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GBPJPY trade ideas

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. @fxopen
Short
by syomking76418
GBPJPY Sell Setup – Bears Eyeing Exhaustion?Looking to sell around 192 if price rallies to that level. 🔍 Why I’m Watching This Trade: ✅ The primary trend remains bearish. ✅ The rally on the daily chart looks near exhaustion. ✅ Better risk/reward if we sell into rallies rather than at current levels. ⚡ Levels to Watch: 🔹 Resistance: 192 (Bespoke resistance) 🔹 Target 190.97 If sellers step in at 192, we could see a push down to 190.97 Let’s see how this plays out! 🚀
Short
by Eleazarahmath
1
GBPJPY is Holding above the Support , 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
2
GBPJPY Trade Ideahe GBP/JPY pared some of its gains after a massive jump yesterday. It hit an intraday high of 191.98 and is currently trading around 189.52. Intraday trend is bearish as long as resistance resistance 192 holds. The UK Manufacturing PMI in February 2025 was 46.9, improved from the flash reading of 46.4, but still showing a sharp contraction in the sector, the biggest since December 2023. Output has fallen for four months running, coupled with steep falls in employment and backlogs. Rising energy and raw materials prices have driven input cost inflation upwards, which has led to the largest factory gate price increase since April 2023. The sub-50 PMI reading reflects bearish implications for the Pound Sterling technical Analysis Points to Further Downside The GBP/JPY pair is trading below 34 and 55 EMA (Short-term) and 200 EMA (long-term on the 4-hour chart, confirming a bearish trend. Immediate resistance is at 190.35, a breach above this level targets of 190.64/191/192. Any close above 192 in the 4-hour chart confirms further bullishness. Downside support is at 188 with additional levels at 187.65/187.25/186/185. Market Indicators CCI (50)- Neutral Directional movement index - Neutral. It is recommended to sell on rallies around 190 with a stop-loss at 192 for a TP of 185.
Short
by adiechiii
GBP/JPY e Analysis & Probability Estimation March 4 2025Key Observations Across Timeframes: 1. Market Structure & Trend Analysis: Short-term (M15, M30): Price is consolidating near 189.200, testing the previous daily low (PDL) for liquidity. A Break of Structure (BOS) occurred, signaling short-term bearish control. The price is hovering at a key demand zone (PWL - 188.500/187.800). If price breaks below 188.800, further downside is likely. Mid-term (H1, H4): The price rejected equilibrium (~189.800 - 190.000), showing weakness. A Change of Character (ChOCH) to the downside suggests a bearish trend continuation. Liquidity below PWL (187.800) could be a target before a potential bounce. Long-term (D1): The price is in a larger downtrend, failing to break above premium zones (~190.500 - 192.000). Liquidity below PWL (~188.000 - 187.500) is uncollected, making it a likely target. The next major support lies in the discount zone (~185.500 - 186.500). 2. Key Liquidity Zones & Supply/Demand Areas: Premium Zone (~190.500 - 192.000): Major resistance; rejection happened here. Equilibrium (~189.800 - 190.000): Price failed to hold above, signaling weakness. Discount Zone (~187.500 - 186.500): Next strong demand area if price continues lower. Previous Daily Low (PDL - 188.800): Price is testing this level for liquidity; a break here could lead to further downside. Previous Weekly Low (PWL - 187.500): Untapped liquidity below, making it a strong target for price movement. Probability-Based Scenarios: 1. Bearish Continuation to 187.800 - 186.500 (Break Below PDL & PWL) Probability: 65% Reasons: Failure to hold above equilibrium (189.800). Bearish BOS & ChOCH confirmations on H1/H4 suggest a move down. Liquidity below 188.000 (PWL) remains uncollected. Strong daily downtrend supports further downside. Bearish Confirmation: If price breaks and holds below 188.800, expect a move toward 187.500 - 186.500. 