GBP/JPY ( Short )Hi traders. It's looking like this pair is heading lower. Intraday trade. In and out. I'm waiting on the lower timeframes for a bearish chart pattern for entry.Shortby GuardianFX111
GBPJPY: Day 3 longs breakout traders in the marketHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial Balance Wednesday DAY 3 (reset DAY 1) Mid Point Week ✅ Day 1 cycle Thursday DAY 2 Friday DAY 3 Closing Range 2. SIGNAL DAY First Red Day First Green Day 3 Days Long Breakout 3 Days Short Breakout Inside Day 3. WEEKLY TEMPLATE Pump&Dump Dump&Pump Frontside ✅ Backside 4. THESIS: Long: secondary, considering this market still (at the moment) on the frontside move, it could keep going higher if price drop at least on the LOD; Short: primary, CP to LOD can be an interesting scalping opportunity if the market keep consolidating around the CP level. Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni Shortby GianniPichicheroUpdated 668
Falling towards 23.6% Fibonacci support?GBP/JPY is falling towards a support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 198.03 Why we like it: There is a pullback support level which aligns with the 23.6% Fibonacci retracement. Stop loss: 195.74 Why we like it: There is a pullback support level which lines up 50% Fibonacci retracement. Take profit: 200.53 Why we like it: There is a pullback resistance level. 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.Longby VantageMarkets4
GBPJPY Poised to rise furtherGBPJPY Poised to rise further The price broke out of the second intervention zone when the BOJ intervened in the market almost three weeks ago. There is no reason for GBPJPY to move down at this moment as long as BOJ is doing nothing to support its currency. All the JPY trades are showing a win-win game which is getting insane. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️Longby KlejdiCuniUpdated 5538
GBPJPY Daily ChartGBPJPY is dropped aggressively and and created a SCOB along with displacement which indicates a bearish momentum. ERL was taken and now target is IRL which are mentioned in the chart.by FineTrader7863
GBPJPYThis Weekly FORECAST Opportunity for GBPJPY. This setup trading idea is for swing. >> TAYOR Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.Shortby TREND-TITAN2
GBPJPY EVERYDAY TRADE SETUP Dear All, This my idea for sell once sell candle Confirm then only i go short this is my ideas only. what you flow your trading statistics you can continue. you need more my ideas flow meShortby TradsTrendTacticsUpdated 9
GBPJPY: Watching for Bearish Confirmation After Uptrend Channel GBPJPY presents a potentially lucrative opportunity for day traders, but caution is advised. This analysis explores the current price action and outlines a potential short trade setup. Technical Analysis: Uptrend Channel Breach: The price has potentially broken above the uptrend channel on the daily chart. However, the validity of this breakout is questionable. Bearish Engulfing Pattern: A bearish engulfing candlestick pattern has formed on the daily timeframe, following another red candle. This suggests a potential reversal of the uptrend. Fibonacci Retracement: Based on your chart (which I can't see directly), you identified the 61.8% Fibonacci retracement level as a potential downside target. Trading Strategy: Confirmation is Essential: Entering a short trade right now is not recommended. Wait for confirmation of a bearish reversal. This could involve a daily candle closing below the 23.6% Fibonacci retracement level or a strong bearish candlestick pattern forming. Risk Management: Given the potential for a false breakout, proper risk management is crucial. Define clear entry, stop-loss (above the channel or a recent swing high), and take-profit levels based on your strategy and risk tolerance. Important Considerations: Market Context: Fundamental factors and economic news releases impacting Japan and the UK can influence price movements. Staying informed can provide valuable context for your trade. Do Your Own Research (DYOR): This analysis provides a potential trade idea, but it's not a guaranteed outcome. Always conduct your own research and analysis before entering any trade. Remember: The forex market can be unpredictable. Shorting any currency pair carries significant risk. By combining this analysis with proper risk management, additional research, and waiting for confirmation, you can make informed trading decisions in the GBPJPY market.Shortby OMGiTzREALHASSAN2
GBP/JPY For Bearish as Pull-Back Correctionyou can go short now and take any target or until creating higher low at red arrow or in fibo range (50:61) - General Trend is Up so don't open high trade volume - Current Area is High Daily Resistance have fun :) Shortby maxbayne3
GBPJPY 1H Timeframe AnalysisGBPJPY 1H Timeframe Analysis As per Elliott wave trend reversal sign. The daily market is moving very slowly just look at the bullish candle. Shortby institutional-trader-community8
GBPJPY - SellStopSell Stop - Bearish Divergence - PZR due to completion of ABCD Pattern Shortby rehmanrafique220
GJ Mid Week Mark UpGJ opened above the daily open. No real news for the rest of the week. I feel that GJ will go along with the trend for a stable buy. With daily trends bullish. SL is set for 35 pips. Please abide to your trading plans and trade with proper risk. Feel free to increase SL. As always a buy and sell are placed. Take or take both. Good luck!Longby Just_that_Chic0
