GBPJPY
GBPJPY H1 - Short SignalGBPJPY H1
This play was huge yesterday, a monster 332 points in total we saw GBPJPY sell off, immediately from the EUR/LON bell too. Those first hourly candles sold off as much as 160 points, offering around 2 to 2.5R in very quick succession. This was really enjoyable to see unfold. No doubt ***GBP pairs as mentioned have be wild to trade recently, especially with the trading antics we saw on Friday, with the 600 point swing.
Lets see what else is offered today, sitting on the side-lines until things start to shake up for us and offer the next entry points.
GBPJPY Trendline Breakout , All eyes on BuyingHello 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
GBPJPYGBPJPY . Potential long opportunity.
We believe that GBPJPY will continue to the upside after coming down to our PBA (Pull Back Area). Our entry is sitting at the pullback area at 190.402 . We are looking for breaks of 193.289 and 195.862 which would confirm our target 197.500 where our TP is sitting at. Our SL is sitting at 188.127 and if broken, it would result in deeper pullbacks which would not be out of the ordinary based on a weekly timeframe.
PARAMETERS
- Entry: 190.402
- SL: 188.127
- TP: 197.500
KEY NOTES
- GBPJPY has fallen to our PBA.
- Break above 193.289 and 195.862 would confirm higher highs.
- Break below our SL would result in deeper pullbacks.
Happy trading!
FxPocket
Bearish drop?GBP/JPY is rising towards the resistance level which is a pullback resistance that is slightly below the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 193.36
Why we like it:
There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement.
Stop loss: 195.91
Why we like it:
There is a pullback resistance level.
Take profit: 190.36
Why we like it:
There is an overlap support level.
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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.
GBPJPY H8 - Short SignalGBPJPY H8
We have a nice setup here yet again, with our crosshairs on that 193 handle for GBPJPY. Last weeks price movement on Friday was wild, to say the least, over the eastern session we took off 100's of points, before closing the day down towards 190 price. 600 points from top to bottom we saw, from the likes of ***JPY, this was very impressive!
With the exception of the fakeout to the upside, albeit it headline driven, we have now seen a subsequent correction, which takes us back towards that 193.000 handle, a confluence zone and an area we could look to sell.
Stops would be around 50 points at 193.500 covering recent highs, and take profit targets would be every 100 points.
Overlap support ahead?GBP/JPY is falling towards the support level which is an overlap support that is slightly above the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 189.02
Why we like it:
There is an overlap support level which is slightly above the 61.8% Fibonacci retracement.
Stop loss: 186.62
Why we like it:
There is an overlap support level that lines up with the 78.6% Fibonacci retracement.
Take profit: 193.29
Why we like it:
There is a pullback resistance level.
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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.
#GBPJPY 1HGBPJPY 1-Hour Chart Analysis
Pattern Identified: Bearish Market Bias with Focus on Selling at Pullbacks
Forecast: Sell
Outlook for Next Week: Good Luck
On the 1-hour chart of GBPJPY (British Pound/Japanese Yen), the market is showing a clear bearish bias, with sellers in control of the overall price direction. In this environment, the primary strategy will be to focus on selling opportunities during pullbacks. These pullbacks are temporary upward movements that retrace part of the decline before the bearish trend continues.
By identifying key resistance levels and zones where price retraces, traders can prepare to enter short positions when the upward retracement weakens and the price resumes its downward move. This approach aims to capitalize on the prevailing downward momentum while avoiding entering trades at potential lows.
Actionable Insight: Traders should be patient and vigilant for signs of pullbacks towards resistance levels or Fibonacci retracement zones. Once price hits these areas and shows signs of resuming its bearish trend, it can provide an optimal entry point for a sell trade. Using tight stop-loss orders above resistance areas or retracement highs can help manage risk effectively.
Good Luck for the Next Week: Stay disciplined, and may your trading week be successful!
GBPJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
GBPJPY possible week ahead trajectory GBPJPY has strong drop past week with JPY news has broken out of the structure. The price is currently below the weekly support level as with the formation of a weekly pin bar, there still bearing momentum. We may see further downside with GBPJPY, may drop to weekly support and could continue to bounce back to 194.25 level with strong momentum.
GBPJPY: Inverse Head and Shoulders calls the bottom.GBPJPY got oversold on its 1D technical outlook (RSI = 28.124, MACD = -0.770, ADX = 29.222) as it was rejected today on the 1D MA50. On Sep 16th it touched the bottom of the long term Channel Up and rebounded, while the 1D RSI has been on a bullish divergence. We expect this bottom to be in the form of an Inverse Head and Shoulders. We are aiming for the 1D MA200 and the 0.5 Fibonacci level (TP = 150.500).
See how our prior idea has worked out:
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GBPJPY posted a false breakoutIntraday Update: The same think happened with a lot of the JPY pairs overnight after Ishiba looks to be the next Japanese PM and is more in line of the BOJ's thinking (continue to tighten mon pol) and we have seen a lot of false breakouts like the GBPJPY which hit the 127% extension to 196.22 and reversed. Now we'd expect sellers back at the 193.70 level on any intraday rally.
GBP/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
It makes sense for us to go short on GBP/JPY right now from the resistance line above with the target of 183.099 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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GBPJPY - Look for Continuation Long (SWING) 1:6!GBPJPY has rebounded from the HTF support level, breaking the trendline in alignment with a bullish market structure, indicating strong buying activity. There's currently no sign of reversal. On the HTF, a solid double bottom has formed, suggesting market sentiment may push the price higher. This is further supported by the recent BOJ decision, showing no urgency to raise interest rates, reinforcing the bullish momentum.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
GBPJPY : TRADE IDEACup and handle chart pattern
I like to see 193.502 breakout from the previous high and then retracement before entering the market.
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal**
Thanks a lot for your support
Potential bullish bounce?GBP/JPY is falling towards the support level which is a pullback support and could bounce from this level to our take profit.
Entry: 193.28
Why we like it:
There is a pullback support level.
Stop loss: 190.41
Why we like it:
There is an overlap support level that lines up with the 38.2% Fibonacci retracement.
Take profit: 199.15
Why we like it:
There is a pullback resistance level that aligns with the 161.80% Fibonacci extension.
Enjoying your TradingView experience? Review us!
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.
GBP_JPY BULLISH BREAKOUT|LONG|
✅GBP_JPY is trading in an
Uptrend and the pair broke
The key horizontal level
Of 193.500 which is now
A support and the breakout
Is confirmed so we are
Bullish biased and we will
Be expecting a further
Bullish continuation
LONG🚀
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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 Best long-term buy signal you can get.The GBPJPY pair closed last week above the 1W MA50 (blue trend-line) and this week opened above the 1D MA50 (red trend-line). The long-term pattern has been a Channel Up since the September 2022 market bottom and since the July-August Bearish Leg, the pair has been pricing its new bottom (Higher Low).
The break-out above the 1D MA50, while at the same time the 1W RSI breaks above its MA, has been the ultimate long-term buy confirmation during the last bottom formation in February 2023. Since the Bullish Leg that followed rose by +20.15% and a little below the 2.0 Fibonacci extension, we expect a similar rally, thus settling for a 220.000 Target.
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GBP/JPY Short Setup: Bearish Opportunity on RetestWe’ve seen a strong upward move in GBP/JPY, but the price is now breaking below the ascending trendline, signalling potential bearish momentum.
Entry Strategy: I’m looking to enter on a retest of the broken trendline near the 192.58 zone, once confirmation of rejection occurs.
Trade Levels:
Stop Loss (SL): 194.000
Take Profit (TP1): 190.131
Take Profit (TP2): 188.685
Take Profit (TP3): 186.672
Take Profit (TP4): 183.762
Risk management is key. Be patient and wait for the retracement entry and confirmation before entering the trade.
XAUUSD 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.