GBPJPYSell on the theory markets ranges 70% of the time, and sell on the theory markets retraces 50% of previous leg 90% of the time. Find your 30m price action breakdown for entry. Shortby ComteSt.Germain5
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 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 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
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 TTradessss5
GBPJPY, Expecting Sell now in M15I am expecting GBPJPY sell now from M15 and M30 area as taking liquidity from OB.Shortby ForexFeverYT5
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
Could GBP/JPY reverse from here?Price is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support. Pivot: 199.30 1st Support: 197.45 1st Resistance: 200.69 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 ICmarkets6
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
GBPJPY TRADE SETUPwait for retest the entry level then take a trade for Buy otherwise skip this setupLongby JinnatAlamSumon2214
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 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
Swing Trading - Using Market Side and Opening Range FiltersSwing trading is a short-term strategy where traders aim to capitalise on small price movements within a financial instrument over a specific period. The goal is to capture gains from these "swings" in the market rather than focusing on long-term trends. In this example, I am trading the GBP/JPY using the market side and the session opening range as filters to determine high probability trading direction: Market Side: This helps to identify the overall trend or sentiment in the market. Session Opening Range: This is the price range between the high and low during the initial period after the market opens. It is used to set reference points for potential entry and exit levels. Here's a simple breakdown: Below the Market Side and Opening Range: If the price is below both the market side indicator and the opening range, this signals a bearish sentiment, and you look for selling opportunities. Above the Market Side and Opening Range: If the price is above both the market side indicator and the opening range, this indicates a bullish sentiment, and you look for buying opportunities. I use the Charts247_WT Custom Indicator Candles for entries and exits, which provide specific signals to enter trades and exit existing positions. This combination of trend filters and entry signals helps improve your trades' accuracy and timing, aligning your actions with the broader market context.Education13:38by Charts247TradingAcademy0
GBPJPY market structure on 4 hour time frame4H swing is bullish The main trend on the 4-hour timeframe is up. We only look for short opportunities when the strong bottom on the 4-hour timeframe is broken.by quangcttn0
Uptrend Considering that the price is stabilizing above the support range, it is expected that the upward trend will continue. Longby STPFOREX0
GBP Buy ideaPrice has created a buy channel. Buy channel has been broken to the downside and there has been a break of structure inducing sellers into the market. Price has created a supply level for a sellers, adding more pending sellers. To me this seems to be a trap to go short. My idea is to go long and minimum TP would be last H4 high.Longby wisedan33330