2. Bullish Reversal from Discount Zone (Bounce from 188.500 - 187.500) Probability: 35% Reasons: Potential liquidity grab at PWL (188.000 - 187.500) before reversing. Demand zone at 187.500 - 186.500 could cause a bullish reaction. If price holds above 188.800, we may see a bounce to 189.800 - 190.000. Bullish Confirmation: If price fails to break below 188.500, a push back toward equilibrium (189.800) is possible. Final Thoughts & Trade Plan: Bearish bias (65% probability) for continuation toward 187.800 - 186.500. Key Confirmation Levels: Below 188.800: Bearish toward 187.500 - 186.500. Above 189.200: Potential bullish recovery toward 189.800 - 190.000. Trade Setup Overview: Bias: Bearish (65% probability) Entry Type: Breakout & Retest 📉 Sell (Short) Trade Setup: 🔴 Entry: Below 188.800 (Confirmed BOS) 🎯 Take Profit (TP) Targets: TP1: 188.200 (PWL - Previous Weekly Low) TP2: 187.800 (Liquidity sweep level) TP3: 186.500 (Major discount zone) 🛑 Stop Loss (SL): 189.400 (Above minor liquidity) 📊 Risk-to-Reward (R:R): TP1: ~1:2 TP2: ~1:3 TP3: ~1:5 🔹 Confirmation Needed: Strong candle close below 188.800 (Break & retest scenario) No immediate bullish rejection at 188.500 📈 Buy (Long) Trade Setup (Lower Probability - 35%) 🟢 Entry: Above 189.200 (Bullish rejection & BOS) 🎯 Take Profit (TP) Targets: TP1: 189.800 (Equilibrium zone) TP2: 190.500 (Supply zone) TP3: 191.500 (Major resistance) 🛑 Stop Loss (SL): 188.700 (Below structure low) 📊 Risk-to-Reward (R:R): TP1: ~1:2 TP2: ~1:3 TP3: ~1:5 🔹 Confirmation Needed: Price needs to hold above 189.200 with strong bullish momentum. No immediate rejection from equilibrium (189.800). 🛠️ Execution Tips: 🔄 Wait for a clear breakout & retest before entering. ⚖️ Adjust lot size based on risk tolerance (~1-2% per trade). 🕰️ Monitor price action on the lower timeframes (M15/M30) for entry precision.
Short
by wizzywise1
GBP/USD NEW IDEA 1HOUR CHART TECHNICAL ANALYSIS.This chart represents a technical analysis of the GBP/JPY (British Pound / Japanese Yen) pair on the 1-hour timeframe. It highlights support and resistance levels, key price movements, and potential future direction. Key Observations: 1. Support Level (Yellow Zone - ~189.000) This area has acted as a strong demand zone where price has bounced multiple times. If the price reaches this zone again and holds, a bullish bounce is possible. 2. Resistance Level (Red Zone - ~192.000) This area has acted as a strong supply zone where sellers have stepped in. Price reached this level, got rejected (highlighted with an orange circle), and started dropping. If price moves up again and reaches this zone, another rejection or breakout might occur. 3. Current Price Action (~189.789) The price is between support and resistance, consolidating around 189.800. The blue arrow projections suggest two possibilities: A bullish move if price holds above support. A breakout towards resistance if momentum increases. Trading Plan: Buy (Long) Setup: If price tests the support zone (189.000) and shows bullish confirmation, it can be a good buying opportunity towards 192.000. Sell (Short) Setup: If price reaches the resistance zone (192.000) and gets rejected again, a sell trade could be considered. Breakout Trade: If price breaks above 192.000, it could continue higher. If it breaks below 189.000, further downside is expected. This chart provides a clear roadmap for potential trades based on support and resistance. Let me know if you need a more detailed breakdown!
