GBP/JPY Trend Shifted on H1 Timeframe"All Insights given on Chart"
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Gbpjpyanalysis
GBPJPY, possible outcomes?A quick outlook on GBPJPY . Potential opportunities.
GBPJPY is currently trading at around 191.000 . We are looking at two possible outcomes on this pair. We are still in a downtrend on HTF (Higher Time Frames ). However if we start breaking above 191.500 we could see a reverse happening on the pair.
Scenario 1: SELLS at the break of 190.400 .
We broke 190.400. That would confirm sells and we could continue the downtrend and target previous lows sitting at around 188.000 flat.
Scenario 2: BUYS at the break of 191.500 .
We broke above 191.500 confirming the bullish flag we had on H1 and we could start reversing on GBPJPY . We would be targeting higher levels sitting at 192.500 and higher at 193.300 .
Personal opition:
The direction for now is unclear until we break our mentioned key levels. A safe sell trade could be taken at the break of 190.400. On the other hand a safe buy trade could be taken at the break of 191.500. We are more on the buy side at the time of writing this. Be patient and stay tuned for updates on this pair.
KEY NOTES
- GBPJPY is in a downtrend on HTF however it’s showing signs of a possible reverse.
- Breaks above 191.500 would confirm buys.
- Breaks below 190.400 would confirm the trend continuation and further sells.
Happy trading!
FxPocket
GBPJPY - Short active !!Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action after price filled the imbalance and rejected from bearish OB + institutional big figure 192.000.
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#GBPJPY 4HGBPJPY 4-Hour Analysis
The GBPJPY pair has recently broken above a key trendline on the 4-hour chart, indicating a shift in momentum to the upside. However, to confirm the breakout's validity, it is advisable to wait for the price to retest the trendline, which may now act as a support level, before entering a buy position.
Technical Outlook:
Pattern: Trendline Breakout
Forecast: Bullish (Wait for Support Touch, Then Buy)
Entry Strategy: Buy on a successful retest of the trendline, supported by bullish price action signals.
Traders should watch for confirmation from bullish candlestick patterns, such as a bullish engulfing, or indicators like RSI and MACD showing upward momentum. Place stop-loss orders below the retested trendline to manage risk effectively. Target higher resistance levels for potential gains.
GBPJPY Trendline Breakout , 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 Short Term Sell IdeaH4 - Bearish trend pattern followed by a pullback
Until the two key resistance zones hold my short term view remains bearish here.
GBPJPY - Look for Continuation Short (SWING) 1:6.7!The market is clearly shifting, with bears taking control. We just need to wait for the price to reach the right zone for a continuation toward the nearest demand zone to secure profits.
Let's see how the market reacts to this zone.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
GJ Still Looks BearishWe're looking to SELL again after the correction...
- Still creating LLs and HLs
- Broke and closed below daily TL
- Trading below major QP 190
Possible entry around 190.2-190.5 but only if you see some bearish price action at these levels
Conservative entry would be a break below 189.5
Stop Loss above 190.5
TP1 188.75
TP2 187.5
TP3 185
I will update if trade becomes active...
GBPJPY updatethis pair has formed a valid ascending channel with 3 touches on the below trendline and broke it and now its retesting it we can wait for a rejection and enter a sell position
happy trading peeps
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gbpjpy next moveAs can be seen, a bear flag has also formed. The top of this flag corresponds to the filling of the FVG. In the short term, I expect a further decline to hit the monthly liquidity. After this, I anticipate an upward movement fueled by the momentum from the liquidity grab. At one of the potential liquidity points on the 4H timeframe, there will likely be a break of structure, hopefully forming a new FVG, allowing us to take a significant short position targeting 180,000, where another liquidity grab could occur.
GBPJPY is in the Down TrendHello 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: First target reached 900+ Pips, Now Time Second Entry! Dear traders,
Hope you are doing good, we have an excellent selling opportunity on GJ, our first entry has dropped as explained. We now eying at a possible small buy side correction which will give us enough room to execute a very well balanced selling entry. If you like our work then like and comment our ideas.
Thank you
USDJPY and GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
gbpjpyGBPJPY ( British Pound / Japanese Yen )
Completed Impulse Correction " ABC "
RSI - Divergence
Demand Zone
Fibonacci Level - 78.60%
Break of Structure and Retracement
Bullish Channel as an Corrective Pattern in Short Time Frame
ICT Long Setup GBPJPY👋Hello Traders,
Our 🖥️ AI system detected that there is an H4 or higher timeframe ICT Long setup in
GBPJPY for session trade (a couple of days)
Here is a session trade idea (since it is near support surface, we should use small lot size)
Please refer to the details Stop loss, Buy Zone,open for take profit.
Next Long entry after retracement in any session.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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GBPJPY is in the Down TrendHello 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 Trendline Breakout , 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: UPDATED VIEW 24/10/2024 **GBPJPY UPDATED VIEW BASED ON PREVIOUS ANALYSIS**
Dear Traders,
I hope you are doing well. Based on our previous analysis of GBPJPY, we identified two potential selling opportunities within the market.
However, the bullish sentiment in the DXY currency pair has had a significant impact on JPY, causing it to fall short of its full value within the daily timeframe. As of today, we have observed a potential exhaustion of DXY’s bullish momentum, with four-hour candles indicating a strong bearish pressure. This development presents an opportunity for JPY to rebound, potentially allowing us to secure substantial profits within the market.
Now, let’s focus on the GBPJPY currency pair. The price has extended its bullish trend, although there is a possibility of a reversal from its current position. We recommend implementing appropriate stop-loss orders for any sell entries taken from the current market price. If the initial entry fails, we are confident that the price is likely to reverse from our second entry.
Before making any decisions based on this analysis, it is essential to conduct your own research. This analysis is solely for educational purposes and should not be considered financial advice.
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GBPJPY BuyGBPJPY has bounced off discount zone and broke out of a bullish orderblock.
It's now ranging in an area where there is a lot of buying volume. indicating a potential rise to the next orderblock.
In my opinion you could wait for another pullback to retest the previous bullish orderblock then enter or enter now with a stop loss below the bullish orderblock or discount zone.
The most likely level it could reach would be the equilibrium level if it keeps rising.
GBPJPY TO SELL (GBP Claimant Count Change)Based on the level of resistance, we could see GBPJPY's price to drop as a short. There was claimant count change news for the GBP currency this morning.
Entry: 197.00
Take Profit: 196.5-196.00
GBPJPYGBPJPY . Potential long opportunity.
Yesterday we have called buys during Asian Session . We are now waiting on a clear break of our KL (Key Level) 198.360 for potential buys . We are still extremely bullish on GBPJPY . Our main target now is to break 199.800 which would confirm our continuation buys. BoJ (Bank of Japan) still can’t risk to raise their interest rates aggressively due to the downside risk on their stock market.
KEY NOTES
- GBPJPY has broken below our KL (Key Level) 198.360.
- Targeting 199.800 break for continuation buys.
- BoJ (Bank of Japan) still can’t risk to raise their interest rates aggressively due to the downside risk on their stock market.
Happy trading!
FxPocket
GBPJPY is in the Down TrendHello 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
