GBPJPY strong bearish expectations
GBPJPY CHANNEL pattern visible, price is break zone and here now expecting to see bearish strong push.
SUP zone: 192.100
RES zone: 188.000, 187.100
GBPJPY trade ideas
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. @fxopen
Why GBPJPY is Bullish? Detailed Technicals and fundamentalsGBPJPY has successfully broken out of a falling wedge pattern, signaling a strong bullish momentum ahead. The breakout confirms a potential trend reversal, with buyers stepping in to push the price higher. Currently trading around 191.500, the pair is expected to gain over 500 pips, targeting the 198.500 level. A falling wedge breakout is typically a bullish continuation signal, and with increasing buying pressure, GBPJPY could see a steady upward move in the coming sessions.
From a technical standpoint, this breakout suggests that the pair has overcome a period of consolidation and is now positioned for an extended rally. Key resistance levels ahead will be 193.000 and 195.000 before reaching the 198.500 target. A strong bullish candlestick confirmation above these levels will add more confidence to this setup. Traders should also watch for retests of the breakout zone, as they often provide good entry opportunities before further upside movement.
On the fundamental side, GBPJPY is influenced by Bank of Japan’s (BoJ) ultra-loose monetary policy and the UK’s economic outlook. If the BoJ continues to maintain its dovish stance, the Japanese yen may weaken further, providing additional fuel for GBPJPY's bullish run. Additionally, any positive economic data from the UK, such as strong GDP growth or inflation control, could support further gains. Given the technical breakout and fundamental factors, GBPJPY looks well-positioned for a strong rally toward 198.500 in the near term.
GBP/JPY SELL IDEA (R:R=4.8)I just placed a sell order for GBP/JPY at 191.700. We have a wonderful X BAT that just formed on the 1 HOUR chart.
Please trade with proper risk management, since we have news announcements coming out at 8:15 AM EST today.
ADP Non-Farm Employment Change
Stop Loss: 192.368 (Daily High)
Take Profit: 188.450
Happy Trading!
GBPJPY 05.03.2025~+Slight Miss in UK Serv. PMI , Slight Beat in Japan Serv.PMI
~+Seasonality GBPJPY
- COT
Smart Money Unicorn Setup Breakdown - Lord MEDZ1. Liquidity Sweep (Stop Hunt)
The market started by sweeping liquidity during the London session, taking out the lows formed in the Asian session.
This liquidity grab ensured that weak-handed traders were removed before a true move could be initiated.
2. Break of Structure (BOS)
Following the liquidity sweep, we observed a strong break of structure to the upside, confirming a shift in market direction.
This BOS indicated that Smart Money had absorbed sell-side orders and was now preparing to push price higher.
3. The Breaker Block Confirmation
The price retested a Breaker Block, which acted as a high-probability area for entry.
This breaker aligned with an area of unmitigated orders, confirming institutional interest at this level.
4. Fair Value Gap (FVG) Entry
A clear Fair Value Gap (FVG) was present at the retracement, providing a discounted entry.
The market efficiently filled the imbalance, which served as the optimal entry point for long positions.
5. Expansion & Target Zones
New York Session momentum fueled the expansion move.
The trade was closed at a strong premium, securing a solid Risk/Reward Ratio of 6.29.
Final Notes
✅ Unicorn Setup Complete: Liquidity grab, BOS, Breaker retest, and FVG entry.
✅ Institutional Move Confirmed: Clean structure shift with high-volume expansion.
✅ Precision Execution: Entry aligned with FVG, securing max efficiency.
📈 Lesson: Smart Money Concepts (SMC) provide high-probability setups when all confluences align. This trade was a textbook SMC Unicorn Setup, demonstrating the power of liquidity, structure shifts, and imbalance fills.
Profit Secured: Risk/Reward: 6.29
Execution Level: A+
Lord MEDZ 🔥
GBPJPYGBPJPY is looking very strong .As the pair break through the support come resistance level, currently the price is retesting the broken level and looking very bullish for another leg to the upside.
GBP/JPY Bullish Triangle BreakoutLooking at GBP/JPY 15-minute chart, we've identified a symmetrical triangle formation suggesting continuation of the recent bullish momentum.
Trade Setup:
BUY @ 191.80 (Triangle resistance breakout)
SL: 191.50 (Below triangle support)
TP1: 192.20 (Previous resistance)
TP2: 192.50 (Key psychological level)
Risk:Reward = 1:1.33 (TP1) and 1:2.33 (TP2)
This setup offers a high-probability entry with limited downside. The pair has shown strong buying interest after rebounding from 188.00 area. Watch for a clean break above triangle resistance to confirm entry.
Consider partial profit-taking at TP1 to secure gains while allowing remainder to reach extended target.
GBPJPY DECSEDING CHANNEL TREND 📉 GBP/JPY Trading Analysis – 4H Timeframe 📈
GBP/JPY has been consistently following a descending channel, showing bearish momentum.
