GBPJPY, long term sellAs seen in the analysis, GJ has been been correcting for weeks.
Expecting a nice sell off once price hits the trend line resistance...
JPYGBP trade ideas
Longs ideal on GBPJPY. Interest rate differentials between these currencies are key when identifying trade setups. Currently, the BOE has a 5% interest rate, while the BOJ has 0.25%. Using our Institutional pairing approach, this indicates a strategy of buying the strongest currency (GBP) against the weakest (JPY).
We also consider dollar-based weakness—if the USDX is bearish, we aim to buy the strongest currency against the weakest. This condition is fully present in the current market, meaning we are looking for long positions on GBP/JPY.
To support upward price movement, we look for Discount Arrays on higher timeframes (HTF). If I were trading this pair, I’d focus on finding long opportunities from MWD Discount Arrays.
Gbpjpy trade idea , if price break the trendline then bearish...Gbpjpy trade idea , if price break the trendline then bearish...
we need to wait for breakout and retest the resistence to enter the trade
otherwise skip this trade and look for other one
#GBPJPY: +1500 Swing Buy, Do Not Be FOMO! Dear Traders,
We have an excellent buying opportunity coming up on GBPJPY, with worth of 1500 pips. The change of character of the price has already happened and now we are witnessing a straigjt bullish move taking price to previous monthly high. Even there is sign of DXY returning back to bullish move which will help GBPJPY to rise even more higher. Good luck.
GBPJPYGBPJPY price is near the resistance zone 193.23-193.48. If the price cannot break through the 193.48 level, it is expected that the price will have a chance to go down. Consider selling the red zone.
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GBPJPY Buy SetupLooking to for long position on GBPJPY and EURJPY based on the technical analysis
looks clean and worth taking
pund/yennice move ... ready to buy
Hello friends, I see it as a double floor pattern that tests the probability of 100% of the first target and 60% of the second target.
gbpjpy longwelcome
here is my gbpjpy long idea
its based on overall bullish market
price keeps pushing for higher highs
tight stoploss here
lets see how it goes
GBPJPY Bullish movement.The stop loss would be placed at the support level
on 189.623, waiting for a clear retest of the 190.360
for confirmation, which would reduce the risk of a false
breakouts. FUNDAMENTALS- the bank of England's hawkish
stance could support a sustained rally in GBP, weaknesses in JPY
is fueled by BOJ's dovish policies, which adds weight to the
analysis of outlook for GBPJPY.
GBPJPY Short ZoneGM guys , i hope all of you good.
I want to sell GJ from 193.4 for target that i mark in the above chart.
Let's how it goes guys.
GBPJPY H4 Analysis And Route Map For Next MovePair Name = GBPJPY
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Details :-
GBPJPY got good volume and moved well from last 2 days. Exactly on the way as predicted. It will hit a strong resistance level around 193.4 to 195.5
Price level.
Bullish Targets :-
193.400
195.450
Bearish Target :-
191.0
190.0
EMA 5 Cross over.
191.7
192.0
GBPJPY Possible Bullish ExhaustionGBPJPY has the potential to drop on the H1 chart, with 189.415 being the desired target for a bias of 188.23. The price has some bullish momentum to push up, though, and if it breaks above 192.688, that will invalidate the setup.
Happy Trading,
K.
GBPJPY Technical Outlook - 1-Hour Chart AnalysisKey Analysis and Components:
Elliott Wave Structure:
The wave count shows an ongoing impulse wave (iii), which peaked near the 190.95 level. Following the peak, a corrective pattern (ABC) has developed.
The chart indicates that the current correction may evolve into a larger wave 4 structure, implying that the pair has room to the downside before completing the wave cycle.
Wave 5 is expected to follow after the corrective structure finalizes, likely leading to a new upward move unless invalidation occurs at key resistance levels.
Sell-Side Wave 4 Projection:
The chart marks the start of a potential Sell Side Wave 4 from the W Open line (week's open), further supporting the corrective nature of the current price action.
A retracement level of 0.786 Fibonacci (approximately 185.609) has been highlighted as a key support level to watch during this correction.
Key Resistance and Invalidation Levels:
Key resistance levels are marked at 192.776, which also serves as an invalidation level for the current wave count. If prices move beyond this zone, the present wave count may no longer hold, and a new wave analysis will be necessary.
The 1W Close zone around the 192.383 level aligns with the potential end of wave 5, marking an important area for traders to watch.
Bullish Order Block:
Below the current market structure lies a Bullish Order Block, defined around 184.900-185.500. If prices reach this zone during the correction, a potential reversal to the upside could occur as buyers step in.
Volume and Market Profile:
The POC (Point of Control), or the highest volume area on the chart, rests near 185.609, coinciding with key Fibonacci levels. This suggests strong support and interest in this area, where a major move could be initiated.
