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GBPJPY trade ideas

GBPJPY SHORT TRADE PLAN (High Probability) ICMARKETS:GBPJPY 🔥 GBPJPY SHORT TRADE PLAN (High Probability) 📍 Scenario 1: Liquidity Grab at 192.00-192.50 ➡ Best Short Entry if Price Spikes & Rejects This Level ✔ Entry: Below 191.80 (only after bearish rejection). ✔ Stop Loss (SL): Above 192.30 (safe from stop hunts). ✔ Take Profit (TP1): 190.50 (first demand zone). ✔ Take Profit (TP2): 189.50 (deeper retracement). ✔ Take Profit (TP3): 188.80 (institutional demand zone). 🎯 Risk-Reward: 1:3 to 1:5 📍 Scenario 2: Break & Close Below 190.80 ➡ If Price Fails to Reach 192.00 and Instead Breaks 190.80, We Short ✔ Entry: Below 190.80 (after H1/H4 candle close below). ✔ Stop Loss (SL): Above 192.30 (keeping it safe). ✔ Take Profit (TP1): 190.00 (first liquidity grab). ✔ Take Profit (TP2): 189.50 (continuation drop). ✔ Take Profit (TP3): 188.80 (deep demand zone). 🎯 Risk-Reward: 1:3+ on clean execution. 🛑 DO NOT Enter Randomly Wait for a strong rejection at 192.00-192.50 OR Wait for a confirmed break below 190.80 🔥 FINAL VERDICT (What I’d Do Personally) 1️⃣ If price spikes to 192.00-192.50 & rejects → I’m shorting 2️⃣ If price breaks below 190.80 & retests → I’m shorting 3️⃣ If price stays in between (191.00-191.80), I do NOTHING.
Short
by jibkhan111
GBP/JPY Sell Trade – Targeting 190.20076Pair: GBP/JPY 💷💴 Direction: Short 🔽 Target: 190.20076 🎯 Time Horizon: By Monday, Jan 20, 22:00 UTC ⏳ The pair has recently tested higher levels and is now showing signs of potential exhaustion. Current market behavior suggests a retracement toward the 190.20076 level, aligning with previous price action dynamics. This trade is time-sensitive and expected to develop by Monday at 22:00 UTC. Market factors, including JPY strength and broader risk sentiment, may contribute to the anticipated movement. Monitoring price action closely for further confirmation of the expected pullback 🔍.
Short
by GlobalHorns
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
GBPJPY - Will the pound continue to weaken?The GBPJPY currency pair is below the EMA200 and EMA50 in the 4-hour timeframe and is moving in its upward channel. If the corrective movement continues towards the supply zone, we can sell with a suitable risk reward. According to the latest Bloomberg survey, the UK government faces significant challenges in restoring investor confidence, as the pound and British bonds continue their downward trend. Following a decline in UK markets early in 2025 due to rising concerns over debt and inflation, about 51% of the 250 participants in last week’s survey predicted the pound would fall to between $1.15 and $1.20 by the end of June. This would mark the currency’s weakest level in over two years. Meanwhile, 45% of participants anticipate greater volatility in the pound, with 10-year UK bond yields expected to rise above 5% this year.Taylor, a member of the Bank of England, emphasized the importance of staying vigilant against potential risks. He suggested that recent data indicate a worsening economic outlook and that interest rates should be reduced promptly to avoid further challenges. In Japan, households expect prices to rise in the coming year. The percentage of households with such expectations increased slightly from 85.6% in the previous survey to 85.7%. However, five-year inflation expectations have seen a slight decline. According to the Bank of Japan, average annual inflation expectations among households stand at 11.5%, based on the latest survey. Goldman Sachs economists predict that the Bank of Japan will raise interest rates next week. The firm also remains optimistic about the yen, expecting any action by the Bank of Japan in January to support the currency. Market pricing suggests that an interest rate hike by the Bank of Japan is almost certain. According to Bloomberg, Kazuo Ueda, Governor of the Bank of Japan, will evaluate the need for a rate hike on Friday. Expectations for an interest rate increase have grown, provided that potential shocks from the early days of Trump’s presidency do not materialize. While other central banks, particularly the Federal Reserve, are focused on rate cuts, the Bank of Japan is moving in the opposite direction, aiming for a gradual return to conventional monetary policies. The Bank of Japan is set to announce its first interest rate decision of 2025 on Friday. During its final meeting in 2024, the bank decided to keep rates unchanged. Governor Ueda stated that more data is needed to justify a rate hike, highlighting concerns about wages and uncertainties surrounding Trump’s economic policies. Since then, new data has shown a significant rise in November inflation, with December inflation pressures also intensifying. Wages also grew in November. Additionally, a summary of opinions from the December meeting indicates that a rate hike could occur sooner than investors anticipate. Given these developments and recent remarks from BoJ officials, investors assign an 80% probability to a 0.25% rate hike. However, the Bank of Japan has a long history of disappointing expectations for rate increases. If Trump adopts an aggressive stance on tariffs in his upcoming speech, the BoJ may once again refrain from raising rates, potentially leading to a decline in the yen. If the Bank of Japan does raise interest rates, the yen is likely to strengthen, but the associated risks are asymmetrical. The negative impact of refraining from a hike could outweigh the positive effect of an increase. Nonetheless, a further decline in the yen might prompt Japanese authorities to intervene to support the currency.
