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GBPJPY trade ideas

GBPJPY View!!An FX option note from Societe Generale highlights the potential for EUR/GBP to bounce with relative rates and suggests taking advantage of low option prices to benefit. EUR/GBP has lost 3.5% since early August highs above 0.8600, which is consistent with the widening GBP-EUR rate differential. Soc Gen rates strategists think the market is pricing in more than enough ECB rate cuts in a soft-landing scenario, while the BoE will struggle to remain restrictive. In this context, the strategists expect the EUR-GBP rate differential to rebound imminently, lifting EUR/GBP with it. They also highlight how relative economic surprises are now also pointing upwards.
Long
by FXBANkthe8055
GBPJPY Sell ForecastGBPJPY New forecast👨‍💻👨‍💻 Note: Follow proper risk management rules. Never risk more then 2% of your total capital. Money management is the key of success in this business...... Set your own SL & TP. Please support this idea with a Like and COMMENT if you find it useful click "follow" on our profile if you will like these type of trading ideas delivered straight to your email in the future. Thanks for your continued support!! lemme know your thoughts in the comment sec...
Short
by King_CityStar_Fx
1
RAPID REQUEST: AUD | GBP | RICHFISH404The Japanese yen paused its rally at 142 per dollar after dovish comments by incoming Prime Minister Shigeru Ishiba. Ishiba supports accommodative policies and fiscal expansion, despite being seen as less dovish than his rival. The yen had surged nearly 2% after Ishiba's election victory in the ruling Liberal Democratic Party. Japanese retail sales outperformed expectations in August, while industrial production was weaker than anticipated. Market uncertainty remains over whether the Bank of Japan will raise interest rates in October or December this year. AUD : A rising 10Y Australian bond yield suggests higher interest rates in the future, which can strengthen the AUD as foreign investors seek higher returns. GBP : If UK 10Y bond yields rise, it signals expectations of higher future interest rates, potentially boosting the GBP due to increased demand from foreign investors seeking UK assets.
by moneymagnateash
5
GBP/JPY Rebounding from Ichimoku Cloud Support Versus the Japanese yen (JPY), the British pound (GBP) is seen rebounding from its Ichimoku Cloud Support on the H4 chart. Made up of the Leading Span A (light green at ¥192.77) and the Leading Span B (light orange at ¥190.90), the Ichimoku Cloud Support is seen sharing chart space with traditional support at ¥189.94 and a 50.0% retracement ratio at ¥189.86. However, a caveat is that the Conversion Line (blue at ¥192.77) is crossing below the Base Line (red at ¥192.77), indicating a potential bearish vibe. Price Direction Given that price recently closed north of ¥191.00, Ichimoku bulls will likely be watching for the Conversion Line to cross above the Base Line, a signal often used to enter long following a rebound from Ichimoku Cloud Support. Regarding upside targets, buyers may aim for ¥192.00 as an initial objective, followed by a close above the Conversion/Base Lines.
Long
by FPMarkets
GBPJPY 1H Time Anticipating a Mid-Week High and Bearish ReversalThe chart provided for the GBP/JPY currency pair on the 1-hour (1H) time frame incorporates a technical breakdown of price movements using Wyckoff Method, Elliott Wave Theory, Volume Profile, and macroeconomic indicators to outline expected market behavior for the coming week. The focus is on the ongoing distribution phase, indicating that a top has been formed, and the pair is now in a bearish reversal. The outlook emphasizes a potential mid-week reversal, likely reaching a high of the week by Wednesday, followed by a significant downward trend as the pair enters Phase C of a larger Wyckoff distribution pattern. Key Terminology & Concepts Wyckoff Method: A methodology that defines market phases (Accumulation, Distribution, and Reaccumulation) based on supply and demand cycles. It often involves testing of support and resistance levels through specific patterns such as Buying Climax (BC), Automatic Reaction (AR), and Secondary Test (ST). Elliott Wave Theory: Used to interpret the market in terms of impulsive and corrective wave structures, where five waves in the direction of the trend (1-5) are followed by three corrective waves (A-B-C). Volume Profile: A tool to gauge the highest volume traded at specific price levels, providing insight into where institutional activity is concentrated. Macro-Economic Events: Key economic data releases (e.g., Tankan Large Manufacturers Index, Consumer Confidence Index) are expected to affect market sentiment and price volatility, acting as potential catalysts for the reversal. Analysis Breakdown Wyckoff Distribution Phase The GBP/JPY chart shows a classic Wyckoff Distribution pattern in progress
by DrezzyBandz
Overlap support ahead?GBP/JPY is falling towards the support level which is an overlap support that is slightly above the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 189.02 Why we like it: There is an overlap support level which is slightly above the 61.8% Fibonacci retracement. Stop loss: 186.62 Why we like it: There is an overlap support level that lines up with the 78.6% Fibonacci retracement. Take profit: 193.29 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
GBPound Down pt2Hello everyone. This is an update to my previous trade idea. My idea is based on market structure with a top-down approach. HTF: this week we find ourselves still inside the HTF continuation structure with better confirmation and development to the downside. LTF : the chart reversed at the predicted POI zone with a strong LTF impulse ,i will be waiting for chart development to see if we can get another continuation pattern. I will be looking for entries on my entry timeframe. While i understand the mechanics of my trading plan i take into consideration that the chart has no time limit and development {that i am looking for} might come sooner or take longer then others . if the chart does not fit my plan i will not trade and wait for further development Thank You.
