GBPJPY IS PRINTING DOUBLE BOTTOM ON 1HGBPJPY is printing double bottom with bullish divergence on 1H time frame which is indicating reversal so my Entry point is 191.242 Stop Loss is 190.563 and Take profit is 191.926 which is 1:1 Longby rizwanahmed06030
GBPJPY Trade idea from a six figure funded traderGBPJPY ranged for the whole of last week, ranging between 2 prices. We have an area down here where we see 2 days/2daily candles which had 2 releases of high impact GBP news. Following these 2 days we see price start to creep up before JPY news came out and cause the break in structure. We can see we have an uptrend at the moment and GBPJPY is at an all time high so could this run continue? Longby Theintuitontrader0
LongHey, just starting to mark up charts so any and all feedback help. this is by no means a signal just my thoughts on the charts, lets see how this plays outLongby kylesears1
GBPJPYThere appears to be no reason to refrain from pursuing a short position, assuming the price action aligns accordingly. This scenario has the potential to evolve into a substantial range. At the very least, I anticipate considerable resistance in this area, and that is without even considering the bearish pressure on the monthly candle. If the price breaks through and closes above this zone, it opens us up for the 213.50 area. Please consider the timeframeby TechknowLobster0
GBPJPY Trend Analysis Week of April 1stWeekly= Bullish. Daily= Bullish. 4H= Bullish. Price currently rejecting 50% Daily Fib. As long as 4h maintains structure we are still good for buys. If 4h shift's structure wait for confirmation of buys again. Only looking for buys this week.Longby JasonFosterII0
GBP-JPY - BULLISHGBP-JPY - BULLISH Our ascending triangle was broken above, and now the previously resistance zone is confirmed as support zone.Longby sfc953
Short (Bearish Bias) I've been charting with a new strategy, that I've been enjoying to see the results of my hypothetical trades. Due to manipulation, it may vary slightly but I do believe the trend is bearish and I do see some more down side potential :)Shortby Dretrades2024Updated 3
buy and sell limetWhen he breaks the specified areas as shown in the chart, it is assumed that he will continue his way towards the goalsby zohertech0
GBPJPYQuick one on GBPJPY Buys expectation -- expecting price to break and close above $191.154 target will be $191.604 for buys above $191.604 if there's a candle closing.. target will be $191.947 -- Sell expectation -- for sell i'm expecting price to print below $190.703 and close then my sells will be executed for a target of $190.399 area... for sells below 190.399 if there's a candle closing.. target will be $189.769.by Movementfield2
GBPJPYPotential Buy or sell move on GJ price rejecting support we can aim for some bullish moves toward the upside if price doesn't clear support. Pay attention to our technical analysis & where we mark out.by AFFINITY_MARKETS221
GBP/JPY Holds Steady Amid Easter Break, Eyes Bearish ContinuatioAs the financial markets took a pause for the Easter holiday, the GBP/JPY pair maintained stability around the 191.00 level on Friday, showing minimal movement. Meanwhile, Federal Reserve Chair Jerome Powell made statements emphasizing the adaptability of monetary policy to various economic scenarios. Technically, the price experienced a reversal near 193.500, as anticipated in our previous analysis, leading to a decline of nearly 200 points. Currently, the pair is consolidating within a range, forming a triangle pattern that appeals to enthusiasts of technical analysis. Our analysis indicates a bearish continuation for the GBP/JPY pair, considering its correlation with the GBP/USD, which is currently in a bearish trend on the H4 and lower timeframes. For further details, you can refer to our previous analysis of GBP/JPY by following the provided link. Shortby FOREXN11113
GBPJPY: TECHNICAL ANALYSIS.Hello traders, Wave 5 has probably ended at 193.538 zone. ABC Correction is aimed at getting to 187.700 zone. Thanks.Shortby MASTERPIECE100