Short
by Ali_PSND
GBP/JPY - reverse for test of EMA on 4H? Play for tmr or Monday- Wedge bottom could be playing out on the GBP/JPY on the 30 Min (also visible on 15 min): - Downtrend is weakening as seen on the 2h chart, bulls are able to make money as well as pullbacks are becoming more significant. There is a slight overextension of the 20EMA on the Daily timeframe and shows the downtrend is becoming slightly climatic. RSI is starting to show divergence on the 15 and 30 min timeframes (although weak signals in my opinion, be really careful with such signals following aggressive downtrends. It shows that selling pressure is weakening but does not mean buyers will be the next ones to step in.) - If wedge bottom is completed, a reversal with clear consecutive bull bars on the 5 and 15 min timeframe could open the door for a scalp at worse or a quick swing until the 4h 20 EMA (around 191.500 at time of writing). Most importantly, this is a low probability trade, we are entering longs after two aggressive tight bear legs. Manage your risk efficiently and scale up if you do not see clear entry points. C+ setup at best. Peace
Long
by Baudoouin
1
If double/triple bottom hold, long GBP/JPY (ambitious target)I've already gone long as you can see from the chart, as I was hopeful the double/triple bottom would hold. Possible target is a little under the 50% retracement of the previous large down move (193.4 ish), or one could try the 38.2% retracement (around 193.0). Stop loss could either be low to protect from volatility and in case of breaking bottom first before retracement (below 188) or tight below the bottom line after asian market opens and spread is less.
Long
by SebFX
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
GBP/JPY Potential Reversal:Smart Money Concepts and Elliott WaveOANDA:GBPJPY Potential Reversal: Smart Money Concepts and Elliott Wave Analysis Analysis: The chart displays the GBP/JPY currency pair on a 4-hour timeframe, with various technical indicators and annotations. The price is currently at 190.118, showing a slight increase of 0.248 (+0.13%). The chart includes several key elements: Price Action and Trend Lines: The price has been moving within a descending channel, indicated by the parallel blue dashed lines. There is a significant support level around 188.088 and resistance around 194.197. Smart Money Concepts (SMC): Multiple Break of Structure (BOS) points are marked, indicating shifts in market structure. Change of Character (ChoCh) points are also noted, suggesting potential reversals. A significant BOS is observed around the 190.118 level, indicating a potential bullish reversal. Elliott Wave Analysis: The chart shows potential wave counts, suggesting the completion of a corrective wave and the beginning of a new impulsive wave. Fibonacci retracement levels are drawn, with key levels at 0.382 (190.92), 0.618 (192.29), and 0.786 (193.30). Volume Profile: The volume profile on the right side of the chart shows high trading activity around the 194.197 level, indicating strong resistance. Buy Strategy: Entry: 190.50 (above the current price to confirm the breakout) Take Profit 1 (TP1): 192.29 (0.618 Fibonacci level) - 179 pips Take Profit 2 (TP2): 194.197 (resistance level) - 370 pips Stop Loss (SL): 189.00 (below the recent low) - 150 pips Sell Strategy: Entry: 189.00 (below the current support level) Take Profit 1 (TP1): 188.088 (support level) - 91 pips Take Profit 2 (TP2): 183.721 (lower support level) - 528 pips Stop Loss (SL): 190.50 (above the recent high) - 150 pips VIP Signal: Buy: 190.50 TP1: 192.29 (179 pips) TP2: 194.197 (370 pips) SL: 189.00 (150 pips) Sell: 189.00 TP1: 188.088 (91 pips) TP2: 183.721 (528 pips) SL: 190.50 (150 pips) This analysis leverages various trading strategies, including Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave, to formulate detailed buy and sell strategies. The identified key levels offer optimal entry and exit points, ensuring a balanced risk-reward ratio for traders.
by Alexgoldhunter