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GBPJPY trade ideas

GBP/JPY Bearish Channel (20.01.2025)The GBP/JPY Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Channel Pattern. This suggests a shift in momentum towards the downside in the coming hours. FX:GBPJPY Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 188.64 2nd Support – 188.00 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Short
by KABHI_TA_TRADING
22
GBPJPY at a Crossroads: The Setup You Can’t Afford to MissWhat’s up, traders! We’re back with an update on GBPJPY as of January 17, 2025. The pound-yen pair continues to keep us on our toes with its range-bound behavior, but we’re breaking down exactly where we believe the market is headed next. In this video, we’re dissecting the levels that are holding strong, the possible upside plays, and the crucial areas where liquidity is likely sitting. From analyzing key weekly and daily levels to pinpointing potential entries on the H1 and H4 timeframes, we’re laying it all out for you. We’ll also review the positions we closed earlier for a combined 2:1 risk-to-reward win and how the market dynamics shifted to create new opportunities. With the weekly candle close approaching, are we setting up for the next big move? Watch the breakdown to find out. If you’re serious about staying ahead in the markets, this is a must-watch. Don’t forget to like, share, and drop a comment below with your questions or pairs you’d like to see analyzed next. Let’s keep winning together!
by BlueOceanFxAcademy
7
GBPJPY Point of importance GBPJPY: Key Levels and Market Structure Analysis We are at a critical juncture in GBPJPY, with multiple technical signals and patterns aligning across timeframes. Here’s a detailed breakdown of the current market environment: Weekly Timeframe • Channel Break: GBPJPY has dipped below the ascending channel that has been valid since January 2023. While the weekly close has not confirmed a full breakdown, this move suggests underlying weakness. • Key Indicators: • RSI: Currently at 45, indicating bearish momentum but not yet oversold. • MACD: Weak bearish crossover, suggesting declining momentum. • CMF: Below zero, pointing to capital outflows. • Support Zones: Should the weakness persist, the next major support could align with the 2020 ascending channel’s lower boundary at 176, a macro target that may take months to materialize. Daily Timeframe • Symmetric Triangle: GBPJPY is trading within a well-defined symmetric triangle. The price is currently respecting the triangle’s support line. • Order Blocks: A minor one-hour order block has been breached, indicating a potential move towards the 190.6–190.8 daily order block, which also aligns with the triangle’s support. • Indicators: The RSI and MACD suggest caution, but the daily structure remains bullish. 4-Hour Timeframe • Falling Wedge: A falling wedge pattern has been identified, with a rejection on January 14th. This pattern typically indicates potential for reversal, but confirmation is required. • Fibonacci Levels: • The price has retraced to the 0.382 Fibonacci level of the larger downtrend move. • Deeper retracements to the 0.786 level (188.455) or even the 100% extension would signal significant bearish intent. • Potential Breakdown: A move below the daily order block at 190.6–190.8 could lead to the next major support levels at 185 and the weekly order block at 181. 1-Hour Timeframe • Trendline Breaks: A minor trendline with limited touches has been broken and retested, followed by a sharp drop. This shows significant intraday weakness. • Market Uncertainty: The price is fluctuating near critical levels, and trading in this range is not advisable until the market provides clarity. Key Observations 1. Risk of Further Downside: Breaking below the daily order block and the symmetric triangle would be a strong bearish signal, aligning with weekly and daily weakness. 2. Upside Potential: A breakout from the 4-hour falling wedge would signal a potential reversal, providing long opportunities. Plan of Action 1. Avoid Trading in Uncertainty: The current zone is filled with conflicting signals and does not offer a clear edge. Patience is critical. 2. Wait for Confirmation: • Bullish Scenario: A confirmed breakout above the falling wedge will warrant long positions targeting 192 and beyond. • Bearish Scenario: A break below the daily order block at 190.6–190.8 could lead to further downside, targeting 188.455 and eventually 185. 3. Stick to the Trend: While the broader trend remains bullish, the current weakness and proximity to critical support levels necessitate caution. Avoid predicting reversals and react to confirmed breakouts. For many, this trade setup may not be immediately apparent, but GBPJPY is currently at a crucial point that demands patience and precision. At this stage, taking trades without confirmation could lead to unnecessary risks. We must hone our discipline and wait for the market to provide clear direction before making any moves. Remember, successful trading is not about acting on impulse but about waiting for the right opportunity to align with our strategy. Stay focused, stay disciplined, and let the market come to you. Final Note The market thrives on buyer-seller dynamics. It’s vital to remain objective and avoid fear-mongering or overreacting to individual moves. Let the market decide its direction and align your strategy accordingly. Clarity and discipline will prevail in such volatile times.
