GBPJPY - Bullish TradeGBPJPY reversed bearish trend, now moving in bullish trend. Bullish divergence and double bottom reversal pattern also indicate bullish trend ahead.Longby ZubairShah91114
GBP/JPY Res Test - 23.6 of the Sell-OffWhile the world waits for the Fed to kick off their cutting cycle, there's been some very strong moves showing in Yen-pairs. GBP/JPY remains especially elevated on a longer-term basis and the Bank of England hasn't exactly been hawkish of late. There was a 2,800 pip sell-off in July-August and the bounce from that was intense, even if it couldn't quite make it to the 50% retracement level. Bears took over again shortly after the September open but started to stall a little under 1,000 pips below that prior high with yesterday's low falling just five pips shy of the 183.72 swing. At this point there's a resistance test at the 23.6% retracement of the July-August sell-off. I've spanned that up to a zone that runs as high as 187.96. If we do see Yen-strength come back after the Fed tomorrow, which I think would need to come along with a dovish FOMC outing, which could be accomplished with a 50 bp cut combined with a dovish dot plot matrix, then we could see bears taking over again. But if we see a bit of prudence from the FOMC and a continued bounce in USD/JPY, the door is open for re-test of the 190.00 handle in the GBP/JPY cross-pair. The 38.2% retracement of the sell-off plots 91 pips higher and this sets up a spot of resistance taken from prior support. - js by FOREXcom5
GBPJPY Weekly Chart: A Strong Support Zone in PlayIn the world of forex trading, the GBPJPY pair has been a fascinating one to watch. Over the past four years, we’ve seen significant price movements, but one thing has remained consistent: the trendline drawn from the lowest price points on the weekly chart. This trendline has acted as a robust support level, and it appears that we might see it come into play once again. Chart Analysis: The weekly chart of GBPJPY shows a clear trendline connecting the lowest price points over the last four years. This trendline has been respected multiple times, indicating its strength as a support level. Currently, the price is approaching this trendline, and traders are watching closely to see if it will act as support once again. Key Observations: Historical Support: The trendline has provided support on several occasions, leading to significant price bounces. Current Price Action: The price is nearing the trendline, suggesting a potential bounce if the trendline holds. Volume Analysis: Recent volume bars show increased trading activity, indicating heightened interest as the price approaches this key level. Trading Strategy: For traders looking to capitalize on this potential support zone, it might be wise to wait for confirmation of a bounce before entering a long position. This could be in the form of a bullish candlestick pattern or a significant increase in buying volume. Conclusion: The GBPJPY weekly chart is presenting a compelling case for a potential bounce off a well-respected trendline. As always, traders should use proper risk management and wait for confirmation before making any trading decisions.by stocktechbot2
GBPJPY 4H Swing trade.Hoping to continue momentum to the downside with this unmitigated 4H supply with in our fib tool.Shortby AlfsFX6
GBPJPY Will Go Up! Buy! Take a look at our analysis for GBPJPY. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 184.411. The above observations make me that the market will inevitably achieve 185.422 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 116
XAUUSDH4 analyse, the price did break the consolidation, but didn't retest, so we should wait for the retest.But the way the price pushed to the upside, I do see the price reenter the consolidation and dropShort01:38by IvsWolf0
GBPJPY bullishDouble Bottom Bullish Divergence Bullish reversal EP above last LH SL below LLLongby fay_pasai3
GBPJPY Moving Up#trading_idea 💡 #GBPJPY - Watch Resistance On the hourly chart, we can see the price testing the key level of 186. There is a ascending triangle pattern indicating a possible move upwards. The MACD and Bulls&Bears both suggests potential growth, besides pair is trading above MA(100). Possible scenarios: 🔼If the prise break through 186.00 resistance we may see the rise towards 186.800. 🔽Otherwise, a slide towards 185 support and lower is possible. 😎 🔖 Click "👍" if you think the price will rise and "👎" if you think it will slide back. ➡️GET $20,000 JUST FOR $99 Longby sabiotrade3
GBPJPY Breaknig Resistance#trading_idea 💡 #GBPJPY - Watch Resistance On the hourly chart, we can see the price testing the key level of 186. There is a ascending triangle pattern indicating a possible move upwards. The MACD and Bulls&Bears both suggests potential growth, besides pair is trading above MA(100). Possible scenarios: 🔼If the prise break through 186.00 resistance we may see the rise towards 186.800. 🔽Otherwise, a slide towards 185 support and lower is possible. 😎 🔖 Click "👍" if you think the price will rise and "👎" if you think it will slide back. ➡️GET $20,000 JUST FOR $99 Longby sabiotrade1
