GBPJPY SHORTPotential short from this area High volume Order block with a previous break in structure of a key area. Have a potentialy LONG entry at the TP of this trade. Lets seeShortby Theintuitontrader2
Pound’s recovery is expected to find resistance GBP/JPY Price Analysis: Technical Outlook The pair has completed a bullish cycle at 193.55 and is going through a corrective reversal with scope for further decline. Bears have been contained so far at the 61.8% Fibonacci retracement of the March rally, but a failure to return above 190.75 would keep the negative structure intact. An AB=CD correction would push the pair through the 190.11 support area toward the 189.60 level. On the contrary. a confirmation above 190.75 and 1.91.50 would negate this view. SIGNAL SELL GBPJPY zone 190.700 - 190.850 -Take profit: 190.200 -Take profit: 189.800 Stoploss: 191.200 Shortby Phenol_fx116
Downward trend Considering the behavior of the price in the current resistance range, it is expected to continue the downward trend. If the price crosses the resistance range and stabilizes, the continuation of the downward trend will be canceled and after some fluctuation, the continuation of the upward trend will be formed. Shortby STPFOREX1
GBPJPY SHORT TERM BEARISH-Approached a selloff Supply zone -Partial Profits or profits taken my big money -Sell orders has chances of temporarily getting added by Big money -Fundamentally POUND is bearish in this term -Good chance to join this projected short term sell off of GBPJPY -Monitor PA in lower timeframesShortby Ramfx1010
Bearish Drop GBPJPY is currently at the pivot and could potentially fall to the support level that is close to the 78.6% Fibonacci projection Alternatively, if the price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 190.68 Support: 189.70 Resistance: 191.49 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party. Shortby ICmarkets0
GBPJPY the price may fall near 188,186,183 (D1)GBPJPY the price may fall near 188,186,183 (D1) after rejection by the Resistance trendline. After reaching a nine-year high of 193.55, the GBP/JPY fell further below 190.00 as buyers were unable to break through and target the 194.00 level. The pair was down 0.61% at 190.69 at the time of writing. Technical prognosis for the price analysis of GBP/JPY The GBP/JPY is still favorably skewed higher even though it is declining. The pair's decline was stopped by the Tenkan and Kijun-Sen convergence around 190.75, although there are still negative possibilities. Should sellers drive the exchange rate lower than that, the pair may try to reach 190.00. Since the psychological figure of 189.00 would be the next to rise, more losses are anticipated below that point. But since there is less resistance on the upward route, if they manage to regain the 191.00 mark, further gains should be anticipated. The high of today, at 192.23, and the 193.00 level would be the next resistance points. Summary The most recent price is 190.72. Today's Change in Daily Value: -1.25 Daily Change for Today: -0.65 Daily open as of today is 191.97 Trends Daily SMA20 190.28 Daily SMA50 188.85 SMA100 Daily~186.43 SMA200 daily is 184.59. Levels Previous Day's High: 193.51 Previous Day's Minimum: 191.85 Past Week High: 190.03 Previous Week Low: 187.96 Past Monthly High: 191.33 Previous Previous Monthly Low: 185.23 Every Day Fibonacci 38.2% 192.48 Every Day Fibonacci 61.8% 192.87 Point S1 of daily pivot: 191.38 Point S2 of daily pivot: 190.78 Every Day Pivot Point S3: 189.71 Every Day Pivot Point R1: 193.04 Everyday Pivot Point R2: 194.1 Everyday Pivot Point R3: 194.7 by Ali_ExplorerUpdated 1116
GBP/JPY currency pair is currently identified as being in a selThe GBP/JPY currency pair is currently identified as being in a selling zone, indicating a potential downward trend. The current exchange rate stands at 190.973 Japanese Yen for 1 British Pound. Traders are advised to consider setting multiple take profit levels to capitalize on potential downward movement. These levels include: Take profit at 190.30, to secure profits as the exchange rate approaches this level. Take profit at 190.00, offering another opportunity to lock in gains as the rate decreases further. Take profit at 189.50, aiming to maximize returns as the exchange rate continues to decline. To mitigate potential losses, a stop-loss order is recommended at 191.50. This level acts as a safety measure to automatically close the trade if the exchange rate moves unfavorably beyond this point, limiting the trader's exposure to further losses. It's crucial for traders to stay informed and monitor market conditions closely, as fluctuations in the forex market can occur rapidly, influencing trading decisions and strategies. Additionally, implementing risk management techniques, such as setting stop-loss orders and diversifying portfolios, can help traders navigate the inherent volatility of the forex market more effectively.Shortby FOREX_trade_01Updated 22131
gbpjpy longi have hit 1:1 on this trade. now i am going for my two options. lets see how this how this goes. if you can find buy opportunities then enter in longLongby mbm19446