GBP/JPY at Highest Level in Over 15 YearsGBP/JPY at Highest Level in Over 15 Years As shown by today's GBP/JPY chart, the exchange rate has not only surpassed the psychological level of 200 yen per pound but has also exceeded the peak of 29 April 2024. The market is now experiencing prices last seen in 2008. The main driver of the pound’s strength against the yen is the difference in monetary policies enacted by the central banks. While the Bank of England maintains a rate of 5.5%, in Japan it is 0.10% (having been kept unchanged at -0.10% from January 2016 until March 2024 – over 8 years). Can the GBP/JPY rate go even higher? Fundamentally, if the imbalance in interest rates persists, it creates conditions for a continued rally. According to Business Recorder, the Bank of Japan (BOJ) will act cautiously within its inflation targeting framework. BOJ Governor Kazuo Ueda noted that some issues are "exceptionally challenging" for Japan after many years of ultra-loose monetary policy. “The absence of significant interest rate movements poses a considerable obstacle in assessing the economy’s response to changes in interest rates,” he said. Technical analysis of the GBP/JPY pair on the 4-hour chart today indicates that the price is in an uptrend (shown by the blue channel). However, the 200 yen per pound level is showing signs of resistance: → It is a psychological “round” number. → In April, the Bank of Japan intervened at this level to support the excessively weak yen, which might make buyers act more cautiously. → An analysis of the chart shows that the bulls have been unable to push the price to the upper boundary of the ascending channel (shown by the red circle). This is a bearish sign, which can be interpreted as a weakening bullish impulse after surpassing the psychological level. If the GBP/JPY price can hold above the 200 yen per pound level, it will increase the likelihood that the May uptrend channel will remain valid. Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen3310
GBP/GPY ( Exhaustion )We have come to the previous top from a month ago. We are also extremely overbought. I expect a breakdown here once we close below current structure. Shortby GuardianFX2
GBP/GPY ( Exhaustion )We have come to the previous top from a month ago. We are also extremely overbought. I expect a breakdown here once we close below current structure. Shortby GuardianFX3
GBPJPY : BULLISH upto 201.2 Levels🎯🎯🎯 GBPJPY BUY @200.35❗️ Sl: 200.1 (25 unit pips risk), Tp1 : 201.20 (85 unit pip target). GBPJPY Buy Limit @200.25❗️ Sl: 200 (25 unit pips risk), Tp1 : 201.2 (95 unit pip target).Long01:32by tripplepips0
GBPJPY : BULLISH upto 201.2 Levels🎯🎯🎯 GBPJPY BUY @200.35❗️ Sl: 200.1 (25 unit pips risk), Tp1 : 201.20 (85 unit pip target). GBPJPY Buy Limit @200.25❗️ Sl: 200 (25 unit pips risk), Tp1 : 201.2 (95 unit pip target).by tripplepips0
check the trend It is expected that after some fluctuation and correction, the continuation of the upward trend will be formed and it will advance to the specified resistance levels. If the price cannot stabilize above the previous ceiling range, the possibility of a corrective process up to the specified support levels will be possibleby STPFOREX0
ALERT: Correction To 195 Imminent??The guppy has been steadily rising for the past 18 trading days after a significant drop due to likely BOJ intervention. So, what’s next? In my opinion, this pair is highly overbought across all time frames. A correction seems imminent. If you look at the daily chart, the steep and prolonged uptrend suggests a significant drop is likely. The 4-hour chart provides an even clearer picture of this steady climb. In trading, such prolonged upward movements often precede a drop. Today, I entered a position at 200.60. My first target is a move down towards 195, with the potential for a deeper correction to 193 or lower. Long-term, this pair is very bullish. The 190 to 193 area could be a good entry point for long-term buyers, aiming for a move towards the monthly SELL/SUPPLY zone starting at 211. However, if the price breaks below 190, it could trigger a larger sell-off as large traders take profits. For now, a short-term sell seems appropriate given the current extreme overbought conditions. Let me know your thoughts in the comment section belowShortby TheFxAce131319
GBP/JPY Pushes Above April HighGBP/JPY pushes above the April high (200.55) to register a fresh yearly high (200.65). GBP/JPY Outlook The three-day rally in GBP/JPY has pushed the Relative Strength Index (RSI) above 70 for the second time this year, and the overbought reading in the oscillator is likely to be accompanied by a further advance in the exchange rate like the price action from last month. A close above the 199.80 (61.8% Fibonacci retracement) to 200.50 (78.6% Fibonacci extension) region may push GBP/JPY towards the 202.00 (23.6% Fibonacci extension) to 202.40 (50% Fibonacci extension) zone, with the next area of interest coming in around 204.90 (61.8% Fibonacci extension). However, failure to extend the recent series of higher highs and lows may pull the RSI back from overbought territory, and lack of momentum to hold above the 199.80 (61.8% Fibonacci retracement) to 200.50 (78.6% Fibonacci extension) region may push GBP/JPY back towards the 195.70 (61.8% Fibonacci extension) to 196.60 (23.6% Fibonacci extension) area. --- Written by David Song, Strategist at FOREX.com by FOREXcom4
GBPJPY Longs: Classic Mean Reversion - Fear Based TradingThe Japanese Yen is currently exhibiting weakness in the forex market, particularly highlighted by its recent 4.5% decline against the British Pound (GBPJPY). This decline follows the Bank of Japan's (BOJ) intervention efforts. While such sharp movements may evoke fear among traders, it's essential to recognize historical patterns. The BOJ's interventions have historically demonstrated short-term impacts, often followed by reversals. Traders should bear in mind that currencies like the British Pound (GBP), Euro (EUR), and US Dollar (USD) typically rally against the Japanese Yen (JPY) in response to such interventions. Understanding these historical trends can help traders navigate market fluctuations and make informed decisions amidst short-term volatility. The best way to navigate this trade would be to start small and add onto your positions as price rallies. Longby TheForexMessiahUpdated 7
interestingI am looking for some support around this entry then I'm going to longLongby FormedzeusUpdated 447
GBPJPY LONGForgot to publish this two days ago when i entered in the trade. But still in and still up. If you come across this coodles to youLongby Phiwayinkosi26Updated 0