My second tradeNotice some roof key levels where price was not going so decided to continue with the market trend going down.
GBPJPY trade ideas
long GBPJPYAfter ascending triangle break out and establishing a gap in the early Monday session I prefer to long on this pair with a stop loss below the gap and target price at 208.146 at the previous high on July 2024 could the main profit target
GBP/JPY Extends Short-Term Downtrend as Selling Pressure IntensiThe Japanese yen continues to strengthen against the British pound, benefiting from its safe-haven appeal as trade tensions escalate. Increasing speculation over potential US trade tariffs on the UK and the European Union has heightened uncertainty, prompting investors to seek refuge in low-yielding, risk-averse assets such as the yen.
Technical Analysis
On the 1-hour chart, GBP/JPY remains firmly within a short-term downtrend, with sellers maintaining control as the pair approaches critical support at 190.601, the last recorded swing low.
A clear break below this level would reinforce the bearish outlook, opening the door for further downside targets at 190.337, 190.002, and 189.632. Technical indicators confirm the increasing selling pressure:
Bollinger Bands are trending downward, signaling strong bearish momentum.
RSI is in the oversold region, reflecting persistent selling pressure.
MACD remains firmly in negative territory, suggesting that downside momentum is accelerating.
The 100-period moving average is diverging lower, reinforcing the prevailing downtrend.
However, if buyers regain control, they must reclaim the 191.570 resistance level to challenge the upper boundary of the bearish structure. A break above this level would invalidate the current bearish scenario, potentially signaling a shift in momentum.
GBP/JPY long Currently approached a strong support and there is still a massive fvg gap to be filled so I am looking for long until the gap is closed.
Entry 190.7
Sl 190.5
TP 192
GBP/JPY: Bearish Setup to Expect Levels
From the recent price action on the GBP/JPY 1H chart, the pair has shown signs of exhaustion after a corrective pullback into key Fibonacci retracement levels. The latest upswing appears to have found resistance around the 0.786 Fibonacci level (near 191.60–192.00), which suggests limited upside momentum.
- Bearish Momentum: The RSI is rolling over from overbought conditions on lower time frames, hinting that sellers are stepping back in.
- Fibonacci Confluence: The identified Expect Level 1 (~190.29) and Expect Level 2 (~189.73) coincide with Fibonacci extension targets—an indication that these levels could see a reaction or bounce.
- Price Structure: The broader trend on the 1H chart remains to the downside, with lower highs forming since the pair topped earlier in the week. A retest of the 0.786 fib area has fueled sellers to push price lower again.
Expectation
- A potential breakdown toward 190.29 (Expect Level 1) is likely if the current corrective bounce fails below 192.00.
- Further bearish follow-through could drive price down to 189.73 (Expect Level 2), aligning with Fibonacci extensions and support levels.
GBPJPY BUY!!!!GJ sentimental is bullish today, and early morning, it price dropped from 192.24 to 190.91 and let a big gap which has to be filled Now, let's take a long position
We first aim for 1:1 the 1:2 after securing some profits
Possibility of uptrend After some fluctuation and correction, a reversal is expected to form and the beginning of a downtrend is formed. If the price crosses the previous ceiling range, the above scenario will be invalid.
GBPJPY SELLER SIGNAL1.4h
2.downtrend
3.resist /
4.bearish expending triangle/
5.rsi40/sto34/vol bearish but buye around the level trying to push up
6.
7fibexp blue zone
8. fibretrace left red zone
9.
10
11
12. bearish divergence
13.bearish engulfing/tweezer top/bearish harami
14bos bearish
1.2h
2. bearish
3.resist
4.bearish pannent bos/
5rsi34/sto10/vol bearish signs
6
7fibextdone
8fibretrace done
9
10
11
12bearish divergence
13tweezer top/bearish engulfing/shooting star/
14descending triangle
1.1h
2.dwn
3.resist
4.headand shoulder bos/new down trend forms/bearish exp triangle/bearish pannent
5.rsi35/sto4/volposible reversal ,but stil bearish
6.
7.fibextdone
8.fibretrdone
9.
10
11
12exp triangle
13
We wait the upward reversal and sell at the resistance zone
Buyers are in the market but we exp more sellers at new or on Tuesday
Gbpjpy1-hour timeframe:
1. Key Levels:
• Resistance: 192.566 and 192.322 are acting as major resistance zones, where price has struggled to break through.
• Support: Around 190.818 and 191.172, these are acting as support levels after the recent rejection.
2. Price Action:
• The market shows significant volatility, with a sharp rejection from lower levels around 190.560 and a move back above support at 190.818.
• This bounce suggests buyers are stepping in around this key support area.
3. Indicators (MACD):
• The MACD line is below the signal line and the histogram shows decreasing bearish momentum, suggesting a potential reversal or consolidation phase.
