GBPJPY 1H Timeframe AnalysisGBPJPY 1H Timeframe Analysis As per Elliott wave trend reversal sign. The daily market is moving very slowly just look at the bullish candle. Shortby institutional-trader-community8
GBP/JPY: Identifying a Reversal Following a Strong AbsorptionFollowing the successful closure of our previous position in this currency pair, which yielded a profit, we are now closely monitoring the market for signs of a potential reversal. This observation is based on the appearance of a strong absorption candle around the 200.55 area, which initiated a price retracement. The price has since retraced and returned to approximately the 80% value area. At this juncture, we are detecting indications of a possible new reversal towards the imbalanced areas. This setup suggests that the market might be poised for another significant move. By analyzing the price action and the behavior of the absorption candle, we aim to capitalize on this potential reversal. It is crucial to keep an eye on the imbalanced zones as these areas may provide opportunities for profitable trades. Our strategy will involve carefully monitoring these levels and adjusting our positions accordingly to maximize our returns.Shortby FOREXN1228
GBPJPY LONGThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify anyLongby akmalsabran909
GBPJPY Poised to rise furtherGBPJPY Poised to rise further The price broke out of the second intervention zone when the BOJ intervened in the market almost three weeks ago. There is no reason for GBPJPY to move down at this moment as long as BOJ is doing nothing to support its currency. All the JPY trades are showing a win-win game which is getting insane. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️Longby KlejdiCuniUpdated 5538
gbp/jpy bulish continuationi aspec j/j to breakout my trend line and continuing to the up side Longby Thund3r_FX2212
GBP/JPY Faces Downward Pressure Despite Market 'Yenterventions'On Wednesday, GBP/JPY experienced a slight decline, easing to 200.30 but remaining close to multi-decade highs near 200.75. The pair has drifted into bullish territory as markets seem to dismiss potential "Yenterventions" by the Bank of Japan (BoJ), which have yet to be confirmed. Despite speculation about direct intervention in global foreign exchange markets, the Yen continues to weaken. The primary driver behind the Yen's ongoing decline is the substantial interest rate differential between the Yen and other major global currencies. This wide gap in interest rates has kept JPY flows on the short side, as investors seek higher yields elsewhere. Even with repeated warnings from BoJ policymakers, the market continues to sell the Yen, demonstrating limited impact from these interventions. Furthermore, the BoJ's stance and actions have been under scrutiny, as their commitment to maintaining ultra-loose monetary policy contrasts sharply with the tightening cycles observed in other major economies. This divergence in monetary policies exacerbates the Yen's depreciation, as higher interest rates elsewhere attract capital flows away from Japan. From a technical perspective, GBP/JPY shows signs of divergence on the higher time frame charts. This divergence indicates a potential bearish setup, suggesting that the pair might be due for a correction after its recent highs. Technical analysts often use such divergences as early indicators of potential reversals in trend, as they reflect underlying market conditions that may not be immediately apparent in the price action alone. In addition to the technical signals, the broader market sentiment and macroeconomic factors should be considered. The ongoing uncertainty regarding the BoJ's actual interventions and the general risk sentiment in global markets could influence GBP/JPY movements. As such, while the pair currently remains in bullish territory, traders should stay vigilant for signs of a potential reversal, particularly given the mixed signals from both fundamental and technical perspectives. In summary, GBP/JPY has shown resilience near multi-decade highs despite the BoJ's warnings and potential interventions. However, the significant interest rate differential and technical indicators of divergence suggest a possible bearish setup. Investors and traders should closely monitor both the BoJ's actions and broader market trends to navigate this complex trading environment effectively.Shortby FOREXN1116
A BUY OPPORTUNITY MAY ARISE IN GBPJPY Price may go bullish from the current market price as buyers bargain more! Price currently trades at 199.341 If bullish trend tends to develop more. We may see price hover around 200.750 levelLongby Cartela4
GBPJPY - LONG Trade Call -1h - AB=CD Harmonic PatternOn 1h , AB=CD pattern has been drawn. Since there is no RSI divergence as well, therefore, Bullish Trend is likely to continue till reaching Potential Reversal Zone. Be watchful there for any reversal. My trade values are depicted on chart. Keeping Risk/Reward ratio to 1 and 2 respectively for two trades. Longby ASAD_G47Updated 228
