GBP JPY short 30M risky!I hope it was just a LQ grab before a strong sell. if resistance at 190.5 will break it might indicate reversal of the market. Good luck!
Entry 190.35
SL 190.6
TP 188.8
GBPJPY trade ideas
GBPJPYGBP/JPY Trade Alert:
Current market observation on the 4-hour timeframe shows GBP/JPY experiencing a bearish trend continuation pattern. Potential sell zone activated.
Signal Details:
Entry: Sell around 190.800
Take Profit (TP): Open, targeting key support levels
Stop Loss (SL): 192.005
Note: Use secure trade rules—set break-even after 35+ pips profit for risk management. Monitor closely for volatility. Always trade responsibly!"
GBPJPY NEXT WEEKThe only thing we can be almost sure of for now ;
some zigzag, with a rising RSI and a growing divergence meaning the coming fall.
It could go a little higher before falling, but it is to fall at some point.
GBPJPY at a Crossroads: The Setup You Can’t Afford to MissWhat’s up, traders! We’re back with an update on GBPJPY as of January 17, 2025. The pound-yen pair continues to keep us on our toes with its range-bound behavior, but we’re breaking down exactly where we believe the market is headed next.
In this video, we’re dissecting the levels that are holding strong, the possible upside plays, and the crucial areas where liquidity is likely sitting. From analyzing key weekly and daily levels to pinpointing potential entries on the H1 and H4 timeframes, we’re laying it all out for you.
We’ll also review the positions we closed earlier for a combined 2:1 risk-to-reward win and how the market dynamics shifted to create new opportunities. With the weekly candle close approaching, are we setting up for the next big move? Watch the breakdown to find out.
If you’re serious about staying ahead in the markets, this is a must-watch. Don’t forget to like, share, and drop a comment below with your questions or pairs you’d like to see analyzed next. Let’s keep winning together!
GBP JPY short on 30MSame situation as on Wednesday. Fall after news got "canceled out" and now there is new opportunity for greater short. It is likely to fall from either 190.1 resistance or 190.5 resistance and fall until 188.8 where 4H support is located.
SL at 190.6 because if it breaks 190.5 we might see a reversal or fall from 191.4 (another strong support)
USD/JPY Short Scalp-USD/JPY has been pulling back for the past 12H, it is currently trading below a Trading Range and could evolve into a bear flag. Bulls do not show significant buying. FX:USDJPY
There is an extending triangle and an inside triangle forming, and could be sign of bears stepping in.
Target is 155.00, might not get it today but trade may evolve over next week depending on volatility.
Careful short, evolving
GBP/JPY - reverse for test of EMA on 4H? Play for tmr or Monday- Wedge bottom could be playing out on the GBP/JPY on the 30 Min (also visible on 15 min):
- Downtrend is weakening as seen on the 2h chart, bulls are able to make money as well as pullbacks are becoming more significant. There is a slight overextension of the 20EMA on the Daily timeframe and shows the downtrend is becoming slightly climatic. RSI is starting to show divergence on the 15 and 30 min timeframes (although weak signals in my opinion, be really careful with such signals following aggressive downtrends. It shows that selling pressure is weakening but does not mean buyers will be the next ones to step in.)
- If wedge bottom is completed, a reversal with clear consecutive bull bars on the 5 and 15 min timeframe could open the door for a scalp at worse or a quick swing until the 4h 20 EMA (around 191.500 at time of writing).
Most importantly, this is a low probability trade, we are entering longs after two aggressive tight bear legs. Manage your risk efficiently and scale up if you do not see clear entry points. C+ setup at best.
Peace
If double/triple bottom hold, long GBP/JPY (ambitious target)I've already gone long as you can see from the chart, as I was hopeful the double/triple bottom would hold. Possible target is a little under the 50% retracement of the previous large down move (193.4 ish), or one could try the 38.2% retracement (around 193.0). Stop loss could either be low to protect from volatility and in case of breaking bottom first before retracement (below 188) or tight below the bottom line after asian market opens and spread is less.
Trading minute impulseOn the minute timeframe of GBPJPY at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
GBPJPY - January Swing Trade GBPJPY coming back to the demand zone on the 4H. Got a limit order set at 50% of the demand zone with a 30 pip SL below the zone. Looking to target 199.000.
GBPJPY is running near OB, SELL Zone strong (read captions)📉 GBPJPY Price Forecast 📉
GBPJPY is currently in a selling trend, consolidating at the bottom of the zone after a retracement to the order block at 190.05. Another key order block is present at 192.90, creating a consolidation range between these levels.
The pair is trading below both the 200 EMA and 50 EMA, confirming a strong selling zone. With increasing bearish volume, sellers are dominating, signaling further downside potential.
🎯 Technical Target Levels:
- 188.55
- 186.60
📌 Key Highlights:
- Consolidation between 190.05 and 192.90 confirms resistance zones.
- Trading below 200 EMA and 50 EMA, indicating bearish momentum.
- Increased selling volume reinforces the downtrend.
- Strong continuation expected towards lower target levels.
✅ Get Ready for the Move!
