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Gbpjpyanalysis

GBP/JPY Analysis – 1H & Daily TimeframesCurrent Price: ¥188.48 1-Hour (H1) Chart Analysis: 📌 Downtrend in Play – GBP/JPY is trading within a descending trendline (red), showing continuous lower highs and lower lows. 📌 Support Around ¥188.00 – The pair found temporary support near ¥188.00, aligning with the green trendline, indicating potential buying interest at this level. 📌 Resistance at ¥190.00 – The descending trendline and recent price action suggest that ¥190.00 is a key resistance zone. Any upside move could face rejection here. 📌 Indicators: ✔️ Price remains below short-term moving averages, confirming bearish momentum. ✔️ A break above ¥190.00 would be needed to shift momentum toward bullish recovery. ✔️ A breakdown below ¥188.00 could open doors to ¥186.50 or lower. H1 Prediction: 📉 Bearish Scenario: If GBP/JPY fails to break above ¥190.00, expect further downside toward ¥188.00 and possibly ¥186.50. 📈 Bullish Scenario: A break above ¥190.00 could trigger a rally toward ¥192.00, but strong resistance exists at the trendline. Daily (D1) Chart Analysis: 📌 Strong Downtrend Since ¥200.00 – GBP/JPY has been in a bearish structure, consistently rejecting from lower highs. 📌 Bearish Wick Rejection – Recent price action shows a bearish wick, indicating selling pressure at higher levels. 📌 Descending Triangle Formation – The pair is forming a descending triangle, with lower highs and support around ¥185.00 - ¥186.00 (blue horizontal line). 📌 Indicators: ✔️ The trend remains bearish as price trades below key resistance levels and moving averages. ✔️ If ¥185.00 - ¥186.00 support breaks, expect further downside to ¥180.00. ✔️ A bullish reversal is possible only if ¥192.00 is breached. D1 Prediction: 📉 Bearish Scenario: If GBP/JPY continues to reject lower highs, expect ¥186.00 - ¥185.00 to be tested soon. A break below this could send price toward ¥180.00. 📈 Bullish Scenario: A break and close above ¥192.00 would signal a trend shift toward ¥195.00+. Final Outlook: 🚨 Overall Bias: Bearish 🔸 Short-Term (H1): Watching for a retest of ¥190.00 resistance or further downside toward ¥188.00. 🔸 Long-Term (D1): GBP/JPY remains bearish unless it breaks above ¥192.00. 💡 Strategy: ✅ For sellers: Look for rejections at ¥190.00 and target ¥186.00. ✅ For buyers: Wait for a confirmed breakout above ¥192.00 before considering a long position. 📊 GBP/JPY remains in a clear downtrend—until key resistances break, the trend favors the bears! 🚨
Short
by DhandaTheGreat
#GBPJPY 1DAYGBPJPY (4H Timeframe) Analysis Market Structure: The price is currently forming a symmetrical triangle pattern, indicating consolidation and decreasing volatility. This pattern suggests that the market is in indecision, and a breakout in either direction could lead to a strong move. Forecast: A breakout on either side will determine the next direction. Traders should wait for confirmation before entering a position. Key Levels to Watch: - Entry Zone: A buy position can be considered if the price breaks above the upper trendline, while a sell position can be considered if the price breaks below the lower trendline. - Risk Management: - Stop Loss: Placed beyond the breakout level to manage risk. - Take Profit: Target key support or resistance levels based on the breakout direction. Market Sentiment: The symmetrical triangle pattern suggests that momentum is building up, and a strong move is expected after a breakout. Waiting for a clear confirmation will help avoid false signals.
by PIPSFIGHTER
GBPJPY - LongGBPJPY Analysis - LONG 👆 In this Chart GBPJPY H4 Timeframe: By Nii_Billions. ❤️This Chart is for GBPJPY market analysis. ❤️Entry, SL, and Target is based off our Strategy. This chart analysis uses multiple timeframes to analyze the market and to help see the bigger picture on the charts. The strategy uses technical and fundamental factors, and market sentiment to predict a BULLISH trend in GBPJPY, with well-defined entry, stop loss, and take profit levels for risk management. 🟢This idea is purely for educational purposes.🟢 ❤️Please, support our work with like & comment!❤️
Long
by Nii_Billions
2
#GBPJPY 4HGBPJPY (4H Timeframe) Analysis Market Structure: The price is currently testing a key support level, indicating potential buying interest. If the support holds, buyers may step in to push the price higher, leading to a possible bullish move. Forecast: A buy opportunity may arise if the price shows signs of rejection at the support level, confirming that buyers are defending this area. Key Levels to Watch: - Entry Zone: A buy position can be considered if the price holds above the support level and shows bullish confirmation. - Risk Management: - Stop Loss: Placed below the support level to manage risk. - Take Profit: Target higher resistance zones where price may face selling pressure. Market Sentiment: The support level is a key area where buying pressure may increase. Confirmation through bullish price action will provide more confidence in a potential upward move.
