USD and GBPJPY Pullback trade OANDA:GBPJPY took a hit on monday falling upto 0.5% and I expect the pair to close on red on this week. Bank of Japan will be trying to have the situation in control and to prevent the currency from falling past beyond repair. FX:USDJPY also expected to take the same path after it failed to beat previous highs around160 mark. A fall in OANDA:GBPJPY Will bring 193.000 to 191 points under focus will FX:USDJPY will likely to test 150 t0 152 zone. On the upside scenario a break of 200.600 support for GBPUSD will likely test 203 to 205 as it moves towards 210. Same case scenario for FX:USDJPY If it moves past 158 and 160 high then it will advance to 163 and 165 ****************************************************************************************88 Always conduct your analysis before placing any trade and use a hard stop lossShortby alonso780224
GJ Rising Wedge Break!Here I have GBP/JPY on the 1 HR chart! Price has been following what looks to be a Rising Resistance and Rising Support forming a RISING WEDGE!! Early this morning on disappointment of GBP strength, we seen price BREAK BEARISH strongly on the pattern!! I believe price is now retracing to the Rising Support of the Wedge to test as a VALID BREAK for confirmation that price will CONTINUE DOWN!! *Currently waiting on the Re-Test of the Rising Support Break! Upon VALIDITY, I will be looking to SELL!Shortby Novi_FibonacciUpdated 226
GBPJPY BIg ShortFaked out previous daily level and came bake. Short till 195.00Shortby SamiullahBukhari8
sell gbpjpy only if you give me confirmationI will look for confirmation to take advantage of the pullback to my original zone to continue buyingShortby aayou_fx113
GBPJPY TRADE SETUPwait for retest the entry level then take a trade for Buy otherwise skip this setupLongby JinnatAlamSumon2214
GBPJPY is at decision point--------------GBPJPY EITHER WAY-------------- This pair is at decision point at the moment. There are two scenarios, both have 50% change. Now the best thing one can do is to watch the next couple of hours (NFP can be a trigger) how this course will behave. I am waiting for the short opportunity but there is a massive bull trend, so this bullish sentiment can prevail. The best asset a trader can have is patience. This is where most of the traders fail and it is even harder when you are in profit. Take care and trade well! This is not a financial advice, do your own analysis and research. by Szuperpotyka3
GBPJPY WILL GO HIGHER BUYTP-1-------15Pip TP-2-------35Pip TP-3-------Full TP Manage SL during news time, intraday trade tp and sl mentioned not a financial adviceLongby ArehmanB5
GBPJPY WILL EXPLODE BUYManage SL during news time, intraday trade tp and sl mentioned not a financial adviceLongby ArehmanB2
GBPJPY, Expecting Sell now in M15I am expecting GBPJPY sell now from M15 and M30 area as taking liquidity from OB.Shortby ForexFeverYT5
GBP/JPY BEAR MOVEGBP/JPY is looking to the downside with is breaking the support and the 200 ema. we could see a reversal to the down side what do you guys think?Shortby tourvilledamian5
CHART BREAKDOWN GBPJPY: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential supply zone (low-risk sell zone) spanning from 200.35 and 200.05. Things I Have Seen👀: Important Supply Zone🟢: Identified between 200.35 and 200.05, serving as a low-risk sell. Bearish Targets📉: 199.60: Possible retracement area. 198.90: Possible retracement area. 197.90: Possible retracement area. Ultimate Target: 197.30- Laying Low Liquidity 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 TTradessss118
GBPJPY Revese the trendin my opinion GBPJPY in reverse mode because its reverse from resistence level and making the bearish divergence on RSI. i take the trade on breaking last HL .Shortby asadiii3
SHORT GBP/JPY from 199.70The high of 200.55 back on 24th April saw a deeep and rapid decline in GBP/JPY. I SHORTED this pair at 200.18 at the end of May and exited when the price started to head north. I SHORTED again after when the price returned to the 200 level and exited for 80+ pips when the price hit the 200 EMA on H1. 2 candles ago GBP/JPY BULLS pushed the price back above the 200 and the last H1 candle was a wide doji indecison candle as was the last H4 candle. It cannot be ruled out that GBP/JPY BULLS wont push the price higher from these levels, the signs are that any move higher presents an opportunity to SELL. The H1 Andean OScillator is signalling SELL on H1. The last 4 H1 candles have closed near the 200 EMA. The RSI is heading south on H1. The MACD is signalling SHORT on H1 and is moving under zero. It has to be remembered that all JPY pairs are in an uptrend. GBP/JPY has been heading north since August 2020 so this pullback is just that - a pullback to lower ground. How deep is the question. Previously we've seen GBP/JPY pull back to the 50 EMA on D1 which comes in at 196.00 are so its well possible that this level could be reached but news over the next few days will impact direction. Today we have Final Manufacturing PMI and ISM Manufacturing PMI out of the US. Its unclear how much this pair will be impacted on the print so tighten stops just to be safe. Shortby forextraplaces1
GBPJPY Long IdeaRetail Sentiment is Bearish while Fundamentals and Technicals are still very bullish.by KerryDking5
uptrend It is expected that the price will cross the ceiling ranIt is expected that the price will cross the ceiling range and continue the upward trend until the specified resistance levels are formed Longby STPFOREX1
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 3335
GBPJPY for bearishLooking bearish for this pair after so long in bullrun mode. Hopefully. Trade with your own risk. Any idea please put on your comment. Tq Shortby ewtradersbhUpdated 8832
GBPJPY SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify anyShortby akmalsabran905
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 VasilyTrader2210
GBPJPY BULL ALWAYS Hey there on 1hTF the GBPJPY looking further go Upside from 199.00 So next week we can see upside above 200Longby DvsTraderfirm0