GBPJPY: Detailed Technical Outlook 🇬🇧🇯🇵 Price action analysis for GBPJPY. Important key levels. Potential scenarios. Trading recommendations. ❤️Please, support this video with like and comment!❤️ Long02:26by VasilyTrader116
GbpjpyLook at this guys told you guys it is gonna reverse and it did exactly from the level.Shortby thenoatrader1
GBPJPY Bearish FlagSelling opportunity at breakout of bearish flag at 1 H frame.Shortby noumannaseer1
GBPJPY POSSIBLE SELL OPPORTUNITY A sell opportunity is envisaged from the current market price of 198.241 Price may decline further from that zone.Shortby Cartela1
GBPJPYWell here we see price breaking out the symmetric triangle, aiming 200.712 and 202.431 leave a like, comment tell me what you think?Longby Renang_reignFX2
GBP/JPY: Monitoring Supply Area at 201.900Following the successful attainment of our previous target on GBP/JPY, we are now focusing on identifying the next trading opportunity with this cross pair. Our analysis has pinpointed a significant supply area around the 201.900 level. Currently, the price is undergoing a pullback after a period of strong bearish momentum. This pullback suggests that the supply zone at 201.900 could serve as a pivotal point where the price might resume its downward trajectory. We believe that this area presents a viable opportunity for another bearish leg, aligning with our ongoing bearish outlook for the pair. In anticipation of this potential movement, we are preparing to add a new short position if the price reaches the supply area. To effectively execute this strategy, we are setting a sell limit order at 201.900. This approach will allow us to enter the market at a favorable level and capitalize on the expected continuation of the bearish trend in GBP/JPY. Overall, our strategy is to leverage the identified supply zone to potentially enhance our trading position, aligning with our forecast for further downward movement. Previous Forecast : ✅ Please share your thoughts about GBP/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.Shortby FOREXN1113
GBPJPYif price showed any sign of rejection or retracement at this level I will be bearish for the rest of the day I believe price is over bought for the day, we will wait for for confirmation to sellShortby thenoatrader3
GBPJPY and USDJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.Long06:09by ForexWizard018
Buy AnalysisGBP/JPY Buy Analysis Trade Idea: Sell GBP/JPY Entry: 199.200 1st Take Profit: Up to 202.060 2nd Take Profit: Up to 205.800 Rationale: Technical Analysis: GBP/JPY has faced Support near the 199.850 level, indicating potential for a Upward movement. Bullish Momentum: Recent price action suggests a High from recentlow, supporting a Bullish bias. Long-Term View: This trade reflects a broader bullish outlook on GBP/JPY, considering both technical indicators and market sentiment. Risk Management: Implement a well-defined risk management strategy, including stop-loss orders, to mitigate potential losses in volatile market conditions. Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The analysis provided is for informational purposes only and should not be considered as investment advice.Longby GODOCM4
GBPJPY BUY NOW!!!!!!!!!!GBPJPY bounced from the sell side liquidity with W shape formation and we got a breakout for entry am taking a buy entry right now with sl at 198 area JOIN AND ENJOY Tell us your views.... Longby CAPTAINFX2115
GBPJPY WILL FALL SELLAlways use breakeven after 20 pips Manage SL during news time, intraday trade tp and sl mentioned not a financial advice Shortby ArehmanB1
GBPJPYPlan followed - saw a large engulfing bullish candle on the 1hr - took a buy, but during asian session i didn't want to pay extra for my swaps overnight - took profit - woke up at day break 00:00 but its 4am here in Dubai - Brought in again , got wick out, got in again Longby cassiuskemeticUpdated 0
GBPJPY TRADE UPDATEgbpjpy both entries hit our tp check my earlier analysis entry 1 - 165 pips entry 2 - 123 pipsLongby KaizenOnCharts0
GBPJPY FOREX 7/30/2024GBP/JPY Update: Weekend Analysis: The GBP/JPY trade has progressed according to our expectations. The impulse moves are aligning perfectly with the anticipated patterns following the accumulation phase. Current Status: We are now in Leg 3 of the current structure. The market has been behaving as predicted, and we are approaching our target levels. Action Plan: We are closely monitoring for optimal take-profit opportunities. Next Steps: Continue to watch for potential price action signals and consider adjusting stops or scaling out positions as we approach the target. SHOW SUPPORT BOST COMMENT! Longby spacedevil2
GBPJPY bullish indications GBPJPY is showing bullish sign, RSI is showing bullish divergence.Longby nasirkarime2
