GBPJPY SELL UPDATE!!!!We have achieved 1:1
Now let aim for 1:2 gang
Secure half of the profits and leave the rest to run to Full TP
JPYGBP trade ideas
GBPJPY Strong bullish break out inside the Channel Up.GBPJPY is having its strongest (1d) candle today in almost 18 months.
The main pattern is a Channel Up and this rise is extending its new bullish wave.
The previous one retested the MA50 (1d) after crossing over it and the resumed the uptrend to peak on a +8.70% rise.
Trading Plan:
1. Buy on the next MA50 (1d) test.
Targets:
1. 204.500 (+8.70% rise).
Tips:
1. The MACD (1d) formed a Bullish Cross 9 days ago, the 3rd inside this 5month Channel Up, which confirms that we are on a bullish wave.
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GBPJPY SELL!!!!!GJ sentimental is bearish today, and early morning it just grabbed liquidity of the Asian session high. Now, let's take a short position
We first aim for 1:1 the 1:2 after securing some profits
GBPJPY Retraced For UsHi Traders!
GJ made a nice retracement to around 194.600, and is now trying to push above 195.000. In my last idea, I talked about how I needed price to get above 195.000 with followthrough. ( Please go read if you haven't already). Psychological levels for GJ are .000, .200, .500. As you can see right now we hit 195.500 and rejected heavy. So, watching for this set up. 🫡
Entry:195.500
TP 1: 196.500
TP 2: 197.000
SL: 194.100/.200
*DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
BEARISH GBPJPYThe GBP/JPY pair is currently exhibiting a bearish outlook as sellers seem to gain momentum, capitalizing on recent market dynamics. Here's a comprehensive breakdown of the pair's bearish sentiment based on current trading conditions.
1. Technical Analysis
Trend & Price Action
The pair has been trading within a descending channel, signaling a continuation of bearish momentum.
Recent price action shows multiple failed attempts to break above key resistance zones, reinforcing the dominance of sellers.
GBP/JPY is currently flirting with key support levels, and a decisive break below could trigger further downside.
2. Fundamental Drivers
Pound Weakness:
Recent UK economic data has been underwhelming, including weak growth figures and declining retail sales. This has weighed heavily on the pound, reducing its appeal.
The Bank of England’s dovish tone regarding future rate hikes amid signs of an economic slowdown adds further bearish pressure on GBP.
Yen Strength:
While the Bank of Japan (BoJ) remains accommodative, recent interventions and speculation of further action to strengthen the yen have bolstered the currency.
Geopolitical uncertainties and global risk-off sentiment have increased demand for the yen as a safe-haven asset.
GBPJPY Will Go Up From Support! Long!
Please, check our technical outlook for GBPJPY.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 194.719.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 196.745 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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i see GBP/JPY will be testing 180 in coming months of 2025A rejection from the upper resistance could signal a bearish move, leading to a test of lower channel support or further down to 180
Conversely, if the price breaks above the upper channel line, it may indicate continued bullish momentum.
GBPJPYThe Bank of Japan on Thursday held its benchmark interest rate steady at 0.25%, opting to take the time to assess the impact of financial and foreign exchange markets on Japan’s economic activity and prices. The yen weakened 0.3% against the dollar after the rate decision, trading at 155.42 and hitting a one-month low
SHORTThis morning I have placed short trades on GBP/JSP - this looks over bought and is currently bouncing upon the trend line. The nearest stop loss is placed at the highest point on the 2H candles. I expect this to break through the trend line and my TP is at 193.000
GBPJPY // minor long expansionThe market is in a H4/H1 countertrend within the daily minor long trend.
I'm waiting for a break of this countertrend and target the H4 breakdown zone (aqua) and the clean daily breakdown (green) - that is happen to be the border of the primary long trend's expansion phase.
The idea is valid until the daily impulse base is broken.
The H4/H1 countertrend is valid, so it may go further south, testing the daily breakout (blue).
———
We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present. 🏄🏼♂️
Your comments and support are appreciated! 👊🏼
Market Structure Analysis of GBPUSD Using SMCOn the 4-hour timeframe, the main is downtrend.
On the 1-hour timeframe, the main is uptrend.
On the 15-minute timeframe, the price shows a bullish reversal signal.
Therefore, there is a possibility that the price will rise and break through the previous high.
GBP/JPY eyes break of 2015 highThe BOJ held rates as expected and the BOE are expected to hold rates later today, and unlikely to provide a particularly dovish tone. With that in-depth central bank analysis out the way, I want to share a nice looking long setup on the daily and 1-hour chart. I also take a quick peak at seasonality in December which points towards a bullish bias over the near term.
MS
GBPJPY bullish to 196.722We currently see momentum to the upside combined with a break and retest formation on the 8H and strong rejections from the 194.8 area. Fibonacci analysis could also be relevant here
GBPJPY -- Short61.8 fib level on the daily and on lower 1H. Could be a little risky but risk reward ratio is favorable.
General outlook GBPJPY General outlook
GBPJPY Support levels are now located at 190.800 and 188.700.
If the pair rebounds from the support level, analysts recommend opening a Buy order with a take profit at the nearest resistance level. In case the breakout is confirmed, analysts suggest opening a Sell order.
Now, the resistance level is located at 193.600.
The upcoming news will not influence your orders within the mentioned period.
Some traders may close their positions on Friday, which can add more pressure to the market.
Long tradeLong trade with a tiny 1st tp target. When/if 1st tp is reached, im going to move my syops to breakeven
ShortWait for pullback to orange lines and sell this pair and take profits at next support level purple lines around 127 fib level
🤔 However if price breaks thru resistance orange lines wait for pullback and buy back up to where it last sold
GBPJPY BULLISHOverall trend of GBPJPY is uptrend, so i'm only looking for buy after it came back to retest the support which is also in line with my trendline. I'm for BUY right away.
GBPJPY Bearish ideaGBPJPY broke trough bullish structure. Looking for a retest of this zone followed by a move to the downside.
GBPJPY Bullish ideaGBPJPY has been in an uptrend for a while now, so I will be looking for bullish signals in this zone.
GBPJPYGeneral outlook
GBPJPY has been trading in a bullish trend within the last day.
Support levels are now located at 191.150 and 188.700.
Now, the resistance level is located at 193.600.
If the pair rebounds from the resistance level, analysts recommend opening a Sell order with a take profit at the nearest support level. In case the breakout is confirmed, analysts suggest opening a Buy order.
The upcoming news will not influence your orders within the mentioned period.
