GBPJPY trade ideas
GBPJPY Going Down#trading_idea #GBPJPY 💡
#GBPJPY - Downwards Channel
On the 1H chart, the pair is in a descending channel with strong bearish momentum, testing support around 185.15. The price is near the lower Bollinger Band, suggesting oversold conditions, while the MACD remains below the signal line, confirming bearish pressure but with signs of weakening. The Bull Bear Power indicator is negative, indicating sellers' control. Recent bearish candles with upper wicks reflect rejection at higher levels. A break below 185.15 could push the price toward 184.00, while a move above 186.00 may signal a potential reversal.
Possible scenarios:
🔽If the price breaks below 185.15, a further decline toward 184.00 is likely.
🔼Alternatively, a bounce from the current level could push the price towards 186.00 for a potential retest of the upper channel boundary.
😎 🔖 Click "👍" if you think the price will rise and "👎" if you think it will slide back.
GBPJPY → Traders increase short, preparing for a fallFX:GBPJPY is unable to continue the uptrend. The price is breaking the price channel support, and the parabolic curvature can be interpreted as a set of short positions.
The Japanese Yen continues to strengthen. GBP is forming a small correction since the Open of the session, and the Japnese national currency is accelerating northward.
The parabolic curvature that is forming on the chart can be explained as a set or increase of short positions by large players. Such a maneuver indicates a possible strong and prolonged decline in prices. But, the focus is on the sideways range 192 - 189. Despite the fact that the price has left the channel, it is still in the range and the mentioned support restrains the market from falling.
Resistance levels: 190.97, 192, MA-50
Support levels: 189
If the bears manage to break 189 and consolidate below, it will be the reason for the continuation of the decline to the global low. On D1 the price is pushing away from the strong zone and also shows bearish preconditions
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPJPY ;)
Regards R. Linda!
GBPJPY SHORT OPPORTUNITYGBPJPY SHORT OPPORTUNITY.
The downward trend of GBPJPY still works,
and the price try to test the supply zone at 1H chart.
which is also the 0.618 at 1H chart.
Therefore, try to sell GBPJPY around 186.05
SL: 186.75
TP1: 184.9
TP2: 184.05
Check the trend According to the behavior of the price in the current support range, possible scenarios have been identified. An upward trend is expected to form and advance to the specified resistance range
GBPJPY 185.745 0.32% LONG IDEA MULTI-TIMEFRAME ANALYSISHELLO TRADERS
Hope everyone is doing great
📌 A look at STERLING from HTF - MULTI TIME-FRAME ANALYSIS
GBPJPY DAILY TF
* With las weeks bearish momentum coming into play,looking for a bit of a push up as we close the week on GJ.
* The weekly & daily TF show we are still showing signs of a BEARISH move, but looking for some retracement before continuation bearish.
* GJ took External range LQ, looking for that internal range LQ to be taken.
* We are trading in discount of the move,This is where I would be looking for long entries.
* With PO3 looking to open bearish this week to confirm a move higher into premium PD ARRAYS.
GBPJPY 4H TF
snapshot
* HTF BIAS (PO3) Is bullish .
* looking for long positions OPPORTUNITIES.
snapshot
* We saw a rally with the bears, strong momentum to the downside.
* Looking at the 1H MMS, this is where I would look for LONG entries this week.
* Should this PD ARRAY hold will be long for the GJ.
* BASED on the price action served this week.
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT 🚀 & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
*
Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
GBPJPYAnalyze the weekly timeframe, we bearish for the long term.
Daily structure is bearish also.
H4 Had a Double top.
H1 a double top below a double top
GBP/JPY POTENTIAL SWING TO TOPSIDE As we experienced earlier, GJ experienced a nice sell off for the last few hours of market open but if we look to the previous trading day, GJ was looking to move higher per my analysis from yesterday. I do believe this is still a strong possibility as we can take a look at eh 4H chart and notice 2 important things:
- Strong bull candle close with long lower wick//: indicating strong buyer pressure
- we are currently tapping that support of the last 2 open and close candles on that 4H chart.