GBPJPYFibonacci S3 191.36 S2 194.32 S1 196.15 PP 199.11 R1 202.07 R2 203.90 R3 206.86by TradeCapitalsMV2
GBPJPY🇬🇧🇯🇵 #GBPJPY Analysis 🕓 Time Frame: 4-hour Chart/Close 🔽 Status: Bearish 📆 30/07/2024 Current Market Situation: GBPJPY is poised to continue its bearish trend. The price has temporarily halted around the 197.00 zone, taking a short respite before potentially falling further. The market is anticipating an interest rate hike in Japan, which adds to the bearish sentiment. Key Observations: Market Structure: The price has broken the bullish market structure and confirmed a bearish one, indicating a shift in the global trend. Rising Volatility: Japanese markets are experiencing increased volatility with the Bank of Japan expected to discuss a rate hike this week and consider a plan to halve government bond purchases. Trader Behavior: Traders are reducing their short positions on the yen, signaling confidence in the yen's strengthening. Technical Outlook: Key Level: The focus is on the 197.2 level, which divides the market into two zones. Price consolidation below this level could signal the start of a further bearish rally. Resistance Levels: 197.2 198.75 Support Levels: 195.8 193.8 191.8 Conclusion : Both fundamentally and technically, indicators point towards a further decline in GBPJPY. The actions of the Bank of Japan, particularly the potential rate hike and reduction in government bond purchases, are likely to have a significant impact on the currency pair.Shortby BearKingdomTrading1111
GBPJPY LONGI believe GBPJPY is creating a H&S pattern on the daily time frame. I am expecting the next move up to be the final creation of the right shoulder. My target zone is the 50% retracement from the big move down on the Fib tool. There is JPY news this week so this may be the catalyst that moves the pair to the upside temporarily. Longby BlackSheepFinancial1
Are we going to see a long sell or a longbuy i'm predicting that price will move up to the trendline and from there we can have two possible scenarios, the first being price could break the trendline and we could have a long buy to the nearest resistance at least and the second being price could bounce from the trendline and we could see a long sell coming in to the next support, we can't really tell what price will do so right now we just have to be patient and see what's going to happen in the next few hoursby teganmosi0
Short Idea on GBPJPY Based on Fibonacci(prophetic style) SELL stop orders at 197.204 stop loss at 198.857 target at 196.016, 195.282 and 194.094Shortby ChessCryptoUpdated 4
GBP/JPY Analysis: Strong Reversal and Bearish Setup OpportunityThe GBP/JPY continues its strong reversal from yesterday after reaching the 208.000 area, where a strong weekly supply zone has been present since July 2008. This significant resistance level has prompted the price to retrace. According to the latest Commitment of Traders (COT) report, retail traders and non-commercial participants are still holding long positions, while commercial traders have shifted their positions to bearish over a month ago. This divergence between retail and commercial traders suggests a potential shift in market sentiment. We are looking to capitalize on this reversal by setting up a bearish trade. Monitoring key levels and market conditions closely will be essential in executing this strategy effectively. As the price begins to retrace, identifying optimal entry points for a short position will be crucial in taking advantage of this bearish setup. ✅ Please share your thoughts about GBP/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.Shortby FOREXN1Updated 1113
GBP/JPY May Correct Upwards#trading_idea 💡 💸Pay Attention to #GBPJPY! On the 4H chart, we might see the formation of a Double Bottom pattern. The price is trading close to the MA(20), while the Stochastic indicates a potential continuation of the upward correction. The Bank of Japan is still keeping the market uncertain about tightening monetary policy. Without intervention, the yen cannot continue to strengthen. 🔼 If the price goes above key level 197.743, a rise towards resistance 198.643 or 199.840 is possible. 🔽Overwise the price may slide to support at 196.860 or 195.963. ✔️ Click "👍" if you think the price will rise and "👎" if you think it will slide.Longby sabiotrade5
GBPJPY Important LevelsHello Dear Traders, - Important Levels On the Chart "Horizontal Lines" Based on Gann Square of 9 Works as Support/Resistance. Watch for Price action around those levels - Jinny Gann Grid - Vertical lines works as time lines. Expect Reversal around them. Next Near Resistance:200 Near Support : 199.09 - 198.12 Wish you Best of luckby Magic_xDUpdated 7713