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JPYGBP trade ideas

GBPJPY - H1 Analysis & Key Levels📉 GBPJPY - H1 Analysis & Key Levels 🔴 Supply Zone: 193.00 - 193.21 🟢 Demand Zones: 190.80 - 190.90, 189.14 - 189.20, 187.50 - 187.60 📊 Possible Scenarios: 1️⃣ Bearish Rejection: If price rejects the 193.00 - 193.21 supply zone, further downside toward 190.80 - 190.90 or deeper levels is likely. 2️⃣ Break & Retest: A confirmed breakdown below 190.80 could indicate further bearish momentum toward 189.14 - 189.20 and lower. 💡 Trading Plan: ✅ Watch for rejection at 193.00 - 193.21 for potential short entries. ✅ Monitor 190.80 - 190.90 as a key level for intraday reactions. ✅ A confirmed break below 189.14 could signal further downside continuation toward 187.50 - 187.60. FXFOREVER GBPJPY ForexTrading SmartMoney PriceAction
Short
by FXFOREVER_87
GBPJPY an overviewSharing a recent trade on GBPJPY that highlights the effectiveness of support and resistance levels in trading. After analyzing the chart, I identified a strong support zone where price had previously reversed. I entered a buy position near this level, anticipating a bounce. The trade played out as expected, with price moving upward and hitting my target near a resistance zone. I closed the trade with a profit close to 96%. This example underscores the importance of: 1. **Identifying Key Levels**: Support and resistance zones are crucial for planning entries and exits. 2. **Patience and Timing**: Waiting for price to confirm at these levels increases the probability of success. 3. **Risk Management**: Always define your stop-loss and take-profit levels before entering a trade. Sharing this for educational purposes to help traders understand how price action and level-based strategies can be applied effectively. Let me know your thoughts! #TradingView #GBPJPY #SupportResistance #PriceAction #ForexTrading
by The_fx_GreyTrader
GBPJPY TRADE IDEA FOR MONDAY📉 GBP/JPY - Bearish Setup Analysis 🔹 Pair: GBP/JPY (1H Timeframe) 🔹 Bias: Bearish 📉 🔹 Key Levels: Resistance: 193.027 (Major Supply Zone) Entry Zone: 191.891 (Marked Red - Potential Sell Zone) Support Target: 189.183 (Demand Zone) 🔍 Analysis: The market is currently consolidating within a supply zone, showing signs of distribution. A rejection from the 191.891 level indicates potential bearish momentum. If price breaks below the local support at 191.280, we could see a drop towards the demand zone at 189.183. ✅ Trade Plan: Sell Setup: Waiting for confirmation near 191.891 Stop Loss: Above supply zone (around 192.000) Take Profit: 189.183 (Demand Zone) 📌 Confluence Factors: ✔ Price reacting to supply zone ✔ Break of structure expected for downside move ✔ Risk-to-reward favoring short positions Let me know your thoughts in the comments! 🔥📊
Short
by naumanfx_
3
GBPJPY IS SELL !!GBPJPY is showing signs of bearish momentum, indicating a potential short opportunity. The price is facing strong resistance and struggling to break higher, suggesting a possible reversal. If sellers take control, we could see a move downward toward key support zones. Confirmation signals such as bearish candlestick patterns or a breakdown of structure will strengthen the sell setup. Traders should stay alert, wait for a proper entry, and manage risk wisely. The next move could be a profitable short trade! 📉🔥
Short
by Itsalikhaan
GBPJPY AnalysisGBPJPY Analysis and Trade Setup GBP/JPY is currently testing a historically significant resistance level that has repeatedly acted as a barrier to price advancement. Given the strength of this resistance zone, it is reasonable to anticipate a potential rejection or pullback. Historically, such levels often prompt a reversal, particularly after a retest of the structure, which could further confirm the resistance's validity. The likelihood of a rejection at this level is supported by the principles of technical analysis, as repeated tests of a resistance level tend to reinforce its significance. In summary, while the current setup suggests a potential pullback from the resistance level, traders should remain cautious and monitor key technical and fundamental factors,
Short
by sirkamal
9