about GBPJPY my option about gbpjpy there more bulish
but we have small bearish so we can sell at that price
GBPJPY trade ideas
GBP/JPY Approaches Monthly HighGBP/JPY approaches the monthly high (193.48) as it extends the series of higher highs and lows from last week.
GBP/JPY Outlook
The recent recovery in GBP/JPY has pushes the Relative Strength Index (RSI) to its highest level since July, and a break/close above the 192.40 (50% Fibonacci extension) to 193.50 (38.2% Fibonacci extension) region opening up the 195.70 (61.8% Fibonacci extension) to 196.60 (23.6% Fibonacci extension) area.
However, GBP/JPY may mirror the price action from earlier this month and trade within a defined range if it fails to break/close above the 192.40 (50% Fibonacci extension) to 193.50 (38.2% Fibonacci extension) region.
In turn, GBP/JPY may negate the bullish price series if it struggles to hold above 189.00 (38.2% Fibonacci extension), with a move below 186.60 (50% Fibonacci extension) bringing the monthly low (183.72) on the radar.
--- Written by David Song, Strategist at FOREX.com
GBPJPY in the watchlistEVERYTHING ON CHART
please check my pre idea so you can understand better
signals and analsys are free... and always will be
TRADE: BUYING WAITING TO SELL
DURATION: SHORT TO MEDUAM
SCALP: NO SCALPING
GBPJPY Sell PositionTrade Journal Entry
USDCAD Sell
Time Frame:
- Daily (FVG Identification)
- 4-hour (Entry Signal)
---
1. Trend Confirmation:
Identified a Change of Character (COC) on GBPJPY by breaking the previous low at 191.40 indicating a bearish reversal in market sentiment.
2. Fair Value Gap (FVG):
On the daily chart, noted a Fair Value Gap between 193.30 and 195.85. This gap is a potential reversal zone where the price has revisited, providing a trading opportunity for sell position.
3. Entry Signal
On the 4-hour chart, an engulfing bearish candle formed after touching the identified FVG zone. This pattern aligns with the bearish trend and indicates a potential continuation of the downtrend.
4. Trade Execution
Entry Price: 192.30
SL1: 196.20 (above FVG high)
SL2: 193.60 (above last swing high)
TP1: 180.15 (low Aug 2024)
TP2: 162.80 (1.618 Fibonacci)
Risk-Reward Ratio (RRR): 1:3 - 1:21
Monitoring: Check-in daily at 8 AM & 8 PM
5. Outcome:
Exit Price:
Profit/Loss: pips
Summary: The trade is based on a bearish trend confirmed by the break of the previous low, supported by the bearish engulfing pattern within the daily FVG.
---
Linarto Wijaya
Daily GJ UpdatesHello Traders! As we can see the swing trade went great. If you are stalking for a trend reversal this is how I would look for it.
GBPJPY Short - Lower High (LH), Lower Low (LL) Formation with RSSpotted a Short opportunity on GBP/JPY as the pair forms a Lower High (LH) and Lower Low (LL) pattern. RSI indicates resistance, confirming the bearish momentum.
Entry Point: 189.96
Target Price: 187.00
Stop Loss: 192.39
Risk/Reward Ratio: 0.15
Account Size: $10,000
This setup capitalizes on a weakening trend after price rejection at resistance, with a tight risk management strategy in place. Monitoring for a potential breakdown towards target levels.
GBPJPY - BUYCheck M5 TF for better clearance
Forming a Bullish Bat, i will go long if i see some sort of strength
Uptrend tradingmy thoughts on the GBPJPY, price is in a uptrend and is beginning to make an impulsive move after it broke out of our swing point and retested it, also gave us a sign of a bullish candlestick
Uptrend The uptrend is expected to move along the specified path and move up to the specified resistance and time range. Then it is expected that a trend change will take place and we will witness the beginning of the downward trend
GBP/JPY: Distribution Phase Signals Imminent Bearish ReversalWyckoff Distribution in Play
The chart is clearly in a Wyckoff distribution phase, a critical indicator of a potential market top. After the initial Preliminary Supply (PSY), we saw a sharp Buying Climax (BC), where buying pressure peaked. This was followed by an Automatic Reaction (AR) and a series of lower highs and lower lows. The Sign of Weakness (SOW) in Phase B further confirmed weakening momentum.
As we move through Phase C, the Last Point of Supply (LPSY) emerges, signaling the final efforts by institutional players to distribute their holdings before the downtrend accelerates. The current market is consolidating within this final distribution phase, setting up for a potential sharp drop.
Elliott Wave Structure Confirms Downside
An Elliott Wave pattern provides additional confirmation. A completed 5-wave impulsive structure to the upside is visible, culminating near the top at Wave (Z). The market is now in the midst of a corrective wave, marked by (A), (B), and (C) formations.