Long
by Davidhills_110
GBP/JPY "The Beast" Forex Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Thieves, 🤑 💰🐱‍👤🐱‍🏍 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the ˗ˏˋ ★ ˎˊ˗GBP/JPY "The Beast" ˗ˏˋ ★ ˎˊ˗ Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish thieves are getting stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The heist is on! Wait for the breakout (187.700) then make your move - Bearish profits await!" however I advise placing Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Thief SL placed at (190.500) swing Trade Basis Using the 3H period, the recent / swing high or low level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 185.000 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Short 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 💰. 📰🗞️Fundamental, Macro, COT Report, Sentimental Outlook: GBP/JPY "The Beast" Forex Market is currently experiencing a Bearish trend in short term, driven by several key factors. ˗ˏˋ ★ ˎˊ˗Fundamental Analysis˗ˏˋ ★ ˎˊ˗ Interest Rates: BoE at 4-4.5% (easing cycle), BoJ at 0.25-0.5%—yield gap narrows, mildly bearish for GBP/JPY. Inflation: UK at 2.5-3% (cooling), Japan at 2.5% (persistent)—neutral, balances GBP vs. JPY strength. Growth: UK GDP ~1-1.5%, Japan ~1%—both modest, neutral impact. Trade: UK exports lag, Japan benefits from U.S. tariff shifts—bullish for JPY, bearish for GBP/JPY. Risk Sentiment: Safe-haven JPY gains in risk-off—bearish pressure. ˗ˏˋ ★ ˎˊ˗Macroeconomic Factors˗ˏˋ ★ ˎˊ˗ U.S.: Fed at 3-3.5%, PCE 2.6%—USD softness aids GBP/JPY—bullish (Eurostat/U.S. data). Eurozone: PMI 46.2—stagnation weakens EUR, indirectly supports GBP—bullish (Eurostat). Global: China 4.5%, Japan 1%—slow growth, JPY safe-haven appeal—bearish (ECB forecasts). Commodities: Oil $70.44—stable, neutral for GBP/JPY (global data). Trump Policies: Tariffs shift trade to Japan—JPY strength, bearish for GBP/JPY. ˗ˏˋ ★ ˎˊ˗Global Market Analysis˗ˏˋ ★ ˎˊ˗ Forex Markets: GBP/USD at 1.2650, USD/JPY at 150.00—GBP resilience vs. JPY strength—mixed. Equity Markets: FTSE 100 stable, Nikkei range-bound—neutral correlation. Crypto/Commodities: Gold at $2,930—risk-off supports JPY—bearish. ˗ˏˋ ★ ˎˊ˗Commitments of Traders (COT) Data˗ˏˋ ★ ˎˊ˗ Speculators: Net short JPY ~140,000 contracts (down from 150,000)—fading bearishness, mildly bullish JPY. Hedgers: Net long JPY ~90,000—exporters expect JPY strength, bearish for GBP/JPY. Open Interest: ~280,000 contracts—steady interest, neutral. ˗ˏˋ ★ ˎˊ˗Market Sentiment Analysis˗ˏˋ ★ ˎˊ˗ Retail: 65% short GBP/JPY at 189.50 (global X posts)—contrarian upside—bullish potential. Institutional: Cautious, favoring JPY in risk-off—bearish outlook. Corporate: UK/Japan firms hedge at 190-192—neutral. Social Media Trends: Bearish setups to 185.00—short-term bearish sentiment. ˗ˏˋ ★ ˎˊ˗Positioning Analysis˗ˏˋ ★ ˎˊ˗ Speculative: Longs target 192.00-194.00, shorts aim for 188.00-185.00. Retail: Shorts at 190.00-191.00—squeeze risk if price rises. Institutional: Leaning short GBP/JPY, eyeing JPY strength. ˗ˏˋ ★ ˎˊ˗Quantitative Analysis˗ˏˋ ★ ˎˊ˗ SMAs: 50-day ~194.00, 200-day ~193.00—price below both, bearish signal. RSI: 