POSSIBLE SELL OPPORTUNITY ON GBPJPYPrice showing signs of strong momentum. We look for the pullback to take the trade.
GBPJPY trade ideas
GBPJPY DAILY SELL/BUY ZONEGBPJPY remains in a bullish net with a potential upswing, but be mindful of bank of japan currency manipulation which is evident and a character of its monetary policy team. On monthly chart 2007/2008 was significant for yen as they crashed British pounds from 260.465 to as low as 119.958 by April 2009.
the pair remains bullish on monthly chart .
GBP/JPY Analysis – Structure and Potential ScenarioOn this chart, we observe an interesting price dynamic on GBP/JPY, marked by key levels and liquidity zones. Here’s a breakdown of my analysis:
Key Zones and Structure
Supply and Demand Zones:
The blue zones represent historical supply and demand areas where buyers and sellers have shown strong interest.
These levels will be crucial to watch for potential reactions.
Fibonacci Levels:
The 61.8% retracement has been reached, a key area where reversals often occur.
A possible extension towards higher levels is expected if the current structure holds.
Support and Resistance:
The green lines highlight the most relevant support and resistance levels in this market context.
Anticipated Scenario
📈 Bullish Scenario:
If the price holds above the marked support, a bounce is expected, with a potential breakout toward higher resistance zones.
A close above the key level (grey zone) could trigger a significant bullish continuation.
📉 Bearish Scenario:
A clean break below the support zones would likely lead to further downside pressure, potentially targeting lower Fibonacci levels.
Plan of Action
I am closely monitoring:
A bullish confirmation with clear signals on lower timeframes.
Rejections or significant candlesticks around the blue zones.
Reminder: This analysis is based on probabilities and does not constitute financial advice. Always manage your risk!
Tue 31st Dec 2024 GBP/JPY Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/JPY Sell. Enjoy the day all. Cheers. Jim
GBPJPY WEEKLY ON BULLISH NETGBPJPY remains in a bullish net,the weekly structure have a breakout from supply roof and retested multiple times,if the pairs higher ,i will like to see buy impulse into my supply roof
GBPJPY REMAIN IN A BULLISH NETGBPJPY remains in a bullish net with a potential upswing, but be mindful of bank of japan currency manipulation which is evident and a character of its monetary policy team. On monthly chart 2007/2008 was significant for yen as they crashed British pounds from 260.465 to as low as 119.958 by April 2009.
the pair remains bullish on monthly chart .
GBPJPY BUY!!!GJ sentimental is bullish today, and early morning it just grabbed liquidity of the London session low. Now, let's take a long position
We first aim for 1:1 the 1:2 after securing some profits
GBP/JPY Sell Idea - Daily Chart AnalysisThe GBP/JPY pair is showing signs of bearish pressure after reaching a strong resistance zone near 199.037, which aligns with the upper boundary of the rising channel. Price rejection in this area suggests a potential reversal toward the downside.
Fundamental Outlook:
The Japanese Yen is gaining support due to safe-haven flows as global market uncertainty increases. On the other hand, the British Pound faces headwinds due to recent mixed economic data and concerns over the Bank of England's cautious stance on future rate hikes. This divergence in sentiment strengthens the bearish case for GBP/JPY.
Trade Details:
Entry: Near the resistance zone (199.037)
Stop Loss: Above 202.522 to account for any false breakouts
Take Profit: Targeting the support zone around 184.000, aligned with previous demand
This trade idea combines technical rejection at resistance and fundamental factors favoring Yen strength. Risk management is critical to mitigate potential volatility.
197.37 buy for GBPJPY FAILED TO GO 65What’s the standard my trade is it went 63 pips down so it gets a small stoploss
197.51 a buy GBPJPY MEASURED tgt hitYeah, it went 50 pips past the target, which is smack in the middle of the buy zone by zone as an arrow only about 25 pips or 30 pips but it’s worth trying to buy right there with a small stop at floor trader stop you know six pips with a stop in reverse
GBP/JPY LONG MOVEThe bullish move is still on as the instrument is heading for upper weekly levels... Enjoy the retracements as we sharpen for the move in, wait to see strong bulls in H4 and refine in H1, then we take a risk. Thank you.
GBPJPY #GJgpbjpy idea using elliot wave and fib retracement so we will be trading a small retracement then continue with the wave
As of December 30, 2024, the GBP/JPY currency pair is exhibiting a bullish trend, according to Elliott Wave analysis. The short-term Elliott Wave sequence from the low on August 5, 2024, indicates a bullish progression, suggesting the potential for further appreciation.
ActionForex
In this context, the rally from the August 5 low appears to be unfolding as an impulsive wave, characterized by five distinct sub-waves moving in the direction of the prevailing trend. This pattern typically signifies a strong and sustained upward movement.
It's important to note that Elliott Wave analysis is inherently interpretative and can vary among analysts. Therefore, it's advisable to consider multiple perspectives and incorporate other technical and fundamental analyses when making trading decisions.
I WAS Rightplenty of rejections, And a llloooongggg asss wick i knew but moved stop tighter and yeah
GBP/JPY H1 | Potential bullish bounceGBP/JPY is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 197.87 which is an overlap support.
Stop loss is at 197.09 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at 198.81 which is a swing-high resistance.
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Buy trade GBPJPY till we see 65 pip Dow moveBuyin 198.41 not Sellin like last trade Yep, it happens faster the down move, failed to exceed 65 pips
Sellin GBPJPY 198.98 cause tgt hit Zero drawdown Sal going the target was hit to the pit and the written rules say we put a five pitstop blossom on it and reverse the trade. I do this all the time.
gbpjpyThere is a resistance in the 199,000 area in the ascending channel trend on the gbpjpy 4-hour chart. With the break of this resistance, we can see an increase to the upper band of the channel.
GBP-JPY Potential Short! Sell!
Hello,Traders!
GBP-JPY grew up sharply
And the pair is locally
Oversold so after it hits
A horizontal resistance
Of 199.805 we will see
A local bearish correction
Sell!
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GBPJPY SELL PROJECTION GBPJPY is at the highest daily demand zone and I expect price to drop and go short. Price has to break down from the trendline and then retest to the zone Nd go short
GBPJPY Trend Analysis"All Insights are given on Chart"
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Note :
Do your own Research and Trade Wisely Never rely on my opinions.
Good Luck folks
GBPJPY Set To Fall! SELL!
My dear subscribers,
GBPJPY looks like it will make a good move, and here are the details:
The market is trading on 198.39 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 195.23
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
GBPJPYI'm anticipating a potential bullish continuation if the price breaks above the 4-hour resistance zone.
GBPJPY LOOKS BULLISHWe are Bullish since 182 level looking at 199 as our target hopefully it plays out as expected , if not bearish trend will start as soon as it breaks the trend line happy trading
