GBPJPY: One last pushThe price is currently at the RBS area of daily, & forming a double bottom on H4. look for the opportunity to the upside in the lower time frame. Trade safe.Longby wonderpittUpdated 3
GBPJPY SHORT?My outlook is that price will fill that imbalance, and then go ahead to take liquidity below. We could potentially see a drop to even 189.500. What's your take? Follow if you find value here ❤️ Shortby pelumiajilore632
GBPJPY ON A STREADY DECLINE THIS WEEKIt’s Asian session and we’ve found out price keep resisting the area of 191.200. So far, sellers have been dominating the market this week and we anticipate a bearish price action to be developed later today. Target-190.775Shortby Cartela0
GBPJPY BUYGBPJPY Buy from Demand Zone ENTRY: 190.750 TP: 191.350 SL: 190.600Longby mo_snipes-fxUpdated 7
GBPJPY: Bearish Pattern & Pullback📉GBPJPY has recently shown a dynamic head and shoulders pattern on the 4-hour chart. The neckline of this pattern was broken today, leading to a close below it. This breakout suggests a potential correctional movement as buyers may be losing momentum. I anticipate a bearish movement towards 190.35 or lower.Shortby linofx14416
GBJPY : This level for trade 4hrHello friends . We see the chart of GBPjpy start and open sell trade at this point Sell trade entry :191.274 sl:191.693 tp:189.739Shortby RezaBorzooei2
GBPJPY Sell Target 190.250Busy thursday of movement expected daily tweezers tops to come into fruition and be respected, 1H head and shoulders pull back and fall GBP news 10:00 GMT Shortby Travis_duncz111
GBPJPY | 1D IdeaGBPJPY is currently displaying an uptrend, characterised by the formation of higher highs and higher lows on the daily timeframe. If the price surpasses the 193 level, it is likely to continue its upward movement towards the next resistance zone at 196. Conversely, a breach of the support at 189 would indicate a potential short-term peak and shift the bias towards the downside, with a target around the 170 level.Shortby GOLDFXCCUpdated 5
GBPJPY In the GBP/JPY pair's 4-hour timeframe, a bearish movement is evident as the Elliott Wave analysis suggests completion of the 12345 sequence, indicating a potential correction. Following this, the correction pattern ABC is anticipated. Moreover, with the price having completed around a 38% retracement of the last impulse, further downside movement aligns with a potential downtrend scenario. Traders may monitor key support levels for potential entry points in line with this bearish outlook.Shortby forex_info5
GBPJPY H1Didn't expect that the chart would go sideways. So I'll set OP until the RSI crosses the trendline as entry confirmation.by VoxNexusUpdated 3
GbpjpyA decent short set up . Enter with 0.3% of account . The risk reward is 1:1.5 . If you win 60% of the time you are in a very god position in the long run . Shortby Majeddd2
GBPJPY AS EXPECTED 🔥90+ Pips done!!!! Absolute TP can be an illusions sometimes. Always practice safety precautions by taking partials, and moving Stop-Losses 💯 Follow if you find value here ❤️Shortby pelumiajilore632
looks interestingif price gets rejected on the 1hr close i'll enter a short till this tp. Or even if price gets stuck within 10m, i'll look to pre-enter. if 1hr candle goes to our entry but we still have alot of time till the next candle i won't enter it. i'll wait to see some entries for 15m Shortby FormedzeusUpdated 113
GBPJPY FRESH SUPPLY ZONE READ DESCRIPTIONThe GBPJPY pair is currently positioned within a supply zone on the 15-minute time frame, indicating a potential area of selling pressure. Additionally, a new fresh bearish divergence has been identified, suggesting the possibility of a trend reversal to the downside. Examining the trading sentiments from the last two days on the 15-minute time frame, there were 70 sell signals, 18 neutral signals, and 22 buy signals. This data indicates a predominance of selling pressure in the short term. Looking at client sentiments from the past month, which indicate how traders are positioned in the market, 66% of clients have taken sell positions, 20% have taken buy positions, and 14% have remained neutral. This overwhelmingly bearish sentiment among clients suggests a consensus view that the GBPJPY pair may decline further. Now, delving into the technical aspects, several indicators point towards a bearish outlook for the GBPJPY pair. The Moving Average Convergence Divergence (MACD) indicator is signaling a sell, indicating potential downward momentum. The Commodity Channel Index (CCI) is at -89, reflecting