GBPJPY GOING CRAZYLots of bears indicators for GBP tonight, in addition to the news in a little more than an hour, it is expected to go down.
GBPJPY trade ideas
GBPJPY Bullish ContinuationPrice consolidated within the triangular flag (pennant). An upside breakout from the pattern has developed with increasing volume (strong bullish momentum).
GBPJPY Analysis Today: Technical and Order Flow Analysis In this video I will be sharing my GBPJPY analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
Market Analysis 10/23/24Hello Everyone,
not many changes to fundamentals so there wont be a second video today,
cheers.
GBPJPY Sell play? GBPJPY Sell zone. SL invalid area line.
Good Luck
**Forex Analysis Disclaimer**
This analysis is intended for informational purposes only and should not be considered investment advice. I utilize technical analysis as the basis for decision-making and do not focus on fundamental analysis. Forex trading involves high risk and can result in losses. It is advisable to conduct your own research and consult with a financial advisor before making any trades. I am not responsible for any losses that may arise from the use of this information.
GBP/JPY Eyes Bullish Rebound from Key 50% Fibonacci LevelThe GBP/JPY currency pair has attracted buyers around the 50% Fibonacci retracement level, close to the 189.00 mark. This key technical level offers a potential launching point for a bullish impulse that could see the pair retesting the 198.00 area, which aligns with a prominent supply zone. Traders are eyeing this level for a possible breakout as market conditions increasingly favor the British Pound (GBP) over the Japanese Yen (JPY).
The Japanese Yen has been under pressure following comments from Japan's incoming Prime Minister, Shigeru Ishiba, who emphasized that the Bank of Japan’s (BoJ) monetary policy must remain accommodative to support the country’s fragile economic recovery. Ishiba’s stance highlights the ongoing need for stimulus in Japan, which contrasts sharply with the more hawkish outlook from other central banks globally. This dovish tone from Japan’s leadership has further weakened the Yen, making it more attractive for buyers of GBP/JPY.
In addition to the incoming PM’s remarks, political developments in Japan also play a role in the JPY’s softness. Ishiba has announced plans for a general election scheduled for October 27, creating a sense of political uncertainty that could continue to weigh on the Yen in the near term. Coupled with mixed Japanese economic data, these factors contribute to the ongoing depreciation of the Yen, allowing the British Pound to gain further traction.
From a technical standpoint, the GBP/JPY pair’s rebound from the 50% Fibonacci retracement level around 189.00 signals potential bullish momentum, supported by weakening fundamentals in Japan. If the bullish sentiment continues, the pair could target the 198.00 supply zone in the coming sessions. However, traders should remain cautious, as any shifts in Japan's economic or political landscape could introduce volatility into the pair.
In conclusion, GBP/JPY appears poised for a potential bullish run, driven by technical support and favorable fundamental developments. The weakening Japanese Yen, alongside continued political uncertainty, offers a supportive backdrop for the Pound’s strength, setting the stage for a possible retest of the 198.00 supply zone. Traders should monitor key developments in Japan as well as global market sentiment for further cues.
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GBPJPY BUY IDEAIt's time to buy GBPJPY as it is still in an uptrend and now price is retracing into a POI where we can begin to look for buy opportunities.
GBP/JPY Consolidation Tightens: Bulls Eyeing a Break Above 195.7After a strong correction and finding a bottom at 180 in early August, OANDA:GBPJPY began to recover, initially rising to the 193 zone.
Another leg down followed, but this time, bulls regained control at the 183.90 level, forming a higher low supported by a double bottom pattern.
The next upward move stalled at the 195 resistance, and the pair has since entered a consolidation phase.
However, the recent consolidation range is tightening, and it appears that the price is gearing up for an upward breakout.
I am slightly bullish on this pair, and a break with a daily close above the 195.70 resistance level would confirm this outlook, potentially leading to further gains toward the key 200 zone.
In the short term, interim resistance around 198 could also serve as a target for bullish traders.
GBPJPY Is Going Up! Buy!
Take a look at our analysis for GBPJPY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 197.654.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 203.292 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.
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update on the GBPJPY analysis on 22 october 2024overall price followed the intended direction on the higher time frame as analysed.
from our point of interest we needed to understand clearly how price will react before executing and long positions trade. as seen on the video patience and allow price to show its intended direction is very important
Possibility of uptrend It is expected that the price will cross the resistance range and after the upper stabilization of the range, the continuation of the upward trend is likely. Otherwise, it is expected that a trend change will take place and we will see a corrective trend
Lingrid | GBPJPY range BREAKOUT. Long from SUPPORT zoneThe price perfectly fulfilled my last idea. It reached target level. Overall, FX:GBPJPY is forming a bullish trend, characterized by higher highs and higher lows on the 1H timeframe. Recently, it broke and closed above the resistance zone around 195.600, a level that had been tested multiple times. Following this breakout, I anticipate that the market may surge upwards toward the upper boundary of the channel. It's important to note that the market has been choppy since the beginning of October, suggesting that the breakout could be substantial. My goal is resistance zone around 196.900
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GBPJPY sell signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPJPY WONDERMAP GBPJPY WONDERMAP
Daily candle close with bullish vibes, so we’re predicting price will keep flying until it hits H4 resistance and daily resistance zones. After that, look out for a potential sell at the H1 breakout zone.
For buys, watch out at the daily RBS, H4 breakout, and H1 RBS zones! Let’s stay sharp and make those pips count!
Let’s make it happen!
Is GJ Setting up for the long?Hi All!
GJ has definitely created some patience over these past few weeks! Trading in a slow upward movement, and staying below 195.500. Finally, GJ broke through, and is now trying to stay bullish. If it can hold momentum, I believe it can make it to the next Sell Stop area around 198.000-199.000. I'd like to see it close above 196.500, Bullish candles, and a retest for confirmation.
Potential Entry: 196.500
SL: Below 196.000 (Give room)
About 1:3RR Depending on SL
*DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
