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GBPJPY trade ideas

GBPJPY BEARISH REVERSAL SIGNAL ANALYSIS | CHECK THE CAPTIONGBP/JPY TRADE SIGNAL ANALYSIS BIAS: BEARISH TIMEFRAME: 1H Entry Zone: Around 189.65 - 189.75 Current Price: 189.65 Stop Loss: 190.14 (above resistance zone) Take Profit Targets: • Target 1: 189.27 • Target 2: 188.90 • Target 3: 188.10 Analysis: Price is currently rejected a resistance zone after a bullish push. The setup suggests a possible rbearish reversal from this area, with three clear bearish targets identified on the chart. A bearish structure is anticipated with potential pullbacks before further drops. Good for short and intraday trading. NOTE: Do proper risk management and trade at your risk.
Short
by Alex_gold_trader
GBPJPY Will Fall! Short! Please, check our technical outlook for GBPJPY. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 189.024. Considering the today's price action, probabilities will be high to see a movement to 187.906. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
[_] ONENTRY### **GBP/JPY - ‘2FIB Strategy’ by ONENTRY** **Timeframe:** 30 Minutes **Session:** London & New York ### **Step 1: Identify the Overnight Range** - Mark the **high** and **low** of the price range between **00:00 - 06:30 (+2GMT)**. - Wait for a **clear breakout** with a candle *closing* above (for longs) or below (for shorts) this range. ### **Step 2: Apply Fibonacci Levels** - After the breakout, use the **Fibonacci retracement tool**: - **Anchor Point 1:** Start at the *close* of the breakout candle body. - **Anchor Point 2:** Drag to the *start* of the impulse move - first candle body of the range. - Key level for entry: **0.5 and** **0.35 retracement**. ### **Step 3: Trade Execution** - **Entry:** Enter on a pullback to **0.5** and **0.35 Fib level** after the breakout. - **Stop Loss :** - *Long trades:* Below the **low of the breakout candle’s body** - *Short trades:* Above the **high of the breakout candle’s body**. - **Take Profit Targets:** - **TP1:** 1.0 Fib - **TP2:** 1.25 Fib extension. - TP3: 1.6 FIB extension - **TP4:** 2.3 Fib extension (runner position). ### **Step 4: Trade Management** - Move SL to breakeven when price hits **TP1**. - Close the running trade before midnight. Always Test The Strategyevels** - After the breakout, use the **Fibonacci retracement tool**: - **Anchor Point 1:** Start at the *close* of the last impulse candle wick. - **Anchor Point 2:** Drag to the *start* of the impulse move - first candle wick of the range. - Key level for entry: **0.5 and** **0.35 retracement**. ### **Step 3: Trade Execution** - **Entry:** Enter on a pullback to **0.5** and **0.35 Fib level** after the breakout. - **Stop Loss :** - *Long trades:* Below the **low of the breakout candle wick.** - *Short trades:* Above the **high of the breakout candle wick.** - **Take Profit Targets:** - **TP1:** 1.0 Fib - **TP2:** 1.25 Fib extension. - TP3: 1.6 FIB extension - **TP4:** 2.3 Fib extension (runner position). ### **Step 4: Trade Management** - Move SL to breakeven when price hits **TP1**. - Close the running trade before midnight. Always Test The Strategy
Short
by ONENTRY
New Pair under my belt, GBPJPY! Let's see how this goes.. I have been closely monitoring GBP/JPY, currently trading around 188.775. The pair has been hovering near resistance, and multiple technical indicators suggest momentum is weakening. My focus is on institutional absorption near 188.75–189.00, where price has struggled to break higher. Examining price action, I see rejection wicks forming near resistance, confirming potential sell-side control. MACD divergence on the hourly timeframe indicates slowing momentum, and RSI is hovering around 54.69, reflecting a neutral stance rather than strong bullish continuation. ADX at 18.83 suggests the trend is weak, meaning price could be consolidating before a directional move. Support sits near 187.50–188.00, where price has previously shown demand. If institutions absorb sell orders here, a long position toward 189.00 may develop. However, if price fails to hold above 188.75, a short trade targeting 187.50 aligns with institutional rejection patterns. With volume showing signs of clustering near resistance, the probability of a pullback is increasing. At this point, I am watching how price reacts near key liquidity zones. If sellers continue defending 188.75, I will wait for bearish confirmation before executing a short trade. Alternatively, if price holds above 188.50 with bullish volume, I will reassess my bias for a potential breakout toward 189.50. Managing risk effectively and waiting for clear signals will be the key to executing the best trade setup.
Short
by Sel_Ali