GBPJPY: Important Decision Ahead 🇬🇧🇯🇵 GBPJPY closed this week, approaching the year's high. Because the trend is strongly bullish, probabilities will be high that the market will keep going higher. Next week, wait for a bullish breakout of the underlined blue area. A daily candle close above 200.75 will confirm the violation. A bullish continuation will be expected then. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader115
GBPJPY CUP & HANDLE PATTERN GBPJPY ins forming a cup and handle pattern on its daily chart the price is trading below the breakout 172.136. ST: 169.913 Target zone 1: 62%: 182.524 79%: 185.309Longby TradeChartPatternsLikeTheProsUpdated 3333
Falling towards 23.6% Fibonacci support?GBP/JPY is falling towards a support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 198.03 Why we like it: There is a pullback support level which aligns with the 23.6% Fibonacci retracement. Stop loss: 195.74 Why we like it: There is a pullback support level which lines up 50% Fibonacci retracement. Take profit: 200.53 Why we like it: There is a pullback resistance level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Longby VantageMarkets4
GBP/JPY For Bearish as Pull-Back Correctionyou can go short now and take any target or until creating higher low at red arrow or in fibo range (50:61) - General Trend is Up so don't open high trade volume - Current Area is High Daily Resistance have fun :) Shortby maxbayne3
GBP/JPY Pushes Above April HighGBP/JPY pushes above the April high (200.55) to register a fresh yearly high (200.65). GBP/JPY Outlook The three-day rally in GBP/JPY has pushed the Relative Strength Index (RSI) above 70 for the second time this year, and the overbought reading in the oscillator is likely to be accompanied by a further advance in the exchange rate like the price action from last month. A close above the 199.80 (61.8% Fibonacci retracement) to 200.50 (78.6% Fibonacci extension) region may push GBP/JPY towards the 202.00 (23.6% Fibonacci extension) to 202.40 (50% Fibonacci extension) zone, with the next area of interest coming in around 204.90 (61.8% Fibonacci extension). However, failure to extend the recent series of higher highs and lows may pull the RSI back from overbought territory, and lack of momentum to hold above the 199.80 (61.8% Fibonacci retracement) to 200.50 (78.6% Fibonacci extension) region may push GBP/JPY back towards the 195.70 (61.8% Fibonacci extension) to 196.60 (23.6% Fibonacci extension) area. --- Written by David Song, Strategist at FOREX.com by FOREXcom2
Key area sell on GJWe looking for GJ to take out these lows and continue down , 4hr timeframe is at key area and sells will be heavy Shortby YourGodson3
GBPJPY Ascending Channel Breakdown: Potential Short OpportunityIn ths analysis, we are looking at the 15-minute chart for GBP/JPY on the OANDA platform. The price action has been confined within an ascending channel, characterized by higher highs and higher lows. However, the recent price movement indicates a potential bearish reversal, as evidenced by the formation of a bearish candle near the upper boundary of the channel.by ezzie_trades3
GBPJPY BUY NOW!!!!!!!!GBPJPY is having a strong support zone at 199.726 now the price is trying to reject from that level getting ready to create a new highs am going in on a long from this zone with tp 202.000 JOIN AND ENJOY.........Longby CAPTAINFX23
possibility of uptrend After some fluctuation, the continuation of the downward trend is expected to be formed up to the specified support range. If the price crosses the 78.6% level, the continuation of the upward trend is likelyLongby STPFOREX3
GBPJPY Daily ChartGBPJPY is dropped aggressively and and created a SCOB along with displacement which indicates a bearish momentum. ERL was taken and now target is IRL which are mentioned in the chart.by FineTrader7863
GBPJPYThis Weekly FORECAST Opportunity for GBPJPY. This setup trading idea is for swing. >> TAYOR Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.Shortby TREND-TITAN2
GBP/JPY BEARS ARE STRONG HERE|SHORT Hello,Friends! GBP-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 195.915 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GBP/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals114
GBP/GPY ( Exhaustion )We have come to the previous top from a month ago. We are also extremely overbought. I expect a breakdown here once we close below current structure. Shortby GuardianFX3
GBPJPY SELL | Idea Trading AnalysisGBPJPY is moving in an ascending channel. The price has an opportunity to test the resistance zones. If the price cannot break through the resistance level, it is expected that there is a chance that the price will fall.. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝Shortby TheGrove337
GBPJPY H4 | Bearish Drop?Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 199.61, which is a multi-swing high resistance. Our take profit will be at 197.96, a pullback support level. The stop loss will be placed at 200.56, which is a swing-high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Shortby FXCM119