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GBPJPY

GBPJPY Will Go Lower! Short! Take a look at our analysis for GBPJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 191.147. The above observations make me that the market will inevitably achieve 187.678 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
4
GBPUSD H4 | Potential bearish reversal?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 191.88, which is a pullback resistance that aligns with the 50% Fibo retracement. Our take profit will be at 190.36, a multi-siwng low support level. The stop loss will be placed at 193.41, a swing-high 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. 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 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. 70% 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
GJ BuysGj had been consolidating a while and now broke above zone (190.900) and closed on the 1H. This happened at 10..00 am UK time. Upon seeing this I waited for retracement to zone, where I entered 190.900 with sl@190.57(risking 33 pips). TP1: 191.500 TP2: 191.800 * Where has the market moved since I entered my trade? Slight Profit * If I looked at the market now, would I take the same trade? Yes * How do I feel about my trade? Optimistic, taken outside mu usual time lot * What do I like about this trade ? Good entry, solid confirm on both 1h & 4h * What do I dis-like about this trade now? Nothing * On a scale of 1 to 10, where would I rate this Trade now? 7/10 * If I were not in a trade now, would I take the opposite trade ? No
Long
by mrachaw
Overhead pressures for the PoundGBP/JPY looks set to extend its current downturn from the pivot point and drop towards an overlap support at 188.190. Pivot: 191.149 Support: 188.190 Resistance: 193.381 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.
Short
by ICmarkets
GBPJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
GjNEW WEEK NEW POSSIBILITIES This week is strong and yet not so strong, past week we hit our targets for GJ. This week no lie, I am slightly confused. My mental and psychological health are up for question but I understand my duty as a responsible fund manager. 191.00 Strong price of Significance. I've understood from textbook studying with current pattern and candlestick formation we will see a further price drop. We are going from strong bearish momentum, finding balance and about to continue distributing the to the rest of the demand. Getting in right after the open is a bad idea as it will probably hit SL before going through our forecast. Trade Idea: Sell Stop Stop Loss - Entry - 190.500 Take Profit - 188.150 RR - 1:5
Short
by Mhangwane1
GBPJPY SHORT 1100 PIPS READ DESCRIPTIONThe analysis for GBP/JPY (British Pound paired with Japanese Yen) indicates a significant sell zone, characterized by the breaking of previous major support, which has now turned into resistance. The main resistance zone is identified between 190.9 to 191.4, suggesting a strong barrier to further upward movement in the currency pair. Examining the data from big players and investors provides further insight into market sentiment. Over the last two weeks, there have been 81,000 short entries compared to 19,000 long entries, indicating a significant bias towards short positions. This sentiment is reflected in the daily reports, which show 70% shorts and 30% longs. Furthermore, recent data shows 58% sell orders, indicating a prevailing bearish sentiment among traders. Considering technical analysis, the market volatility level of GBP/JPY over the past week is notable, with an Average True Range (ATR) of 1.24 and a total intraday range of 148.62%. This suggests heightened volatility, which can present opportunities for traders to capitalize on price fluctuations. The proposed trade aims to capitalize on the bearish sentiment in GBP/JPY, with a target of 1170.8 pips and a 6.14% profit potential. A stop-loss of 40 pips is set to mitigate potential losses in case the trade moves against expectations. Additionally, four target prices are set to capture potential profits at different levels, providing flexibility in managing the trade. Risk management is emphasized as a crucial aspect of trading, with traders advised to manage their risk effectively to protect their capital. By adhering to proper risk management principles and remaining vigilant for any signs of confusion or uncertainty in the market, traders can navigate the complexities of trading with confidence. In summary, the analysis suggests a strong bearish outlook for GBP/JPY, supported by technical and fundamental factors. Traders are presented with an opportunity to capitalize on this sentiment through a well-defined trading strategy, while also prioritizing risk management to safeguard their investments.
