Intraday SELL Level - GBPJPY 197.006A solid intraday level for profit-taking: entry at 197.006, targeting 196.71. Feel free to reach out if you have any questions!Shortby TheAdmin4290
GBPJPY - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast: (Daily Time-frame) While the price is below the resistance 199.79, resumption of downtrend is expected. Technical analysis: The descending flag taking shape suggests we will soon see another leg lower. Trading suggestion: Price rejected from Trend Hunter Sell Zone (198.42 to 199.79). We are going to open 8 sell trade based on these Take Profits: Take Profits: 196.00 193.51 191.88 189.47 186.23 182.78 178.41 Short Term forecast: (H4 Time-frame) The Uptrend is broken, and the price is in an impulse wave. Correction wave toward the Sell Zone. Another Downward Impulse wave toward Lower TPs. SL: Above 199.79 __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the 👍 BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! 🙏 Your Support is appreciated! Let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support TeamShortby ForecastCityUpdated 222238
GBPJPY Potential DownsidesHey Traders, in the coming week we are monitoring GBPJPY for a selling opportunity around 195.700 zone, GBPJPY is trading in a downtrend and currently is in a correction phae in which it is approaching the trend at 195.700 support and resistance area. Trade safe, Joe.Shortby JoeChampion7727
GBPJPY long DXY longLast week was a big week for GBP with interest rate freezing at 4.75%, although 3 members voted to reduce the rate instead of the forecast 1, core inflation has slowed up but still remains too high for now. The labour market proved to be balanced. UK's major issue still lingering is the governments autumn budget which has a lot of data to collect before we see the measure of their changes. Japan is showing high interest rates relative to the norm, but also boasts high economic growth with the annoyance of high labour costs. The move last week after the interest rate announcement will be completely retraced before the next move up. Another factor is the DXY which relative to the JPY moves inversely. DXY since the US election has been bullish and I can see it continuing, last week we saw a correction due to PCE data and now we have a free rein. GBPJPY long with targets of 199, 201, 204 support right now is 196.6, a move direct from here would be extremely bullish and a quick move back to 198-199. If we move lower than 196 invalidates my thesis. Idea is based around DOL at 199, trend continuation with fib 1.618 and FVG at 201. Support was prior news resistance level. This is not financial advice for anyone, its solely my take on predicting the next move for GBPJPY. happy holidaysLongby PLaceUrBetsPleaseUpdated 7
Quick BUY or SELL: GBPJPYI'm looking at these 2, depending on which way it leans to. I Will wait and keep you guys updated. Our Job is to be able to react to the market. (even if these areas are hit I will need one final confirmation.)by ApxnLivingUpdated 4
GBP/JPY Bullish BiasFactors Supporting the Bullish Bias 1. Monetary Policy Divergence (Strong): • The Bank of England (BoE) maintains a relatively hawkish stance with a 4.75% interest rate, while the Bank of Japan (BoJ) continues its ultra-dovish monetary policy. • The significant yield differential between GBP and JPY creates strong support for GBP/JPY, especially as global investors seek higher returns. 2. Economic Growth Advantage (Moderate): • The UK economy is showing resilience with stable GDP growth, strong consumer spending, and a robust labor market. • Japan’s economy remains weak, with GDP forecasts downgraded to ~1.0% for FY2025, largely due to rising import costs and stagnant domestic demand. 3. Inflationary Pressure in the UK (Strong): • Persistent inflation in the UK forces the BoE to maintain restrictive monetary policies, which supports GBP strength. • In contrast, Japan’s inflation is subdued, justifying BoJ’s accommodative stance and limiting JPY strength. 4. Political Stability in the UK (Moderate): • Post-Brexit stabilization enhances the pound’s appeal compared to Japan’s economic policy struggles, but the impact is not overwhelmingly strong. 5. Risk-On Sentiment (Variable): • A bullish GBP/JPY bias is often tied to global risk-on sentiment, where investors prefer higher-yielding currencies like GBP. However, this factor can shift quickly with geopolitical or macroeconomic developments. Factors That Could Weaken the Bullish Bias 1. Risk-Off Sentiment (Weakens Bias): • In periods of heightened geopolitical tension or global economic uncertainty, JPY strengthens as a safe-haven currency. If such conditions arise, they could temporarily cap GBP/JPY gains. 2. Market Overextension (Limits Momentum): • GBP/JPY has already experienced a strong rally in recent months. Markets could see profit-taking or technical corrections, which may slow further bullish momentum. 3. Upcoming Data Risks (Neutral to Weakens Bias): • UK GDP data (January 5, 2025): Any significant downside surprise could weaken GBP temporarily. • Japan inflation (January 6, 2025): A higher-than-expected inflation reading could fuel speculation of BoJ tightening, which would strengthen JPY.Longby GreenhillFin2
GBP/JPYHello friends, happy new year everyone, my first idea for the new year is GBP/JPY model. the market is in a very nice position and I expect the market to come to our breakout zone and react with a bearish candle stick and close in the sell position and I expect the market to fallShortby Avranzeb_Fx6
