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GBPJPY trade ideas

GBPJPY TRADE IDEA FOR MONDAY📉 GBP/JPY - Bearish Setup Analysis 🔹 Pair: GBP/JPY (1H Timeframe) 🔹 Bias: Bearish 📉 🔹 Key Levels: Resistance: 193.027 (Major Supply Zone) Entry Zone: 191.891 (Marked Red - Potential Sell Zone) Support Target: 189.183 (Demand Zone) 🔍 Analysis: The market is currently consolidating within a supply zone, showing signs of distribution. A rejection from the 191.891 level indicates potential bearish momentum. If price breaks below the local support at 191.280, we could see a drop towards the demand zone at 189.183. ✅ Trade Plan: Sell Setup: Waiting for confirmation near 191.891 Stop Loss: Above supply zone (around 192.000) Take Profit: 189.183 (Demand Zone) 📌 Confluence Factors: ✔ Price reacting to supply zone ✔ Break of structure expected for downside move ✔ Risk-to-reward favoring short positions Let me know your thoughts in the comments! 🔥📊
Short
by naumanfx_
3
GBPJPY IS SELL !!GBPJPY is showing signs of bearish momentum, indicating a potential short opportunity. The price is facing strong resistance and struggling to break higher, suggesting a possible reversal. If sellers take control, we could see a move downward toward key support zones. Confirmation signals such as bearish candlestick patterns or a breakdown of structure will strengthen the sell setup. Traders should stay alert, wait for a proper entry, and manage risk wisely. The next move could be a profitable short trade! 📉🔥
Short
by Itsalikhaan
GBPJPY AnalysisGBPJPY Analysis and Trade Setup GBP/JPY is currently testing a historically significant resistance level that has repeatedly acted as a barrier to price advancement. Given the strength of this resistance zone, it is reasonable to anticipate a potential rejection or pullback. Historically, such levels often prompt a reversal, particularly after a retest of the structure, which could further confirm the resistance's validity. The likelihood of a rejection at this level is supported by the principles of technical analysis, as repeated tests of a resistance level tend to reinforce its significance. In summary, while the current setup suggests a potential pullback from the resistance level, traders should remain cautious and monitor key technical and fundamental factors,
Short
by sirkamal
9
GBPJPY The Week Ahead 17th Feb 25The GBPJPY price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 193.45, 50 Day Moving Average level. An oversold rally from the current levels and a bearish rejection from the 193.45 level could target the downside support at 193.45 followed by 189.60 and 188.38 levels over the longer timeframe. Alternatively, a confirmed breakout above 193.45 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 195.20 resistance followed by 197.30 levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
How to Trade With Cookie's A.I. Engulfing ScreenerIn this video, I break down how to use **Cookie's Engulfing Band Screener**, a powerful tool designed to filter out false engulfing signals and improve trading accuracy. 🚀 **How It Works:** ✔️ **Trade signals inside the band are false.** ✔️ **Valid trade signals occur when price breaks or touches the upper/lower band.** ✔️ **Sell Entry** – When price touches or breaks above the upper band. ✔️ **Buy Entry** – When price touches or breaks below the lower band. ✔️ If price re-enters the band after breaking out, another entry signal is triggered. 🎯 **Key Features:** ✅ Works on any timeframe ✅ Automatically places buy/sell labels at the right spots ✅ Alerts for trade entries so you never miss an opportunity ✅ Helps you avoid bad trades and focus on high-probability setups 🔥 **Why Use This?** I've found this to be extremely effective in improving my trading accuracy, cutting out noise, and refining my entries. If you're looking for a simple yet powerful way to trade engulfing patterns with confidence, this is for you! 📈 **Watch the full breakdown and start trading smarter today!** 🔔 **Don't forget to like, comment, and subscribe for more trading strategies!**
Education
by TruthakaWallStreetakaCookie2
GBPJPYThe upcoming economic events, specifically the Claimant Count Change and Bank of England (BOE) Governor Andrew Bailey's speech, are likely to influence the GBP/JPY trade directional bias for the week ahead. Key Events and Their Potential Impact Claimant Count Change: What It Is: This report measures the change in the number of people claiming unemployment benefits in the UK. A decrease in claims typically indicates a strengthening labor market, which can boost the currency. Forecast: If the claimant count shows a smaller increase or a decrease compared to previous figures, it could support the British Pound (GBP) against the Japanese's yen, potentially pushing GBP/JPY higher. BOE Governor Bailey's Speech: Bailey's comments can provide insights into the BOE's monetary policy direction, particularly regarding interest rates and inflation expectations. Market Reaction: If Bailey signals a hawkish stance or hints at potential rate hikes, it could strengthen the GBP as traders anticipate tighter monetary policy. Conversely, a dovish tone may weaken the GBP. The combination of labor market data and central bank commentary will play a crucial role in determining the GBP/JPY directional bias next week. Positive labor market data and hawkish signals from Bailey could lead to a bullish sentiment for GBP/JPY, while disappointing data or dovish comments could result in downward pressure on the pair. we will watch closely these developments for potential trading opportunities.