Long
by PIPSFIGHTER
GBPJPY an overviewSharing a recent trade on GBPJPY that highlights the effectiveness of support and resistance levels in trading. After analyzing the chart, I identified a strong support zone where price had previously reversed. I entered a buy position near this level, anticipating a bounce. The trade played out as expected, with price moving upward and hitting my target near a resistance zone. I closed the trade with a profit close to 96%. This example underscores the importance of: 1. **Identifying Key Levels**: Support and resistance zones are crucial for planning entries and exits. 2. **Patience and Timing**: Waiting for price to confirm at these levels increases the probability of success. 3. **Risk Management**: Always define your stop-loss and take-profit levels before entering a trade. Sharing this for educational purposes to help traders understand how price action and level-based strategies can be applied effectively. Let me know your thoughts! #TradingView #GBPJPY #SupportResistance #PriceAction #ForexTrading
by The_fx_GreyTrader
GBPJPY AnalysisGBPJPY Analysis and Trade Setup GBP/JPY is currently testing a historically significant resistance level that has repeatedly acted as a barrier to price advancement. Given the strength of this resistance zone, it is reasonable to anticipate a potential rejection or pullback. Historically, such levels often prompt a reversal, particularly after a retest of the structure, which could further confirm the resistance's validity. The likelihood of a rejection at this level is supported by the principles of technical analysis, as repeated tests of a resistance level tend to reinforce its significance. In summary, while the current setup suggests a potential pullback from the resistance level, traders should remain cautious and monitor key technical and fundamental factors,
Short
by sirkamal
9
GBPJPY The Week Ahead 17th Feb 25The GBPJPY price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 193.45, 50 Day Moving Average level. An oversold rally from the current levels and a bearish rejection from the 193.45 level could target the downside support at 193.45 followed by 189.60 and 188.38 levels over the longer timeframe. Alternatively, a confirmed breakout above 193.45 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 195.20 resistance followed by 197.30 levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBP/JPY Market Shift or Liquidity Grab? Here’s What I’m Seeing!Yesterday, we were focused on GBP/JPY selling off after a major support break, but today’s price action is revealing a potential shift in momentum. While the larger structure still suggests a bearish outlook, recent price behavior is showing signs of a liquidity grab before any major move. On the H4 and H1 timeframes, we’re seeing slow but steady higher highs forming after a key support at 191.58 held. This suggests that before any deeper drop, GBP/JPY may need to sweep liquidity above recent highs at 192.50 and 193.18. The price action is creeping upward, with candle closures above key resistance levels—a major sign of potential upside before sellers truly take control. Here’s what I’m watching: 📌 A breakout and liquidity sweep above 193.18 before a possible reversal 📌 Holding above 192.50 could indicate a continued bullish push toward 194.74 📌 If buyers fail and price rejects the highs, we may see a strong downside continuation This is a crucial turning point—will GBP/JPY fake out buyers before dumping, or are we seeing the start of a larger move up?
Long
by BlueOceanFxAcademy
GBP/JPY Breakdown: Massive Short Opportunity or Bear Trap?Overview: GBP/JPY has been a strong focus, and for those following along, we’ve been anticipating short opportunities as the market structure continues to favor downside momentum. Recent price action has set up another potential short entry, aligning with our long-term bearish bias. Weekly Timeframe: Major Rejection & Momentum Shift • Double Top Formation: GBP/JPY formed a classic M pattern around 198.89, rejecting that level twice before reversing. • Break of Key Support: The critical support level at 189.94 has been tested multiple times, acting as a floor before it finally broke last week with strong momentum. • Volume Confirmation: The breakdown occurred with increased volume, signaling real selling pressure and further validating bearish sentiment. Daily Timeframe: Retracement & Liquidity Grab • Impulse Move Lower: After breaking support, GBP/JPY dropped aggressively, marking a fresh lower low. • Pullback to Trap Buyers: The market retraced back up, but this was more than just a normal correction—it was a liquidity grab. • Traders who went short too early had stop losses at key resistance levels, and price wicked up to stop them out before resuming downward. • Instead of a smooth retracement, we saw sharp moves up, which is a telltale sign of liquidity collection before continuation. H1 Timeframe: Entry & Trade Execution • Structure Shift: • Initially, price was making higher highs and higher lows within the pullback phase. • However, we broke that bullish structure, confirming the reversal. • Retest Confirmation: • Price tested the breakdown level, creating a strong entry opportunity for shorts. • Entry Execution: • First Entry: Placed a small short position as price retested. • Second Entry: Increased position size once the breakdown was confirmed with a bearish close. Key Invalidations & Targets ✅ Bearish Scenario (Primary Outlook): • As long as price stays below 192.32, shorts remain valid. • If momentum continues downward, targets include: • First target: 189.94 (previous key support, now resistance). • Next levels: 187.50, then possibly 185.00 if momentum follows through. ❌ Invalidation (Bullish Breakout Scenario): • If GBP/JPY pushes above 192.32, holds, and breaks 192.98, the bearish thesis is invalid. • In that case, we may see a continuation higher, forcing a cut on shorts and a reevaluation of market conditions. • Stop Loss: Set above 192.98 at 193.06 to protect against a breakout reversal. Conclusion: GBP/JPY remains in a high-probability short zone, with technical confirmations aligning on multiple timeframes. If price remains under key levels, we expect further downside, with liquidity already being grabbed from early sellers. However, as always, if price invalidates the setup by reclaiming resistance levels, risk management is key. 📉 Short bias remains intact unless 192.32 is broken and held. 🔹 If you found this breakdown useful, make sure to like, share, and let us know your thoughts. If you see an alternative setup, drop your analysis—always open to different perspectives! 🚀
Short
by BlueOceanFxAcademy
2
GBPJPY Price ActionHello Traders, If you entered during the aggressive selling phase, I hope you managed to capture at least 100 pips! Now, as you can see, the price action has formed a Head & Shoulders pattern. However, I don’t trade patterns blindly—this setup is backed by a fresh 4-hour Supply and Demand zone, which adds more weight to the trade idea. If the price respects this zone, we can expect a drop. But remember, always take small risks and manage your position size wisely. Don’t get greedy—stick to your plan and let the market do its thing. The beauty of trading is that the market repeats itself over and over again. Stay disciplined, trade smart, and happy trading!
Short
by SuvashishFx
2