GBPJPY Sell/Short SignalGBPJPY looks like a sell on the D1 and has been moving steadily down from the last entry we took. We are looking for a nice slide downward movement with key levels I marked on the chart. Last few patterns that have played out created a double top and a clear indication of an M formation to complete the full double bottom. I would like to see levels 192, 188, and 183 touch for a long term swing trade period, however, you are able to close when you wish to do so. Please be advised to use cautionary risk/reward ratios and what suits you best. If you have any questions, please feel free to message me as I love to answer questions! Thanks! Happy New Years to all! We are officially BACK! ENTRY: 195.284 (can enter in these levels) TP 1 (Day Trade): 192.020 TP 2 (Swing Trade): 188.006 TP 3: (extended swing trade) 183.762 SL: 50 Pips from entry Please message me if you have any questions! Please enjoy your day and be sure to follow our page!Shortby KingTraderFX225
194.38 minimum for our favorite GBPJPY YAYep, see the chart the two lines show the anchor point at the top and at the bottom it shows that it went 67 pips downward, which is perfect. Trust me perfect and if you like that idea when you’re taking the family across the country on vacation that family truckster is the thing you want.Shortby Rrtexx881
GBPJPY NEXT MOVE (expecting a mild correction)(30-12-2024)Go through the analysis carefully, and do trade accordingly. Anup Bias (Mid term) Current price- 198.600 "if Price stay below 200.000 then next target is 197.600 and 195.000 and above that 202.000. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.Shortby AnupZiddiUpdated 99221
Shorting GJ from POIBased on my analysis, I anticipate GBP/JPY (GJ) to clear the liquidity at the top before resuming its descent toward my target profit (TP). This expectation aligns with the higher time frame (HTF) structure, which suggests a significant bearish move. To manage risk effectively, I am limiting my exposure to 0.5% of my trading account on this setup. The trade thesis is grounded in the premise that the pair will first attract liquidity above key levels before continuing its larger downward trend.Shortby Romzy_ng1
potentially a bearish pennant forming.Potentially a bearish pennant forming. Awaiting further confirmation before entering. Shortby jordanwells98Updated 1
GBPJPY Is Very Bearish! Sell! Please, check our technical outlook for GBPJPY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 194.994. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 192.442 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProvider113
GBPJPY CHARTThere was a bullish trend after formation of double top pattern and bearish divergence trend reverse and prints LL's. Now going to print LH. There is 2 trade plan either go with sell limit or if want save entry then sell stop at breakdown of last LL.Shortby AlamdarHaider0
A BUY POSITION ON GBPJPY1. 4-Hour Chart Analysis: o Trend Direction: Uptrend o Liquidity Areas: Liquidity around 195.759 (equal low) o Imbalance Zones: Major imbalance between 195.759 and 194.945 o Supply/Demand Zones: Demand zone between 194.945 and 194.132 2. Entry & Exit Plan: o Entry Criteria: Enter at 194.952 o Stop-Loss: 193.976, just below demand zone o Take Profit: 198.956 at the next resistance Longby jkholmes2218
GBPJPY Ideathis pair has formed: 1- a valid ascending trendline 2- double top on h4 timeframe and broke both of them with a big candle that close below the neckline and the last touch of the trendline so we're now waiting for a retest and rejection on the neckline do we enter a short (sell) position Follow us for more Updates and ideasShortby ElieHazim1
GBPJPY trade idea 03/01/2025Todays GBPJPY trade idea, higher timeframes are bearish (monthly and weekly) with Daily soon to turn (4,1 and 30 min bearish also) will wait for it to retest daily zone of interest (top yellow) before taking a sell. First target is lower daily level of interest highlighted in yellow at the bottom, before creating a new lower low.Shortby Thetraderscollective0
GBPJPY H4 | Bearish Continuation?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 195.88, which is a pullback resistance close to a 38.2% Fibonacci retracement. Our take profit will be at 193.26, an overlap support level close to a 50% Fibo The stop loss will be at 197.97, an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Shortby FXCM1
GBPJPY update H1 ANALYSIS (read the caption)TRADING TIDES! GBPJPY, a currency pair of contrasts, is making waves! Current Price: 194.950 we are gonna stand for lon in GBPJPY Target Price: 197.000 because of BULLSIH REVERSAL ALERT! Buy now and ride the wave! Key Fundamental Highlights: BOE's Interest Rate Decisions: Impacting GBP's value Japan's Economic Growth: Influencing JPY's strength Global Trade Tensions: Affecting currency fluctuations Technical Highlights: Trend: Reversal in sight Support: 194.000 Resistance: 197.000 Stay ahead of the curve! Keep a close eye on GBPJPY's price movements and trends. Best wishes Tom 😎 Share your thoughts! What's your outlook on GBPJPY's future?" Longby Tom_Trades_67011
GBP/JPY WANT SELLING ZONE AT 195.10📉 GBP/JPY Update 📉 GBP/JPY has broken its key support level, confirming a bearish trend. The pair is now firmly holding in the bearish zone, with technical targets at: 🎯 191.00 (first target) 🎯 188.00 (second target)Shortby ALBERTGOLDHUNTER9
POSSIBLE SELL OPPORTUNITY ON GBPJPYPrice showing signs of strong momentum. We look for the pullback to take the trade.Shortby MauriceRox1
Potential Short on GBPJPYOANDA:GBPJPY topped out at 199.034 forming a double top with the neckline at around the 195.718 area which happens to fall on a previously broken resistance and later turned support. This area was massively broken through earlier today, if price finds resistance at the neckline and gives a good price action formation, price will likely fall lower. I will target: TP 1 - 193.321 TP 2 - 192.402 TP 3 - 189.174 Do your due diligence, past results does not guarantee future resultsShortby Mbjoey229
GBP/JPY Bullish As the year draws to a close, GBP/JPY presents an exciting opportunity! Here's the setup: 🎯 Targets: TP1: 200.07 TP2: 202.17 TP3: 204.84 🔹 Stop Loss: 196.02 📈 Key Factors Driving This Trade: Strong GBP Fundamentals: Positive UK economic reports are boosting the Pound. JPY Weakness Continues: Dovish signals from the Bank of Japan keep the Yen under pressure. Longby Charts_M7MUpdated 2216