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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

USDJPY D1 | Bearish DropBased on the D1 chart analysis, we can see that the price is rising toward our sell entry at 192.00, which is a pullback resistance that aligns with 23.6% Fibonacci retracement. Our take profit will be at 188.33, an overlap support level. The stop loss will be at 196.00, a pullback resistance level close to 61.8% Fibo retracement High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
1
GBP/JPY: Key Levels and Trading SignalsAlexGoldHunter FXOPEN:GBPJPY Technical Analysis and Strategy for GBP/JPY on a 1-Hour Timeframe Chart Analysis Current Price: 189.488 Key Price Levels: Resistance Levels: 0.618 Fibonacci: 189.876 0.705 Fibonacci: 190.4359 0.786 Fibonacci: 190.681948 Support Levels: 0.382 Fibonacci: 189.543476 Recent Low: 188.335 Volume Profile: High trading volume around the 189.5 level, indicating significant interest. Technical Indicators: Bollinger Bands: The price is near the lower band, indicating potential oversold conditions. Moving Averages: 50-period (blue line) and 200-period (red line) moving averages are plotted. The price is below both moving averages, indicating a bearish trend. RSI (Relative Strength Index): Current RSI is around 48.15, indicating neutral momentum. Stochastic Oscillator: The Stochastic Oscillator is around 52.57, suggesting potential upward movement. MACD (Moving Average Convergence Divergence): The MACD histogram is slightly negative, with the MACD line below the signal line, indicating bearish momentum. RSI Divergence: The RSI divergence indicator shows a value of 0.051, suggesting a potential reversal. Buy Strategy Entry Point: Consider entering a buy position if the price breaks above the 0.382 Fibonacci level (189.543476) with strong volume. Confirmation can be obtained if the price closes above the 50-period moving average (currently around 190.277). Indicators Confirmation: Ensure the RSI is above 50, indicating bullish momentum. The Stochastic Oscillator should be moving upwards, ideally above 80. The MACD line should cross above the signal line, indicating a bullish crossover. Stop Loss: Place a stop loss below the recent swing low, around 188.335, to manage risk. Take Profit: Set the first take profit level at the 0.618 Fibonacci level (190.208524). The second take profit level can be set at the 0.786 Fibonacci level (190.681948). Sell Strategy Entry Point: Consider entering a sell position if the price breaks below the recent low around 188.335 with strong volume. Confirmation can be obtained if the price closes below the 0.382 Fibonacci level (189.543476). Indicators Confirmation: Ensure the RSI is below 50, indicating bearish momentum. The Stochastic Oscillator should be moving downwards, ideally below 20. The MACD line should cross below the signal line, indicating a bearish crossover. Stop Loss: Place a stop loss above the recent swing high, around 190.702, to manage risk. Take Profit: Set the first take profit level at the recent low around 188.335. The second take profit level can be set at the next significant support level, which could be identified using historical price action or further Fibonacci extensions. Summary of Signals Buy Signal: Entry: Above 189.543476 (0.382 Fibonacci) Take Profit (TP): 190.208524 (0.618 Fibonacci) Stop Loss (SL): Below 188.335 Sell Signal: Entry: Below 188.335 (recent low) Take Profit (TP): 188.335 (recent low) Stop Loss (SL): Above 190.702 This analysis provides a comprehensive view of the GBP/JPY chart and outlines potential buy and sell strategies with confirmations based on technical indicators and price action. If you have any further questions or need additional insights, feel free to ask! 😊
by Alexgoldhunter
What’s Flowing: GBPJPY ShortThe GBPJPY pair has confirmed a strong bearish trend as it continues to reject key resistance levels and push lower. Recent price action indicates sustained selling pressure, with the pair moving into a lower trading range. Key Observations: 1. Trend Analysis: • The pair has broken below critical support zones at 193.95 and 191.45, signaling further downside potential. • Momentum indicators reflect increased bearish activity, with lower highs and lower lows dominating the structure. 2. Bearish Targets: • Immediate support lies near 188.94, followed by potential extensions toward 186.43 and 183.93 if the downtrend persists. 3. Risk Management: • Stop Loss: Place stops above 191.45 for a balanced risk-to-reward setup. • Take Profit: Scale profits incrementally at key levels, focusing on 188.94 and beyond. Market Context: The bearish movement aligns with broader risk-off sentiment, favoring safe-haven currencies like the JPY. Traders should remain vigilant for any retracements or unexpected macroeconomic shifts impacting the GBP or JPY. Stay tuned for midweek updates as we monitor potential continuation patterns and emerging opportunities.
