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GBPJPY trade ideas

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 LONG GBPJPY Approaches Key Daily Order Block with Confluence at Larger Market Structure Trendline GBPJPY has reached a significant Daily order block, which aligns with the larger market structure trendline, presenting a high-confluence area for potential market reactions. Market Structure Analysis • Daily Timeframe: The pair is currently in an intermediate bullish structure, indicating upward momentum remains intact on the higher timeframe. • Lower Timeframes: • On the 4H timeframe, the structure is bearish, with the current down move finding support around the 100% Fibonacci extension—a common target for downward moves in corrective phases. • On the 2H timeframe, we are closely monitoring for a change in structure, specifically a break of a recent high. This would confirm a potential bullish shift, creating an opportunity to align with the larger trend. Trade Plan • Trigger for Entry: Await a clear change of structure on the 2H timeframe, signified by a new high. Once confirmed, look for a higher low (HL) to establish a precise entry point, riding the anticipated move upwards. • Target: If bullish momentum resumes, the next major level is the 198 region, which aligns with key resistance and may determine whether the market consolidates further on the Weekly timeframe or initiates a new trend. Key Considerations • Patience and Reactivity: There is a possibility that the lower timeframe structure does not shift to bullish, in which case we remain out of the market. It’s crucial to remain reactive to price action and avoid predictive biases, ensuring setups meet predefined criteria. • Risk Management: As always, prioritize disciplined risk management and let the market dictate the setup. This approach allows for a structured and disciplined response, increasing the probability of capitalizing on the next significant move in GBPJPY. For more ideas please Like and follow !
Long
by EliteMarketAnalysis
GBP/JPY Technical Analysis: Targeting 500+ Pips GBP/JPY is currently priced at 190.200, with a target price of 185.000, implying a potential gain of 500+ pips. The analysis indicates that the pair is approaching a major trendline, which acts as a strong support level. This suggests the price may reverse or consolidate around this level. A break below the trendline could signal further downside potential, aligning with the bearish target. The 500-pip gain signifies a significant price movement, highlighting the importance of proper risk management. Traders should monitor price action near the trendline for confirmation. The setup reflects a technical pattern where the trendline's strength will likely dictate the next move. This level serves as a critical zone for potential entry or exit decisions. Staying alert to market sentiment and economic events related to GBP and JPY is essential for validation.
Short
by AndrewsMarket-Mastery
WHATS'S FLOWING: GBPJPY ( FLASH SELL) The GBP/JPY pair appears to have experienced a Flash Sell, a sharp and rapid price movement likely triggered by an imbalance in liquidity or a market event. Such movements are common in highly volatile pairs like GBP/JPY, known for its sensitivity to both fundamental and technical catalysts. Observations: 1. Volatility: The flash sell suggests a significant shift in sentiment, potentially driven by risk-off market behavior, geopolitical factors, or unexpected economic news. 2. Key Levels: Price may have tested critical support zones, which could either hold firm or trigger further downward momentum if broken. 3. Market Sentiment: The movement could also be linked to changes in the broader market sentiment, such as shifts in Bank of Japan (BoJ) policies or interest rate expectations from the Bank of England (BoE). Potential Action: • Reassess Risk: If long, consider stop-loss adjustments or risk recalibration. • Monitor Fundamentals: Stay updated on GBP or JPY economic releases and central bank commentary. • Technical Focus: Observe support and resistance zones for signs of recovery or continuation of the downtrend. The pair’s behavior in the next sessions will be critical for determining whether this flash sell marks a temporary pullback or the start of a broader trend reversal.
Education
by moneymagnateash
WHATS'S FLOWING: GBPJPY ( FLASH SELL) The GBP/JPY pair appears to have experienced a Flash Sell, a sharp and rapid price movement likely triggered by an imbalance in liquidity or a market event. Such movements are common in highly volatile pairs like GBP/JPY, known for its sensitivity to both fundamental and technical catalysts. Observations: 1. Volatility: The flash sell suggests a significant shift in sentiment, potentially driven by risk-off market behavior, geopolitical factors, or unexpected economic news. 2. Key Levels: Price may have tested critical support zones, which could either hold firm or trigger further downward momentum if broken. 3. Market Sentiment: The movement could also be linked to changes in the broader market sentiment, such as shifts in Bank of Japan (BoJ) policies or interest rate expectations from the Bank of England (BoE). Potential Action: • Reassess Risk: If long, consider stop-loss adjustments or risk recalibration. • Monitor Fundamentals: Stay updated on GBP or JPY economic releases and central bank commentary. • Technical Focus: Observe support and resistance zones for signs of recovery or continuation of the downtrend. The pair’s behavior in the next sessions will be critical for determining whether this flash sell marks a temporary pullback or the start of a broader trend reversal.