GBPJPY . M30 BULLISH NARRATIVEIf pull back to the demand area that caused overpowering the supply, open a long position might be considerLongby CHILLARFX1
gbp jpy shortif the price close to 185.341, then we got an entry, but for now lets waitShortby davealgreg0
GBPJPY SELLHi traders here is an idea for; - GBPJPY Opportunity looking for: SellShortby ELCapitalFX2
GJ LongGJ broke trendline and has retested. Also shows rejection off of previous zone of significance. Based off these two things, I can see price buying. I will use 187.400 as my final target and aiming to take a large percentage of profit at the previous high. Longby Zimptrades1
GBPJPY 9/17/24💹 Crypto: 👁️ Outlook 30m Context Time Frame: GBPJPY has been accumulating and is currently re-accumulating. I want to see price get above the EMAs and start showing strength. We can possibly see some potential longs coming out of London and NY session. Daly Bias: Bullish Keeping an eye on this. 👁️Longby angelvalentinx2
Bearish drop?GBP/JPY has reacted off the resistance level that is an overlap resistance that is slightly above the 23.6% Fibonacci retracement and could drop from this level to our take profit. Entry: 186.48 Why we like it: There is an overlap resistance level that is slightly above the 23.6% Fibonacci retracement. Stop loss: 189.15 Why we like it: There is an overlap resistance level that is slightly below the 61.8% Fibonacci retracement. Take profit: 183.16 Why we like it: There is a pullback support 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.Shortby VantageMarkets4
GBP/JPY PRE BOJ DESCISION ANALYSIS (SHORT SCALP) So as we are awaiting this news filled week to unfold, we are aware of the news arriving for GJ tomorrow; or tonight rather. Per previous research, I have come to the conclusion that japan is interested in contracting their economic velocity for lack of better terms. That explains the decline GJ has been experiencing for the last few weeks to say. Nontheless, this analysis is all about the potential scalp before the news release scheduled for the next asian session on tuesday. My current analysis shows the scalp I have entered to chase the next low (liquidity zone on bottom). We can see the lower highs we made in the last few hours, along with the rejection from the supply zone up top marked with the rectangle in grey. This move is specifically targeting the demand zone on the lower end of the market chat also marked in grey. On top of this, the overall trend for GJ has been bearish and i believe it will continue to be bearish all the way through London session with a possible retracement in NY session only to see another rejection at a lower support turned resistance level. Exercise caution this week, theres alot of news releases which will cause alot of volatility in the market. Not a bad thing per say but it will make it harder to trade the "normal" times of the day. Me personally, i might be trading more in the odd hours of the day to avoid the crazy swings in the market. Thanks for reading, follow for more analysis; I will be performing analysis on GJ and Gold everyday this week! Shortby fastboiijd0
GBPJPYH1 long position, each entry rejected a key level H1 short position, each entry rejected a key level Longterm direction its 174Short01:22by IvsWolf333
GBPJPY - Analysis Big timeframes are bullish, I see a breakout to the upside building. I'm waiting price to show minor bullish structure before taking a buy Longby kennyej3314
GBPJPY Market Overview (16th September)Short market overview of whats been happening and what i'm expecting in the days and weeks..by DragunovFX0
SMALL SELLPEPPERSTONE:GBPJPY Running a small sell up to that buy zone hopefully.Shortby solomonmacharia142
GBPJPY BULLISH ?GBPJPY after a long bearish , we have a Triangle Formation Wait for retest and Engulifung candle or Doji pinbar Thanks me Later by Laurentbakiu0
GBPJPY-SHORT: Trade Recap, 16/09/2024Bias Analysis: While the daily and 4H biases were both bearish, price reacted out of a 4H order block before consolidating on the 1H range, signalling that a deeper pullback may be on the cards. Once price swept liquidity to the downside on the 1H and then again on the 15M, this time as it protracted lower during London open, My trade parameters had been met and I seeked entry confirmation on the 15M and micro-timeframes (5M/1M) Grade: High Quality Valid What I did well or could've done better - I remained neutral on this pair and had both a long and short bias heading into the week. I waited for the market to show me which direction it was most likely to distribute in and executed accordingly.Long09:08by The_Modern_Day_Trader0
IDEA GBPJPY SHORT POSITION HI TRDAERS Pair : GBPJPY Position : SHORT ( SELL ) Entry Price : 186.450 STOP LOSS @ 186.850 TP 1 @ 186.000 TP 2 @ 185.650 TP 3 @ 183.500 ( Trailing SL )Shortby hamidTrader211