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GBPJPY trade ideas

GBP/JPY Analysis - Rebound Strategy We're currently seeing a potential rebound setup on the GBP/JPY pair with key levels to watch: 1️⃣ Short-term resistance around 194.800: After a significant upward movement, the price seems to face resistance here. A retracement to the support zone could be expected. 2️⃣ Support around 194.250: If a pullback occurs, this area could serve as a strong entry point for a bullish rebound, supported by the ascending trendline. 3️⃣ Potential targets: If the support holds, we may see a gradual rise toward resistance levels at 194.800 and 195.122. 📈 Bullish scenario: If the support holds, we could aim for higher levels as mentioned above. 🔻 Watch out for sellers: If the support breaks, we might see a decline toward the lower zone near 193.744.
Long
by AEL_Education
2
GBPJPY Will Go Lower! Sell! Take a look at our analysis for GBPJPY. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 194.510. The above observations make me that the market will inevitably achieve 193.839 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBP/JPY H4 | Rising into multi-swing-high resistanceGBP/JPY is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 195.61 which is a multi-swing-high resistance. Stop loss is at 196.35 which is a level that sits above the 127.2% Fibonacci extension level and a swing-high resistance. Take profit is at 193.63 which is a multi-swing-low support. 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 (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.
Short
by FXCM
GBPJPY Pull back signalGBPJPY is trading on a Channel Up but has turne sideways recently, indicating a potential top. The last major formation has been a Death Cross (1d) and last time we had one was on January 17 2023. The similarities between the two patterns are strong. The MA200 (1d) is holding for now, if it breaks it will be the sell trigger for the trade. Trading Plan: 1. Sell if the MA200 (1d) breaks. Targets: 1. 188.600 (above the 0.786 Fib). Tips: 1. The RSI (1d) is also trading inside a Channel Up and also portrays similar attributes as the 2023 fractal. Please like, follow and comment!!
Short
by TradingBrokersView
GBPJPY may pivot lowerGBPJPY displays a technical weakness, consolidating in the coil (a low-volatile trading range) above the dynamic support area. The recent strength of the British pound might be temporary. At the same time, the Japanese yen is strategically supported by the hawkish monetary policy of BOJ and ongoing inflation in Japan (which had reached 3% in August). From the technical side, GBPJPY is locked in a triangular formation (chart pattern), and the new wave selling might be triggered from the possible retest of the higher boundary of this formation. Of course, the sell-off can start without a trigger, but the retest is usually a common trigger event. Always do your research and manage risk at all times!
Long
by Stanislav_Bernukhov_Exness
1
GBPJPY Potential Trend ContinuationThe market is currently testing a key psychological support level at 193.000 after a period of consolidation following recent bullish momentum. If GBPJPY closes above the 194.000 level, it could indicate continued upward movement, setting the stage for a retest of the resistance zone above this level. Given the recent bullish sentiment, a clear break and close above 194.000 would likely signal further bullish moves, potentially pushing the price toward higher levels within the resistance zone. The target is the resistance at 194.500
Long
by RTED_Investing
GBP/JPY : Technical Analysis and a signal!hello guys! it is a risky position!! Rising Channel: The price has been trending upward within a well-defined ascending channel. However, it is currently testing the upper boundary of this channel. Resistance Zone (Red Box): Strong resistance is seen around the 196.117 level. The price attempted to break through this resistance but faced rejection multiple times, suggesting a bearish reversal could be imminent. Support Levels (Green Area): There’s a key support level of around 187.953. This support aligns with the lower boundary of the ascending channel, making it a potential target for any upcoming bearish move. Bearish Momentum: The price shows signs of weakness as it struggles below the red resistance zone. A corrective move downwards is expected, with the first target around the 190.000 psychological level, followed by a potential drop to the 187.953 support zone. Risk-Reward Setup: The chart shows a clear risk/reward scenario, where a break below the 194.462 zone may trigger a sell-off towards lower levels.
Short
by melikatrader94
2
GBPJPY - 4hrs ( Sell Trade Target Range 300 PIP ) 🟢 Pair Name : GBP/JPY Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Break 194.250 Area Reasons - Major Turn level - Pattern Break - Visible Range Lvn - Day / low - Month High Reversal Bullish Reversal 191.000 Area reasons - Major Turn level / D - Visible Range Hvn - Visible Range / Poc - Fibo Golden - Choch Zone
Short
by GoldenEngine
1
Technical Analysis: GBP/JPY – Key Levels and Strategic SetupsThe GBP/JPY pair has been in a consistent uptrend since early 2023, following a primary ascending channel. However, the recent price action around key resistance levels indicates a potential shift. Primary Trend: The pair has respected a significant long-term support at 180, which has held strong throughout 2023. Recently, the price tested resistance around 196, potentially forming a reversal or consolidation pattern near this critical level. Technical Indicators: The TDIGA indicator on the daily chart signals a loss of bullish momentum, hinting at possible exhaustion or a reversal. While moving averages show a slight upward tilt, they indicate a mild bullish bias but without strong continuation force. Chart Pattern A symmetrical triangle formation suggests compression, often preceding a breakout. This setup signals a potential breakout in either direction. The 196 support zone remains key, and a break below it could trigger more aggressive selling. Investment Strategies: 1. Bullish Breakout Strategy Entry: Buy after a breakout and close above the triangle’s resistance trendline at 196. Stop Loss: Below 190, under the immediate support. Risk-Reward Ratio: 1:1 or higher. Rationale: A breakout above 196 could lead to a rapid upward move due to increased liquidity, with potential for quick gains. 2. Resistance Reversal Strategy Entry: Short the pair if there's a clear rejection pattern at resistance (e.g., doji or inverted hammer). Take Profit: 185.000. Stop Loss: Above 197.000. Rationale: GBP/JPY has tested the resistance multiple times without breaking through. A failure here could prompt strong selling pressure, driving prices lower towards previous support zones. 3. Buy on Pullback Entry: Buy near the 195 support if signs of reversal appear. Take Profit: 200. Stop Loss: Below 190. Rationale: The 196 level has acted as a strong support, offering a good buy opportunity on any pullback, provided there are signs of renewed buying strength. Final Thoughts: The best opportunities lie at the edges of the triangle formation—buy after a confirmed breakout, or sell if resistance is rejected. The 196 support zone also offers a compelling low-risk buy opportunity. As always, watch for price action confirmation on lower timeframes.
Short
by MrVNpt