by Shavyfxhub
GBP/JPY Market Shift or Liquidity Grab? Here’s What I’m Seeing!Yesterday, we were focused on GBP/JPY selling off after a major support break, but today’s price action is revealing a potential shift in momentum. While the larger structure still suggests a bearish outlook, recent price behavior is showing signs of a liquidity grab before any major move. On the H4 and H1 timeframes, we’re seeing slow but steady higher highs forming after a key support at 191.58 held. This suggests that before any deeper drop, GBP/JPY may need to sweep liquidity above recent highs at 192.50 and 193.18. The price action is creeping upward, with candle closures above key resistance levels—a major sign of potential upside before sellers truly take control. Here’s what I’m watching: 📌 A breakout and liquidity sweep above 193.18 before a possible reversal 📌 Holding above 192.50 could indicate a continued bullish push toward 194.74 📌 If buyers fail and price rejects the highs, we may see a strong downside continuation This is a crucial turning point—will GBP/JPY fake out buyers before dumping, or are we seeing the start of a larger move up?
Long
by BlueOceanFxAcademy
Bearish 'W' Pattern sell trade set-up on GBP/JPYGBP/JPY sell Bearish 'W' Pattern on the Daily T/F. Was waiting for deceleration to take place, this has now happened (around and beyond the 0.618%, measured from the daily T/F). Waited for shift of structure (SOS) on the 15M, this too has now happened. Then waiting for a pull back, with limit order set beyond the 50% fib level (measured off the 15M T/F). Trade now live. Excellent risk to reward. Trail SL beyond last swing low as they develop on the 4H T/F. TP set at -127 Fib EX on the daily T/F. SL should be set beyond last swing high on the daily T/F with a buffer of between 8-25 pips depending on personal preference. **Demo only not to be taken on a live account** Disclaimer: Financial trading carries a very high degree of risk of loss of capital. Always seek professional, independent financial advice, before trading with real money. This trade idea is intended for educational, purposes only, and is not financial advice. And as such, must only be traded on a Demo account, or not at all. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed, above. You are responsible for your own trading and investment decisions.
Short
by Treehawk_Trader
2
GBPJPY1.4h 2.downtrend 3.resist /support/ 4.bearish expending triangle/double top bos/b NYSE:R done/ 5.rsi40/sto34/vol bearish but buye around the level trying to push up 6rsi41/sto39/vol bearish//rsi36/sto19/volbearish/rsi61/sto95/vol 7fibexp blue zone/done 8. fibretrace left red zone /done/done 9.exp sell below the fib ext 10 11,1/2,1/3,1/4 12. bearish divergence/ 13.bearish engulfing/tweezer top/bearish harami/pin bar/three black crows/doji/bearish emgulfing 14bos bearish/ bearish/bearish/ Sell at the start of fibext line add 4 entries 1.2h 2. bearish 3.resist/ 4.bearish pannent bos/ 5rsi34/sto10/vol bearish signs/rsi33/sto28/vol 6 7fibextdone 8fibretrace done 9 10 11 12bearish divergence/ 13tweezer top/bearish engulfing/shooting star/ 14descending triangle 1.1h 2.dwnt/ 3.resist/ 4.headand shoulder bos/new down trend forms/bearish exp triangle/bearish pannent 5.rsi35/sto4/volposible reversal ,but stil bearish// 6. 7.fibextdone 8.fibretrdone 9. 10 11 12exp triangle/ 13 We wait the upward reversal and sell at the resistance zone Buyers are in the market but we exp more sellers at new or on Tuesday close
Short
by Forexnation237
GBP/JPY setting up for a swing-trade short?My core bias this year is for the Japanese yen to outperform, and for yen pairs such as GBP/JPY, EUR/JPY and AUD/JPY etc to suffer. We are currently within a countertrend bounce against a much larger bearish move on GBP/JPY, but a doji formed just beneath a resistance cluster on Thursday to suggest the bounce is pausing, if not correcting itself. The 1-hour chart shows that volumes were rising while prices fell from Thursday's high, and volumes were lower as they recouped some of those losses. Yet with GBP/JPY now trying to form a bearish outside candle on the 1-hour chart, perhaps a swing high has already formed. The near-term bias is bearish while prices remain beneath 192.50, and for prices to fall to at least the 38.2% Fibonacci ratio ~190.75. Matt Simpson, Market Analyst at City Index and Forex.com
Short
by CityIndex