Swing Type Of SetupGBPJPY has just tapped on a range POI. Screen for entry and hold longer for price to fetch money
GBPJPY trade ideas
Long trade
5min TF entry
Pair GBPJYP
Entry 5min TF
Structure Day/4Hr
Wed 5th Feb 25
11.37 pm GMT
LND to NY Session PM
Entry 190.863
Profit level 191.820 (0.50%)
Stop level 190.574 (0.15%)
RR 3.31
Reason; The Buyside trade idea is based on time, market session transition, and price level (1910.863) on the day/4hr. We assumed we were at an optimised trading Zone (OTZone), confirming upside momentum to balance out buyside liquidity.
4Hr TF Structure
GBPJPY Will Go Higher From Support! Buy!
Take a look at our analysis for GBPJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 190.245.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 193.925 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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gbpjpy buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
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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
GBP/JPY SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
It makes sense for us to go long on GBP/JPY right now from the support line below with the target of 193.736 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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GBPJPY H8 - Long SignalGBPJPY H8
Leading on from yesterdays analysis too, we came into that 190.000 support price before catching bid again, not entirely sure how much mileage this may have, but there is certainly scope for this setup to start filling this void like we mentioned yesterday.
A large 300 point range which offers 5R from support to resistance and 5R from resistance to support.
GBP/JPY Analysis - H1 Prediction for 06/02/2025*GBP/JPY Analysis - H1 Prediction for 06/02/2025*
📉 **Bearish Bias with Possible Retracement**
🔹 **Current Price:** **190.182**
🔹 **Key Resistance Levels:**
- **191.002 - 191.141** (FVG & 0.618 Fib)
- **191.633 - 191.839** (Liquidity & FVG Zone)
🔹 **Market Outlook:**
- **Price may retrace towards 191.002 - 191.141 before potential rejection.**
- **Failure to break above 191.839 keeps the bearish bias valid.**
- **A clean break above 192.471 shifts momentum bullish.**
🔹 **Trade Setup:**
✅ **Sell Zone:** **191.002 - 191.141** (Watch for rejection signals)
✅ **Target:** **190.000 and below**
✅ **Invalidation:** **Sustained breakout above 191.839**
#GBPJPY #ForexAnalysis #SmartMoneyConcepts #PriceAction #FVG #ForexTrader
GBPJPY Sell IdeaThis is 15m chart... look into 3m chart for the price action spotted for the set up. Soon i will be discussing my setup model...
GBPJPY BUY PROJECTION This week has been filled with lots of invalid entries and price not hitting my POI , But this GBPJPY I think is my only understandable set up for this week.
As we can see price is in a demand zone in the daily TF, so am looking for only long till the night falls, just a simple break out , retest to the POI and go long
GBPJPY Bullish Pennant on 1D /W1 timeframeJust wait for JPY wearing out / firm rejection at the support trendline. Worth to enter Long with minimal stopout level near previous higher low. Keep eyes further at breakout above resistance trendline for absolute bull run this year!!
15m Sell Stop Idea...Check 3m for the price action... The price action looks great for a short... kindly screen
GBPJPY 5-2: this pair was already on the short list at the end of last year. Our signal system gave a very strong signal to go short this week. Score of -14 consisting of Cot Data -2, Retail sentiment 0, Seasonality -1, Trend reading -2, GDP -2, Manufacturing PMI 2, Services PMI -2, Retail Sales -2, Inflation -2, Employment Change 0, Unemployment Rate -2, Interest Rates -1. We entered a sell at 190.230
GBPJPY BEST INTRADAY SETUPThis analysis focuses on the GBP/JPY 1-hour chart, highlighting key supply and demand zones.
Resistance Zone (191.600 - 192.000): If price retraces to this level, a rejection could lead to a further drop.
Support Zone (190.200 - 190.400): Price is currently reacting to this area. A break below could trigger a deeper move.
Major Demand Zone (189.500 - 189.700): If the current support fails, price may head toward this strong demand area, potentially providing a long opportunity.
