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GBPJPY

GBP/JPY Exhibits Selling Pressure After Hitting 200.75The GBP/JPY pair is experiencing selling pressure after reaching the 200.75 level. On higher timeframes, the price action reveals a divergence, indicating potential for further downside movement. Having closed our previous positions, we now see another trigger for a possible continuation of the short trend. Our outlook is bearish, anticipating a downward push. Technical Analysis Resistance at 200.75: The recent top around 200.75 has proven to be a strong resistance level, triggering selling pressure. Divergence on Higher Timeframes: The presence of divergence on higher timeframes supports the bearish outlook, suggesting weakening bullish momentum. Trigger for Short Continuation: Current price action indicates another opportunity for a short position, aiming to capitalize on the anticipated bearish push.
by FOREXN1
1
GBPJPY: Inside day, first green day, three days cycleHi 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 Thursday DAY 2 ✅ day 3 cycle 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: primary, potentially weekly dump and pump will be completed, looking for a buy low setup, targeting the HOW, where short traders are still in profit. Short: secondary, inside day can give a reversal trade when it setups up for a 3 session pump and dump, although not my main view for the day, I do not exclude the pump day of yesterday as the beginning of 3 days cycle pump and dump, completing the move on tomorrow. 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
Long
by GianniPichichero
6
GBPJPY is at decision point--------------GBPJPY EITHER WAY-------------- This pair is at decision point at the moment. There are two scenarios, both have 50% change. Now the best thing one can do is to watch the next couple of hours (NFP can be a trigger) how this course will behave. I am waiting for the short opportunity but there is a massive bull trend, so this bullish sentiment can prevail. The best asset a trader can have is patience. This is where most of the traders fail and it is even harder when you are in profit. Take care and trade well! This is not a financial advice, do your own analysis and research.
by Szuperpotyka
Could GBP/JPY reverse from here?Price is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support. Pivot: 199.30 1st Support: 197.45 1st Resistance: 200.69 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 I Potential intraday buy from bottom of the channel Welcome back! Let me know your thoughts in the comments! ** GBPJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
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 - 4hrs ( Sell Trade Target Range 300 PIP ) ☑️Pair Name : GBP/JPY Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ ⚙️ spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🔗 Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— 🛡Bearish Reversal 200.200 Area Reasons - Major Turn level - Visible Range lvn - Counter Trend - Double Top Area - Month High - Day / week low - Fixed Range Lvn - Fibo Golden 🛡Bullish Reversal 196.500 area Reasons - Major Turn level / D - Pattern Target - Fibo Golden Zone - Fixed Poc - Quarter's Area - Trend Area
Short
by GentleGoldenEngine
GBPJPY: First green day, three days cycleHi 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 ✅ day 3 cycle Tuesday DAY 2 Initial Balance Wednesday DAY 3 (reset DAY 1) Mid Point Week 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: primary, possibility to complete the weekly pump and dump, going to stop traders short since the last week Short: secondary, Thursday and Friday rise up creating a potential creepy pumping phase, with chances to reach back the LOW, however, to be in line with the overall move and signal, I prefer to position my self with more size, on the long thesis 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
Long
by GianniPichichero