Potential Bearish Scenario:
The chart outlines a projected bearish scenario if the correction extends further, with possible moves targeting the 189.636 and 185.609 levels. Should prices break below this support zone, it may trigger further selling pressure towards the Bullish Order Block and beyond.
The outlined ABC corrective waves support this view, suggesting continued bearish momentum before a potential bottom is formed.
Conclusion:
The GBPJPY pair is currently in a corrective wave structure following a significant bullish run. The wave count suggests the pair is within Wave 4, which could see prices decline toward the 185.609 support level. Traders should watch for signs of reversal near this zone, as the pair may enter Wave 5 afterward. Invalidation of this analysis occurs if prices break above the 192.776 level. Monitoring volume and key support levels will be crucial in the coming sessions.
gbpjpy Analysis elliot. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
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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
GBPJPYWe are at all time highs everywhere, of course we're all seeing the geopolitical conditions. The market is truly effected by these horrendous circumstances. I am typing this a bit before London session.
Good Luck Trade light for the moment
Big Success
double bottom on GBPJPYpotential double bottom on GBPJPY before BOJ press conferences on Friday on Sept 20
BEARISH SENTIMENT ON GBPJPY So I personally don’t use to trade GJ but lately I’ve understood so well that i am more of a trending market structure trader as my strategy implies me to. So i went in deep search of trending market pairs of which i just found out very well that GJ is a good bearish trending pair if analyzed properly from the monthly timeframe which happens to be my highest timeframe and I prefer watching the major market structure from monthly down to 4hr before knowing how to approach an asset. Now looking at GJ on monthly timeframe i spotted a very nice bearish structure which to me has already started selling off a nice Supply zone on the monthly. I did a breakdown to this daily timeframe and found out that on the daily there is also this bearish market structure shift as my analysis here shows. So whenever price reaches the supply zone labeled above i will be looking for lower timeframe shift also to bearish structure and getting in on the sell to break lower as much as possible. My confluences for the bearish structure are backed by 1) market structure(ChoCh), 2) Supply, 3) Imbalances, 4) Liquidity(Entry & Exit). Will patiently wait for lower timeframe bearish ChoCh as my confirmation entry to join the sells if it respects that Supply zone. First TP target will be at 180.000 price level and below.
Note: the market is all about probabilities which also makes my analysis a probability.
GBP/JPY Potential Short Potential short in the making, recently we got a push back up from the daily low and now we're at the high. I marked these daily levels as zones based off wick and candle close averages. The 2 zones marked off are the most relevant since we can clearing see structure formed. All we need now is to see that transition in trend from up to down on the 4hr or 1hr , favorably the 4hr chart. Wait for the higher low to be broken from the upside trend and execute position on the first lower high to the downside. Heikin-ashi candles can help if things are getting choppy. Stops above daily resistance zone and target the daily support zone.
Educational purposes only. Cheers!
-Michael M.
GBP/JPY Trade Setup (1H Timeframe)Watching the GBP/JPY pair closely for a potential short setup. Price is approaching a critical area near the ascending trendline, and I'm anticipating a potential breakdown from this level.
Plan: Wait for a break and retest of the trendline around 190.546 for confirmation before entering short.
Entry: 190.546 (on the retest after a confirmed break)
Stop Loss: 192.446 (above recent highs, -189 pips)
Take Profit 1: 189.008 (+153 pips)
Take Profit 2: 186.976 (+357 pips)
Take Profit 3: 183.771 (+678 pips)
I will wait for confirmation and enter on the retest. If TP1 is hit, the stop loss will be moved to break even to secure profits.
about GBPJPY my option about gbpjpy there more bulish
but we have small bearish so we can sell at that price
GBP/JPY Approaches Monthly HighGBP/JPY approaches the monthly high (193.48) as it extends the series of higher highs and lows from last week.
GBP/JPY Outlook
The recent recovery in GBP/JPY has pushes the Relative Strength Index (RSI) to its highest level since July, and a break/close above the 192.40 (50% Fibonacci extension) to 193.50 (38.2% Fibonacci extension) region opening up the 195.70 (61.8% Fibonacci extension) to 196.60 (23.6% Fibonacci extension) area.
However, GBP/JPY may mirror the price action from earlier this month and trade within a defined range if it fails to break/close above the 192.40 (50% Fibonacci extension) to 193.50 (38.2% Fibonacci extension) region.
In turn, GBP/JPY may negate the bullish price series if it struggles to hold above 189.00 (38.2% Fibonacci extension), with a move below 186.60 (50% Fibonacci extension) bringing the monthly low (183.72) on the radar.
--- Written by David Song, Strategist at FOREX.com
GBPJPY in the watchlistEVERYTHING ON CHART
please check my pre idea so you can understand better
signals and analsys are free... and always will be
TRADE: BUYING WAITING TO SELL
DURATION: SHORT TO MEDUAM
SCALP: NO SCALPING