Education
by moneymagnateash
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.
Short
by syomking76418
GBPJPY 1. Basic Structure of the Chart: This is a 4-hour (4H) chart showing the price movements of GBP/JPY. There are two Exponential Moving Averages (EMA) on the chart: The blue line (EMA 50). The yellow line (EMA 200). These EMAs are used to identify the trend direction and momentum of the price. 2. Gartley Pattern (Harmonic Patterns): The chart features a Gartley harmonic pattern, which is formed between the points X, A, B, C, and D. This pattern predicts a potential price reversal at point D, which is highlighted as a potential target zone. 3. Fibonacci Levels: The Fibonacci retracement and extension levels (e.g., 0.739, 0.567, and 0.734) are marked on the chart. These levels help identify possible reversal or continuation zones for the price movement. 4. Potential Price Direction: A red line is drawn, showing the anticipated bearish movement (price decline) toward point D. A green zone is also marked, indicating a target area where traders might take profits if the price moves as expected. The price currently appears to be in a bearish trend, as suggested by the descending triangle pattern and lower highs. 5. Trendlines (Support and Resistance): The chart has two trendlines: Resistance line (upper boundary of the triangle), which limits upward price movement. Support line (lower boundary of the triangle), which holds the price from falling further. The price is consolidating between these lines, and a breakout below the support is likely. 6. EMA Analysis: The price is below both the EMA 50 and EMA 200, signaling a bearish continuation. If the price remains below these EMAs, it indicates that sellers are in control, and the price may decline further. Conclusion: This chart suggests a bearish continuation, with a high probability of the price falling toward point D. Pay close attention to the Fibonacci levels, trendlines, and EMA positions to make informed trading decisions.
Short
by professionalgoldtrader
3
GBPJPY BUY NOW 📊GBP/JPY Analysis Update: 📊 🔄 Setup: Double Bottom Reversal in Progress 📍Current Price: ¥191.149 🎯 Target Zone: ¥193.073 - ¥194.543 🔒 Stop Loss: ¥189.763 The pair has tested the key support zone and is showing signs of a potential reversal. The formation of a double bottom suggests a bullish move is likely toward the target zones. The descending trendline breakout could act as further confirmation for this uptrend. Signal Combination Strategy: Look for bullish confirmation before entry. Enter around ¥191.150 with stop-loss protection at ¥189.763. Follow the secure trade rule: Set to break-even once the price hits ¥192.000 to minimize risk. The Queen Signal highlights reversal zones with high accuracy. Capitalize on potential gains while staying protected. 💼 Trade with Confidence—Enjoy the Ride! 🚀
by FOREXQUEEN_1
GBPJPY Wedge breakdownGBPJPY on a weekly timeframe has attempted to break above 200$ but has been unsuccessful. Last week a bearish engulfish candle has the bears in charge and weekly moving averages are in a downslope (using 9 sma and 20 sma). Goal#1 is for GBPJPY to retest 190$ then break through to 185$. I anticipate large moves as the "bear" trend will be developed. Goal#2 is for GBPJPY to retest support zone at 178$ and then to complete the bear flag breakdown to 171ish. If I am correct, then the risk to reward is about 1:2.5 which is excellent. Once support breaks below $185, then I will be add shorts to my position. I'm currently risking about 30% of margin for this position.
