GBPJPY - Short IdeaThe GBPJPY currency pair is balancing at a very important zone near 184.00. If this important resistance zone is broken, then we can expect 189.9 & 195.86. Otherwise, we will see a big drop down to 172.1 & 155.3.
Gbpjpyanalysis
GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gbp Jpy Short GBP/JPY is experiencing a bearish pullback within the 183.030 - 183.183 - 183.420 range, signaling a potential decline in the pair. Traders should closely monitor the following technical and fundamental factors to capitalize on this short trading opportunity.
Technical Analysis:
Bearish Pullback: The recent price action shows a bearish pullback from the 183.420 resistance level, suggesting a potential shift in market sentiment and an opportunity for short positions.
Retesting Support: The pair is retesting the 183.030 support level, which has previously acted as a significant barrier. A decisive break below this level could trigger further selling pressure.
Fundamental Analysis:
GBP Weakness: The British Pound is facing challenges due to ongoing uncertainties surrounding Brexit and the UK's economic recovery. Geopolitical concerns and global market sentiment also contribute to the overall weakness of the GBP.
Risk Aversion: The Japanese Yen tends to appreciate during periods of market volatility and risk aversion. As investors seek safe-haven assets, demand for the JPY may increase, putting pressure on GBP/JPY.
Risk Management:
To manage risks effectively:
Stop Loss: Traders should consider placing a stop-loss order above the recent swing high near 183.420 to protect against potential bullish reversals.
Target Price: Profit-taking targets may be set around the 183.030 support level or lower, depending on the trader's risk tolerance and market conditions.
Conclusion:
The bearish pullback in GBP/JPY within the 183.030 - 183.183 - 183.420 range presents an attractive short trading opportunity. However, traders should exercise caution and adhere to strict risk management principles. Monitoring price action closely and staying informed about any significant developments that could impact the pair's direction are vital for making informed trading decisions. As with any trade, unexpected events and shifts in market sentiment should be considered, and positions may need to be adjusted accordingly.
GBP/JPY SHORTSThe previous set up did point towards going long, however the last time it broke above previous levels was jan 2016 so was slightly hesitant and didn't give me confidence, so after failing to give a solid break above structure, I am now waiting for a break back into previous structure and after a 4H close will wait for a break and retest on a smaller time frame and look for potential shorts
GBPJPY Trade PlanGBPUSD wait for breakout and trade in the direction of breakout.
Manage your risk according to account size!
GBPJPY, Expecting Down, updatedGBPJPY, i am expecting a down move because there is brearish formula candle on the top of the market which is also an resistance area + RSI level is also around 75 level, so expecting a short but consistent move.
GBPJPY Analysis 31July2023GBPJPY Analysis in accordance with last week's analysis where the price of bearish reached Wave (C). I am still in the positive view of this paar bearish. with the target in the lower SND area and the invalid area as the validation limit of this analysis. If you want to do a short, wait when there is a bearish candle that is quite thick.
GBPJPY Trade after taken liquidity of the buyside and mitigation of the supply zone we will see a drop of the price towards demande zone
- Trading is probability control your risk management
Good luck !
GBPJPY, H1 Expecting Strong SellGBPJPY, i am expecting a strong sell from recent price and if this fail, then i am expecting strong sell entry from 182.00 area.
#GBPJPY D1-4H Sell☑️Broke the structure on the D1 timeframe
☑️Broke the structure on the 4H timeframe (confirmation)
If we break the market structure up on the 4H timeframe, we we'll go a little higher before drop, but if we break the red level on the D1 timeframe, the analysis becomes invalid🙅♂️
Good luck 🙌💪
GBPJPY - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to continue the retracement to take out sell side liquidity and then to reject from bullish order block.
Like, comment and subscribe to be in touch with my content!
GBPUSD and GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY Analysis 26July2023Seeing the correction of this pair in the last 3 days has not shown a sign of correction will end. There is a possibility of complex correction with the composition of zig-zag wave. There are several limits where the price will return to bearish if it passes through a particular area.
GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY: Today!The release of new data from the ONS caused a significant drop in UK government bond yields as traders adjusted their expectations for future interest rate increases. Prior to the release, financial markets were anticipating a final UK Bank Rate of over 6%, but these expectations decreased to around 5.75% during the morning, resulting in a sharp decline in UK 2-year Gilt yields, which are sensitive to interest rates. Given the projected decrease in inflation in July, thanks to a lower Ofgem Energy Price Cap, it is possible that the UK has already experienced its highest interest rates.
GBPJPY Trade PlanGBPJPY testing the major support again and hopefully we can see rejection from the support zone.
Manage your risk according to account size.
GBPJPY going to have demand on discount price; looking for buyerCurrently in bullish trend on H4 and daily, in corrective wave.
Update on GBPJPY DIRECTION(Bull)Hello Traders in the previous week our ideas on the GJ pair has been awesome and accurate We have predicted the direction of the pair for months now and our ideas rate is 89% correct.
We continues to share our idea on the pair movement showing the direction its going.
We still believe the pair remains in the Bull run, the pair broke out a key area on the last trading day of past week and did a minor pullback, but we wait to see a little bit pullback again before to gather momentum for the bull run, our first Bull target was hit last week at 182.23 and we look forward to see the rest being achieved.
We keep our plan to buy the pair from dip and will take advantage of the selling opportunities available, as the pair trades around an area of value in the 4HR timeframe mitigating the gap and pushing to reach a higher high for the bull. The pair has form a double bottom pattern indicating a Bullish move after trading in side ways for the past few days last week until the breakout occurred.
Bullish Target; 182.23 DONE, 183.24, 183.799, 184.4, 186.3 188.2
Bearish Target; 180.7, 180.3, 179.5, 177.6
Dont forget to hit the like, share, comment, and follow bottom.
#Vimhype
GBPJPY LONG TERM TRADING IDEAHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
🟢This Chart includes_ (GBPJPY market update)
🟢What is The Next Opportunity on GBPJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBP/JPY Surges Past 20-Day SMA Amid Anticipated BoJ DovishnessThe GBP/JPY pair remains bullish in the short-term perspective as shown by the daily chart. The Relative Strength Index (RSI) has surged past the midpoint, indicating a bullish tilt, and the Moving Average Convergence Divergence (MACD) records subtle red bars, signaling an ebbing selling pressure. The pair is strongly positioned above the 100-day and 200-day SMAs, suggesting that the bulls are in command. Moreover, the dovish bets on the Bank of Japan (BoJ) before next week’s meeting, as well as the strong UK Retail Sales figures, are providing more traction for the bullish sentiment.
Place a buy order at 182.60, aiming for a take profit level at 184.00, while keeping a stop loss at 180.00. This plan is based on the current bullish trend, and it is subject to change if major news or market events affect GBP/JPY.
TRADE IDEA DETAILS
CURRENCY PAIR: GBP/JPY
CURRENT TREND: Bullish
TRADE SIGNAL: Buy Signal
👉ENTRY PRICE: 182.60
✅TAKE PROFIT: 184.00
❌STOP LOSS: 180.00
This trade setup provides an opportunity to benefit from the ongoing bullish sentiment on the GBP/JPY pair. However, as with all trading activities, it's crucial to use risk management techniques and not to invest more than you can afford to lose.
GBPUSD Analysis. Plan for next week.Hello Everyone. I want share my idea about GBPJPY pair.
At this pair we had a strong bullish trend, the trend was almost without HL, then price stopped and start consolidating, which was good for traders to identify where are buyers. last week we saw some strong bullish movement from 179.7 LVL which i think has power for brake resistance at 183.8 and then retest weekly resistance at 189.5.
after touch to weekly resistance i think we will see good low for enter long position. i think long because JPY index is also strong bearish.
Here is my scenes of price movements.
1 bullish - price going higher brake weak resistance at 183.8 then make retest it and test weekly strong resistance at 189.5.
2 bearish - price is not strong enough brake support at 179.7 LVL and coming down.
BE PATIENT!!!
