SHORT NOW - GBPJPY - INTRADAY IDEASHORT NOW - This GBPJPY chart is according to M15.
Execute the price at the exact price mentioned, NO FOMO.
🚀Follow, I will drop daily 2-5 Intraday Charts🚀
GBPJPY.P trade ideas
GBP/JPY: Likely to Move HigherHi there,
The support zone of 197.545-197.464 needs to hold, and a higher low must form above it for a possible bullish continuation. The price is in a bullish trend on the daily and weekly timeframes, moving toward the 199.026 area.
Overall the price has low volatility with strong bullish volume; it will require monitoring.
Happy Trading,
K.
Gbpjpy updateThis pair has broken our trendline and got rejected from the resistant zone so now we’re waiting for a rejection from the trendline to enter a sell position on an h4 timeframe
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GBPJPY potential shortShort GBP/JPY at 196.55, I'm anticipating a reversal from this previous support level, with a take-profit target at 194.70.
Technical Overview:
Previous Support as Resistance: The 196.55 level previously acted as support and is now expected to serve as resistance, a common technical pattern where broken support levels become resistance.
Recent Price Action: GBP/JPY has recently approached this level, suggesting a potential reversal.
GBP/JPY ANALYSIS AND THOUGHTSGBP/JPY 15M - This is another pair I have taken some interest in based on the structure its putting out and how its been playing out over the course of the past few days, you will see I have gone ahead and marked out some areas in price.
Price traded into a Supply Zone originally which led price to then break structure to the downside here on the higher timeframes, I have gone ahead and marked that out for you. What we are seeing now is price correcting itself.
Price is currently trading back up to set a new Lower High in what I think is going to be new bearish structure. I have marked out an area of relevance I feel price may trade up and into before trading us lower in the market.
In order for us to deem a valid entry we want to see price trade up, reject well from the zone breaking structure before pulling back initially and continuing to trade us lower in the market.
KEEP BUYING GBPJPY TILL 208.000!!!!!!!!GBPJPY rose over +300pips from my first recent calls on buy now again we have the price taken out the falling wedge pattern with a retest now am in on buy holding till we sweep all liquidity above my goal target is 208.000 using Daily time frame pattern spotted out a double bottom pattern...
GBPJPY wave structure analysis on 15 minute and 4 hour timeframe4H swing is bearish.
M15 swing is bearish => current is pullback.
The current price is in the supply zone of the 15-Minute Timeframe, so we can look for a selling opportunity in this zone.
GBP/JPY Market Analysis for Sunday Night OpenThe GBP/JPY chart shows a recent downtrend followed by a recovery as the price approaches a key resistance zone around 197.90 - 198.00. We can observe some consolidation and a potential reversal pattern, with the price creating higher lows, suggesting possible bullish momentum.
Resistance Zone (197.90 - 198.00): This area has acted as strong resistance recently, and a clear break above could signal continued bullish momentum. If the price breaks and holds above this level, we could see a rally toward higher resistance around 198.20 - 198.50.
Support Levels: Immediate support is around 197.50, and if the price fails to break above resistance, we may see a pullback toward this level. A breakdown below this support could lead the price to test the lower zones at 197.20 and 197.00.
Potential Price Action Scenarios:
Bullish Scenario: A breakout above 198.00 would confirm a bullish continuation, aiming for 198.20 - 198.50.
Bearish Scenario: If sellers take control and the price falls below 197.50, we may see a retest of support levels near 197.20 - 197.00.
Indicators: The MACD is currently positive, showing signs of bullish momentum, but it's essential to watch for any divergence or a possible crossover, which might signal a weakening in buying pressure.
Summary: For the open, I’ll be watching how the price reacts around the 197.90 - 198.00 resistance zone. A strong breakout would favor long positions, while rejection around this area or a break below 197.50 could open opportunities for shorts targeting the lower support levels.
GBPJPY BEARISH FOR 140PIPSEntry Point: Look for an entry around a resistance level on a 4H or daily chart. A retest of broken support could also be an ideal entry area.
Stop Loss and Take Profit: Position a stop loss just above a recent swing high to minimize risk, with a profit target aligned to key support zones that give the potential for a 1,140-pip move.