45 (daily)—neutral, fading bearish momentum. Bollinger: 188.50-190.50—price near lower band, potential bounce. Fibonacci: 38.2% from 198.94-189.31 at 190.50—resistance above. Volatility: 1-month IV 10%—±1.80 daily range. ˗ˏˋ ★ ˎˊ˗Intermarket Analysis˗ˏˋ ★ ˎˊ˗ GBP/USD: 1.2650—GBP holds vs. USD, bullish for GBP/JPY. USD/JPY: 150.00—JPY weakens vs. USD, bullish for GBP/JPY. XAU/USD: $2,930—gold rise, JPY safe-haven—bearish. FTSE 100: Stable—neutral. Bonds: UK 10-year 4%, Japan 0.9%—yield gap narrows, bearish. ˗ˏˋ ★ ˎˊ˗News and Events Analysis˗ˏˋ ★ ˎˊ˗ Recent: Trump tariff threats (25% Mexico/Canada, 10% China, Feb 25)—risk-off lifts JPY—bearish. Upcoming: U.S. PCE today (Feb 28)—hot data strengthens USD, pressures GBP/JPY; soft data boosts risk-on, supports GBP—mixed impact. Impact: Bearish bias today, PCE reaction pivotal. ˗ˏˋ ★ ˎˊ˗Next Trend Move˗ˏˋ ★ ˎˊ˗ Technical: Support: 188.50-188.00 Resistance: 190.50-192.00 Below 188.50 targets 185.00; above 190.50 aims for 194.00. Short-Term (1-2 Days): Dip to 188.00 if PCE lifts USD; rebound to 190.50 if risk-on prevails. Medium-Term (1-3 Months): Range 185.00-195.00, tariff/JPY strength key. ˗ˏˋ ★ ˎˊ˗Overall Summary Outlook˗ˏˋ ★ ˎˊ˗ GBP/JPY at 189.50 faces bearish short-term pressure from JPY safe-haven demand (tariffs, risk-off) and technicals (below SMAs), despite GBP resilience vs. USD. COT shows fading JPY shorts, sentiment leans bearish, and PCE today could sway direction. A short-term dip to 188.00 is likely, with medium-term consolidation unless macro shifts favor GBP. ˗ˏˋ ★ ˎˊ˗Future Prediction˗ˏˋ ★ ˎˊ˗ Bullish: 192.00-195.00 by Q2 2025 if USD softens (DXY to 105), risk-on resumes, or BoE holds rates. Bearish: 185.00-188.00 if JPY strengthens (USD/JPY to 145), tariffs escalate, or risk-off persists. Prediction: Bearish short-term to 188.00 (PCE/USD strength), then cautiously bullish to 192.00 by mid-2025 (risk-on recovery). 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. 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 🤑🐱‍👤🤗🤩
by Thief_Trader
GBP/JPY Analysis – Key Levels & Trade Scenarios📊 Timeframe: Weekly (1W) | Current Price: ~189.90 📉 Bearish Context: Resistance at 192.04: Strong supply zone (red rectangle) where price previously reversed. Aligned with moving averages (likely 50 & 100 periods), acting as dynamic resistance. Support at 184.63: Marked in blue as a significant demand zone. Historical reaction area, where buyers may step in again. 📉 Current Outlook: Price rejected 192.04, forming a bearish structure. Price currently consolidating below resistance, indicating weakness. If selling pressure continues, a move toward 184.63 is likely. 📈 Trade Setups: 🔻 Short (Bearish Bias): Entry: Below 189.50 with a bearish confirmation. Target 1: 186.00 Target 2: 184.63 Stop Loss: Above 192.00 to avoid fakeouts. 🔼 Long (Reversal Play): Entry: Strong bullish reaction from 184.63. Target: Retest of 192.04, with SL below 184.00. 📌 Final Thoughts: The bearish trend remains dominant unless 192.04 is broken. A clean break below 189.50 strengthens the bearish outlook. Macro factors and volatility could influence upcoming price action.