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GBP/JPY Potential Reversal:Smart Money Concepts and Elliott WaveOANDA:GBPJPY Potential Reversal: Smart Money Concepts and Elliott Wave Analysis
Analysis:
The chart displays the GBP/JPY currency pair on a 4-hour timeframe, with various technical indicators and annotations. The price is currently at 190.118, showing a slight increase of 0.248 (+0.13%). The chart includes several key elements:
Price Action and Trend Lines:
The price has been moving within a descending channel, indicated by the parallel blue dashed lines.
There is a significant support level around 188.088 and resistance around 194.197.
Smart Money Concepts (SMC):
Multiple Break of Structure (BOS) points are marked, indicating shifts in market structure.
Change of Character (ChoCh) points are also noted, suggesting potential reversals.
A significant BOS is observed around the 190.118 level, indicating a potential bullish reversal.
Elliott Wave Analysis:
The chart shows potential wave counts, suggesting the completion of a corrective wave and the beginning of a new impulsive wave.
Fibonacci retracement levels are drawn, with key levels at 0.382 (190.92), 0.618 (192.29), and 0.786 (193.30).
Volume Profile:
The volume profile on the right side of the chart shows high trading activity around the 194.197 level, indicating strong resistance.
Buy Strategy:
Entry: 190.50 (above the current price to confirm the breakout)
Take Profit 1 (TP1): 192.29 (0.618 Fibonacci level) - 179 pips
Take Profit 2 (TP2): 194.197 (resistance level) - 370 pips
Stop Loss (SL): 189.00 (below the recent low) - 150 pips
Sell Strategy:
Entry: 189.00 (below the current support level)
Take Profit 1 (TP1): 188.088 (support level) - 91 pips
Take Profit 2 (TP2): 183.721 (lower support level) - 528 pips
Stop Loss (SL): 190.50 (above the recent high) - 150 pips
VIP Signal:
Buy: 190.50
TP1: 192.29 (179 pips)
TP2: 194.197 (370 pips)
SL: 189.00 (150 pips)
Sell: 189.00
TP1: 188.088 (91 pips)
TP2: 183.721 (528 pips)
SL: 190.50 (150 pips)
This analysis leverages various trading strategies, including Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave, to formulate detailed buy and sell strategies. The identified key levels offer optimal entry and exit points, ensuring a balanced risk-reward ratio for traders.
GBP/JPY LONG FROM SUPPORT
Hello, Friends!
GBP/JPY pair is in the downtrend because previous week’s candle is red, while the price is obviously falling on the 1D timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 194.042 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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GBPJPY
GBP/JPY Trading Signal: SELL
Entry Point: 190.10
Take Profit Targets:
1. 189.50
2. 189.00
3. 188.50
Stop Loss Point: 191.50
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Essential Trading Principles:
1. Commit to Learning: Continuously educate yourself to refine strategies and stay ahead in the market.
2. Risk Management: Never invest more than you can comfortably afford to lose.
3. Utilize Stop-Loss Orders: Protect your capital by setting a clear stop-loss point to minimize potential losses.
4. Diversify Your Portfolio: Reduce risk exposure by spreading investments across various assets or trades.
5. Set Profit Goals: Clearly define your take-profit levels and stick to them for consistent returns.
6. Analyze the Market: Regularly assess market trends, price movements, and economic factors influencing GBP/JPY.
7. Review Trade Performance: Evaluate past trades to identify patterns and improve your approach.
8. Stay Disciplined: Avoid emotional decisions by adhering to your trading plan.
9. Focus on Risk-Reward Ratios: Ensure the potential profit justifies the risk in every trade.
10. Exercise Patience: Trust your analysis and allow your trades to play out without unnecessary adjustments.
Trading involves risk. Always make decisions based on careful research and sound judgment.
GBPJPY price prediction I see this market going up to Daily buyside LQ to take it after it being bearish and selling into daily sellside LQ
Double Top Elliot Wave formation. Look at that nice double top. Looking for this to fill out that 5th waves down.
GBP/JPY short term longNot looks like it has enough power to break current support at 189.8. There is FVG at 191 which might be targeted by big players before breaking current support.
Enter-189.9
SL-189.6
TP-191.0
GBPJPY short term LONGGBPJPY is sitting in a bearish trend but due some sort of correction before continuation to the downside could be upon us.
A buy at this level or just below with a target of 196 would be my trade. This is solely a correction move with further downside movement predicted long term as the DOL is sell-side liquidity at much lower levels.
196 confluence area has a 4H FVG to fill and 0.618 fib level. GBPJPY does move in larger extremes so i wouldn't be surprised if we even hit 197 before the shuffle.
News this week for GBP - inflation data Y/Y and GDP.
The events for the week might correlate to a buy the rumor sell the news sort of move.
DXY is still bullish and has room to continue its move higher, JPY and DXY normally move inverse of each other, so these levels will also need to be watched.
Please do your own research before taking any trades. Your thoughts are welcome.
GBP-JPY Support Ahead! Buy!
Hello,Traders!
GBP-JPY keeps falling down
And the pair is locally oversold
So after the price hits the
Horizontal support level
Of 188.135 we will be
Expecting a local
Bullish correction
Towards the target of 191.500
Buy!
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