Short
by Hivemind_FX_
3
#GBPJPY 1HGBPJPY 1-Hour Chart Analysis Pattern Identified: Bearish Market Bias with Focus on Selling at Pullbacks Forecast: Sell Outlook for Next Week: Good Luck On the 1-hour chart of GBPJPY (British Pound/Japanese Yen), the market is showing a clear bearish bias, with sellers in control of the overall price direction. In this environment, the primary strategy will be to focus on selling opportunities during pullbacks. These pullbacks are temporary upward movements that retrace part of the decline before the bearish trend continues. By identifying key resistance levels and zones where price retraces, traders can prepare to enter short positions when the upward retracement weakens and the price resumes its downward move. This approach aims to capitalize on the prevailing downward momentum while avoiding entering trades at potential lows. Actionable Insight: Traders should be patient and vigilant for signs of pullbacks towards resistance levels or Fibonacci retracement zones. Once price hits these areas and shows signs of resuming its bearish trend, it can provide an optimal entry point for a sell trade. Using tight stop-loss orders above resistance areas or retracement highs can help manage risk effectively. Good Luck for the Next Week: Stay disciplined, and may your trading week be successful!
Short
by PIPSFIGHTER
KOG's RED BOXES - GBPJPY GBPJPY – 4H 191.483 break above for 192.843 / 194.361 189.689 break below for 187.461 Have a look at the previous pinned posts on Red boxes to familiarise yourself with how they are so effective in keeping traders the right side of the markets. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
by KnightsofGold
GBPJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
GBPJPY 1H Time Anticipating a Mid-Week High and Bearish ReversalOverview The chart provided for the GBP/JPY currency pair on the 1-hour (1H) time frame incorporates a technical breakdown of price movements using Wyckoff Method, Elliott Wave Theory, Volume Profile, and macroeconomic indicators to outline expected market behavior for the coming week. The focus is on the ongoing distribution phase, indicating that a top has been formed, and the pair is now in a bearish reversal. The outlook emphasizes a potential mid-week reversal, likely reaching a high of the week by Wednesday, followed by a significant downward trend as the pair enters Phase C of a larger Wyckoff distribution pattern. Key Terminology & Concepts Wyckoff Method: A methodology that defines market phases (Accumulation, Distribution, and Reaccumulation) based on supply and demand cycles. It often involves testing of support and resistance levels through specific patterns such as Buying Climax (BC), Automatic Reaction (AR), and Secondary Test (ST). Elliott Wave Theory: Used to interpret the market in terms of impulsive and corrective wave structures, where five waves in the direction of the trend (1-5) are followed by three corrective waves (A-B-C). Volume Profile: A tool to gauge the highest volume traded at specific price levels, providing insight into where institutional activity is concentrated. Macro-Economic Events: Key economic data releases (e.g., Tankan Large Manufacturers Index, Consumer Confidence Index) are expected to affect market sentiment and price volatility, acting as potential catalysts for the reversal. Analysis Breakdown Wyckoff Distribution Phase The GBP/JPY chart shows a classic Wyckoff Distribution pattern in progress: BC (Buying Climax): The first major peak in price where significant buying pressure was observed, followed by a Secondary Test (ST) to confirm resistance levels. This confirms the end of the markup phase and the start of the distribution. AR (Automatic Reaction): This is the downward reaction following the BC, showing early signs of supply overtaking demand. UT (Upthrust in Phase B): After testing previous highs, the price made a final upward push to create an Upthrust, usually considered a false breakout, trapping buyers before a significant move lower. This signals the conclusion of Phase B. LPSY (Last Point of Supply): After forming the Upthrust, the price begins to roll over. LPSY acts as a minor pullback or resistance area before the downward trend accelerates. Elliott Wave Count and Structure The current structure also incorporates Elliott Wave Theory, particularly focusing on the downward impulse: Wave (i): The initial downward movement after the Upthrust (UT), marking the beginning of the new bearish trend. Wave (ii): A corrective pullback higher, expected to peak around the Resistance Line (193.482), possibly forming the Wednesday high of the week before the trend resumes lower. Wave (iii): This is anticipated to be the strongest and longest wave of the downtrend, targeting much lower price levels as the price accelerates towards the support line near 180.085. Volume Profile & Key Levels The Volume Profile outlines areas of institutional activity: POC (Point of