Trailing Stop: Since this target is large, using a trailing stop can lock in profits while allowing the trade to capitalize on prolonged trends.
Price ActionOur focus is on GBP/JPY daily time frame. I'm look for buy today and also the trend was bullish.
Let's analyze these levels further in depth so that we can achieve maximum gain.
Must put stoploss for your trade.
H4 Buy and Sell ZoneBased on my analysis on GBPJPY H4, here is what I think will works for short scalping; buy zone and sell zone. Possibly one of this zone will get long term movement.
GBPJPYSell signal 📶
Entry 198.88
SL 199.85
TP 195.67
This is a sell signal 📶 for GJ, trade with SL.
Enjoy the trade
GBPJPY - LongGBPJPY Long trade. Trade is active. Targeting the highs of this morning and maybe a bit further into the sell zone that was created last week.
GBPJPY | 06.11.2024SELL 198.800 | STOP 200.00 | TAKE 197.600 | Business activity in key sectors of the British economy is again declining. The pair entered a period of consolidation. We expect a short decline.
Trade idea - GBPJPY Long4H
Corrective approach towards entry zone.
Market moving in Bull Flag formation.
= Confirmation to place Buy limit.
1.5% risk.
Aiming to take full profit at Daily TP.
GBPJPY | Short IdeaI am looking to short GJ from the the yellowish zone, there is also a falling resistance line which will act as a strong selling point from the seller.
The stoploss in the trade will remain at 202.944 and target price is 185.042. This is a 1:4 Risk reward trade
GBP/JPY Analysis: Shorterm BuyThe GBP/JPY pair currently shows a retracement from recent highs, and we can observe key levels of support and resistance based on Fibonacci retracement levels and trend lines.
Trendline Support: A rising trendline from previous lows suggests continued bullish momentum as long as the price respects this trendline. The recent test of this trendline indicates a possible continuation to the upside if buyers maintain control.
Fibonacci Retracement Levels: Key retracement levels are marked:
The 23.6% retracement near 198.97 serves as the first potential resistance area. A break above this level could lead the price towards the next resistance.
38.2% (198.61) and 50% (198.33) levels provide additional zones where the price might face resistance before potentially moving higher.
Key Support Levels:
The 198.00 level acts as a psychological and technical support, with further support down to 197.50.
If the price breaks below these support levels, it may signal a reversal or deeper correction.
Potential Scenarios:
Bullish Scenario: If the price respects the trendline and moves above 198.97, we might see an attempt to test the recent highs around 199.50 - 199.70.
Bearish Scenario: Failure to hold above the trendline and a breakdown below 197.50 could initiate a deeper pullback, possibly targeting support levels around 196.50 or lower.
Conclusion: The bias remains bullish as long as the trendline support holds. However, key resistance levels around 198.97 - 199.50 need to be watched closely, as they could signal either a breakout to new highs or a potential reversal if selling pressure intensifies.
GBPJPY - LongGJ is in an uptrend and market the ABC on the chart pattern, therefore riding towards D.
GBPJPY top-down analysis it is a bullish move but!!!!Major Perspective is on an upward movement
So from the 1M first is on an upward movement and is that the major reversal to a point 179.335 then head back up.
So, I also from the weekly time frame that I saw that is might probably have a liquidation sweep and head back down to 170.000 area
But probably still go up then come down but I just really feel to be a liquidation sweep from the 4 hours we saw that it has gone to a level around an order block and probably come down and from the 1 hour it's making a downward movement kind of!!!!, it is looking juicy for a day trading.
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 this 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 :-)
GBPJPY, a rebound play is in order.GBPJPY, a fave of traders who value volatility recently corrected significantly to 181 range from the highs of 183.
Recent 4H metrics suggests a close fight between bull and bears -- with bulls having a slight edge now from the current range. A new base may have been formed already at this price range with notable net buying activity registered this past couple of days.
The pair is currently bouncing off a 0.5 FIB level, a major order block support.
Expect some attempt to reverse to the upside in the next coming days.
Spotted at 181.30
TAYOR.
Safeguard funds always.