That alone is convincing enough for me to be behind a bull move on GJ.
In a more technical sense, we can see on the 30M close the long lower wick indicating some buyer pressure, couple that with the bounce exactly on that support I have mentioned and you have a good recipe for a long trade.
On top of this, I like the risk that I am taking as it is not a major SL to worry about if you do your trade sizing appropriately. The risk to reward is 4.54 as of right now and the trade is in profit as I am typing this analysis.
Open up the perspective and get on the 1H chart and you will see yet another long lower wick and short body for a major Hourly candle. Another confluence to my plan.
Of course in the event of my trade being invalidated, I have a short position ready to execute using the top of my liquidity zone as a stop loss level and a lower low as my profit target.
Happy trading fam and please BOOST THIS IDEA!!
gbpjpy insightlooking at the clients sentiments, many traders are buying gbpjpy.if there are many buyers markets will do the opposite. on daily timeframe we expect it to drop and make monthly low and at that point no more buyers will be left since thats the furthest stoploss location. once that point is reached gj will reverse trapping sellers and we will go back to all time highs above 200 mark.
GbpJpy...GbpJpy now is in pression of bulls, but touch the fibo gold zone, now we must wait to go little sell and buy to retest again fibo gold zonr and go for massive sell..lets see
GBPJPY- Bullish Possible BrakeoutTrendline: A downward-sloping trendline was drawn, showing a previously bearish trend.
BOS (Break of Structure): A "Break of Structure" is indicated, marking a point where the market shifted from a downtrend to an uptrend.
Entry on Breakout and Retest: The chart suggests entering a buy position after the price breaks above a key resistance level (the horizontal white line) and then retests that level as support.
Stop Loss: The stop loss is set below the recent low, around the 185.800 level.
Take Profit: The take profit is placed significantly higher, just below the 188.200 level, indicating a bullish outlook.
Risk-to-Reward Ratio: The green and red zones represent the potential profit (green) versus the risk (red) in this trade setup.
This analysis suggests a buy strategy following a breakout and retest of the trendline and resistance level, with defined risk management.
If Brakeout and retest not then than this setupo is invalid
SHORTING POTENTIAL ON GBP/JPY:We have a potentially good shorting opportunity on GJ,
-TREND:market structure is bearish from the 1D down to the 15minute.
We are clearly forming text book lower highs and lower lows coupled with bearish impulses to the downside and bullish impulses to the upside showing that sellers have control of the general trend.
-CONFLUENCE: The most recent lower high is rejecting off of key Fibonacci levels .
So it s definitely in your favour to look for shorting positions targeting the length of the previous impulse move.
GBP/JPY POTENTIAL LONG SCALPAs we pay attention to the GJ, we see we have been shifting to a bullish sentiment for the last 2 days maybe; we are currently sitting on a significant level that can be used as a support to continue the bullish trend. I think it will play out in the bulls favor if we can see a bullish close on the 30M. I am currently waiting for the 30M close to determine my next move on this pair.
Some more tech analysis shows price getting rejected at my marked liquidity zone but the lower support has so many tests from previous days that it reinforces my caution to wait on a sell. If we can close below this critical level, i will be initiating a short position at a reduced lot size and waiting for a small retracement to get a better entry for a strong push to the lower end.
As of now; i am leaning to the bulls favor only because the local sentiment is bullish for the last few days.
Follow for more Ideas!!
GBP/JPYTechnical Analysis: GBP/JPY
A long term deal
Before using this signal and analysis, be sure to check your analysis chart.
Attention!!!
In these analyses, only technical analysis is considered
So be sure to check the basic news before entering.
Attention!!!
If the trading symbol of the bank is closed, do not trade that symbol!!
Attention!!!