Short
by moneymagnateash
4
gbpjpy next moveAs can be seen, a bear flag has also formed. The top of this flag corresponds to the filling of the FVG. In the short term, I expect a further decline to hit the monthly liquidity. After this, I anticipate an upward movement fueled by the momentum from the liquidity grab. At one of the potential liquidity points on the 4H timeframe, there will likely be a break of structure, hopefully forming a new FVG, allowing us to take a significant short position targeting 180,000, where another liquidity grab could occur.
Short
by iwan12g
18
GBP/JPY Analysis - 4H ChartThe GBP/JPY pair is currently trading near the 190.20 level, showing signs of a potential reversal zone. The market appears to be in a corrective structure, and we could expect the following scenarios: Short-Term Bounce: I anticipate a short-term consolidation around the 190.00 region (green support zones) before a bullish correction towards 191.50 - 191.75, which represents a key resistance area. Major Rejection at Resistance: If price reaches the 192.00 - 192.25 area (blue resistance zone and trendline), it is likely to face significant selling pressure, leading to a new bearish wave targeting lower levels near 190.00 or even 189.00. Key Levels to Watch: Support: 190.00, 189.00 Resistance: 191.75, 192.25 Market Outlook: The overall trend remains bearish, and I will be monitoring these levels for potential short entries if the pair respects the key resistance zones. If the price breaks through 192.25, we could see a shift in momentum favoring buyers. Let me know your thoughts and how you're positioning for this setup!
by AEL_Education
GBPJPY Will Grow! Long! Take a look at our analysis for GBPJPY. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 190.691. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 191.152 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBPJPY _ BullishWe’re bullish on GBPJPY as the pair continues to demonstrate strong upward momentum supported by technical and fundamental factors. Entry Level: 191.000 This level serves as a key zone of confluence, indicating a potential shift in market sentiment. It aligns with previous support, offering a favorable risk-reward entry point for buyers. Target: 198.500 Our target range is strategically positioned at 198.500, reflecting the potential completion of the ongoing bullish trend. This level is backed by historical resistance, a Fibonacci extension zone, and other key technical indicators suggesting a probable reversal zone. Analysis Overview: Trend: The pair remains in a strong uptrend, supported by a bullish market structure on higher timeframes. Support & Resistance: The 191.000 level represents a significant support zone, with 198.500 being a critical resistance level to watch. Fundamentals: Favorable conditions in the GBP and JPY economies further reinforce the bullish outlook, including risk-on sentiment driving JPY weakness. Technical Indicators: Momentum indicators, such as RSI and MACD, confirm bullish divergence, adding strength to this setup. Risk Management: As with all trades, proper risk management is key. A stop-loss is recommended below the 189.500 level to mitigate potential risks if the market moves against our analysis. Disclaimer: This is not financial advice. Ensure you conduct your own analysis and consider market risks before entering a position. Let me know if you'd like this tailored further!
Long
by vpktrades_2024
1
USD/JPY Analysis: Retail Sentiment at Risk as Large Speculators The USD/JPY currency pair appears poised for a potential decline, as COT reports reveal a clear bias among large speculators favoring short positions. This bearish sentiment from institutional players starkly contrasts with the optimism displayed by retail traders, many of whom remain positioned long, anticipating a reversal. However, retail sentiment often serves as fuel for liquidity hunts, with institutional strategies targeting stop-loss clusters near key support zones. Historical patterns suggest that when retail traders collectively lean too heavily in one direction, large speculators seize the opportunity to move the market against them. With bearish positioning among speculators and retail sentiment ripe for exploitation, USD/JPY could face further downside pressure. Monitoring shifts in liquidity levels, sentiment extremes, and institutional positioning will be crucial in anticipating the next major move. Let me know if you'd like to refine it further! You said: wo super good ChatGPT said: Glad you liked it! 🚀 Let me know if you need more like this or anything else. Happy trading! 📊💡 You said: skriov likande om gbpjpy ChatGPT said: Here’s a version tailored for GBP/JPY: GBP/JPY Analysis: Short Pressure Builds as Speculators Align Against Retail Sentiment GBP/JPY is showing signs of potential downside momentum, with COT data highlighting a growing inclination among large speculators to position short. Meanwhile, retail traders continue to pile into long positions, anticipating a bounce from recent support levels—a setup that often spells trouble for the average trader. Historically, GBP/JPY has been a prime target for stop hunts, given its volatility and tendency to gravitate toward liquidity zones. With institutional players dominating the narrative and retail sentiment leaning heavily bullish, the stage is set for a potential breakdown to sweep liquidity below key levels. The imbalance between institutional shorts and retail longs signals that GBP/JPY may face additional selling pressure. Traders should watch for liquidity grabs near significant swing points and track shifts in sentiment and order flow to anticipate the next leg down. Let me know if you'd like adjustments or a focus on specific aspects!
Short
by OssianH