JPYGBP trade ideas
GBPJPY H4 I Rising from 61.8?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 189.93, which is a pullback support close to 61.8% Fibo retracement.
Our take profit will be at 192.85, a pullback resistance close to 50% Fibo retracement.
The stop loss will be placed at 188.09, which is a swing low support level.
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.
GBPJPY Possible SELL The market is currently reacting at Daily structure. Based on 4HR TF, the market seems to be forming a possible reversal chart pattern well.
We could see Sellers coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
GBPJPYGBPJPY close the week on ascending trendline. On fundamental footnote we have British GDP m/m forecast 0.1% ,GDP Construction Output m/m ,GBP
Goods Trade Balance ,GBP Index of Services 3m/3m,GBP Industrial Production m/m ON FRIDAY.BOE(bank of England )monetary policy team will focus GDP m/m, the gross domestic product is the broadest measure of economic activity and the primary gauge of the economy's health. Actual greater than forecast will keep my daily bullish time analysis ontra
GBPJPY SELL IDEAIn my hourly chart , i can see a possible formation of the Head and shoulders pattern , that is yet to be completed . i'm looking forward to sell on the formation of the right shoulder
GBPJPY i am wishing for BEARISH GBPJPY i am wishing this week for SELL till the support price 188.599.
GBPJPYThe potential sell scenario for the pair this week:
A strong opportunity to sell GBPJPY from the current levels.
GBPJPY 1D | Market ViewThe GBPJPY shows potential for a bearish pullback, which may drive the price down toward the support level at 182.000. Key selling opportunities are anticipated around the 193.000 levels, presenting a strategic entry point for traders aiming to capitalise on this potential downward movement.
Looking for short term longPossible long position with 1:3 RRR
The trade is based on technical analysis and indicators...
GBP/JPY Trend Shifted on H1 Timeframe"All Insights given on Chart"
(Follow for more Valuable Updates)
Note :
Do your own Research and Trade Wisely Never rely on my opinions.
Good Luck folks
GBPJPY Analysis Week 50🌐Fundamental Analysis
The Japanese Yen (JPY) struggled to capitalize on the previous day’s modest gains and traded in a narrow range against the US currency in early European trading on Friday. Meanwhile, the short-term bias appears to favor JPY bulls as the more dovish Bank of Japan (BoJ) remains on track to raise interest rates.
The British Pound rose sharply against major currencies on Friday as Bank of England (BoE) officials signaled persistent price pressure concerns. BoE Governor Andrew Bailey also stressed that the central bank still has work to do to bring inflation below its 2% target.
With no major UK economic data in the near term, market speculation that the BoE will make a rate decision at its December 19 monetary policy meeting will boost sterling’s valuation. Traders expect the BoE to keep interest rates unchanged at 4.75%.
🕯Technical Analysis
GBPJPY rebounded strongly after breaking the downtrend channel. 190.300 became an important support zone in the immediate future and the price range was formed with resistance at 192.500, the highest peak of last week that the sellers accepted. That is also an important zone of the EMA 89. Pay attention to this border area of the pair in the immediate future. In the further border area, when there are signs of breaking out of the narrow range, the pair can push the price up to 194.400. Because the main trend of the market is uptrend again. BUY signals will be prioritized next week when there are important breakout signs. Pay attention to the bottom area of 188.300 so that the pair can form a double bottom pattern and increase again.
📈📉Trading Signals
BUY GBPJPY 188.400-188.200 Stoploss 188.000
SELL GBPJPY 194.400-194.600 Stoploss 194.800
Sell GBP/JPY Channel BreakoutThe GBP/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. FX:GBPJPY
Key Points:
Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 188.85
2nd Support – 187.55
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
QM Continuation on H1We can see on H4 GJ got Divergent on Awsome oscillator and I expect a minor Uptrend next week. But need to watch out on Daily Supply zone area
GBPJPY Is the Carry Trade really over?The carry trade wil probably continue to unravel until Q2-3 then rates will spike again and I expect stocks to selloff.
GBPJPYon monthly timeframe gbpjpy is bearish but on weekly we have a breaout of descending trendline and on retest we will see more buying days .on daily i have bullish sentiment
GBPJPY Looking for Setup PositionGBP/JPY recently broke a key trendline, signalling a potential downtrend reversal. After the break, the pair entered a consolidation phase, forming a flag pattern.
The breakout below the flag's lower trendline suggests that the downtrend is likely to resume. Looking for short positions, aiming to capture the continuation of the bearish momentum.
GBPJPY WEEKLY OUTLOOK 12/9 - 12/13If GBPJPY holds above $191.208 we can potentially see a push up to test $194.000 which is a 50% fib level. If price breaks and close below $191.208 , we can resume the downtrend and take profit at $188.000 previous low support.
Potential GBP/JPY BuyLooking to take a short-term long position on GBP/JPY with the potential of a bullish run.
Market Sentiment: 46% Short | 54% Long
GBP/JPY Bullish Reversal Setup with Inverted Head and Shoulders This 4-hour GBP/JPY chart illustrates an inverted head and shoulders pattern, a bullish reversal indicator. The left shoulder, head, and right shoulder are clearly marked, showing a potential bottoming formation. The neckline acts as resistance, with a "Buy Stop" placed just above it to confirm the breakout. A projected target of 196.318 is identified, aligning with the typical measured move from the pattern's neckline to the head. A stop-loss is set at 190.761 to manage risk in case of a reversal, ensuring a favorable risk-to-reward ratio. This setup suggests a potential upward move following a breakout above the neckline
GBPJPY - Long Supported by Fundamentals and TechnicalFundamental Analysis:
Key indicators, including the LEI as well as endogenous and exogenous factors, show mixed to declining trends on a weekly basis. This points to a weakening outlook for GBP against JPY, reinforcing a bearish view on the pair
Seasonality:
Historically, GBPJPY tends to be bullish from the middle of the first week of December until the middle of the second week, suggesting a potential seasonal opportunity for long positions.
COT Report:
GBP has been at its lows for 13 and 26 weeks, while JPY remains neutral. The report highlights a buy bias for GBP and a sell bias for JPY, indicating potential opportunities favouring GBP. Additionally, flip data reveals a shift in market sentiment from bearish to bullish.
Technical Analysis:
GBPJPY has been in a downtrend, forming lower highs (LH) and lower lows (LL) on the 1H timeframe. Recently, it showed a bullish flag pattern, indicating a potential shift to an uptrend. The price has respected the bullish flag projection, bounced off its first rejection level, and formed a new higher low (HL). This sets up a potential long opportunity if the price breaks above the previous higher high and clears the first resistance.
Conclusion:
Consider going long on GBPJPY, as seasonal trends, the COT report, and technical indicators strongly favour GBP over JPY.
Entry Price: 192.400 (Buy Stop)
Stop Loss: 190.880
Take Profit: 193.9200
