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GBPJPY trade ideas

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 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
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. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. 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. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
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.
Long
by FXBANkthe8055
GBPJPY Will Explode! BUY! My dear subscribers, My technical analysis for GBPJPY is below: The price is coiling around a solid key level - 184.85 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 187.48 My Stop Loss - 183.43 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
7
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
GBP/JPY Technical Analysis - Rising Channel and Fibonacci LevelsI'm tracking GBP/JPY on the 1-hour chart . The pair has been trading within a well-defined ascending channel and is approaching key resistance levels. I’ve plotted Fibonacci levels to watch for potential corrections. Price is hovering around the 61.8% retracement , which is often a significant support zone. Price continues to respect the upward trendline, which reinforces the bullish momentum as long as it holds. The next level of interest is around 193.00 , aligning with channel resistance and key horizontal levels. If the price breaks above this area, it could head higher toward 194.50 . If the price breaks below the trendline, I’ll be looking at the 50% Fibonacci level as a possible next support at 190.00 . Overall, I'm bullish for now, but cautious of a potential retracement if the price fails to break out of the channel.
Long
by War_Z-one
GBPJPY POTENTIAL SHORT CONTINUATIONHello Everyone! How are you all? GbpJpy is a pair to watch this week, because it is shaping up very nicely for a short trend continuation that we can capitalize on. So, I will be looking for a sell continuation because of the following reasons: 1. The overall trend is bearish. 2. The price has formed a continuation structure. 3. The price is approaching the value area. Game Plan: If the price comes to the VA, and rejects at that level or sweeps the High, and makes a bearish impulse followed by a 15mins flag with two highs and lows. Entry : will look for a risk short entry within the flag or a reduced risk entry on the breakout of the flag.
Short
by DTreasureMarketHub
6
GBP/JPY BULLISH MOVEEntry: 191.895 Tp: 193.500 We can see GBP/JPY previously created an ascending triangle in price following with support. Price was successful on its move up creating another triangle we call the symmetrical triangle . We do not want to go off the pattern alone. Let’s use the lines as support and resistance. If price breaks above the triangle line we can assume price wants to continue up.. Now if price breaks below the triangle we can assume a reversal and consider taking a short to the pervious support. CEEJAY.TRADES ON MEDIAS FOLLOW MY PROFILE TO KEEP UP AND MAKE PROFITS ON OUR JOURNEY TO WEALTH!!
Long
by CEEJAYYTRADES
GBPJPY - In Bullish TrendHi Followers, 1st of all, sorry for posting an analysis after a break because I was testing one strategy and taking trades on that. So, this pair fundamentally is in BUY position with BXY bullish and JXY bearish. On 1D time frame the trend is bullish but in 4H and 1H it is making a continuation pattern of Cup and Handle. At the moment the cup is not complete and the projections of the handle is drawn. I have taken an entry on the basis of Dow theory. The chart is in the resistance zone which I have marked with a rectangle (Red border and purple filling). The top level of the zone is a weak resistance area which can be seen that it wasn't tested much and pierced through in the past. This is quite possible that the cup will break and it will hit the TP. The Signal is: EP: Yellow line SL: Red line TP: Green line
Long
by MuhammadArif039
GBP/JPY (4H and 1D timeframes)Wyckoff Phases & Accumulation PS (Preliminary Support), SC (Selling Climax), AR (Automatic Rally), and ST (Secondary Test) are part of the Wyckoff Accumulation phase on the daily chart (left side), indicating a potential bottoming process around 180.00. Phase A through Phase B reflects the early stages of accumulation, with the current action moving towards a possible Markup Phase if price can break resistance. Elliott Wave Structure The large downtrend from 208.117 appears to be an impulse wave (1)-(5), completing a bearish structure. On both timeframes, the corrective waves (A)-(B)-(C) are visible, indicating retracement to higher levels but with Wave (5) possibly extending lower after the current correction. On the 4H chart (right side), Wave (2) appears to be complete near 190.65, and Wave (3) is anticipated to push prices lower. Key Levels and Fibonacci Retracements The 0.618 Fibonacci retracement at 189.471 and 1.236 extension at 190.519 are crucial levels for resistance, suggesting potential reversal zones for short trades. Price is testing the resistance line of the AR accumulation at 192.008, where further rejection is possible. Market Structure and Support/Resistance The support line at 180.065 marks a critical area of interest for buyers. If prices break below, it could indicate the continuation of the bearish trend. The current weak high noted at 192.008 suggests that bulls are struggling to maintain upward momentum, making it a likely area for reversal if prices fail to break higher. Volume Profile and Harmonic Patterns The harmonic pattern identified on both charts indicates potential price reactions, especially around the 189.471 and 190.519 levels. The Volume Profile shows a concentration of traded volume near 185-188, marking this range as a zone of heavy consolidation and market interest. Conclusion The chart suggests a bearish continuation for GBP/JPY, with key resistance levels at 190.65 and 192.008. If price fails to break above these areas, further downside towards the 180.065 support zone is expected. This is aligned with the Wyckoff Accumulation phase and the anticipated completion of Wave C in the Elliott Wave count.
Short
by spacedevil