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GBPJPY trade ideas

GBPJPY Point of importance GBPJPY: Key Levels and Market Structure Analysis We are at a critical juncture in GBPJPY, with multiple technical signals and patterns aligning across timeframes. Here’s a detailed breakdown of the current market environment: Weekly Timeframe • Channel Break: GBPJPY has dipped below the ascending channel that has been valid since January 2023. While the weekly close has not confirmed a full breakdown, this move suggests underlying weakness. • Key Indicators: • RSI: Currently at 45, indicating bearish momentum but not yet oversold. • MACD: Weak bearish crossover, suggesting declining momentum. • CMF: Below zero, pointing to capital outflows. • Support Zones: Should the weakness persist, the next major support could align with the 2020 ascending channel’s lower boundary at 176, a macro target that may take months to materialize. Daily Timeframe • Symmetric Triangle: GBPJPY is trading within a well-defined symmetric triangle. The price is currently respecting the triangle’s support line. • Order Blocks: A minor one-hour order block has been breached, indicating a potential move towards the 190.6–190.8 daily order block, which also aligns with the triangle’s support. • Indicators: The RSI and MACD suggest caution, but the daily structure remains bullish. 4-Hour Timeframe • Falling Wedge: A falling wedge pattern has been identified, with a rejection on January 14th. This pattern typically indicates potential for reversal, but confirmation is required. • Fibonacci Levels: • The price has retraced to the 0.382 Fibonacci level of the larger downtrend move. • Deeper retracements to the 0.786 level (188.455) or even the 100% extension would signal significant bearish intent. • Potential Breakdown: A move below the daily order block at 190.6–190.8 could lead to the next major support levels at 185 and the weekly order block at 181. 1-Hour Timeframe • Trendline Breaks: A minor trendline with limited touches has been broken and retested, followed by a sharp drop. This shows significant intraday weakness. • Market Uncertainty: The price is fluctuating near critical levels, and trading in this range is not advisable until the market provides clarity. Key Observations 1. Risk of Further Downside: Breaking below the daily order block and the symmetric triangle would be a strong bearish signal, aligning with weekly and daily weakness. 2. Upside Potential: A breakout from the 4-hour falling wedge would signal a potential reversal, providing long opportunities. Plan of Action 1. Avoid Trading in Uncertainty: The current zone is filled with conflicting signals and does not offer a clear edge. Patience is critical. 2. Wait for Confirmation: • Bullish Scenario: A confirmed breakout above the falling wedge will warrant long positions targeting 192 and beyond. • Bearish Scenario: A break below the daily order block at 190.6–190.8 could lead to further downside, targeting 188.455 and eventually 185. 3. Stick to the Trend: While the broader trend remains bullish, the current weakness and proximity to critical support levels necessitate caution. Avoid predicting reversals and react to confirmed breakouts. For many, this trade setup may not be immediately apparent, but GBPJPY is currently at a crucial point that demands patience and precision. At this stage, taking trades without confirmation could lead to unnecessary risks. We must hone our discipline and wait for the market to provide clear direction before making any moves. Remember, successful trading is not about acting on impulse but about waiting for the right opportunity to align with our strategy. Stay focused, stay disciplined, and let the market come to you. Final Note The market thrives on buyer-seller dynamics. It’s vital to remain objective and avoid fear-mongering or overreacting to individual moves. Let the market decide its direction and align your strategy accordingly. Clarity and discipline will prevail in such volatile times.
by EliteMarketAnalysis
7
GBPJPYGBP/JPY, commonly known as “The Dragon” in forex trading, represents the exchange rate between the British pound (GBP) and the Japanese yen (JPY). It is a popular currency pair in the forex market, known for its high volatility and wide price swings, offering significant trading opportunities. The GBP/JPY rate is influenced by several factors, including the economic conditions, interest rate decisions, and geopolitical events in both the United Kingdom and Japan. Its movements are also affected by global risk sentiment, as the yen is a safe-haven currency, while the pound is more growth-oriented. Traders often use this pair for both short-term speculation and long-term strategies.
Long
by HavalMamar
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.
Long
by SebFX
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
3
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 --- 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.
Short
by EXPERT117Ai
GBPJPY: The Big Drop No One ExpectsWhat’s up, traders! Back with another GBPJPY breakdown and update. If you’ve been following my previous videos, you know we’ve been tracking a massive opportunity for a potential drop. This week, the market is playing right into our analysis. 🚀 Quick Highlights: • We caught 90+ pips on a clean long setup after breaking above 191.46, targeting liquidity zones at 192.70 and 192.90. • Now, we’re flipping short after spotting key rejection areas and volume shifts. • We’re targeting major levels at 190.00 and possibly beyond as we wait for the market to show its hand. This setup shows why patience and precision are everything in trading. Watch how I break it down from higher time frames to entry zones, with stops and targets mapped out for both early entries and confirmation re-entries. 📉 The big question: Will GBPJPY break the neckline at 190.00 for a massive sell-off, or will buyers step in? Watch to find out how I’m playing this! Comment below if you want more pair breakdowns or have specific setups you’d like me to analyze. Let’s crush the markets together! 💹
Short
by BlueOceanFxAcademy
1
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.
Long
by PLaceUrBetsPlease
GBPJPY Update: A Short-Term Pullback or a New Opportunity?In this breakdown, we revisit GBPJPY to analyze the recent price action and map out potential trading opportunities. Here’s what we’re seeing: 📊 Key Highlights: • Range-Bound Market: GBPJPY continues to play within a range, oscillating between the 198.00 and 189.90 levels, with liquidity being swept on both ends. • Volume Surge: Recent spikes in volume suggest that the market may soon make a decisive move, but we’re waiting for the market to show its hand. • Short-Term Longs: Took advantage of a pullback and entered a buy position at 190.96, currently 56 pips in profit. Stops are now at break-even, and we’re closely watching the 192.90-193.90 zone for potential reversals. • Next Steps: Monitoring for rejections in fair value gaps and signs of bearish continuation. A strong rejection around the marked zones will signal the next shorting opportunity. While the pair remains range-bound, the liquidity sweep and volume patterns indicate potential for short-term longs and eventual shorts. With the market gearing up for volatility, this is a great time to stay vigilant and take calculated moves. The liquidity surge and upcoming economic events—especially with political changes on the horizon—make this a unique time to capitalize on currency volatility. Are you ready for what’s next? Join the discussion, share your thoughts in the comments, and don’t miss out on this detailed breakdown of GBPJPY. Let’s trade smarter in 2025!
Long
by BlueOceanFxAcademy
13