Short
by EdgeTradingJourney
1
GBP/JPY Tuesday Targets The chart provided is a 4-hour (H4) analysis of GBP/JPY (GJ), incorporating Fibonacci retracement levels, a projected bullish move, and potential daily targets. Below is a detailed breakdown with the inclusion of Fair Value Gaps (FVGs) and session theory for a more comprehensive outlook. --- Key Observations: Fibonacci Levels and Price Action: 1. Fibonacci Retracement Zone: - The 0.5 (190.420) and 0.618 (189.804) levels are highlighted as key retracement zones where price may pull back before continuing its upward trajectory. - Price is currently near 190.868, indicating it is within range to test these levels for support before a potential bullish continuation. 2. Projected Bullish Move: - A green arrow indicates an anticipated bullish move from the Fibonacci retracement zone toward the daily target at 193.059. - This projection suggests a higher low formation at the retracement zone, aligning with bullish market structure. Fair Value Gaps (FVGs): - FVG Identification: - The chart does not explicitly mark FVGs, but they can be inferred in areas where price has moved impulsively, leaving inefficiencies or untested zones. - A potential FVG exists between the 0.5 and 0.618 Fibonacci levels, where price may revisit to fill the imbalance before resuming its upward momentum. - Role of FVGs in the Setup: - The FVG within the retracement zone aligns with the expectation of a pullback to support levels, offering high-probability entry points for long positions. Session Theory: 1. Asian Session: - During the Asian session, price may consolidate or test the Fibonacci retracement zone as liquidity builds for the next move. - Watch for low volatility during this session, which could set up the pullback. 2. London Session: - The London session often brings increased volatility and directional moves. - A bullish breakout from the retracement zone could occur during this session, aligning with the projected upward move toward 193.059. 3. New York Session: - The New York session may provide additional momentum to extend the bullish move or retest breakout levels. - If price reaches near the daily target during this session, expect potential resistance or consolidation around 193.059.
Long
by BernerFX
GBPJPYGBPJPY Long – Key Factors Supporting the Trade 📌 Volume: Buy volume is increasing, signaling accumulation and potential upside momentum. 📌 COT Data: Commercials are extremely net short JPY, suggesting institutional positioning for JPY weakness. GBP commercials are net long but fading, indicating mixed sentiment but not outright bearishness. 📌 Oscillators: Stochastic and CG both in oversold territory, signaling potential reversal conditions. 📌 Measured Move: The sell-side measured move has completed, indicating exhaustion and potential for a bullish reaction. These factors align for a solid long setup on GBPJPY. Managing risk while the trade plays out. #Forex #GBPJPY #MarketAnalysis
Long
by Wainainarobert
GBP/JPY Sell Alert: Double Top Confirmation & Bearish Trend 📉 GBP/JPY Sell Trade Analysis **Trade Setup Details:** - **Sell Entry:** **189.500** - **Stop Loss:** **Above 190.300** - **Take Profit Targets:** - **TP1:** **189.000** (+50 pips) - **TP2:** **188.600** (+90 pips) - **TP3:** **188.300** (final target, +120 pips) - **Resistance Level:** **189.900** #### **Technical Analysis Breakdown:** 1. **Double Top Pattern at 190.300:** - This is a **bearish reversal pattern**, meaning the price tried to break above **190.300** twice but failed. - It confirms a potential downtrend as sellers step in. 2. **EMA50 Trend Confirmation:** - The price is moving **below EMA50**, which signals a strong **bearish trend**. - This supports the idea that sellers are in control. 3. **Resistance Level at 189.900:** - If price retests this level and **fails to break above**, it confirms further downside potential. - If price **breaks above 190.300**, it invalidates the sell setup, and **risk management must be applied**. #### ** Risk Management & Trade Execution:* * - **Stop Loss Placement:** Above **190.300**, which is the double top resistance. If price breaks above this level, it indicates bullish momentum. - **Risk-to-Reward Ratio (RRR):** - TP1: **1:1** (Risk 50 pips for 50 pips gain) - TP2: **1:1.8** (Risk 50 pips for 90 pips gain) - TP3: **1:2.4** (Risk 50 pips for 120 pips gain) ### **Conclusion:** This sell trade is based on a strong **bearish double top pattern** and **EMA50 trend confirmation**. The **189.900 resistance level** is key—if the price stays below it, the trade remains valid. However, if price **breaks 190.300**, it invalidates the setup, and stop-loss protection should be used. **📊 Monitor price action, stick to your plan, and manage risk carefully!** 🚀🔥
Short
by elitetrader9090