strong bearish momentum in the market. The Average Directional Index (ADX) at 22.54 suggests a developing trend, potentially indicating the strength of a downward move. Both the Exponential Moving Average (EMA) and Simple Moving Average (SMA) from the shorter 10-day to the longer 200-day periods are indicating a sell signal, further confirming the bearish bias. The Hull Moving Average (HMA), Volume Weighted Moving Average (VWMA), and Ichimoku Cloud (Ichikumo) are all indicating sell signals as well, reinforcing the overall bearish sentiment. In summary, the technical analysis, combined with trading sentiments and client positioning, suggests a bearish outlook for the GBPJPY pair. Shortby MOAZAM1133Updated 334
GBP/JPY Pending LongI am currently in this trade but if I was you I would wait until Asian session but price is at support and looking to re test recent high so I am Long on this pairLongby colemanantwan692220
Gbpjpy dip like raining here a opportunity read the caption On the daily chart, we can see that GBPJPY got rejected by the upper bound of the rising channel and extended the drop as the BoE made another step towards rate cuts with the hawkish members changing their vote from a hike to a hold. From a risk management perspective, the buyers will have a much better risk to reward setup around the lowerShortby Mrsam361
GBP/JPY at a CrossroadsIn the most recent trading session, GBP/JPY has encountered resistance, potentially indicating a pause in its previous upward trend. The pair's price action seems to be reflecting broader market caution as investors digest disappointing consumer confidence data and anticipate upcoming economic reports including GDP, unemployment claims, home sales, and the Revised University of Michigan Consumer Sentiment. Technical analysis: The pair is currently testing a significant support trendline, as depicted by the ascending black line on the chart. This trendline has historically provided a foundation for the price, suggesting a crucial juncture for GBP/JPY's directional bias. The red line near 193.490 represents a resistance level that has capped the recent rally. Notably, the price is oscillating near the 190.700 zone, forming a consolidation pattern above the trendline. A decisive breach below this support could see the pair shift towards a bearish outlook, with potential targets near the 189.00 psychological level. On the flip side, maintaining above this trendline could reignite bullish sentiment, possibly challenging the 193.49 resistance once again. Our position: With critical economic data on the horizon, we adopt a cautious stance. We are monitoring the pair for a potential breakdown below the support trendline which would align with a short-selling strategy. Conversely, should the upcoming economic releases bolster market confidence, and the pair maintains its support, we would reassess for bullish entries. The anticipation surrounding these reports may lead to increased volatility, offering trading opportunities based on the market's reaction.by TradingFXio1
GBPJPY Intraday setupFound Divergence & Double Top on M30 Price is near Supply Zone 190.50 Is possible TP But still long term bullish *Not A Financial advice just for education please take measures before taking any trade and consult your finance advisorShortby KshaikhUpdated 2
GBPJPY 30 M SELLS.1. Entry Taken During London Session. 2. Price Failed to Break the Highs Indicating Sells Over Buys. 3. Price Created An Impulsive Push to The Downside indicating Sells. 4. Price Created a New LH.Shortby singhsaharsha940
GBPJPY SELLGBPJPY sell from supply zone Entry: 191.500 TP: 190.700 SL: 191.675Shortby mo_snipes-fxUpdated 225
GBPJPY SELL NOW!!!!!!!!!!!!!!!GBPJPY Just took out the sell side liquidity and am quickly expecting a pull back retest for shorting GJ to 187.800 level am using stoploss of 191.800 JOIN AND ENJOY........ Tell us what you think...............?Shortby CAPTAINFX24
GBPJYP UPDATE 🔥Price is almost at projected TP🔥 Follow if you find value here ❤️Shortby pelumiajilore631
GJLet's stay watching because where price currently is (190.90) is a level to watch. We close below here, have a rejection, confirmation candles then we know we are looking to stay going down. 1hr has already given us 1 confluence, we need 3 before we enter. It is forming a second one but has not confirmed it yet. RISKY TRADE IDEA, enter the market with sells but closely monitoring the SL you place in because this move is not yet complete. I will stay watching and waiting for the perfect entry.by Mhangwane10