Control) at 188.925 on the daily time frame acts as a pivot level where the highest trading volume has been observed. This will act as a key support level in the short term. Resistance Lines (1H and 1D) at 193.482 and 193.324 mark significant supply zones where sellers are likely to reenter the market. These lines align with the Wave (ii) corrective top, signaling a reversal point. Fibonacci & Wave Projections 0.618 Fibonacci retracement level around 193.286 is expected to act as a strong resistance level where the Wave (ii) correction will likely terminate. This level also coincides with previous high-volume areas, marking it as a potential point of exhaustion for buyers. Wave 3 No Trades Below: A warning that no buying should occur below this level as it represents the breakdown level below Wave (iii). Macroeconomic Factors Several major macroeconomic data releases are aligned with potential inflection points in the price action: Tankan Large Manufacturers Index (Oct 2) and Consumer Confidence Index (Oct 2) are expected to catalyze increased volatility around the LPSY. These releases are forecasted to have bearish implications for the yen, potentially leading to a brief rally before price reverses lower. The macroeconomic events align closely with the anticipated mid-week high, marking a potential turning point in the Wave (ii) correction before entering a sharp decline into Wave (iii). Price Expectations for the Next Week 1. Short-Term Correction (Wave ii) As the chart suggests, the price is in a Wave (ii) corrective pullback, expected to peak around the 193.482 - 193.286 area. This level coincides with the 0.618 Fibonacci retracement and key resistance lines. Wednesday of the coming week is expected to mark the high of the week, aligning with macroeconomic data releases. 2. Mid-Week Reversal Following the mid-week peak, a sharp reversal is anticipated, marking the start of Wave (iii) of the downtrend. This wave should see significant bearish momentum, with the price breaking below POC (188.925) and accelerating lower. Target for Wave (iii): The 1.618 Fibonacci extension of the downward move projects a target of 181.688, followed by further downside potentially reaching 180.509, aligning with the SC Accumulation support line (4H). 3. Key Resistance & Support Levels Resistance at 193.482: Expected to act as a strong barrier for price, where sellers will likely re-enter, forming the mid-week high. Support at 188.925: The Point of Control (POC) serves as an interim support level, but a break below it confirms the continuation of the downtrend. Support at 180.085: This is the key support line marking the end of Wave 3. The price is expected to stabilize around this area as we approach Phase C of the Wyckoff structure. Conclusion For the GBP/JPY on the 1-hour time frame, the outlook suggests a short-term upward correction into Wednesday, forming the high of the week around 193.286-193.482, followed by a sharp reversal driven by macroeconomic factors such as the Tankan Large Manufacturers Index and Consumer Confidence Index. After the reversal, a significant downward movement is expected in Wave (iii), with a target near 181.688 - 180.509. In summary, the week ahead is likely to see bearish momentum dominate after a brief corrective rally early in the week, as the pair completes its distribution phase and enters the markdown phase.
Short
by spacedevil
3
GBPJPY View!!An FX option note from Societe Generale highlights the potential for EUR/GBP to bounce with relative rates and suggests taking advantage of low option prices to benefit. EUR/GBP has lost 3.5% since early August highs above 0.8600, which is consistent with the widening GBP-EUR rate differential. Soc Gen rates strategists think the market is pricing in more than enough ECB rate cuts in a soft-landing scenario, while the BoE will struggle to remain restrictive. In this context, the strategists expect the EUR-GBP rate differential to rebound imminently, lifting EUR/GBP with it. They also highlight how relative economic surprises are now also pointing upwards.
Short
by FXBANkthe8055
GBPJPY / TRADING BELOW FVG - 4HGBPJPY / 4H TIME FRAME HELLO TRADERS The price is under bearish pressure (declining) while it is trading below a "Fair Value Gap" (FVG) between the levels of 194.180 and 192.122. Friday Drop: On Friday, the GBP/JPY dropped by 3.03%, and the decline is still ongoing. Support Levels: If the price remains below the FVG, the decline is expected to continue, with the price potentially reaching 188.272, and if it breaks below that, the next target is demand zone between 184.596 and186.510. Reversal Scenario: Conversely, if the price breaks above the FVG (specifically above 194.180) and stabilizes, it could signal a rise. The first upward target is 196.037. To confirm an uptrend, the price would need to break above 196.037 and also break out of a price channel, with a final target of supply zone between 198.200 and 199.474.
Short
by ArinaKarayi