Short
by MOAZAM1133
GBP/JPY: Assessing Market Sentiment for Reversal SignalsGBP/JPY Poised for Reversal Amidst Diverging Correlation with GBP/USD GBP/JPY experienced a robust bullish rally in recent days, surging to the 193.5200 level after the FOMC announcement. However, signs suggest that the pair may be gearing up for a retracement. Interestingly, the correlation between GBP/USD and GBP/JPY appears to be diverging, particularly evident in the H4 timeframe where their movements are typically less correlated. While we anticipate a long setup in GBP/USD, our focus in GBP/JPY is on a potential reversal, possibly indicating a deep correction. Looking ahead, investors will closely monitor the Bank of England (BoE) policy announcements and key US economic indicators, including the weekly Initial Jobless Claims and S&P Global's preliminary Manufacturing and Services PMI data for March. Concurrently, US stock index futures indicate gains ranging between 0.4% and 0.9%, suggesting a positive market sentiment. Absent any unfavorable data surprises, continued risk appetite in the market following the opening of Wall Street could exert additional downward pressure on the USD. With these factors in mind, we are eyeing a reversal scenario in GBP/JPY, anticipating potential downside movement in the pair.
Short
by FOREXN1
4
GBPJPY: Pullback in short term is possible..?Hi Traders! The Trend is absolutely bullish on the daily chart, but at the same time, we are approaching a very important resistance area, so we cannot exclude some pullback in the short term. From a technical point of view, on the daily chart the pair could trigger a Reversal Pattern (3 Drives), but to work correctly the price should not rise too much above the 194 area. The bearish Pattern will start working with the support breakout at 191.32, so you need to have a little patience and wait for some confirmation before taking a short position, better by following the intraday chart. Trade with care Like | Share | Comment
Short
by TheAnonymousBanker
11
GBP/JPY may reach 195-196 from where it can reverseHello traders, GBP/JPY's uptrend shows no signs of slowing down. As we had predicted in the previous idea, price has broken through the 191 level and currently it has crossed 193 as well. The uptrend is being fueled by the ultra-low interest rates in Japan which is weighing negatively on the JPY. That being said, there is a key level at 195.50-196 zone which could offer resistance. Keep in mind that a vast majority of retail traders as shorting GBP/JPY which means price can continue to move up as the market usually moves opposite to what the retail does. We have not taken any short positions in GJ. We are waiting to see whether price reaches the 195.50 level. In case of bearish price action, we will sell GBPJPY@195.50-196 with Stop loss above 197 and TP at 190, 185.
by KaltoireCapital
14
GBP/JPY H4 | Falling to pullback supportGBP/JPY could fall towards a pullback support and potentially bounce off this level to rise towards our take-profit target. Entry: 191.274 Why we like it: There is a pullback support that aligns close to the 38.2% Fibonacci retracement level Stop Loss: 190.056 Why we like it: There is an overlap support that aligns with the 61.8% Fibonacci retracement level Take Profit: 193.531 Why we like it: There is a pullback resistance level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
SHORT USDJPY TP 150 REASONS WHY Interest Rate Differential: The interest rate set by the central bank is a major factor that affects the value of a currency. If the Bank of Japan (BoJ) raises its interest rates or signals an intention to do so, while the Federal Reserve maintains or cuts its rates, the JPY could strengthen against the USD. Currently, the market sentiment is that the BoJ will end its ultra-loose policy stance in April by raising interest rates from negative 0.1% to 0.1%2. Economic Indicators: Economic indicators such as GDP growth, unemployment rate, inflation, and retail sales can influence the value of a currency. If these indicators show a stronger economy in Japan compared to the US, the JPY could appreciate against the USD3. Market Sentiment: Market sentiment can also play a role. If traders anticipate a downturn in the US economy or a rise in the Japanese economy, they might sell USD and buy JPY, leading to a short position on USD/JPY. Geopolitical Events: Geopolitical events and uncertainties can cause investors to move towards safe-haven currencies like the JPY. If there’s increased geopolitical tension or economic uncertainty, the JPY could strengthen against the USD. Trade Balance: Japan is a major exporter, and a positive trade balance could lead to an appreciation of the JPY. If Japan’s export growth outpaces its imports, creating a trade surplus, the JPY could strengthen against the USD
Short
by NYRUNSGLOBAL