GBP/JPY now at the current price of 190.924Consider buying GBP/JPY now at the current price of 190.924, with an entry point set at the same level. We're targeting multiple take-profit levels: 192.00, 192.50, and 193.00. To manage risk, set a stop loss at 189.80. This trade is confirmed, but it's crucial to implement proper risk management strategies. Don't miss out on this opportunity!"Longby FOREX_trade_01Updated 33146
GBP/JPY Awaiting Launch: Ascending Triangle Breakout?Daily Chart Perspective: On the daily canvas, OANDA:GBPJPY GBP/JPY is painting an interesting picture. The pair has formed an ascending triangle, a bullish continuation pattern, with its upper resistance at 193.538. A series of Fair Value Gaps (FVGs) above the resistance add fuel to the bullish bias, suggesting an upward breakout could be imminent. 4-Hour Chart Clues: The 4-hour timeframe reveals price action compressing within the triangle, with the 0.75 Fibonacci retracement level at 190.540 serving as a robust support platform. This level has repeatedly been tested, proving its significance and potential as a springboard for the next big move. Trade Idea: Entry Point: An aggressive approach would be to enter near the 0.75 Fib level, anticipating the breakout. A conservative strategy might wait for a clear break and retest of the 193.538 level. Stop Loss: We'll position our stop loss just below the triangle's lower trend line around 189.540 to protect against false breakouts. Take Profit: Should the breakout materialize, we'll aim for the first FVG target around 195.000, with room to run higher into the uncharted territory outlined by subsequent FVGs. The confluence of ascending support and the consolidating price suggests GBP/JPY is gearing up for a significant move. We're monitoring this setup closely for confirmation of direction, ready to capitalize on the triangle's textbook resolution.Longby Shyx922
GBPJPY - WEEK 14My short swing trade setup on GBPJPY. Aligns perfectly with the 50% wick of the weekly pin bar. Got a limit for this one. Targeting the volume level of the 4H cluster as a first target. Shortby HB-Forex_113
GBPJPY Will Go Lower! Sell! Take a look at our analysis for GBPJPY. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 190.950. The above observations make me that the market will inevitably achieve 189.762 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. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 226
GBPJPYgpbjpy is in clear uptrend at higher time frame and it will target new high from mentioned support zone. Longby learningportal222
Gbpjpy swing trade what next ? Read the caption A push below 191.00 could pave the way for a deeper pullback. The next support would be the Kijun Sen at 190.71, followed by the March 25 wing low of 190.32. A breach of the latter would expose the next support level at 190.02 On the other hand, if GBP/JPY stays afloat and rallies above the Tenkan-Sen, that would open the door to challenge 192.01. Further gains are seen above that level, with the 193.00 mark, followed by the current year-to-date (YTD) high of 193.54Longby Mrsam360
GBPJPY - Interesting buying zone!Hello everyone! Here is my opinion on GBPJPY: We have liquidity ahead of the zone. We have an interesting unmitigated zone. We have an optimal fibo zone. We're in line with the trend. So that's why I'd see GBPJPY bounce off the zone and go higher! 🚀 If you liked it and want more, feel free to subscribe and boost the publication! Longby InfiniteY12
THE POWER OF 3 STRATEGYTHE POWER OF 3 Consolidation manipulation distribution or AccumulationLongby DOLLAR-DON221
GBP JPYGJ is on an uptrend for quite a while now creating a new high recent intervention from BOJ and historical rate hike failed to alter the current bullish scenario. looks like its ready to go higher in the coming weeks look for potential buy opportunity carpe diem! Longby Sixth_sense_trading444
interestingworried about news for usa coming in 1.5hrs, but we still bearish short mid term. at least re-test the shorts on dailyShortby FormedzeusUpdated 2
GBPJPY Long trade ideaIn general uptrend seen on bigger timeframes. Getting close to previous reaction zones. Scalp and swing trade idea. Hitting reversal zones before shooting for the sky again. Longby comprehensiveA91442