Divergence on the momentum oscillator further validates the weakening bullish trend, with prices rising while momentum falls, a classic signal of an impending reversal. Wave (i) of the next bearish impulse appears underway, with waves (ii) and (iii) set to follow, pushing prices lower.
Harmonic and ICT Confluence
Fibonacci retracement levels (notably 0.786 and 0.866) converge near the current highs, indicating a critical reversal zone around 191.391 to 192.173. This aligns with key ICT (Inner Circle Trader) concepts like Optimal Trade Entry (OTE), reinforcing the idea that the market is in a premium zone, ripe for short positions.
The chart also emphasizes a strong Break of Structure (BOS) in Phase B, marking a significant shift in market dynamics. Institutional traders are likely targeting liquidity below, especially with a Point of Control (POC) around 185.825, where high-volume trading previously occurred.
Key Levels to Watch
Current High (Wave (Z)): 192.303 acts as a major resistance and invalidation point for further upside.
Support Line (AR Distribution): 189.052 serves as an intermediate target, with significant support below at 185.825, where the 1W close and POC are located.
Equilibrium Zone: Sitting near 189.064, this midpoint between the recent highs and lows offers a key battleground for bulls and bears.
Bearish Outlook Ahead
As the market completes its Wyckoff distribution and Elliott Wave correction, the probability of a continued decline grows. Momentum divergence, along with the confluence of harmonic retracements and ICT methodologies, strongly suggests that the distribution phase will conclude with a move towards lower liquidity zones.
Traders should watch for price to fall into the discount zone, with an immediate target of 185.825 and potentially lower in the coming sessions. With all technical signals pointing to a bearish reversal, this could be a critical moment for short-sellers to capitalize on the evolving market structure.
#GBPJPY: H4 BULLISH NARRATIVEA push up in GJ might set to start again this week. However , upon confirmation a buy might be initiated
Were looking for long on GBPJPYWe will be looking for buys on GBPJPY since we're overall on the longs
GBPJPY Technical Analysis and Trade Idea👀 👉 GBPJPY has recently broken market structure to the upside, indicating a potential bullish opportunity. This breakout is clearly visible on both the daily and 4-hour timeframes, signaling the possibility of a developing buy setup. In this video, we’ll dive into the market structure, analyze price action, and focus on the prevailing trend. Additionally, we’ll outline a potential trade setup, conditional on price action confirming our projected scenario.
Disclaimer: This material is for educational purposes only and does not constitute financial advice. 📊✅
GBPJPY H4 analysis & Trading Route MapePair Name = GBPJPY
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Details :-
GBPJPY got good volume and moved well from last 2 days. Now this is ready for small drop and there we can see it will hot a strong support level around 190 to 190.5
Price level.
Bullish Targets :-
193.400
195.450
Bearish Target :-
191.0
190.0
188.9
EMA 5 Cross over.
191.4
191.2
Could price reverse from here?GBP/JPY is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 193.28
Why we like it:
There is a pullback resistance level.
Stop loss: 196.02
Why we like it:
There is a pullback resistance level.
Take profit: 189.04
Why we like it:
There is an overlap support level.
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Pullback resistance ahead?GBP/JPY is rising towards the pivot and could reverse to the 1st support level which is an overlap support.
Pivot: 193.28
1st Support: 188.98
1st Resistance: 195.93
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GBPJPY signal sell. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPJPY D1 I Bullish BreakoutBased on the daily chart analysis, we can see that the price is rising toward our buy Entry at 193.33, (bullish Breakout)
Our take profit will be at 197.63, a pullback resistance level close to 61.8% Fibo retracement and 100% Fibo Projection
The stop loss will be at 188.47, a pullback support level.
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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.
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IDEA GBPJPY LONG POSITION HI TRADERS Idea
Pair : GBPJPY
Position : LONG( BUY )
Entry Price : 192.200
STOP LOSS @ 191.800
TP 1 @ 192.600
TP 2 @ 193.000
TP 3 @ 193.800 ( Trailing SL )
GBPJPYGBPJPY closed above previous weekly high with bullish FVG so expect that GBPJPY will go Higher to the next PD array above
GBPJPY View!!Markets are undecided whether the Bank of England will hold, or cut rates by 25bps on Thursday, raising the potential for GBP volatility which has put the FX options market on high alert.
The FX volatility upon which FX options thrive is an unknown, yet key parameter of their premium, so dealers use implied volatility - their best guess. Disparity between implied and realised over the life of the option is a common occurrence and makes FX volatility a tradable asset. Therefore, any implied volatility increase over a key event like the BoE, is also a bellwether for the wider market to see the additional FX volatility that options traders think that event will generate.