by EliteMarketAnalysis
7
GBPJPY Buy signal on a 5-month bottom.The GBPJPY pair has been trading within a Channel Up since the August 05 2024 bottom and yesterday it made a Higher Low at the bottom of the pattern. This has been a buy opportunity 2/2 times and based on the similarities with the September 11 2024 Low, we can expect the new Bullish Leg to start and peak on the 1.5 Fibonacci extension. Our Target is 204.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
GBPJPY Update: A Short-Term Pullback or a New Opportunity?In this breakdown, we revisit GBPJPY to analyze the recent price action and map out potential trading opportunities. Here’s what we’re seeing: 📊 Key Highlights: • Range-Bound Market: GBPJPY continues to play within a range, oscillating between the 198.00 and 189.90 levels, with liquidity being swept on both ends. • Volume Surge: Recent spikes in volume suggest that the market may soon make a decisive move, but we’re waiting for the market to show its hand. • Short-Term Longs: Took advantage of a pullback and entered a buy position at 190.96, currently 56 pips in profit. Stops are now at break-even, and we’re closely watching the 192.90-193.90 zone for potential reversals. • Next Steps: Monitoring for rejections in fair value gaps and signs of bearish continuation. A strong rejection around the marked zones will signal the next shorting opportunity. While the pair remains range-bound, the liquidity sweep and volume patterns indicate potential for short-term longs and eventual shorts. With the market gearing up for volatility, this is a great time to stay vigilant and take calculated moves. The liquidity surge and upcoming economic events—especially with political changes on the horizon—make this a unique time to capitalize on currency volatility. Are you ready for what’s next? Join the discussion, share your thoughts in the comments, and don’t miss out on this detailed breakdown of GBPJPY. Let’s trade smarter in 2025!
Long
by BlueOceanFxAcademy
13
GBPJPY DOUBLE BOTOM BUY TREND If GBPJPY forms a double bottom 🔄 and touches the neckline at 193.00, it confirms a bullish reversal pattern 📈. Enter the trade at 193.00, with a first target 🎯 of 195.00 and a second target 🎯 of 198.00. Place your stop loss 🚫 at the candle that breaks below the neckline (193.00) to manage risk. The double bottom indicates strong buying momentum 💪 and a potential for a sustained uptrend 🚀. 💡 Pro Tip: Always follow your trading plan 📋 and stay disciplined. Like ❤️, share 🔄, and follow for more updates! #DoubleBottom #GBPJPY #ForexTrading #TradingSignals
Long
by ExpertTrader041
3
GBPJPY is Holding above the Support , 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
Long
by ForexMasters2000
3
GBPJPY at Support – Bullish Bounce ExpectedGBPJPY is trading within a key demand zone, marked by historical price reactions and strong buying pressure. The recent bearish momentum has brought the price into this critical support zone. Given the strength of this demand area, there is a high probability of a bullish rebound if price action confirms rejection (e.g., bullish engulfing candles or long lower wicks signaling buying interest). I anticipate a bullish move toward the 192.66 level, which represents a logical target for this setup. This setup aligns with the expectation of a short-term recovery within the broader market context.
Long
by DanieIM
4
GBPJPY is testing uptrend channel supportGBPJPY is testing a strong support line in the correction phase, which was formed inside the uptrend forming on the weekly timeframe. False breakout and price consolidation above the line indicates that buyers are trying to defend their limits. Ahead of the CPI report, if it is weak like yesterday's PPI, the currency pair may rise. Scenario: The price consolidation after the false breakdown of the support above 190.6 191.0 will signal that the currency pair is ready to continue the uptrend and may show the price strengthening to 192.9 - 194.8.
Long
by AndeWave
2
GBPJPY: The Big Drop No One ExpectsWhat’s up, traders! Back with another GBPJPY breakdown and update. If you’ve been following my previous videos, you know we’ve been tracking a massive opportunity for a potential drop. This week, the market is playing right into our analysis. 🚀 Quick Highlights: • We caught 90+ pips on a clean long setup after breaking above 191.46, targeting liquidity zones at 192.70 and 192.90. • Now, we’re flipping short after spotting key rejection areas and volume shifts. • We’re targeting major levels at 190.00 and possibly beyond as we wait for the market to show its hand. This setup shows why patience and precision are everything in trading. Watch how I break it down from higher time frames to entry zones, with stops and targets mapped out for both early entries and confirmation re-entries. 📉 The big question: Will GBPJPY break the neckline at 190.00 for a massive sell-off, or will buyers step in? Watch to find out how I’m playing this! Comment below if you want more pair breakdowns or have specific setups you’d like me to analyze. Let’s crush the markets together! 💹
Short
by BlueOceanFxAcademy
1
Trading minute impulseOn the minute timeframe of GBPJPY at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Long
by syomking76418
1