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GBPJPY

GBPJPY ANALYSIS IS READY MOVE TO FLYThis chart shows an analysis of the GBP/JPY currency pair on a 4-hour time frame using Heikin Ashi candlesticks. The key points of the analysis are: 1. Support Zone: The black horizontal line indicates a strong support level around 197.90. Price has previously respected this level, and it is expected to serve as a base for an upward move. 2. Cup and Handle Pattern: The red curved outline suggests the formation of a potential "Cup and Handle" pattern, a bullish continuation setup. The price seems to have completed the "cup" phase and could now be moving towards the breakout phase. 3. Breakout Scenario: If the price breaks above the current consolidation level, it could trigger a bullish rally. The blue arrows represent possible price trajectories toward higher levels. 4. Target Zones (TP1, TP2, TP3): TP1: Around the 200.000 level, which could act as the first profit-taking zone. TP2: Around the 202.000 level, marking a secondary target for traders. TP3: Around 204.000, the highest target zone for this analysis. 5. Bullish Outlook: The chart implies a potential bullish movement, with the price targeting higher zones if it breaks above the resistance level. Traders should watch for confirmation of the breakout and consider stop-loss levels below the support zone to manage risk.
Short
by Forex_Vip_Signals
GBPJPY Trade Idea 2The last 2 weeks(19th to now. We had gains come back down. In the Monthly tf, it became a wick. Either way, I got my weekly/Daily take profit levels. On the 4HR, I'm looking for entry levels to sell( I will still need further break of structure to the downside. On the 1HR, I'm looking to take some buys to my daily target level of 197.526 or my 4HR target level of 196.060. BUT first I I would need further break of structure to the upside. To increase my Win rate I have to stick to my rules.
by ApxnLiving
1
GBPJPY - Will the pound continue to grow?!The GBPJPY currency pair is above the EMA200 and EMA50 in the 4-hour timeframe and is moving in its upward channel. If we continue to move towards the supply zone, we can sell with an appropriate risk reward. The downward correction of this currency pair towards the demand zone will provide us with the next buying position. The mortgage approval statistics for the UK in November indicate that the number of approved mortgages has reached 65.7K, which is below the forecast of 68.7K and the previous figure of 68.3K. Additionally, net consumer credit dropped to £0.9 billion, falling short of the £1.2 billion estimate. Net mortgage lending also declined to £2.5 billion, below the forecast of £3.2 billion and the previous figure of £3.4 billion. The annual consumer credit rate also fell, reaching 6.6%. On Sunday, Elon Musk stated that Nigel Farage should step down from leading the UK’s right-wing Reform Party. Musk wrote on his social platform, X, “The Reform Party needs a new leader. Farage lacks the necessary ability.” This statement came despite Musk having appeared to support Farage previously, even taking a photo with him last month. Media outlets had speculated that Musk, a close ally of Donald Trump, the U.S.President-elect, might provide significant financial support to the Reform Party to challenge the UK’s Labour and Conservative parties. Mitsubishi UFJ Financial Group has expressed a bearish outlook on the British pound, pointing to potential rate cuts by the Bank of England as a key factor. The group stated that market pricing for the Bank of England’s rate reductions this year is overly conservative. They anticipate that the Bank of England will implement further cuts, which would likely weaken the pound against other currencies, particularly non-dollar ones. Additionally, with the U.S. dollar showing further signs of weakening, the pound is expected to remain under pressure. The financial group also highlighted rising energy prices as a vulnerability for the UK, particularly in light of Ukraine’s refusal to extend its natural gas transit agreement with Russia to Western Europe. The UK’s limited storage capacity exacerbates its susceptibility to market price fluctuations, increasing concerns about a rise in service costs this year. Higher energy prices are expected to negatively impact consumer spending, weaken business confidence, and drive up overall costs. Meanwhile, a recent private survey revealed that Japan’s service sector activity expanded for the second consecutive month in December, driven by strong demand and increased trade activity. According to the survey conducted by S&P Global Market Intelligence, the final services PMI rose from 50.5 in November to 50.9 in December. While this was lower than the preliminary estimate of 51.4, it remained above the 50.0 threshold for the second consecutive month, signaling economic expansion. The Bank of Japan Governor, Mr. Ueda, recently stated: • There is a possibility of raising interest rates if the economic recovery continues. • The timing of adjustments will depend on economic conditions and inflation trends. • He hopes for balanced growth in wages and prices. • Wage increases remain a critical factor. • The cycle of rising wages, economic recovery, and increased consumption gradually reinforced each other throughout the past year.
