GBP_JPY WILL FALL|SHORT|
✅GBP_JPY is going down
From the horizontal resistance
Level of 192.000 and as we are
Locally bearish biased we
Will be expecting a further
Local move down
SHORT🔥
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GBPJPY.P trade ideas
GBPJPY under pressureThe pound is still under pressure because of fundamental news and datas. A triangle has been formed and I think the pressure should intensify...
SL : 191.76
TP : 109.032
Check the trend It is expected that the price will change the trend in the current resistance range and we will see the beginning of the downward trend.
Otherwise, it will be possible to continue the upward trend up to the specified resistance range, and then expect a trend change.
Crossing the resistance range will invalidate the above scenario
BREAKE OUT AND RETEST OF TRENDLINE.Okay for us to see that the market is going short we saw that prices keeps on failing to break our resistance level so now we wait for it to go to our previous lower low.
GBPJPY - Buy Stop/Sell StopWe will buy at the breakout of the ascending triangle.
I'm taking two trades of 0.5% each. One trade with 1:1.2 RR and the other 1:2.1 RR
The 1:1.2 RR is based on the projection of the ascending triangle and second trade to potential resistance.
I have also taken two short trades and it's because of the strong bearish divergence. If the price breaks the trend line, it should continue to move down to the previous support levels.
GBPJPY | SELLMight look into this trade if we see a 15 min opportunity, the only reason I will think twice is because Im also expecting gold to go down, based on my previous GOLD idea and they do correlate so it makes me over think even though it meets all my criteria...
Lets see how it goes
GBPJPY , the trend is set fro long buy,Looking at the currently weekly order flow we have price headed to levels or prices that i high i will consider holding for more buys until 1000 pips , to level 202.062
Bulls or Bears?Patience is key here. Will price break above DH 192.050? Or 189.600? Price is having a hard time breaking above 192.050. Wait for confirmation before entry.
I'm bullish on GBPJPYPrice continues to make higher lows and trade higher. Expecting price to make its way towards premium price area. Going to start looking for entries once price retraces towards FVG or extreme discount.
GBPJPY - SHORT: Trade Recap, 27/08/2024Bias Analysis: Daily minor swing at equilibrium and 4H trading out of Order Block. 1H range was bearish with price at a 1H Order Block well within Optimal Trade Entry.
Entry Criteria: 15M protracted counter to my bias, swept upside liquidity and traded deep within the 1H Order Block before an engulfing candle printed.
Grade: High Quality Valid
What I did well or could do better:
- Exercised patience after the first 15M TBL sweep and reversal print as we had a shallow mitigation of the order block with a 1-sided fair value gap resting below.
- Observed the full picture and made a process based decision to enter, full accepting the risk.
- I could've been more mindful of inputting the correct data into my position size calculator as the position was too small.
Analysis by the Mallicast team on the GBP/JPY currency pairThe British Pound to Japanese Yen (GBP/JPY) shows a very attractive position on the monthly timeframe in the last days of August. According to the Mallicast team’s analysis, the monthly candle indicates potential for further upward movement, with a target price projected at 215.868.
Analysis by the Mallicast team on the GBP/JPY currency pairThe British Pound to Japanese Yen (GBP/JPY) shows a very attractive position on the monthly timeframe in the last days of August. According to the Mallicast team’s analysis, the monthly candle indicates potential for further upward movement, with a target price projected at 215.868.
GBP/JPY Could be About to Soar by 290 pipsGBP/JPY is stuck in an ascending triangle pattern that has been forming over the last 11 days, beginning on Thursday, August 15. The pattern is defined by a horizontal resistance line at the 192.03 level and an upward-sloping trend line. The price has been rejected at the 192.03 resistance level on multiple occasions, increasing the importance of this level. A breakout above 192.03 could lift the price by 1.5%, equivalent to 290 pips. This price target is derived from the height of the ascending triangle pattern.
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GBPJPY: Bearish Continuation
Balance of buyers and sellers on the GBPJPY pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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Footprint .Pure price action . support and resistance ,candlestick patterns ,Exponential moving average to confirm support and resistance levels . Sthochastic
GBPJPY trading long for this weekGBPJPY has been consolidating since Thursday August 15
Price has been consolidating in an upwards direction which shows signs of buying power
Daily correction up continuationDaily is in a holding pattern ascending triangle looking to break out to the upside for further correction up to target areas.
GBPJPY Confirmed long-term buy opportunity.The GBPJPY pair has recovered the late July sell-off and inserted again back within the 2-year Channel Up and even closed the last 2 weeks above the 1W MA50 (blue trend-line). The latter technically confirmed the bottom and the start of the new Bullish Leg.
The first Bullish Leg of the Channel Up reached the 2.0 Fibonacci extension, the second aimed even higher, so our 218.00 Target towards the peak of the Sine Wave appears to technically be a modest long-term Target.
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GBPJPY short_ 2 setupsGBPJPY closed from the bottom of the channel and it seems that not having strong buyers for going up. Two setups with win rate 1 and 2 could be possible.
GBPJPY Updated Hello traders,
In this idea, I'm sharing my analysis and position on GBPJPY.
Weekly Chart: I've drawn a Fibonacci channel, and the price has recently bounced off the 38.2% level. I anticipate that the price will retest the middle line of the uptrend channel, around the 193 to 195 range.
Daily Chart: I've identified a bearish cup & handle pattern and set the corresponding targets. However, I'm waiting for confirmation with a break below the support at 183.6 before taking further action.
Feel free to share your thoughts and insights!
GBP/JPY Short-Term Bullish OpportunityThe GBP/JPY pair is showing signs of a potential short-term bullish move from the 189.800 level, as observed on the 1-hour chart. The formation of an ascending triangle pattern indicates a possible breakout, with strong resistance identified at the 192.000 level.
The target for this bullish trade is set at 190.970, aligning with the 0.168 Fibonacci retracement level. A stop-loss is recommended at 189.514, which is positioned just below the current lower low, offering a prudent exit point should the trade move against expectations.
Disclaimer: This analysis is for educational purposes only and is not intended as financial advice. Please ensure you do your own research before trading in any real account.
GBPJPY SMC 15min i support the idea that gbpjpy will go long due to the bounce off the bullish breaker and the fact that we have equal highs above the market place . as far as an entry im going to wait for a retracement to an orderblock of my liking or an fair value gap for now i just watch but my bias has been stated
