JPYGBP trade ideas
GBP JPY buy Based on the current GBP/JPY price of 195.892 and integrating insights from the provided PDF materials and the Pine Script trend strategy, here's a detailed analysis for potential trade setups:
1. Trend Analysis
Zero Lag Trend Indicator:
On the M5 and M15 timeframes, the Zero Lag Trend Indicator signals a bearish trend, with the price trading below the Zero Lag EMA and recent bearish crossovers.
On higher timeframes like H1 and H4, the trend remains bullish, indicating that the current bearish movement on lower timeframes may be a retracement within the broader uptrend.
Multi-Timeframe Confirmation:
The alignment of bearish signals on lower timeframes and bullish signals on higher timeframes suggests a potential buying opportunity if the price reaches a significant support level and shows signs of reversal.
2. Key Levels Identification
Support and Resistance:
Support Levels:
195.500: Recent swing low and a psychological support level.
195.000: A round number and potential strong support.
Resistance Levels:
196.500: Previous swing high and potential resistance.
197.000: Another round number and resistance level.
Order Blocks:
A bullish order block is identified around 195.500, indicating potential institutional buying interest at this level.
3. Liquidity Zones and FU Candles
Liquidity Grabs:
Potential liquidity exists below 195.500, where stop-loss orders from retail traders may be clustered.
FU (Fakeout) Candles:
On the M5 timeframe, a bullish FU candle is observed near 195.500, suggesting a possible reversal and trapping of bearish traders.
4. Entry, Stop-Loss (SL), and Take-Profit (TP) Strategy
Entry:
Long Position: Consider entering around 195.600 after confirming support at 195.500 holds and observing bullish reversal patterns (e.g., bullish engulfing candle).
Stop-Loss (SL):
Place the SL below 195.000, at 194.900, to protect against potential false breakouts and account for market volatility.
Take-Profit (TP):
Set the TP at 196.800, near the next significant resistance level, maintaining a 1:3 risk-reward ratio.
5. Example Trade Setup
Scenario:
Current price: 195.892.
Bearish trend on lower timeframes; bullish trend on higher timeframes.
Plan:
Entry: 195.600 (after confirming support at 195.500).
Stop-Loss (SL): 194.900 (below 195.000 support).
Take-Profit (TP): 196.800 (near resistance).
Risk-Reward Ratio:
1:3, where the risk is 70 pips (195.600 - 194.900), and the reward is 120 pips (196.800 - 195.600).
6. Additional Considerations
Market News:
Monitor economic indicators and news related to the British Pound and Japanese Yen, such as interest rate decisions and geopolitical events, as they can impact volatility.
Risk Management:
Risk 1-2% of your trading capital per trade to ensure sustainable trading practices.
Called this trade out in my tele onlyThesis:
The trade was based on bullish price action as GJ traded into a significant 1-hour bullish order block (OB) around the 195.665 level. Price action created equal lows, signaling liquidity buildup, and formed a fair value gap (FVG) within the retracement to the 0.62 Fibonacci level, providing a high-probability setup for longs.
Key Steps in Analysis:
Retested the 1-hour bullish OB at 195.665.
Observed a bullish CHOCH (Change of Character) on the 5M/15M chart, confirmed by a body candle close above.
Retested the bullish CHOCH level, providing an optimal entry to capitalize on buys toward the 196.800 target level.
Entry:
Entered long within the FVG region, aligning with the 0.62 Fibonacci retracement level and the bullish CHOCH retest.
Take Profits (TP):
TP1: Set at the 0% Fib level.
TP2: Positioned at the -50% Fib level for extended targets.
Stop Loss (SL):
Placed below the recent displacement low to ensure proper risk management and invalidate the trade if the structure failed.
Outcome:
The trade executed as planned. Price respected the bullish structure, completed the move toward 196.800, and achieved both TP1 and TP2. This validates the robust thesis and disciplined execution.