Short
by Ali_PSND
GBP/JPY "The Guppy" Forex Market Heist Plan on Bearish🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the GBP/JPY "The Guppy" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 👀 So Be wealthy and safe trade.💪🏆🎉 Entry 📉 : You can enter a Bearish trade at any point. however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high level should be in retest. Stop Loss 🛑: Using the 3h period, the recent / nearest high level. Goal 🎯: 193.000 (OR) Before escape in the bank Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release. Fundamental Outlook 📰🗞️ Considering these factors, the GBP/JPY pair may experience a Bearish trend in the short-term, driven by: The UK's slow economic growth and low interest rates. The Japanese economy's moderate growth and ultra-loose monetary policy. The yield differential, which could be reduced by the BoJ's policies. Bearish Factors: The UK's slow economic growth and low interest rates. The Japanese economy's moderate growth and ultra-loose monetary policy. The yield differential, which could be reduced by the BoJ's policies. The potential for a decline in the UK's trade balance surplus. The BoJ's potential to increase its monetary stimulus, which could weaken the yen. Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
Short
by Thief_Trader
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
Long
by ForexMasters2000
GBPJPY - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast: (Daily Time-frame) While the price is below the resistance 199.79, resumption of downtrend is expected. Technical analysis: The descending flag taking shape suggests we will soon see another leg lower. Trading suggestion: Price rejected from Trend Hunter Sell Zone (198.42 to 199.79). We are going to open 8 sell trade based on these Take Profits: Take Profits: 196.00 193.51 191.88 189.47 186.23 182.78 178.41 Short Term forecast: (H4 Time-frame) The Uptrend is broken, and the price is in an impulse wave. Correction wave toward the Sell Zone. Another Downward Impulse wave toward Lower TPs. SL: Above 199.79 __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the 👍 BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! 🙏 Your Support is appreciated! Let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
Short
by ForecastCity
22
GBPJPY Sell/Short SignalGBPJPY looks like a sell on the D1 and has been moving steadily down from the last entry we took. We are looking for a nice slide downward movement with key levels I marked on the chart. Last few patterns that have played out created a double top and a clear indication of an M formation to complete the full double bottom. I would like to see levels 192, 188, and 183 touch for a long term swing trade period, however, you are able to close when you wish to do so. Please be advised to use cautionary risk/reward ratios and what suits you best. If you have any questions, please feel free to message me as I love to answer questions! Thanks! Happy New Years to all! We are officially BACK! ENTRY: 195.284 (can enter in these levels) TP 1 (Day Trade): 192.020 TP 2 (Swing Trade): 188.006 TP 3: (extended swing trade) 183.762 SL: 50 Pips from entry Please message me if you have any questions! Please enjoy your day and be sure to follow our page!
Short
by KingTraderFX
2
GBPJPY Is Very Bearish! Sell! Please, check our technical outlook for GBPJPY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 194.994. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 192.442 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPJPY H4 | Bearish Continuation?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 195.88, which is a pullback resistance close to a 38.2% Fibonacci retracement. Our take profit will be at 193.26, an overlap support level close to a 50% Fibo The stop loss will be at 197.97, an overlap resistance 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.
Short
by FXCM
Potential Short on GBPJPYOANDA:GBPJPY topped out at 199.034 forming a double top with the neckline at around the 195.718 area which happens to fall on a previously broken resistance and later turned support. This area was massively broken through earlier today, if price finds resistance at the neckline and gives a good price action formation, price will likely fall lower. I will target: TP 1 - 193.321 TP 2 - 192.402 TP 3 - 189.174 Do your due diligence, past results does not guarantee future results
Short
by Mbjoey
2
GBP/JPY H4 | Approaching pullback supportGBP/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 195.49 which is a pullback support. Stop loss is at 194.06 which is a level that sits under an overlap support and the 38.2% Fibonacci retracement. Take profit is at 198.81 which is a multi-swing-high-resistance. 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 (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.
Long
by FXCM
Potential bullish rise?GBP/JPY has reacted off the pivot and could rise to the 1st resistance which has been identified as a pullback resistance. Pivot: 195.87 1st Support: 194.72 1st Resistance: 198.66 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
2
GBP/JPY H1 | Potential bullish bounceGBP/JPY is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 197.87 which is an overlap support. Stop loss is at 197.09 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is at 198.81 which is a swing-high resistance. 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 (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.
Long
by FXCM