The current market price is 188.615, with potential for further movement.
A key entry level is identified at 187.300, aligning with technical support.
The target area is set at 191.100, reflecting potential bullish reversal.
EMA 50 serves as a crucial dynamic resistance in the 4-hour timeframe.
If the price retests 187.300, it could provide a strong buying opportunity.
A break above the descending channel may signal trend reversal.
Risk management is essential, with a stop loss placed below 187.000.
Bullish confirmation will be stronger if candlestick patterns support upward movement.
Market sentiment and fundamentals should also be considered.
A breakout above EMA 50 could confirm a bullish trend shift.
Price action near key resistance levels will determine further movement.
If momentum weakens, consolidation may occur before further upside.
Traders should monitor volume and volatility for confirmation.
Patience and discipline are key for a successful trade execution.
#GBPJPY #ForexTrading #TechnicalAnalysis
Bears Take Control of GBP/JPY! Hi traders!
Bulls tried to break through the upper boundary of the channel and the 192 resistance level… but no luck! ❌ Now, the bears are sharpening their claws and setting their sights on 184-182! 🎯
GJ Wednesday LongsPrognosis for GBP/JPY
We should move into OBE and the FVGs below before capitulation upwards.
CRT does it againCRT is all you need. Turtle soup will pay you millions! thats all you need to know!
uptrendIf the price can consolidate above the support trend line, the upward trend will likely continue.
Bullish outlook on GJ This is my outlook for GJ on the hourly timeframe. Kinda the same view I had as yesterday. We can see price actually broke structure on the hourly now. I will want to see price come down back into this hourly demand zone and look to buy back up to the swing high.
GBP JPY, BUYERS ON THE MOVE, Bullish candle breakthroughs the resistance supporting with a body displacement, I can anticipate that the price make turn and go bullish, as buyers making their move supporting pound and sellers dumping yen,
Confirmation after seeking Internal liquidity (PD ARRAYS) for reversal after hitting external liquidity or buy side liquidity
GBP/JPY Overbought area.. The price is approaching a strong resistance level and the overbought zone. We need to be cautious of a potential false breakout, where many traders have their stop losses. Additionally, the pair has moved more than its daily average. This is a very interesting zone for selling, where we are definitely looking for sell opportunities rather than buys.
Gbpjpy for longPrice is consolidating, price already gave a bullish momentum impression. Wait for break and retest of the resistance zone above and bullish candlestick pattern.
Why I Think GBPJPY Will Continue to Sell...Technical Analysis Hey Rich Friends,
Happy Monday. I think GBPJPY will continue to sell this week. Here is what I am looking at:
- The market is approaching a previous area of support. If it breaks below 188.830, there is a strong chance that it will continue to drop. This is a potential sell-stop entry.
- The stochastic is facing down, the slow line (orange) is on top of the fast line (blue), and both lines have crossed below 20. These are strong bearish confirmations for me.
- There is bearish confluence on higher time frames (4H, D1, W1)
- I will be using a previous high for my stop loss, and previous lows as my TPs.
Make sure you check the news and cross-reference your chart before copying trade ideas from anyone.
Peace and Profits,
Cha
GBPJPY SellGBPJPY had a inverse head and shoulders right should possibly failing due to 15 break of structure to possibly continuing to the downside.
GBP/JPY Sell Setup – Inverse Cup & Handle Pattern Confirmed!### **📉 GBP/JPY Sell Setup – Inverse Cup & Handle Pattern Confirmed! 🚀**
GBP/JPY is forming a **bearish inverse cup & handle pattern**, with **EMA50 confirming the downtrend**, making it a strong sell opportunity.
🔹 **Sell Entry:** **189.100**
🔹 **Stop Loss:** **189.700** (60 pips above entry)
### **📊 Take Profit Targets:**
✅ **TP1:** **188.700** (40 pips profit)
✅ **TP2:** **188.300** (80 pips profit)
✅ **TP3:** **187.900** (120 pips profit)
### **📌 Trade Management:**
✔ **Stick to SL & TP levels** to manage risk.
✔ **Secure profits** as price moves towards TP3.
✔ **Use proper position sizing** for risk management.
🔥 **Execute wisely & trade safely! 🚀📉**
Berish confluence for GBPJPYGBPJPY broke the OB in 15tf and after the lq sweep in 30 min it will retest the swing low and break it. After that wait for a correction up to sell.
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. @fxopen
GBPJPY Sell Setup – Bears Eyeing Exhaustion?Looking to sell around 192 if price rallies to that level.
🔍 Why I’m Watching This Trade: ✅ The primary trend remains bearish. ✅ The rally on the daily chart looks near exhaustion. ✅ Better risk/reward if we sell into rallies rather than at current levels.
⚡ Levels to Watch: 🔹 Resistance: 192 (Bespoke resistance) 🔹 Target 190.97
If sellers step in at 192, we could see a push down to 190.97 Let’s see how this plays out! 🚀
