts and this is for educational purposes ONLY.
Long
by racyrace
GBP JPY TECHNICAL ANALYSIS Hello Traders and investor 👋 What do you think about GBPJPY kindly share your Opinion in the comment section, Current price: 196,000 After hitting all time high a strong bearish pullback Is possible, market will retace Back upto 178,000 Then it will use this Position as a support zone to go further High, currently market's target is: 178,000 Wich is our demand zone. Key points: Demand zone; 178,000 Retracement area; 204,000, 207,000 Kindly support like comment ❤️ follow
Short
by Roberthook
Monthly CLS, FVG in FIB zone, Model 2 entryMonthly CLS, FVG in FIB zone, Model 2 entry you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Short
by Dave-Hunter
GBPJPY BULLISH Play for the WeekGJ has been on a Monthly Bullish Run in my eyes, so with that in mind looking into this weeks play I expect a break to the upside into Bullish Territory once my Yellow 4hr/Daily Trendline has been broken. Before that I expect a bearish start to the week bringing price down to our Buy Limit ultimately propelling us to the upside. Once 194.500 has been broken I expect a BULLISH Rally, will set trades to BREAK EVEN at this stage of the trade. TP 1 & 2 have a potential to get hit this week (keep in mind a retracement is possible at the TP1 area) TP 3 will probably have to wait till next week but let’s get through this week 1st and see if the markets are on our side..!
Long
by jcatchinpips
GBP/JPY H4 | Potential bullish bounceGBP/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 194.63 which is a pullback support. Stop loss is at 192.70 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level. Take profit is at 197.35 which is a swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM