GBPJPY.P trade ideas
GBPJPY Bullish caseGBPJPY has been selling since the start of the month after consolidating for few months prior to that but this looks like the start of bullish trend after the bearish trend line is broken(tho not convincingly)
BUY,I STAND CORRECTED!PEPPERSTONE:GBPUSD
Probable Buys on GBPJPY,pending order or orders at the light blue lines,stops right below the Box!
BUYING GBPJPYPound yen failed to break the last low, and broke last high and retesting, partially confirming uptrend move,
am Looking to Buy GBPJPY until further notice
GBPJPY: Important Support Ahead 🇬🇧🇯🇵
GBPJPY has a nice potential to keep falling this week
after a confirmed violation of a support line of a wide
horizontal range on a daily.
With a high probability, the price will reach 181.1 support.
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GBPJPYPlan followed
very easy to see when i fall off track and dont follow my plan, not uploading my trades to tradingview leads to crazy over trading.
i need to learn to live with the fact i will have loss days and the goal is to control how much i lose.
the idea that i have to spend entire week breaking even is something at this stage i should have grown out of.
KEY
1-2 Trades per day
SL set
follow plan
if i lose the first trade, within reason i can take another to break even, but two losses, and chill till another day.
30 min large engulfing candle.
50-60 pip target reached,
moved SL into break even.
daily target reached
GBPJPY H1 | Bullish BounceBased on the H4 chart analysis, we can see that the price has just bounced off our buy entry at 184.55, which is a multi-swing low support.
Our take profit will be at 185.42, which is an overlap esistance level close to 50% Fibo retrtacement
The stop loss will be placed at 183.71, which is a swing low support level.
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GBPJPY 1hr TF Bullish Setup (Weak Low + Double Bottom + -OB)ICMARKETS:GBPJPY looks bullish considering we jump in at the double bottom where market structure will shit (Break of Structure) which is also a weak low, from there we can see the target being just below the negative order block. SL is tight for this setup to minimize risk whereas reward ratio is 6RR.
Short terms buy I am seeking short-term buy opportunities following a price break below the volume profile. This presents the potential for a bullish retracement, leading into longer-term sell positions.
GBPJPY SHORTM
Bearish, price rejected M Res twice at
38.2 Fib Level. EMA resistance
Price currently sitting just above 20 EMA potential support but if broken
once again should see sell off
W
Bearish Continuation, LH,LL printed.
EMA Resistance
D
Bearish engulfing coming of a pullback
to most current lows at 38.2 Daily Fib
along with Strong EMA resistance.
Price is currently at a strong support and physcological level 184.50 area
4hr
Price Doji'ing of key level at 184.50 but this was actually the pullback on 1hr timeframe price breached but cannot close above 10 or 20 Ema which is shown firm resistance.
Setup: I would wait for break below 184.50 with a retest of that level and the wicks
ICMARKETS:GBPJPY
GBPJPY View !!(MaceNews) - Japan's government upgraded its overall economic assessment for the first time in six months, noting consumer spending is supported by wage hikes and temporary income tax credits, but the change in wording is subtle and it continues to say the economy is recovering “moderately.”
GBP/JPY BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
Bullish trend on GBP/JPY, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 192.547.
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GBPJPY swing plan 1. Market Structure:
The chart shows GBP/JPY in a bearish trend, which is apparent from the price's decline over the past few weeks. The price seems to be approaching a potential support zone, as indicated by the horizontal lines. You are likely considering either a potential bounce from this level or a continuation of the bearish trend.
2. Trade Setup:
Buy Plan (Upward Arrow):
You seem to anticipate that the price may first move upward after reaching the current support level.
The first target would likely be the area around 192.83 - 194.86 (marked by the purple resistance zone).
This is likely a retracement or bounce play as the market is oversold on the RSI indicator, with RSI hovering near 38, which may indicate a reversal or pullback to the upside.
Sell Plan (Downward Arrow):
Once the price reaches the resistance zone near 192-194, the sell plan would come into play if the resistance holds.
The second downward arrow indicates a potential major selloff after this resistance, possibly down to the 179.87 level.
This looks like a continuation of the broader bearish trend after a corrective move up.
3. Key Levels:
Support Level: Around 184.83, which appears to be the level where you anticipate a bounce for the buy entry.
Resistance Level: Between 192.83 - 194.86, which is the region where you would look to either take profit on the long position or set up a short trade.
Profit Targets:
Long trade profit target: Around 192-194.
Short trade profit target: Near 181.93 or lower, around 179.87.
4. Indicators:
RSI: The RSI shows an oversold condition, indicating a possible temporary relief rally, supporting the idea of a short-term bounce before continuing the downtrend.
Conclusion:
Your plan seems to involve two potential plays:
Buying around 184.83, aiming for a retracement toward the resistance around 192.83-194.86.
Selling at the resistance level, aiming for a larger bearish move toward 181.93 or even down to 179.87 if the price fails to break through the resistance.
This strategy takes into account both a short-term reversal and the broader bearish trend.
GJ Shorts Rejection off previous zone created trendline, expecting price to continue to 182-183 level.
GBPJPY: Bearish Rally Continues 🇬🇧🇯🇵
GBPJPY has a nice potential to keep falling next week
after a confirmed violation of a support line of a wide
horizontal range on a daily.
With a high probability, the price will reach 181.1 support next week.
❤️Please, support my work with like, thank you!❤️
GBPJPYWeekly is bearish after the rejection of the key level and daily also.
H4 already made an uptrend consolidation and is now on a downtrend.
Trend is your friend.
GBPJPY - Bearish Move Expected After Hitting ResistanceGBPJPY has just touched a red line resistance on the chart and is likely to head downward toward the green line support level. This movement suggests a potential selling opportunity as price might seek support at the lower level. Keep an eye on how the price reacts in this zone for a possible bounce.
Disclaimer: Trading involves risk, and past performance is not indicative of future results. Always conduct your own analysis before making any trading decisions.
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GBPJPY Long IdeaGThe best buy happen below the day's open. If we can displace this middle range after rejecting the night's low, we look for an entry at the pull back into our Change of Character. Place your stops below the overnight low and target the overnight high. entry only valid once we get a pullback into Coc and see our structure shift.
GBPJPY / TRADING UNDER DOWNWARD PRESSURE - 4HGBPJPY / 4H TIME FRAME
HELLO TRADERS
Current Market Analysis:
Trading below the turning level at 188.478 and within a descending channel, indicating a bearish trend.
Downward Conditions:
As long as the price remains below 188.478, the trend suggests a potential decline , If the price continues to trade below 188.478, it may decline towards support levels at 183.218 and 180.212.
Upward Conditions:
A 4-hour candle close above 188.478 would signal a potential shift in momentum , If the price breaks above 188.478 and stabilizes, it could rise towards 191.993 and, further, to 196.534.
TURNING LEVEL : 188.478
GBPJPY Going Down#trading_idea #GBPJPY 💡
#GBPJPY - Downwards Channel
On the 1H chart, the pair is in a descending channel with strong bearish momentum, testing support around 185.15. The price is near the lower Bollinger Band, suggesting oversold conditions, while the MACD remains below the signal line, confirming bearish pressure but with signs of weakening. The Bull Bear Power indicator is negative, indicating sellers' control. Recent bearish candles with upper wicks reflect rejection at higher levels. A break below 185.15 could push the price toward 184.00, while a move above 186.00 may signal a potential reversal.
Possible scenarios:
🔽If the price breaks below 185.15, a further decline toward 184.00 is likely.
🔼Alternatively, a bounce from the current level could push the price towards 186.00 for a potential retest of the upper channel boundary.
😎 🔖 Click "👍" if you think the price will rise and "👎" if you think it will slide back.
GBPJPY → Traders increase short, preparing for a fallFX:GBPJPY is unable to continue the uptrend. The price is breaking the price channel support, and the parabolic curvature can be interpreted as a set of short positions.
The Japanese Yen continues to strengthen. GBP is forming a small correction since the Open of the session, and the Japnese national currency is accelerating northward.
The parabolic curvature that is forming on the chart can be explained as a set or increase of short positions by large players. Such a maneuver indicates a possible strong and prolonged decline in prices. But, the focus is on the sideways range 192 - 189. Despite the fact that the price has left the channel, it is still in the range and the mentioned support restrains the market from falling.
Resistance levels: 190.97, 192, MA-50
Support levels: 189
If the bears manage to break 189 and consolidate below, it will be the reason for the continuation of the decline to the global low. On D1 the price is pushing away from the strong zone and also shows bearish preconditions
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPJPY ;)
Regards R. Linda!
GBPJPY SHORT OPPORTUNITYGBPJPY SHORT OPPORTUNITY.
The downward trend of GBPJPY still works,
and the price try to test the supply zone at 1H chart.
which is also the 0.618 at 1H chart.
Therefore, try to sell GBPJPY around 186.05
SL: 186.75
TP1: 184.9
TP2: 184.05