100% does not exist in financial markets
So don't enter this signal hoping for a definite profit
Lingrid | GBPJPY short OPPORTUNITY at 187.000FX:GBPJPY has gained bearish momentum and has reached the support level, where it is likely to consolidate. On the 1H timeframe, we can clearly see the bearish trend characterized by lower lows and lower closes. Recently, the price bounced off this level and is currently moving towards the psychological level of 187.000. I anticipate that the market may experience a spike upward before making a sharp move down toward the recent support level. My goal is support level at 184.100
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Buy OpportunityTrade Signal Analysis for GBPJPY
Trade Overview
Currency Pair: GBPJPY (British Pound / Japanese Yen)
Entry Price: 186.050
Take Profit 1: 188.101
Take Profit 2: 193.423
Stop Loss: 183.700
Technical Analysis
Trend Analysis:
Current Trend: Confirm the prevailing trend on the daily and weekly charts. Look for a series of higher highs and higher lows to support a bullish bias.
Trend Indicators: Utilize indicators like moving averages (e.g., 50-day and 200-day MAs) to confirm the trend direction. A bullish trend is supported if the price is above these moving averages or if there is a bullish crossover.
Update idea
GBP/JPY BUY!GBP/JPY is facing rejection at a bearish trendline, but there's bullish divergence and a breakout above the lower high, indicating a potential trend reversal.
GBPJPY - 12/09/2024 Market AnalysisYesterday, GBPJPY created a significant low and found strong support around the 184.000 level, leading to a bullish rejection and forming a daily candle with clear rejection signals.
Given this price action, there are potential buy setups to watch for during the London session. However, it's important to stay cautious as we have PPI news scheduled for 10:30 PM, approximately 30 minutes after the New York open. This data release is known for its volatility, so it's advisable to wait for the news to pass before entering any trades to avoid unnecessary risk.
GBPJPY- Hammer patternCandlestick pattern- Hammer (daily chart)
The near-term resistance is around 186.40,a breach above targets 187/188.13 (Sep 9th high).Major trend continuation only above 190. The immediate support is at 185.40, any violation below will drag the pair to 185/184.56/183.58/182.79.
It is good to buy on dips around 185.58-60 with SL around 184.56 for a TP of 188.
gbpjpy longMoving Averages: The price is currently trading above the 50-period and 200-period moving averages, which is a strong bullish signal. This suggests that the overall trend is upward1.
Relative Strength Index (RSI): The RSI is hovering around 60, indicating that the pair is not yet overbought and has room to move higher1.
MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, and both are above the zero line, indicating bullish momentum1.
Chart Patterns: There is a potential bullish flag pattern forming, which typically indicates a continuation of the current uptrend2.
Overall, the technical indicators suggest a bullish outlook for GBP/JPY on the H4 chart. However, it’s always important to keep an eye on economic news and events that could impact the currency pair.
Would you like more detailed information on any specific indicator or pattern?
gbpjpy longMoving Averages: The price is currently trading above the 50-period and 200-period moving averages, which is a strong bullish signal. This suggests that the overall trend is upward1.
Relative Strength Index (RSI): The RSI is hovering around 60, indicating that the pair is not yet overbought and has room to move higher1.
MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, and both are above the zero line, indicating bullish momentum1.
Chart Patterns: There is a potential bullish flag pattern forming, which typically indicates a continuation of the current uptrend2.
Overall, the technical indicators suggest a bullish outlook for GBP/JPY on the H4 chart. However, it’s always important to keep an eye on economic news and events that could impact the currency pair.
Would you like more detailed information on any specific indicator or pattern?
Overlap resistance ahead?GBP/JPY is rising towards the resistance level which an overlap resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 187.87
Why we like it:
There is an overlap resistance that lines up with the 38.3% Fibonacci retracement.
Stop loss: 189.83
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci retracement.
Take profit: 184.86
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.