GBPJPY SELLThe analysis suggests a potential short-term sell opportunity for GBP/JPY on the 12-hour timeframe. Here's a breakdown of the reasoning: **Bearish Signs:** * **Break of Support:** The price recently dipped below a key support level, indicating a potential shift in momentum towards a downtrend. * **Technical Indicators:** The analysis mentions terms like "Visible Range Hvn" and "Fixed Range Poc," which likely refer to specific technical indicators suggesting weakness in the GBPJPY pair. * **Pattern Break:** There might be a bearish chart pattern that has been broken, further strengthening the case for a sell. * **Order Flow:** "Inner Choch Area" possibly suggests a zone where smart money (large institutions) might be accumulating sell orders. **Potential Reversal:** While the analysis favors a sell, it also acknowledges a possible bullish reversal at a specific price zone. This area could find support due to various factors: * **Major Support:** This price zone might be a historically significant support level that could hold the price from falling further. * **Technical Levels:** The mention of "Pattern Target" and "Hidden Support" suggests technical indicators pointing to a potential buying zone at this price. * **Fibonacci Retracement:** "Fibo Godlden" likely refers to the Fibonacci retracement level, a common tool used to identify potential reversal points. * **Price Highs:** "P / Quarter / Year High" might indicate previous price highs at this level, which could act as psychological support. Overall, the analysis leans towards a short-term sell in GBP/JPY, but acknowledges the possibility of a reversal if the price finds support in a particular zone. Shortby keyshaardUpdated 5
CHART BREAKDOWN GBPJPY: Key Levels, Targets and Thoughts!🎯Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential supply zone (medium-risk sell zone) spanning from 190.900 to 191.000. Things I Have Seen👀: Medium-Risk Sell Zone🟠: Positioned between 190.900 and 191.000, suggesting another area with moderate risk for potential selling positions. Bearish Targets📉: 190.650: Possible retracement area. 190.250: Possible retracement area. 190.000: Are with laying low liquidity and forming another Break of Strucutre. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.Shortby TTradessss9
Reaction TradesMy new strategy, that I have taken from learning SMC, Fibonacci, S/R, market structure, has made me realize I love reactive trading. I have learned that after a big sideways range such as this one and the previous one, we need to look at the overall trend, and market structure, and focus on buying low, selling high within ranges, depending on the trend. This strategy so far has been working beautifully, sure it's not perfect, but currently, it's been working at around 70%, take a look at my previous trades on my profile as proof. Not financial advice, I just use this as my trading journal :) Shortby Dretrades20240
long GJlooking for a price retracement, then before NY opening, i 'll enter a long to this tp or near, careful cause mid term i still till bearish, but i think we going for a retestLongby FormedzeusUpdated 663
GBPJPY - new leg to upsideGBPJPY trending bullish for a long time, on previous analysis I had and idea of bullish movement without correction, but price respected trendline and now collecting power for going to upside. Good place to buy with short stop-loss.Longby traderstube1
GBPJPY is Ready For LONG PositionGBP / JPY is Going to get a good setup for LONG POSITION you can get this position with 0.7 LOT Good Luck & dont forget to set SL & TPLongby mazihowk227
GPBJPY - 12hrs ( Sell Trade Target Range 200 PIP ) 💵Pair Name GBP/JPY Time Frame : 12 hrs Scale Type : line chart + Candle Stick ------ 🔗 Key Technical / Direction ( Short ) Type : Mid Term Swing —————————— Bearish Break 190.500 Area Reasons - Major Turn level - Visible Range Hvn - Fixed Range Poc - Pattern break - inner Choch Area Bullish Reversal 188.400 Area Reasons - Major Turn level / D - Pattern Target - Hidden Support - Fibo Godlden - P / Quarter / Year HighShortby GoldenEngine1135
GBPJPY CLASSIC DUMPThis week opened with lots of surprises, we can see some change in big players which are currently showing several hawhish behaviours. I hope to see this pair drop to the level 189,230'. Shortby Drecocpt_1111
GBP/JPY LongThe pound gave us 50-60 pips last week but it wasnt fully ready to take off but as the yen continue to get weaker I expect the pound to fully go up this week Longby colemanantwan695
GBPJPY Sell opportunityGBPJPY is closing an imbalance which I suspect can present a shorting opportunity.Shortby msymossa4
GJWEEKLY Spinning tops at the current price (190.60), therefore we wait. DAILY 190.00 looks to be the rejecting price, we are moving up. 4H 190.60 is a strong level we bounced of and had candlestick confirmation to the upside. 1H 191.30 is where we are anticipating 15min 190.40 was our resistance and turned into our supportby Mhangwane10
gbpjpy- Previous Day candle closed Bearish. If we are looking for buys we will take on until daily resistance formed on 22 march 24 - If we are looking for sells we take on until 24th march 03 daily resistance. - Wait for 1 hour candle to close above or below zone to enter trade. - We risk 3-10% of our capital. Close trades once price reverses to opposite direction and 1 hour candle closes below/above order Block. - After hitting TP 1, always use B.E don't not re-enter new trade.by Mbugua-KeUpdated 1
GBPJPY GBPJPY has been ranging in an uptrend which failed to continue the trend. GBPJPY has touched our resistance level on 191.284 making it a strong reversal area multiple times. Then giving us a head and shoulder, then fallowing with breakout retest confirming that we might see a fall towards the 188.185 support.Shortby AnalysisExpert4
GBPJPYPrice did an inducement on the unmitigatged candle and now price should be headed upwards to take out liquidity.Longby TKF_Juice111