GBPJPY Downtrend ContinuationWhat do you guys anticipated on GBPJPY next week?
Are we going to see her to continue its downtrend?
If yes, where are you plan to join?
So, what's with my supply zone?
1. H4 H1 says the same, downtrend
2. Supply zone with imbalance
3. SBR also present, can be where the price going to reverse (it's not my entry zone, I don't mind of missing)
For this trading cycle, I will only targeted 1:2RR only and see how it goes.
Have a wonderful trading week guys, remember to follow your system, makes it consistent.
JPYGBP trade ideas
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GBPJPY Will Fall! Short!
Take a look at our analysis for GBPJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 189.486.
Taking into consideration the structure & trend analysis, I believe that the market will reach 183.143 level soon.
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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
GBPJPY next week bias Good day traders, hope we all made money following the resent market volatility but regardless we back again on the job.
GBPJPY on the daily TF we had a market structure shift lower falling in line with the weekly structure, going into the new week we’d like to see the market open higher and give up ICT’s power of 3 which basically means we wanna see price go against our bias(sells) Monday and Tuesday and maybe till morning Wednesday. On the TF shown here 4hour TF we can also see that price shifted lower now using the OTE that ICT explains in his 2022 model, we will only consider taking our sells once price starts rejecting the FIB levels above.
POTENTIAL SHORT TRADE SET UP FOR GBPJPYAnalysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout.
Entry: The price has reached the upper boundary of a higher time frame (HTF) bearish continuation structure, approaching this zone with an ascending wedge on the mid time frame (MTF). On the lower time frame (LTF), a bearish impulse has developed, and we will be watching for a continuation pattern to pinpoint a potential entry point for the trade.
Expectation: A downward move is anticipated, targeting the lower boundary of the HTF bearish continuation structure.
⚠️ Reminder: Always conduct your own analysis and apply proper risk management, as forex trading involves no guarantees. This is a high-risk activity, and past performance is not indicative of future results. Trade responsibly!
ONENTRY
ONENTRY
GBP/JPY - ONENTRY ' 2Fib Strategy '
Timeframe: 30 Minutes
Session: London Pre-Market (00:00 - 06:30 +2GMT)
Step 1: Identify the Overnight Range
Mark the high and low of the price range between 00:00 - 06:30 (+2GMT).
Wait for a clear breakout with a candle closing above (for longs) or below (for shorts) this range.
Step 2: Apply Fibonacci Levels
After the breakout, use the Fibonacci retracement tool:
Anchor Point 1: Start at the close of the breakout candle.
Anchor Point 2: Drag to the start of the impulse move (first candle of the range).
Key level for entry: 0.5 and 0.35 retracement.
Step 3: Trade Execution
Entry: Enter on a pullback to 0.5 and 0.35 Fib level after the breakout.
Stop Loss :
Long trades: Below the low of the breakout candle’s body.
Short trades: Above the high of the breakout candle’s body.
Take Profit Targets:
TP1: 1.0 Fib (1:1 risk-reward).
TP2: 1.25 Fib extension.
TP3: 1.6 FIB extension
TP4: 2.3 Fib extension (runner position).
Step 4: Trade Management
Move SL to breakeven when price hits TP1.
GBPJPY BUYAfter todays (3rd April) Tariff decisions from Mr.T the world has gone into a melt down and clearly the whole world has taken a hit.
GBPJPY from a MACD and RSI perspective show signs of exhaustion to the downside with the only catalyst is for bear targeting the previous lows or the continued news scaremongering sellers. With is sitting just near the 0.68 fib and the other MACD and RSI, I can see a long swing target on this that will rally behind 200.
Time will tell on this but I will at least hold position to the 197 and look at locking down profits. Swap rates will help reduce risk off and keeping the SL out the way of turning point and allowing the trade to breath.
GBP/JPY Technical Analysis – April 4, 2025GBP/JPY Technical Analysis – April 4, 2025 📉
🔹 Current Price: 190.706
🔹 Timeframe: 15M
📌 Key Supply Zone (Resistance Level):
🔴 191.628 – 191.757 – Potential reversal zone
📌 Key Demand Zone (Support Level):
⚫ 189.115 – Target support zone
📉 Bearish Scenario:
A rejection from the 191.628 – 191.757 supply zone could push the price lower towards 189.115, aligning with the bearish outlook.
📈 Bullish Scenario:
If the price breaks above 191.757, we might see further upside momentum.
⚡ Trading Tip:
✅ Look for bearish confirmation around 191.628 – 191.757 before entering short positions.
✅ 189.115 is a key level to watch for potential take-profit or reversal opportunities.
✅ Always use risk management strategies to secure profits.
#FXFOREVER #GBPJPY #ForexTrading #SmartMoney #PriceAction #TechnicalAnalysis #Trading
Short Term Counter Trend: GBP/JPYThe market needs to pull back to Fibonacci zones. Look at the charts for details and let me know what you think.
Counter Trend Setup:
1. Identify Liquidity, 200 EMA, and Market Hours
2. Mitigate Order Block
3. Strong Break of the Trendline
4. Retest Break at new Order Block 5/15 min
5. Rejection/Reversal at Break Retest on 5/15 min timeframe.
6. Enter