Short
by TickTackTrades
GBP/JPY - The Massive Opportunity Most Traders Will Miss!Welcome to today’s market analysis with Mr. Blue Ocean FX! It’s Sunday, January 12, and while the markets are closed, we’re diving into a detailed look at GBP/JPY and the huge opportunities it presents. Key Highlights: • Starting on the monthly time frame , we’re observing a ranging market , with higher highs and lows suggesting an overall bullish trend. However, signs point to potential lower prices ahead due to key liquidity levels being tested and rejected. • On the weekly time frame, a double-top formation near the 199 area hints at bearish pressure. Key neckline support sits around 190, which, if broken, could open the path to targets at 173 and 163. • Scaling down to the daily and H4 time frames, the market is consolidating, and liquidity sweeps or retests of significant levels could offer high-reward trade setups. We’re also watching for rejection at key resistance levels before potential further downside. • Key Trading Tip: Markets range 75-80% of the time—recognize these opportunities to trade within consolidation zones! Trade Setup: • Watching for lower-high formations or liquidity sweeps to confirm entries. • Stops will be placed above key resistance levels, with potential short-term targets at 190 and longer-term targets at 173 and 163. Stay disciplined: “Don’t chase the falling knife!” Always wait for pullbacks or retests to maximize risk-to-reward. If you found this analysis valuable, don’t forget to like, share, and follow! Comment below with pairs you’d like us to analyze in future videos. Happy trading and see you next time!
Short
by BlueOceanFxAcademy
4
GBPJPY OutlookGBPJPY Yearly bullish with price trading within last year's VA Monthly bullish. looks good now that price has pulled all the way back to last month's VA and POC, ideally warranting an aggressive push north. Weekly price has just cleared yearly AVWAP. moved quite aggressively to the down side here even after the news about the rate cuts came in, this weekly candle's VA is right at the qtr POC and PP so even if price is to fall down it should pull back to it. plan here will be to wait for buyers to step in. maybe it falls down to the LVA below on layout 4.1 and then buyers start to step in. buyers can step in at the current close price of friday as we have already tagged 2024 POC. any long position needs to be calibrated in a way that we book around lay 4.2's POC+VA+pp as there is a high probability of a sharp reaction from there.
Long
by Osiris992
GBPJPY Inflection Point GBPJPY Trade Idea: Assessing Bearish Continuation or Reversal Current Analysis: 1. Trend and Moving Averages: • GBPJPY closed below the 200 SMA on the daily timeframe, indicating bearish momentum. • The pair has also broken below the Ichimoku Base Line on the daily chart, confirming weakness. 2. Key Fibonacci Level: • Price recently wicked to the 0.618 retracement level, a significant point of interest. 3. Volume Profile: • GBPJPY is trading between two High Volume Nodes (HVNs). • The upper HVN is notably larger, suggesting a strong resistance zone above. 4. Ichimoku Analysis: • Price is clearly below the 4H Ichimoku Cloud, supporting the bearish bias. • It has also broken below a 4H bullish order block that formed the recent high a few weeks ago, which is now invalidated. 5. RSI and Momentum: • The 4H RSI is at 25, signaling an oversold condition. However, oversold conditions often lead to further downside if retail traders begin buying prematurely without divergence. 6. Trendlines: • A minor descending trendline is connecting the recent 2H highs, which aligns with the broader bearish structure. 7. Extension Levels: • The price has broken and closed below the 100% extension of the current downward move. Trade Considerations: 1. Risk-Reward Analysis: • Long Position: • Risk: 9% for a potential 12% reward. • Oversold conditions make this a tempting setup, but the downward trend remains intact, and longs would be counter-trend. • Short Position: • Risk: 8% for a potential 21% reward. • The bearish structure and momentum suggest this is the more favorable setup. 2. Position Sizing and Risk Management: • Trend Bias: Bearish. • Total risk is capped at 1% of the account. • Position size calculated to be 12.5% of the account, ensuring the maximum risk is 1% of total equity. Trade Plan: • Short Bias: • Enter short, risking 8% of the position size. • Stop Loss: Above the minor trendline and previous HVN (approximately 8% risk). • Target: Key support levels for a 21% potential gain. • Wait-and-See Approach: • Monitor for a potential breakdown to confirm bearish continuation. • Alternatively, observe for a breakout and lower high (LH) formation, which may signal a reversal opportunity. Conclusion: While GBPJPY is at an inflection point with oversold conditions on the 4H timeframe, the trend remains bearish, and the risk-to-reward ratio favors short positions. Retail traders often buy too early at such levels without confirmation, potentially fueling further downside. Patience is key—wait for a clear breakdown or a breakout with an LH formation before taking action.
by EliteMarketAnalysis
1