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#gbpjpy#forex

GBPJPY bullish continuation expected GBPJPY we are have strong bearish push, which is be based on BoJ rate cut which we are have before 2 weeks, when they are raise rates. On D TF on 21.8 price is make bounce on strong zone, on lower TF 4h we can see SYMMETRICAL TRIANGLE pattern created, its also breaked, for me 191.00 is be strong zone which can be used for confirmation of break of SYMMENTRICAL TRIANGL (next zone which can be used dor confirmation is 192.00). Currently price looks like its make break, JPY is make strong bearish push in last periods with many majors now expecting to see some rebounces, technically with many looks bearish. TP1: 194.600 (300) TP2: 196.600 (500)
Long
by DepaTrading
GBPJPY Confirmed long-term buy opportunity.The GBPJPY pair has recovered the late July sell-off and inserted again back within the 2-year Channel Up and even closed the last 2 weeks above the 1W MA50 (blue trend-line). The latter technically confirmed the bottom and the start of the new Bullish Leg. The first Bullish Leg of the Channel Up reached the 2.0 Fibonacci extension, the second aimed even higher, so our 218.00 Target towards the peak of the Sine Wave appears to technically be a modest long-term Target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
GJ is still generally bearish, 2 scenarios belowAlthough it's generally still bearish, but sometimes GJ surprises us with a move against any bias, so we always need to have 2 scenarios in mind, the explanation is inside the picture itself. The highest probability will be for a sell but I keep the buy in mind as well. Here are the trade execution rules: 1. Do not take a trade inside the zone. 2. Wait for the 30m candle to actually close above or below the zone (with a wick) before executing. 3. Trade can be executed on the 15 minutes afterwards 4. Do not trade outside volume-hours, volume hours are 1 hour before London open till 1 hour after it opens, one hour before NY open and one hour after NY open. Regards, Marwan
Short
by Marwan_Moallem
1
GBP/JPY Analysis: Strong Reversal and Bearish Setup OpportunityThe GBP/JPY continues its strong reversal from yesterday after reaching the 208.000 area, where a strong weekly supply zone has been present since July 2008. This significant resistance level has prompted the price to retrace. According to the latest Commitment of Traders (COT) report, retail traders and non-commercial participants are still holding long positions, while commercial traders have shifted their positions to bearish over a month ago. This divergence between retail and commercial traders suggests a potential shift in market sentiment. We are looking to capitalize on this reversal by setting up a bearish trade. Monitoring key levels and market conditions closely will be essential in executing this strategy effectively. As the price begins to retrace, identifying optimal entry points for a short position will be crucial in taking advantage of this bearish setup. ✅ Please share your thoughts about GBP/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
GBPJPY Correction technically over. Buy opportunity.The GBPJPY pair is currently on a 3-week correction, the strongest and longest since the one that ended on the week of December 11 2023. That was also the last time the pair closed a 1W candle below the 1D MA50 (red trend-line). As the long-term pattern is a 22-month Channel Up, every 1W candle closing below the 1D MA50 is a buy opportunity. The last Higher High was priced on the 1.5 Fibonacci extension from the first 1W closing below the 1D MA50. As a result we treat this as a new long-term buy opportunity with our Target at 210.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
GBPJPY: Day 3 breakout long in the market, high of the month Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial Balance Wednesday DAY 3 (reset DAY 1) Mid Point Week ✅ no daily cycle Thursday DAY 2 Friday DAY 3 Closing Range 2. SIGNAL DAY First Red Day First Green Day 3 Days Long Breakout ✅ 3 Days Short Breakout Inside Day 3. WEEKLY TEMPLATE Pump&Dump ✅ Dump&Pump Frontside ✅ Backside 4. THESIS: Long: Secondary, the market is stil on the frontside move, I cannot exclude the possibility of trend continuation if after MRN a dump and pump is identified into previous level of interest (HOD, CP etc etc) Short: Primary, considering the current level, HOD, HOW, HOM, signal day, look like the market is accumulating volume up high for a potential strong down move. I will not touch this market until MRN released, and remember, I'm not trying to guess a direction, day 3 long can also blow off in the direction of the trend. If the news won't be catalyst, and a pump and dump will be identified, I would consider it just a scalping day, why? because I do not see any lower low of daily level for a down major move. Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni
Short
by GianniPichichero
5
GBP/JPY Faces Downward Pressure Despite Market 'Yenterventions'On Wednesday, GBP/JPY experienced a slight decline, easing to 200.30 but remaining close to multi-decade highs near 200.75. The pair has drifted into bullish territory as markets seem to dismiss potential "Yenterventions" by the Bank of Japan (BoJ), which have yet to be confirmed. Despite speculation about direct intervention in global foreign exchange markets, the Yen continues to weaken. The primary driver behind the Yen's ongoing decline is the substantial interest rate differential between the Yen and other major global currencies. This wide gap in interest rates has kept JPY flows on the short side, as investors seek higher yields elsewhere. Even with repeated warnings from BoJ policymakers, the market continues to sell the Yen, demonstrating limited impact from these interventions. Furthermore, the BoJ's stance and actions have been under scrutiny, as their commitment to maintaining ultra-loose monetary policy contrasts sharply with the tightening cycles observed in other major economies. This divergence in monetary policies exacerbates the Yen's depreciation, as higher interest rates elsewhere attract capital flows away from Japan. From a technical perspective, GBP/JPY shows signs of divergence on the higher time frame charts. This divergence indicates a potential bearish setup, suggesting that the pair might be due for a correction after its recent highs. Technical analysts often use such divergences as early indicators of potential reversals in trend, as they reflect underlying market conditions that may not be immediately apparent in the price action alone. In addition to the technical signals, the broader market sentiment and macroeconomic factors should be considered. The ongoing uncertainty regarding the BoJ's actual interventions and the general risk sentiment in global markets could influence GBP/JPY movements. As such, while the pair currently remains in bullish territory, traders should stay vigilant for signs of a potential reversal, particularly given the mixed signals from both fundamental and technical perspectives. In summary, GBP/JPY has shown resilience near multi-decade highs despite the BoJ's warnings and potential interventions. However, the significant interest rate differential and technical indicators of divergence suggest a possible bearish setup. Investors and traders should closely monitor both the BoJ's actions and broader market trends to navigate this complex trading environment effectively.
Short
by FOREXN1
1
GBPJPY: Bullish continuation. 1D MA50 in full support.GBPJPY is almost overbought on its 1D technical outlook (RSI = 69.343, MACD = 1.720, ADX = 59.150) and is extending the bullish wave inside the 16 month Channel Up. The overbought technicals shouldn't be a factor for a bearish reversal as long as the 1D MA50 continues to support. We are confident with buying, aiming at the top of the Channel Up (TP = 208.000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope