GBPJPY ShortJPY pairs are looking like liquidity is resting below it seems like it has already taken upside liquidity on this pair, now looking for a sell off to accumulate more buys later.
GBPJPY trade ideas
GBP/JPYgood chart for enter buy (buy zone from 195.184 _ 194.301)
target reverse zone 199.463 _ 199.937
GBP/JPY Technical Analysis
Looking at the 30-minute chart, GBP/JPY is showing some interesting movements.
Trend Structure: After a period of consolidation, the pair broke out of a descending wedge pattern. The price tested the upper boundary near 195.602, which appears to be a key resistance level. We could see some retracement here before a continuation of the upward trend.
Fibonacci Levels: The retracement zones are well-defined using Fibonacci levels. The price may pull back to one of the key Fib levels, such as 38.2% (194.712) or 50% (194.718), before resuming its bullish momentum. A deeper pullback could reach 61.8% (194.352), which aligns with another strong support area.
Support and Resistance: Key horizontal support levels lie around 194.752, 194.250, and 193.832. These levels are marked by green zones on the chart. The price will likely test these areas if a retracement happens before potentially bouncing back up.
MACD Indicator: The MACD shows signs of weakening bullish momentum, with the MACD line starting to flatten. This could signal a short-term pullback, aligning with the potential Fibonacci retracement mentioned earlier.
Next Steps: If the price manages to hold above the 195.185 resistance level after a possible pullback, it could break through and target new highs, potentially testing 195.602 again and higher levels. However, a failure to hold these levels may lead to further declines towards the 193.832 support zone.
Bullish GBP/JPY
Beautiful market structure. simple but effective, price likely to push up to the 19600 area and will likely create a higher high.
GBPJPY LongGBP News dropped price but price seems to recover well and 4H structure still remains so until that gets invalidated it is still long for me we shall see if price decides to fill us in, price is reacting from the 1h supply.
GBPJPYif this was the only trade i could take today this would be it..
followed my plan
bearish trend all week, sell position could be a fake out
tp set
sl set
GJ shortif 1hr close on or below this line, im looking to short this to swing low 1hr. should have a retest, only if 1hr holds there, if still alot of time, can look at 15m
GBPJPY (15m) GbpJpy big bearish and now retested the zone 61.80 and tested with success and now we could see a sell til to 194.020, there are the zone of Buyers, lets see
GBP/JPY Analysis - Rebound Strategy We're currently seeing a potential rebound setup on the GBP/JPY pair with key levels to watch:
1️⃣ Short-term resistance around 194.800: After a significant upward movement, the price seems to face resistance here. A retracement to the support zone could be expected.
2️⃣ Support around 194.250: If a pullback occurs, this area could serve as a strong entry point for a bullish rebound, supported by the ascending trendline.
3️⃣ Potential targets: If the support holds, we may see a gradual rise toward resistance levels at 194.800 and 195.122.
📈 Bullish scenario: If the support holds, we could aim for higher levels as mentioned above.
🔻 Watch out for sellers: If the support breaks, we might see a decline toward the lower zone near 193.744.
GBPJPY short moveIf price should drop below our support level, then we will be expecting to see more bearish move.
GBPJPY Will Go Lower! Sell!
Take a look at our analysis for GBPJPY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 194.510.
The above observations make me that the market will inevitably achieve 193.839 level.
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.
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GBP/JPY H4 | Rising into multi-swing-high resistanceGBP/JPY is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 195.61 which is a multi-swing-high resistance.
Stop loss is at 196.35 which is a level that sits above the 127.2% Fibonacci extension level and a swing-high resistance.
Take profit is at 193.63 which is a multi-swing-low support.
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GBPJPY Sell OrderGBPJPY at 50% FIB retracement level, we can ee sell from current position with risk-reward ratio 2.
Mange your risk according to account size!
Gbpjpy sell tradeIf Gbpjpy rejects 194.700 and closes below this level than sell with tp @ 193.800
SL 195
If candle closes above 194.750 than this trade will be invalid.
Today is news day so be careful
Long buddy!!!I have a long bias for the rest of this week on this pair.
My 3 confluences have been triggered.
Price action on the chart
Macd divergence
Entry crossings
Ultimately to shoot up and make a New High
But for now 195.503 is my profit target
What are your thoughts?
Trade safely my friends
GBPJPY confirm 5000 pips tradej read the caption Intraday bias in GBP/JPY remains neutral for the moment. On the upside, break of 195.95 will resume whole rise from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35 next. Sustained break there will target 208.09 high. On the downside, below 192.87 minor support will turn bias back to the downside for 189.54 support. Further break there will target 183.70 support
GBPJPY Continued To Range. What's Next?Last week we didn't get much movement from GJ. Price continued to range so my initial bias is going to be neutral starting this week. Price is currently at a QP 195 so GJ still has my attention.
Key Res around 195.98
Key Sup around 189.59
I will try to update as we get more development...
GBPJPY Pull back signalGBPJPY is trading on a Channel Up but has turne sideways recently, indicating a potential top.
The last major formation has been a Death Cross (1d) and last time we had one was on January 17 2023.
The similarities between the two patterns are strong.
The MA200 (1d) is holding for now, if it breaks it will be the sell trigger for the trade.
Trading Plan:
1. Sell if the MA200 (1d) breaks.
Targets:
1. 188.600 (above the 0.786 Fib).
Tips:
1. The RSI (1d) is also trading inside a Channel Up and also portrays similar attributes as the 2023 fractal.
Please like, follow and comment!!
GBPJPY BUY ZONEHello frriends as i can this pair is now trading above a support level after a retracement now i am expecting a up move till these design levles charts are crystal clear Friends our risk Rwards is great in this trade Friends share ur thoughts with us do a proper research befor entring to any trade Support the idea so it help many Stay tuned for more updates
GBPJPY may pivot lowerGBPJPY displays a technical weakness, consolidating in the coil (a low-volatile trading range) above the dynamic support area. The recent strength of the British pound might be temporary. At the same time, the Japanese yen is strategically supported by the hawkish monetary policy of BOJ and ongoing inflation in Japan (which had reached 3% in August).
From the technical side, GBPJPY is locked in a triangular formation (chart pattern), and the new wave selling might be triggered from the possible retest of the higher boundary of this formation. Of course, the sell-off can start without a trigger, but the retest is usually a common trigger event.
Always do your research and manage risk at all times!
GBPJPY Will Go Down!GBP-JPY is going down
Now after the bearish
Breakout of the rising support
So after a potential local
Pullback we will be
Expecting a further move down !
GBPJPY Potential Trend ContinuationThe market is currently testing a key psychological support level at 193.000 after a period of consolidation following recent bullish momentum. If GBPJPY closes above the 194.000 level, it could indicate continued upward movement, setting the stage for a retest of the resistance zone above this level. Given the recent bullish sentiment, a clear break and close above 194.000 would likely signal further bullish moves, potentially pushing the price toward higher levels within the resistance zone. The target is the resistance at 194.500
