GBPJPY -- Short61.8 fib level on the daily and on lower 1H. Could be a little risky but risk reward ratio is favorable.
JPYGBP trade ideas
GBPJPY Bullish ideaGBPJPY has been in an uptrend for a while now, so I will be looking for bullish signals in this zone.
GBPJPYGeneral outlook
GBPJPY has been trading in a bullish trend within the last day.
Support levels are now located at 191.150 and 188.700.
Now, the resistance level is located at 193.600.
If the pair rebounds from the resistance level, analysts recommend opening a Sell order with a take profit at the nearest support level. In case the breakout is confirmed, analysts suggest opening a Buy order.
The upcoming news will not influence your orders within the mentioned period.
#GBPJPY 1DAYGBPJPY Daily Analysis
The GBPJPY pair is approaching a significant trendline resistance on the daily chart, suggesting a potential reversal or rejection from this level. This resistance line indicates strong selling pressure, making it a prime area for bearish setups.
Technical Outlook:
Pattern: Trendline Resistance
Forecast: Bearish (Sell Opportunity)
Entry Strategy: Enter a sell position if the price confirms rejection at the trendline resistance through bearish price action signals, such as bearish engulfing candlesticks or lower highs.
Traders should closely watch indicators like RSI for overbought conditions or MACD for signs of weakening bullish momentum. Ensure proper risk management with stop-loss orders placed above the resistance line and profit targets set at nearby support levels.
GBPJPY 4H SWING TRADE IDEA, FOR 16TH, DEC 2024.Price just broke a recent swing high (195.014), as we anticipate a short retracement downwards. Hopefully, if the current trend holds, the next point of interest would be 197.785.
If it happens to be an LQ sweep, will the price go in the opposite direction? then we look for another idea
current price: 195.095
current trend: short-term uptrend
overall downtrend.
GBPJPYThe pair is currently going for a retest after the channel breakout. I believe it's going to fall upon having a bearish candle close on the daily TF.
GBPJPY Analysis - SellGBPJPY Analysis Overview
1. Seasonality:
GBP: Bearish — Historical data for this time period shows GBP typically weakens.
JPY: Bullish — Seasonal trends favor JPY strength, aligning with a sell bias for GBPJPY.
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2. COT Report (Commitment of Traders):
GBP:
4-week flip indicates a Sell bias.
JPY:
4-week flip indicates a Buy bias.
Non-commercial long positions are increasing, indicating strong demand for JPY.
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3. Fundamental Analysis:
LEI (Leading Economic Indicator):
GBP: Decreasing — Suggests economic slowdown and bearish momentum for GBP.
JPY: Range — Neutral economic outlook, but overall supportive of its safe-haven appeal.
Endogenous Factors:
GBP: Decreasing — Internal economic conditions are weakening, favoring a sell bias.
JPY: Increasing — Positive domestic factors support JPY strength.
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4. Exogenous Factors:
GBPJPY:
Classified as a Strong Sell due to broader external influences such as global risk aversion and JPY's safe-haven demand.
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5. Technical Analysis:
On the 4-hour chart:
There is a visible order block and a fair value gap (FVG) in the price structure.
The price has retraced to 50% of the order block, presenting a favorable opportunity to enter a short position.
Confluence from bearish market structure and resistance zone further validates the sell setup.
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Bias: Strong Sell
Based on seasonality, COT data, fundamentals, exogenous influences, and technical analysis, GBPJPY is poised for a significant downside move. Look for selling opportunities at or near the current resistance levels within the order block.
GBP-JPY Bullish Breakout! Buy!
Hello,Traders!
GBP-JPY is trading in an
Uptrend and the pair made
A bullish breakout of the
Key horizontal level of 194.327
And the breakout is confirmed
So we are bullish biased and
We will be expecting further
Growth after a potential pullback
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
GBPJPY // minor long expansionThis is a daytrading idea.
If the last clear M15 breakdown is cleared, the market enters the expansion phase of this minor long trend, going for the H4 resistance zone, with potential targets (H1 target fibo levels) on the way.
The idea is valid until H4 trend is up.
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We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present. 🏄🏼♂️
Your comments and support are appreciated! 👊🏼
GBP/JPY eyes break of 2015 highThe BOJ held rates as expected and the BOE are expected to hold rates later today, and unlikely to provide a particularly dovish tone. With that in-depth central bank analysis out the way, I want to share a nice looking long setup on the daily and 1-hour chart. I also take a quick peak at seasonality in December which points towards a bullish bias over the near term.
MS
Long tradeLong trade with a tiny 1st tp target. When/if 1st tp is reached, im going to move my syops to breakeven
GBPJPY Bearish ideaGBPJPY broke trough bullish structure. Looking for a retest of this zone followed by a move to the downside.
GBPJPY is preparing for a pullbackGBPJPY is preparing for a pullback
The chart has broken the descending structure.
The price is moving from the dynamic support and now approached the dynamic resistance.
We expect a pullback after a retest of the upper trend line.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
GBPJPY BUY PROJECTION We see price was in a downtrend, it broke out and started an uptrend, I expect price to still go long, because in the weekly TF, it is meant to meet an extreme buy. Buy now
GBPJPY Buy Zone Locked 195.000 in SightThe GBP/JPY chart shows a bullish opportunity as the price approaches a key demand zone around 193.400.
This area has acted as a significant support level, and rejection here could signal the continuation of the broader uptrend.
With a clear target at the psychological resistance of 195.000, the setup aligns with a bullish market structure. Traders should watch for confirmation through bullish price action within the demand zone, such as rejection wicks or higher lows.
A clean bounce from this level offers a high-probability trade, with stops just below the zone to maintain a favorable risk-to-reward ratio.
GBPJPY: Short Trading Opportunity
GBPJPY
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell GBPJPY
Entry Level - 195.44
Sl - 196.81
Tp - 192.93
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
gbpjpy longs-price respected 194.750 key level on the daily timeframe
- price formed double bottoms on the intraday time frame
-expecting price to reach 195.615
GBPJPYthe GBPJPY will have a fundamental report by 8am ,the core cpi and cpi data print will give us a clear directional bias to keep long.
GBPJPY SELL 1 HOUR TIME FRAMESTRONG SUPPLY ZONE
Failures to make higher high
Gaps To Fill Below!
Expecting a 2:67 Risk to Reward Let’s see!
GBPJPY bullish expectations for next periods
OANDA:GBPJPY price on zone bouncing, here having expectations to see stronger, higher bullish push in this week
SUP zone: 190.000
RES zone: 195.900, 197.200
currently waiting fo a pullback to key level 194.738 gbpjpy weekly timeframe is on an uptrend
--price is making hh and hl on daily timeframe
--my bias is long as of now
-price rejected daily key level 195.615
-waiting for a pullback to 4h key level 194.738
--and see if i get rejection and buyers momentum steping in for a long position
GBPJPY-BULLISH IDEAgbpjpy seems to be in strong bull run as it showed a same pattren on fib retracement 0.618 and 0.786 with a cup and handle pattren as it showed on its previous HL.