Possible Scenarios:
Bullish Case : If price holds above 190.400 and breaks the 191.600 resistance, we could see an upward push.
Bearish Case : A rejection from 191.600 or a break below 190.200 may lead to a drop toward 189.600.
Stay cautious and watch price action confirmations before entering trades! 🚀
BoE will reduce key rate? Hello All!
📉 Long-Term Trading Idea – Short GBP/JPY 📉
On the daily chart of GBP/JPY, a triangle in wave B of a potential zigzag appears to have formed. A breakout below 189.98 will confirm this pattern and could trigger a long-term decline.
📊 Trade Setup:
🔹 Entry: After a breakout below 189.98
🔹 Target Zone: 172.00–177.00
🔹 Expected Duration: 1–3 months
🔹 Risk/Reward Ratio: 1:10
⚠ Fundamental Catalyst:
Tomorrow, the Bank of England will announce its interest rate decision. If the BOE cuts rates, the difference between the UK and Japan’s interest rates will narrow significantly, potentially fueling the expected downside move.
⚡ Conclusion:
If 189.98 breaks and the BOE lowers rates, we anticipate a strong bearish impulse. Stay tuned for the Bank of England’s decision and be ready for potential short opportunities!
GBP-JPY DAILY ANALYSISGBPJPY, DAILY
Breaking 190.030 with retest on 1 hour timeframe will take the bearish direction to the red lines, step by step with test and reconfirmation of every line,
and breaking the 193.170 will take the bullish direction levels step by step accordingly.
GBPJPY Short Trade IdeaI'm Already in a short on GBPJPY with the following setup:
Entry: 191.592
Stop Loss (SL): 191.930
Take Profit (TP): 190.032
Trade Rationale:
The price action on GBPJPY has shown signs of bearish pressure, suggesting a potential reversal as the pair approaches key resistance levels. This setup is based on technical analysis signals, including a confluence of resistance and a weakening momentum in the GBP versus the JPY. The stop loss is strategically placed just above the resistance area, while the take profit targets a critical support level, offering a favorable risk-to-reward ratio.
Strategy Considerations:
Risk Management: Tight SL placement helps contain potential losses if the market briefly moves against the trade.
Market Monitoring: Look for confirmation signals at the entry point and keep an eye on overall market sentiment, particularly any news impacting GBP or JPY.
This short setup aims to capitalize on a brief correction in GBPJPY, and I'll be closely monitoring price action for any signs of a reversal or increased volatility.
Happy trading!
GBP vs JPY Daily Analysis GBPJPY, DAILY
Breaking 190.030 with test and reconfirmation on 1 hour timeframe will take the bearish direction to the red lines, step by step for every line,
and breaking the 193.170 will take the bullish direction levels step by step accordingly.
Market is still inside the symmetrical triangle in very accurate way.
GBPJPY 4HWaited a while for this one but I closed 90% of my trade, left a runner and moved my Stop Loss to break even.
GBPJPY at Key Support: Potential Rebound AheadOANDA:GBPJPY is approaching a key demand zone, marked by prior price reactions and significant buying pressure. This zone has historically acted as strong support, suggesting the potential for a bullish reaction if buyers step in.
If the price confirms a rejection from this demand zone, I anticipate an upward move toward the 191.450 level, which aligns with a logical retracement level.
Traders should look for bullish confirmation signals, such as bullish engulfing candles or a series of higher lows, to validate potential long positions.
Sell Structure UPDATE!! Keeping the sell side momentum valid, GJ is showing the rejection with in the local range of 30mins timeframe with the doji candle. Certainly can be high probability trade.
GBPJPY Is Nearing An Important Resistance With The Trend!!Hey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 192.500 zone, GBPJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 192.500 support and resistance area.
Trade safe, Joe.
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 GBP/JPY respects strong bullish OB and have 4H fvg about. So I expect it to close the gap.
Entry 191.2
SL 190.8
TP 192.1
