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Gbpjpyshort

GBPJPY ANALYSISHere is our overall view on GBPJPY . After GBPJPY has made a pullback down to our PBA 1 (Pullback Area) , we are seeing more upside on the chart. At this moment we are still extremely bullish on GBPJPY. We are anticipating buys if we break above 199.180 . On the other hand, if we break 197.540 we could go back to our PBA 1 and if we break below, we could see even lower lows . As of now there is no clear indication for buys or sells. We are only entering in the trades if following has happened: Scenario 1 : breaks above 199.180 Scenario 2 : breaks below 197.540 We will be patiently waiting on breaks of our mentioned levels and we will post an update accordingly. KEY NOTES - GBPJPY has made a pullback to our PBA 1. - Break below 197.540 would confirm sells down to our PBA 1 around (195.800). - Break above our KL (199.180) would result in higher highs and confirm buys. - No trade opportunity now, breaks should be waited on. Happy trading! FxPocket
by FxPocket
#GBPJPY 4HGBPJPY 4-Hour Analysis The GBPJPY pair has formed a bearish engulfing pattern on the 4-hour chart, signaling a potential reversal and indicating selling pressure in the market. This bearish engulfing area suggests that sellers are gaining control, creating an opportunity for a sell entry. Technical Outlook: - Pattern: Bearish Engulfing Area - Forecast: Bearish (Sell Opportunity) - Entry Strategy: Sell near the bearish engulfing area Traders may consider entering a sell position around the bearish engulfing pattern, targeting lower support levels. Confirming indicators such as RSI showing overbought conditions or MACD reflecting bearish momentum can strengthen the signal, making this a more reliable setup for a short trade.
Short
by PIPSFIGHTER
GBPJPYHello guys TechPips here this is my personal view on gbpjpy market as been bullish on daily and they are beginning to lose momentum or Liquidity since new high as been created so I am expecting a bearish run on daily in this new week we are entering so in my 1hr timeframe I am expecting the bears to break the trend and redirect the trend then I will look for an entry to swing for few days. NOTE : Risk management is Important in trading so kindly apply it if you are join the ride. All action made by you based on your capital is your responsibility so trade with caution and be smart in taking trades.
Short
by Skul_Fx
#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. We appreciate your feedback and support. If you find our work valuable, please consider liking and commenting on our ideas. Additionally, following us will provide us with encouragement and motivation. Best regards, Team SetupsFX_
Short
by Setupsfx_
19
GBPJPY Sell play? GBPJPY Sell zone. SL invalid area line. Good Luck **Forex Analysis Disclaimer** This analysis is intended for informational purposes only and should not be considered investment advice. I utilize technical analysis as the basis for decision-making and do not focus on fundamental analysis. Forex trading involves high risk and can result in losses. It is advisable to conduct your own research and consult with a financial advisor before making any trades. I am not responsible for any losses that may arise from the use of this information.
Short
by Forex_Int
GBPJPY → Trade Analysis | SELL SetupGBPJPY s moving to the upper boundary of the ascending channel. The volatility of the movement has decreased. The price has reached the resistance level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
8
GBPJPYSince we got many questions regarding GBPJPY here is our overall view on it. GBPJPY has been struggling to break an important KL (Key Level) 195.971 . As of now we are trading below that KL. Breaking above it would give us a nice opportunity to enter in buys . However , if we continue to trade below 195.971 , and failing to break it, we could see more downside on the pair. Breaking below 193.990 and 193.290 would give us a nice opportunity to sell , possibly all the way down to the bottom of the range where our PBA 1 is sitting at roughly around 190.000 . As of now there is no clear indication for buys or sells. Be patient and remember, sometimes the best trade is no trade at all. We will be patiently waiting on breaks of our mentioned levels and we will post an update accordingly. KEY NOTES - GBPJPY is trading below an important KL. - Break below 193.990 and 193.290 would confirm sells. - Break above KL (195.971) would result in higher highs and confirm buys. - No trade opportunity now, breaks should be waited on. We would also like to take this chance to thank all of you for your support! Happy trading! FxPocket
by FxPocket
#GBPJPY 1DAYThe GBPJPY (1-Day) chart is displaying an uptrend channel resistance pattern. This occurs when the price is moving within an upward-sloping channel and is currently approaching the resistance level, which has been established by previous highs in the trend. Key Observations: - The price has been consistently making higher highs and higher lows, following a well-defined ascending channel. - The pair is now near the upper boundary (resistance) of the channel, where sellers typically step in. - Multiple rejections from this resistance in the past suggest that the market may respect this level again, providing a potential sell opportunity. Forecast: A sell is anticipated as the price nears the channel resistance, with the expectation that it will reverse or correct lower within the channel. Traders should look for bearish confirmation, such as a reversal candlestick pattern or a break below key moving averages, to confirm the entry. Key Levels: - Resistance: The upper boundary of the channel. - Support: The lower boundary of the channel where price might target during a correction. Risk Management: Place stops above the resistance zone to protect against potential breakouts. Targets can be set near the mid or lower channel boundary.
Short
by PIPSFIGHTER
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
Long
by ForexMasters2000
GBP/JPY Short Setup - 1H TimeframeI'm Looking to short GBP/JPY from the 195.15 resistance level, with a Stop Loss at 196.20 to account for potential spikes above the recent highs. My strategy includes moving the Stop Loss to breakeven (SL to BE) once Take Profit 1 (TP1) at 194.08 is hit to lock in some profits safely. The trade includes multiple Take Profit (TP) levels: Take Profit 1 (TP1): 194.08 – I’ll move my SL to breakeven once this level is hit, reducing risk and locking in the position. Take Profit 2 (TP2): 193.35 Take Profit 3 (TP3): 191.97 This setup allows for a favorable risk-to-reward ratio, especially if the pair respects the resistance level and follows through with a reversal. The Stop Loss is placed to protect against potential bullish continuation if the market breaks the current structure.
Short
by PipShiesty
#GBP/JPY 4HThe GBP/JPY 4-hour chart is showing the formation of a triangle pattern, which is typically a continuation or consolidation pattern. This pattern suggests that the market is experiencing a period of indecision, as buyers and sellers battle for control. In this case, we are seeing lower highs and higher lows converging into the apex of the triangle, indicating that the price is squeezing into a tighter range. Forecast: Sell Given the overall market sentiment and technical analysis, a **bearish breakout** from this triangle pattern is anticipated. If the price breaks below the lower trendline of the triangle, it could signal a strong selling opportunity. Key factors supporting this sell forecast include: 1. Downtrend Continuation: If the previous trend was bearish, a breakout to the downside aligns with the continuation of that trend. 2. Volume: A spike in volume upon the breakout is expected to confirm the sell signal. 3. Key Support Levels: Watch for the price to test and potentially break key support levels after the breakout. It's important to set proper risk management levels, including stop-loss orders just above the upper trendline in case of a false breakout, and to monitor the market for any significant news events that may impact the currency pair.
Short
by PIPSFIGHTER
1