5-minute timeframe:
1. Key Levels:
• The intraday resistance remains at 192.322, with price consolidating below this level.
• Short-term support is forming near 191.598 and 191.172.
2. Price Action:
• There’s a slight recovery from the 190.818 level, and the price is trying to hold above it.
• Sellers are defending 192.322, indicating this is a strong intraday supply zone.
3. Indicators (MACD):
• The MACD shows early signs of bullish momentum, with the MACD line crossing above the signal line, indicating a short-term bullish bias.
Combined Outlook:
1. Short-term Bias:
• Watch for price action near 192.322. A clear break and retest of this level could indicate further bullish momentum towards 192.566 and beyond.
• If the price fails to hold 191.598 or 191.172, a retest of the 190.818 level could occur.
2. Medium-term Bias:
• On the 1-hour chart, the bounce from 190.818 could lead to a retracement toward the 192.322–192.566 resistance zone. However, if the price fails to break above these levels, bearish momentum could resume.
3. Trading Opportunities:
• Look for long opportunities if price holds above 191.598 and breaks above 192.322 with confirmation.
• Consider short positions if price rejects 192.322 again and breaks below 191.172.
Quick Setup On GBPJPYGBPJPY
👉 | BUY LIMIT @ 189.821
🏁 | TP: 192.107
🚫 | SL: 189.061
🥷 | RRR: 1:3
Note: Use Proper Risk Management btw 0.5% - 1%.
GBPJPY is ready to push againNo comment needed. All information is in the chart analysis.
Steps to follow:
Analyze yourself.
Take the position with SL and Take Profits.
Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :)
Get the result.
I will update the trade every day.
Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger!
Good trades, Traders!
The golden bear
Bullish bounce?GBP/JPY is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance.
Pivot: 189.28
1st Support: 184.60
1st Resistance: 194.65
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GBPJPY SHORT PREDICTION As we can see price is in a downtrend, heading towards the supply zone in 1D and as we can see in the 1hour TF , I expect price to fill Imbalance and go short. When price gets to our POI, we look for choch and go short.
gbpjpy buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPJPY 1st week of Feb expectation
I am expecting price to retrace lower to the demand zone market out and to take IRL from the lows just above. price is in discount zone so i think it is highly probable that price should react bullish off of that demand zone and we should be going up for the rest of the week.
GBPJPYThe GBP/JPY chart shows a descending trendline broken near a support zone, indicating a potential bullish reversal. The green circle highlights the breakout, with price targeting the blue shaded area above.
GBPJPY - Change of CharacterHello Traders !
The GBPJPY failed to create a new higher high !
The price broke the last higher low (change of character).
So, I expect a bearish move📉
_____________
TARGET: 190.820🎯
GBP/JPY Awaits Catalyst for Next Bullish ImpulseThe GBP/JPY currency pair is currently fluctuating within a defined range, and we anticipate a continuation of the bullish momentum following a rebound from the demand zone near the 190.000 level. The Commitment of Traders (COT) report indicates that retail traders are positioned on the short side, creating a contrarian buying opportunity. As we plan our buy limit orders, we are utilizing Fibonacci retracement levels to identify potential entry points. We believe that the price may revisit the 192.000 area, setting the stage for a new bullish impulse.
Historical analysis suggests that the GBP/JPY has been trending upwards, driven by a strong British pound and a relatively weak Japanese yen. The pair has faced periods of congestion, particularly in the 190.000 – 192.000 zone, where it has been bouncing back and forth. However, with retail traders short, the market dynamics could shift in favor of buyers.
In conclusion, the GBP/JPY is poised for a potential breakout, and we believe that a continuation of the bullish momentum is likely. As retail traders are positioned on the short side, we see this as a favorable buying opportunity. Our analysis suggests that the price may revisit the 192.000 area, setting the stage for a new bullish impulse.
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gbpjpy shortsellers are strong and will move the pair downward, shorted and will keep down to the support
GBPJPY SELL!!!!GJ sentimental is bearish today, and early morning it just grabbed liquidity of the Asian session high. Now, let take a short position
We first aim for 1:1 the 1:2 after securing some profits
#002 GBPJPY Obvious Range Feb 2025 Begins!Shorting. Taking a quick move.
Thing is, don't overtrade. It's like food delivery, once you earn already there's no way you wanna give it back right?
Smirk and go home.
Don't be greedy. Today do too much later tomorrow tired or overworked and then tomorrow never go.
1723SGT 31012025
1R SL to 0.28R TP
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.
#pullback move So as you can see am expecting a pullback till fvg which sweep the liq created new low so this pull back setup over all main trend is 🐻 untill it break high
Its just the analysis not any buy sell recommendations
Don't trust me trust the GOD ☝️
