GBPJPY price prediction I see this market going up to Daily buyside LQ to take it after it being bearish and selling into daily sellside LQ
GBPJPY trade ideas
Double Top Elliot Wave formation. Look at that nice double top. Looking for this to fill out that 5th waves down.
GBP/JPY short term longNot looks like it has enough power to break current support at 189.8. There is FVG at 191 which might be targeted by big players before breaking current support.
Enter-189.9
SL-189.6
TP-191.0
GBPJPY short term LONGGBPJPY is sitting in a bearish trend but due some sort of correction before continuation to the downside could be upon us.
A buy at this level or just below with a target of 196 would be my trade. This is solely a correction move with further downside movement predicted long term as the DOL is sell-side liquidity at much lower levels.
196 confluence area has a 4H FVG to fill and 0.618 fib level. GBPJPY does move in larger extremes so i wouldn't be surprised if we even hit 197 before the shuffle.
News this week for GBP - inflation data Y/Y and GDP.
The events for the week might correlate to a buy the rumor sell the news sort of move.
DXY is still bullish and has room to continue its move higher, JPY and DXY normally move inverse of each other, so these levels will also need to be watched.
Please do your own research before taking any trades. Your thoughts are welcome.
GBP-JPY Support Ahead! Buy!
Hello,Traders!
GBP-JPY keeps falling down
And the pair is locally oversold
So after the price hits the
Horizontal support level
Of 188.135 we will be
Expecting a local
Bullish correction
Towards the target of 191.500
Buy!
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Gbpjpy buyzone🚨 **Trade Update** 🚨
📊 **Buy Zone Alert**: Watching the **2-hour timeframe** closely! This setup is based on **order blocks, volume analysis**, and previous **supply & demand structure**.
📉 Expecting the current **bearish movement** to push down into the buy zone, which has shown **multiple rejections** since December. Using a **tight stop-loss** due to the higher risk from repeated rejections.
🎯 **Target**: A confirmed 2-hour **order block** with **strong volume** and previous significant rejections.
⚠️ **Heads Up**: There's **red-folder USD news** today, so this trade carries higher risk. Plan to be **tapped in and running at break-even** before the news drops.
Let’s see how it plays out! 💹
👉 Follow for more updates and insights! #ForexTrading #MarketAnalysis #OrderBlocks #RiskManagement
GBP/JPY long from 190.2Approached 0.618 fib level and currently is in the strong bullish order block. Resistances are indicated on the chart.
Enter-190.2
SL-189.9
TP1-190.8. TP2-191.3. TP3-192.2
! REALLY NOT SURE ABOUT THIS ONE ! GBPJPY FALLINGSince there are no indicators except for the RSI, it would seem logical with the current drawdown and divergence for the price to keep falling ;
however there's nothing sure about this, it is just an arrow showing the potential direction,
we'll update if we get more info
Trading minute impulse
On 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.
GBP/JPY Bears in Control: Here’s Why You Can’t Miss This SetupWhat’s going on, everyone? It’s January 16, 2025, and we’re back with an update on GBP/JPY. Let’s dive right into the action.
In this update, we’re reviewing the trade we entered midweek and breaking down why we’re still bearish on the pound versus the yen. We’re seeing lower highs consistently forming on the higher timeframes, and volume suggests that the bears are firmly in control.
While the 190.05 area remains a key level for a potential weekly breakdown, we’ve already locked in 164 pips on our first take profit from the earlier trade. Reentries were strategically placed based on CPI reactions and pullback confirmations.
Targets remain set at 188.93, 188.01, and a possible extension to 187.19 if the momentum holds. With consistent lower lows and lower highs on the H1 and H4 timeframes, this trade is shaping up beautifully for those who stayed disciplined and followed the setup.
This isn’t just about signals—it’s about understanding the why behind the trades and using volume and structure to guide the way.
Want to see the exact setups, volume plays, and key levels? Watch now to catch the breakdown in detail, and don’t miss the live trade results, including a $17,000 GJ win we just closed!
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GBPJPY sellAccording to my research, I think this currency pair is falling and give us a sell position.
GBPJPY BAT PATTERNHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
gbpjpy buy signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GbpJpyi think its going for sell because make double top and tested that point in 15m tf and make a red bearish candle..
Lets see
GBP/JPY H4 | Potential bearish breakoutGBP/JPY is falling towards a potential breakout level and it could drop lower from here.
Sell entry is at 190.19 which is a potential breakout level.
Stop loss is at 191.97 which is a level that sits above an overlap resistance, the 61.8% Fibonacci retracement and beyond a descending trendline.
Take profit is at 188.46 which is a multi-swing-low support that aligns close to the 161.8% Fibonacci extension.
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SELL LIMIT GBPJPY# sell limit GBPJPY @191.231
stoploss @191.693
take prfit 1 pips 100 @190.139
take profit 2 pips 341 @188.109
use peoper risk management , & Goodluck
SELL TREND in GBPJPY market (for more read captions)📉 GBPJPY Price Forecast 📉
GBPJPY has broken out of the ascending channel with strong bearish candles, confirming a downtrend. The price has also broken a strong support level and is expected to retrace to 194.50, where an order block is present.
Once the retracement is complete, the pair is likely to resume its bearish move, targeting lower support levels.
🎯 Technical Target Levels:
194.50: Retracement level and entry zone.
192.10: First support level.
190.70: Next key support after breakdown.
188.50: Final technical target.
📌 Key Highlights:
Ascending channel breakout confirmed.
Retracement to 194.50 expected before continuation.
Strong bearish momentum to drive the price toward targets.
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GBP/JPY Long based on 1D and 4H timeframeGBP/JPY approached rising support on D1 again and reacted to it. Also, it has approached a solid bullish order block on 4H. Looking for a rejection from current level - 191,34. TP1-192,9. TP2-193,6. TP3 195 area
ShortI'm looking to shorts based on HTF structure and I'm just waiting for LTF Structure to realign with the HTF BEARISH structure.
GBPJPYGBP/JPY, commonly known as “The Dragon” in forex trading, represents the exchange rate between the British pound (GBP) and the Japanese yen (JPY). It is a popular currency pair in the forex market, known for its high volatility and wide price swings, offering significant trading opportunities. The GBP/JPY rate is influenced by several factors, including the economic conditions, interest rate decisions, and geopolitical events in both the United Kingdom and Japan. Its movements are also affected by global risk sentiment, as the yen is a safe-haven currency, while the pound is more growth-oriented. Traders often use this pair for both short-term speculation and long-term strategies.
Short-price broke low on 5 min
- filled fvg and broke bearish candle low
- looking to mirror left side and fill the 15 min wick
