GBPJPY Will Go Higher From Support! Buy!
Take a look at our analysis for GBPJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 190.245.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 193.925 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.
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GBPJPY
GBP/JPY SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
It makes sense for us to go long on GBP/JPY right now from the support line below with the target of 193.736 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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GBPJPY H8 - Long SignalGBPJPY H8
Leading on from yesterdays analysis too, we came into that 190.000 support price before catching bid again, not entirely sure how much mileage this may have, but there is certainly scope for this setup to start filling this void like we mentioned yesterday.
A large 300 point range which offers 5R from support to resistance and 5R from resistance to support.
GBPJPY BEST INTRADAY SETUPThis analysis focuses on the GBP/JPY 1-hour chart, highlighting key supply and demand zones.
Resistance Zone (191.600 - 192.000): If price retraces to this level, a rejection could lead to a further drop.
Support Zone (190.200 - 190.400): Price is currently reacting to this area. A break below could trigger a deeper move.
Major Demand Zone (189.500 - 189.700): If the current support fails, price may head toward this strong demand area, potentially providing a long opportunity.
Possible Scenarios:
Bullish Case : If price holds above 190.400 and breaks the 191.600 resistance, we could see an upward push.
Bearish Case : A rejection from 191.600 or a break below 190.200 may lead to a drop toward 189.600.
Stay cautious and watch price action confirmations before entering trades! 🚀
GBPJPY at Key Support: Potential Rebound AheadOANDA:GBPJPY is approaching a key demand zone, marked by prior price reactions and significant buying pressure. This zone has historically acted as strong support, suggesting the potential for a bullish reaction if buyers step in.
If the price confirms a rejection from this demand zone, I anticipate an upward move toward the 191.450 level, which aligns with a logical retracement level.
Traders should look for bullish confirmation signals, such as bullish engulfing candles or a series of higher lows, to validate potential long positions.
GBPJPY Is Nearing An Important Resistance With The Trend!!Hey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 192.500 zone, GBPJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 192.500 support and resistance area.
Trade safe, Joe.
Trading minute impulseOn the minute timeframe of GBPJPY at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
GBP/USD Trend Reversal? Smart Money Entering the Market!GBP/USD is a major forex pair representing the exchange rate between the British Pound (GBP) and the US Dollar (USD). The current price is 1.25100, and the target price is set at 1.27000, indicating an expected upward movement. This trade setup suggests a potential gain of over 200 pips if the price reaches the target. A pip, or "percentage in point," is a standard unit of movement in forex trading, where 1 pip in GBP/USD is 0.0001. The trend line breakout confirms a bullish signal, meaning the price has moved above a key resistance level. Strong volume support indicates that many traders are participating in this move, adding to the momentum. A breakout with high volume often leads to sustained price movement, increasing the likelihood of hitting the target. If the trend continues, traders might see further gains beyond the expected 1.27000 level. However, risk management is crucial, as market conditions can change unexpectedly. Keeping an eye on economic news and key events related to the UK and US economies is essential. Overall, this setup suggests a strong buying opportunity for traders looking to capitalize on the breakout.
GBPJPY Triangle pushing higher.GBPJPY is trading inside a Triangle pattern with the price starting a rebound yesterday on its bottom.
A crossing over the MA200 (4h) confirms the bullish extension.
The previous bullish wave surpassed the 0.786 Fibonacci to price a High at the top.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 196.900 (0.786 Fib).
Tips:
1. The RSI (4h) is on the exact same levels as December 4th. That was also at the start of the previous bullish wave.
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GBPJPY Expected Growth! BUY!
My dear friends,
GBPJPY looks like it will make a good move, and here are the details:
The market is trading on 190.78 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 192.09
Recommended Stop Loss - 190.04
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
GBPJPY Will Go Higher! Buy!
Here is our detailed technical review for GBPJPY.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 190.722.
Considering the today's price action, probabilities will be high to see a movement to 191.990.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBPJPY is Holding above the Support , All Eyes on BuyingHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
🟢This Chart includes_ (GBPJPY market update)
🟢What is The Next Opportunity on GBPJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPJPY H1 I Bounce Off the 50% Fibo?Based on the H1 chart, the price is falling toward our buy entry level at 191.604, which aligns with a pullback support level and the 50.0% Fibonacci retracement. This level is expected to act as a potential bullish continuation point.
Our take profit is set at 192.936, near a previous resistance level, where the price may face selling pressure.
The stop loss is placed at 190.234, below the previous swing low, providing room for price fluctuations while ensuring the bullish setup remains valid.
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Trading minute impulseOn the minute timeframe of GBPJPY at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
GBP/JPY: Bearish Setup to Expect Levels
From the recent price action on the GBP/JPY 1H chart, the pair has shown signs of exhaustion after a corrective pullback into key Fibonacci retracement levels. The latest upswing appears to have found resistance around the 0.786 Fibonacci level (near 191.60–192.00), which suggests limited upside momentum.
- Bearish Momentum: The RSI is rolling over from overbought conditions on lower time frames, hinting that sellers are stepping back in.
- Fibonacci Confluence: The identified Expect Level 1 (~190.29) and Expect Level 2 (~189.73) coincide with Fibonacci extension targets—an indication that these levels could see a reaction or bounce.
- Price Structure: The broader trend on the 1H chart remains to the downside, with lower highs forming since the pair topped earlier in the week. A retest of the 0.786 fib area has fueled sellers to push price lower again.
Expectation
- A potential breakdown toward 190.29 (Expect Level 1) is likely if the current corrective bounce fails below 192.00.
- Further bearish follow-through could drive price down to 189.73 (Expect Level 2), aligning with Fibonacci extensions and support levels.
Bullish bounce?GBP/JPY is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance.
Pivot: 189.28
1st Support: 184.60
1st Resistance: 194.65
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gbpjpy buy signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBP/JPY Awaits Catalyst for Next Bullish ImpulseThe GBP/JPY currency pair is currently fluctuating within a defined range, and we anticipate a continuation of the bullish momentum following a rebound from the demand zone near the 190.000 level. The Commitment of Traders (COT) report indicates that retail traders are positioned on the short side, creating a contrarian buying opportunity. As we plan our buy limit orders, we are utilizing Fibonacci retracement levels to identify potential entry points. We believe that the price may revisit the 192.000 area, setting the stage for a new bullish impulse.
Historical analysis suggests that the GBP/JPY has been trending upwards, driven by a strong British pound and a relatively weak Japanese yen. The pair has faced periods of congestion, particularly in the 190.000 – 192.000 zone, where it has been bouncing back and forth. However, with retail traders short, the market dynamics could shift in favor of buyers.
In conclusion, the GBP/JPY is poised for a potential breakout, and we believe that a continuation of the bullish momentum is likely. As retail traders are positioned on the short side, we see this as a favorable buying opportunity. Our analysis suggests that the price may revisit the 192.000 area, setting the stage for a new bullish impulse.
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GBPJPY: Very Bearish Chart Pattern 🇬🇧🇯🇵
I see a perfect example of a completed head & shoulders pattern
on GBPJPY on a 4H time frame.
A breakout of its neckline is a strong bearish signal.
I think that the price will continue falling soon.
Goals: 191.38 / 190.7
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GBPJPY Will Go Higher! Buy!
Here is our detailed technical review for GBPJPY.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 191.954.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 192.882 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!