GBP Is In A Downward MaelstromGBPJPY collapsed last Friday after a prolonged consolidation phase. It is likely that this trend will continue. We expect the price to fall further to at least 190.70, and prices below 188 cannot be ruled out given the current downward momentum.
GBPJPY Trendline Breakout , All eyes on BuyingHello Traders
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Correction It is expected that the continuation of the corrective process will take place according to the specified path and advance to the specified support levels. As long as the price does not stabilize above the red resistance zone, the downward trend is likely to continue
GBP/JPYIn this market also new week is very nice trade and I am waiting for the market to fall after breaking the zone that I have been waiting for a long time and finally came to retest but after confirmation you should enter
GBPJPY Is Very Bearish! Short!
Please, check our technical outlook for GBPJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 194.706.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 190.431 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.
Like and subscribe and comment my ideas if you enjoy them!
gbjpy 1hr demand OTA Theses are the 1h demand zones Ive on GBPJPY.
The market first tapped into a weekly demand. Creating these new zones on the way up.
The first zone was touched 2 times. but is still available since it has not been penetrated by 50%
GBPJPY - Will the pound continue to weaken?The GBPJPY currency pair is above the EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term bullish channel. If the correction continues to the support range, we can buy with a suitable risk reward. Breaking the resistance range will pave the way for this currency pair to continue its rise.
Pension Reforms in the UK
• Consolidation of Local Government Pension Schemes:
Rachel Reeves, the UK Treasury Secretary, aims to merge local government pension schemes into larger funds (megafunds). This initiative involves pooling the assets of 86 local government pension schemes into a large fund managed by professional investment managers.
• Objective: To increase investment in long-term, high-risk assets, reduce management costs, and strengthen investment in infrastructure and local areas.
• Further Reforms: In addition, Reeves plans to make changes to financial arbitration services and the combined stock market, marking “the most significant pension reforms in decades.”
Inflation Outlook and Interest Rates in the UK
• Comments from Bank of England Member, Mann:
Bank of England member, Mann, warned that substantial volatility in macroeconomic indicators will be seen in the coming years. He suggests that inflation may remain high for an extended period, necessitating a higher neutral rate. Additionally, he noted that lower interest rates compared to high inflation would put more pressure on investments.
Japan’s Support Package and Economic Stimulus
• Budget and Household Support:
The Japanese government has planned a supplementary budget of 13.5 trillion yen (87 billion USD) to fund an economic stimulus package. This budget includes a payment of 30,000 yen to low-income households and 20,000 yen per child in households with children.
• Energy Subsidies: The government will also reintroduce electricity and gas subsidies from January for three months to help households cope with rising fuel and service costs.
Financial Risks and Supervision by the Bank of Japan
• Concerns About Non-Bank Financial Institutions:
The Bank of Japan’s Deputy Governor, Uchida, warned that increased connections between non-bank financial institutions and banks could pose risks to the entire financial system. He emphasized that non-bank institutions handle almost half of global financial intermediation, which requires close attention.
Actions for Stability in Japan’s Currency Market
• Currency Market Intervention:
Japan’s Finance Minister, Katsunobu Kato, stated that appropriate measures will be taken to control severe and one-sided fluctuations in the currency market if necessary. He stressed the importance of sustainable exchange rate movements in line with fundamental principles.
GBPJPY long update as planned GJ has finally pushed up and broke BOS.
my stops are now below asai low as it might come and fill that 4hr , so could also add more entrys there .
whats everyone else doing ? up to 199?
BUY GBP/JPY FOR 100 PIPS Go Long on GBP/JPY AT 197.33
It's good trend line support & Sweep the liquidity
BOB in 1H time frame
BUY on Fib 50 % area
Take only 31 pips Risk And get
reward At list 100 pips
GPP/JPY Possible play's 11-13-24So after adjusting my zones to be current, this is what I'm seeing as of right now for this pair. We will see how this will play out. London Session could be great. Asian could start the direction. It seems it's in consolidation so what to see a break before taking action.
GBPJPY Possible Short Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - CSAK /Entry in MAHI
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
GBP-GPY Analysis This is my idea of Buy and Sell on GBP-GPY. Support and Resistance analysis on a target around 1-1RR.
GBPJPY-Sell on rallies The GBP/JPY currency pair pared some of its gains after weak UK jobs data.It dropped to a low of 196.88 at the time of writing and is currently trading around 197.08. The Potential Reversal Zone (PRZ) is set at 200.20.
In October 2024, the number of people in the UK claiming unemployment benefits rose by 26.7 thousand, following a smaller increase of 10.1 thousand in September. This was less than the expected rise of 30.5 thousand for October. The claimant count shows how many people are receiving unemployment help, indicating ongoing difficulties in the job market. The unemployment rate also increased to 4.3% in the three months before September 2024, up from 4.0% in August. This situation points to challenges in the labor market that need careful attention and support.
Technical Overview:
The GBP/JPY is trading above both short-term and long-term moving averages, which suggests a downward trend. The immediate resistance level is at 197.50. If the price breaks this level, it could rise toward 198.10/ 198.50,199.60/ or even 200.20. Support is at 196.70, and if that fails, the price could drop to 195.80 or 195.37.
Indicator Analysis:
The CCI and ADX indicators suggest a bearish trend right now.
Trading Recommendation:
Consider sell on rallies around 197.35-40 with SL around 198.10 and aim for a target price of 197.40.
GBPJPY BUYUptrend and higher bottom than bottom.
The price respected the golden Fibonacci zone and bounced from the demand zone 196.640
Good luck everyone 🍀
GBP/JPY plan for the upcoming week Weekly Overview
Market Structure & Key Levels:
The chart displays a potential Bullish Order Block formation with a strong focus on the 196.70 - 197.00 level. This level acts as a primary area of interest due to significant market reactions and serves as the Point of Control (POC) for the upcoming week.
A Break of Structure (BOS) has occurred, indicating a potential shift from a bearish to a bullish trend. This BOS acts as confirmation of a reversal if we see sustained buying pressure above these levels.
Harmonic Patterns:
The harmonic pattern highlighted around the previous highs signals a potential exhaustion point. This pattern confirms that sellers may encounter resistance if price reaches levels above 199.00.
Weekly Wave Analysis:
The Elliott Wave count suggests a completion of Wave 3 with the potential for a Wave 4 retracement towards the 197.00 - 197.50 range. If this retracement holds, we may see a bullish continuation to complete Wave 5.
Projected Price Movements:
Monday (M): A probable continuation of the retracement from previous highs, aiming for a correction towards the support zone around 197.00.
Tuesday (T): Expecting consolidation and a potential test of the 0.236 Fibonacci level around 196.70. Any price action below this level may invalidate the bullish scenario.
Wednesday (W): Possible bounce and start of an upward move if the correction holds, targeting 198.00.
Thursday (T): Bullish momentum could push GBP/JPY towards 198.60 - 199.00 if previous days’ levels hold. This level marks a critical resistance.
Friday (F): Anticipated end of the upward move and potential profit-taking. Resistance around 199.40 could act as the week’s high if buyers lose strength.
Risk Management:
A good stop-loss strategy would involve setting stops below 196.70 for buy positions on lower timeframes.
Monitoring volume profiles and price rejections around these key levels will be crucial for managing entries and exits effectively.
Summary
The week’s outlook for GBP/JPY involves a probable retracement early in the week, followed by a bullish wave continuation toward 198.60 - 199.40 by week’s end, provided key support levels hold. Keep an eye on major economic events and fundamentals that could impact JPY strength, as they could influence GBP/JPY movements in the anticipated ranges.
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GBPJPY #GBPJPY The trend is not confirmed yet till the swing low that caused the high is cleared or respected, but for now, just observe. I will drop more analysis once it’s clear.
Trend is key 🔑
So wait for the trend
