GBP/JPY For Bearishwait for pull-back near entry point and then go short
general trend is down trend
have fun :)
GBPJPY trade ideas
GBP/JPY Long trade ideaPrice hit weekly bullish OB, is forming a bullish flag on 1H. On the COT , Commercials are at all time bearishness on JPY.
Entry is above sonday open.
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GBPJPY forms three drives pattern, good to buy on dips
Pattern formed- Three drives pattern (Bullish)
The GBP/JPY was one of the worst performers this week on board -based yen buying. It hit a low of 185.57 at the time of writing and is currently trading around 186.27. Intraday trend is bullish as long as support 185 holds.
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 186.75, a breach above this level targets of 187.15/187.88/189/189.50/190/191/191.75/192.30/193. Downside support is at 185.50 with additional levels a 183/180.
Market Indicators
CCI (50)- Bearish
Directional movement index - Bearish
Trading Strategy: Buy on dips
It Is good to buy on dips around 186 with SL around 185 for a TP of 190.
POTENTIAL LONGS ON GBP/JPYGBP/JPY 1D - Now price has traded into a large area of Demand I am expecting a reversal in this market, as we know this market is predominantly bullish anyway with the JPY being quite a weak currency compared to the GBP.
I want to see price break structure to the upside more fractally, giving us the confluence to suggest that enough Demand has been introduced to see price trade higher, once we have that we can begin looking for longs.
Following the prevailing trend we have majority traders on our back to help drive price higher. A break will give us the confluence needed so once we have that we just need to wait for price to pullback.
Price pulling back gives us the means to get involved in this market with a refined entry. allowing us to have greater risk to reward returns on our trades.
correctionIt is expected that the trend will change within the current support range and we will see the start of the upward trend. Otherwise, the downward trend will continue.
GJ-Wed-9/04/25 Top down analysis-Ueda speech|FOMC minutes!!!Analysis done directly on the chart
BOJ Ueda speaking in London session, you might
see price moves fast and don't know what is
happening. Just trade safe, manage your risks.
Not financial advice, DYOR.
Market Flow Strategy
Mister Y
GBP/JPYgoing long on GJ VERY SOON
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GBP/JPY risky long on 4Hwe have approached bottom of the bearish channel and saw rejection from there. I expect price to form double bottom like it diid before so I have opened short position with TP 186.7 then I expect bullish behaviour until 193 to repeat history
Elliott Wave Indicates Bearish Sequence for GBPJPYThe Elliott Wave perspective indicates that GBPJPY has entered a bearish sequence from its October 30, 2024 high. It signals further downside potential. From that peak, wave (W) concluded at 187.05, followed by a wave (X) rally that terminated at 195.94, as illustrated in the accompanying 1-hour chart. Currently, wave (Y) is unfolding lower, exhibiting an internal zigzag structure.
Breaking it down from the wave (X) high, wave ((i)) declined to 192.7. The subsequent wave ((ii)) rally peaked at 195.77. The pair then resumed its descent in wave ((iii)), reaching 187.51, before a wave ((iv)) bounce concluded at 190.29. The final leg, wave ((v)), completed at 186.05, marking the end of wave A in a higher degree. From there, wave B unfolded as a zigzag corrective pattern: wave ((a)) rose to 188.83, and wave ((b)) pulled back to 187.09. Wave ((c)) advanced to 190.08, completing wave B. The pair has since resumed its decline in wave C.
In the near term, as long as the pivotal high at 195.94 remains intact, any rallies are expected to falter in a 3, 7, or 11 swing structure, reinforcing the outlook for further downside. Traders monitoring this setup should anticipate limited upside and watch for confirmation of this bearish continuation.
GBPJPY TRADE UPDATE: 1:1 PROFIT ACHIEVED With our 1:1 profit target achieved, we'll now aim for a 1:2 ratio. To lock in some gains, let's secure half of the profits and allow the remaining position to run towards the full take-profit level.
Buy Limit GBPJPYBuy Limit orders for GBPJPY at 186,308. We will be targeting 187,888. We can have stop losses at 185,999. Let us see how it goes
GBPJPYYEN will continue to appreciate against others pairs especially the British pounds sterling.the bank of japan monetary polices is playing out big
GBP/JPY Daily AnalysisPrice is testing support for the 3rd time (last tested and rejected in late 2024 and February 2025)
This MAY now lead to opportunities to buy if we see a bullish setup or bullish impulse and correction.
A break and close below support would invalidate this idea.
This is just an idea of what could happen. You should always trade with a well tested and profitable trading strategy using good risk management.
[_] ONENTRY This will be second attempt if the first one hits SL
ONENTRY
GBP/JPY - ONENTRY ' 2Fib Strategy '
Timeframe: 30 Minutes
Session: London Pre-Market (00:00 - 06:30 +2GMT)
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.
Anchor Point 2: Drag to the start of the impulse move (first candle 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 (1:1 risk-reward).
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.
GBPJPYCurrently, GBP/JPY is in a bearish trend, forming lower highs and lower lows, while taking support at a major support level.
If the pair reverses from this level without breaking the previous low of 186.22, and then gives a breakout above 189.756, we will consider taking a long position.
Our stop-loss will be placed at 185.794, with targets set at 192.824 and 194.824.
TRADING PLAN: GBPJPY SHORT TRADE SETUP Considering the bearish sentiment in GJ today, and the successful liquidity grab at the Asian session high, we'll take a short position. Our initial target is a 1:1 risk-reward ratio, followed by a 1:2 ratio after securing some profits.
[_] ONENTRYONENTRY
First attempt !
GBP/JPY - ONENTRY ' 2Fib Strategy '
Timeframe: 30 Minutes
Session: London Pre-Market (00:00 - 06:30 +2GMT)
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.
Anchor Point 2: Drag to the start of the impulse move (first candle 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 (1:1 risk-reward).
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.
Trading balanceTrading balance The price of the asset has rebounded from the balance zone. With the prospect of growth into the resistance zone.
[_] ONENTRYONENTRY
GBP/JPY - ONENTRY ' 2Fib Strategy '
Timeframe: 30 Minutes
Session: London Pre-Market (00:00 - 06:30 +2GMT)
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.
Anchor Point 2: Drag to the start of the impulse move (first candle 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 (1:1 risk-reward).
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.
GJ retesting POCLooking to short GJ to POC based on Elliot wave and H4 momentum shift.
Trade safe and good luck
GBPJPY - BuyJust entered a long on GBPJPY after a clean sweep of the Asian session low. Price dipped into a key area of interest, rejecting from the 61.8% retracement, signaling a potential reversal. With liquidity grabbed and bullish momentum kicking in, I’m looking for a push back toward the highs.
Let’s see if this plays out! Managing risk and riding the move.
TRADE:
Entry: 188.011
Stop: 187.720
Profit: 188.589
GBPJPY SELL OPPORTUNITYGBPJPY SELL OPPORTUNITY
GBPJPY QML formed, and the price began
to fall. The upward trendline has been
broken down.
Therefore, try to continue to sell GBPJPY when
the price pull back around 188.3-188.5
Entry：around 188.3-188.5
SL：above 189.05
TP#1：186.5
TP#2：184.7
GBPJPY SELL NOW!!!!!!!!!GBPJPY completed +45pips from yesterdays analysis today we have price making strong rejections off the equal highs and also formed a rising wedge breakouts am in on a sell from this point holding to see price create new lows 184.000 is my goal target
