GBP/JPY Exhibits Selling Pressure After Hitting 200.75The GBP/JPY pair is experiencing selling pressure after reaching the 200.75 level. On higher timeframes, the price action reveals a divergence, indicating potential for further downside movement. Having closed our previous positions, we now see another trigger for a possible continuation of the short trend. Our outlook is bearish, anticipating a downward push. Technical Analysis Resistance at 200.75: The recent top around 200.75 has proven to be a strong resistance level, triggering selling pressure. Divergence on Higher Timeframes: The presence of divergence on higher timeframes supports the bearish outlook, suggesting weakening bullish momentum. Trigger for Short Continuation: Current price action indicates another opportunity for a short position, aiming to capitalize on the anticipated bearish push. by FOREXN11117
GBPJPY: Inside day, first green day, three days cycleHi 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 Thursday DAY 2 ✅ day 3 cycle 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: primary, potentially weekly dump and pump will be completed, looking for a buy low setup, targeting the HOW, where short traders are still in profit. Short: secondary, inside day can give a reversal trade when it setups up for a 3 session pump and dump, although not my main view for the day, I do not exclude the pump day of yesterday as the beginning of 3 days cycle pump and dump, completing the move on tomorrow. 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 Longby GianniPichichero664
GBPJPY GBPJPY is pulling back to the supply zone (POI). I am expecting the price to sweep the BSL to go short and target the SSL. Shortby NwanduFX5
Downtrend Line Breakout Detected At 199.792 06.06.2024- Downtrendline breakout detected to the upside on GBPJPY's 30-minute chart at 199.792. - If breakout holds, potential upward movement to 200.493. - Break above 200.493 may signal further ascent towards 201.385. - Conversely, if breakout fails, potential downward movement to 199.246. - Break below 199.246 could lead to further decline towards 198.807. - Apply risk management Apply risk management Source: BDSwiss Academy Page on Tradingview Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350)Longby BDSwiss_Academy0
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
BULLSWaiting for price to hit my 4h Poi and crest a reversal before I’m sure to take a buy to Amy for the Liquidity AboveLongby Andy_Col30
BULLSWaiting for price to hit my 4h Poi and crest a reversal before I’m sure to take a buy to Amy for the Liquidity AboveLongby Andy_Col30
*Heads Up Investors! GBPJPY Rally Watch!*🔥 Attention traders! 💥 GBPJPY is skyrocketing, setting new records with precision! 🚀 Here’s the scoop: 🔎 GBPJPY Insight: 📉 Locked in an intense battle between 199.280 and 199.689 🤔 Is a breakout on the verge? ⬇️ Bearish Forecast: ⚠️ Stay vigilant for potential declines if it drops below the range! 🎯 Targets: 198.752, 198.655 ⬆️ Bullish Forecast: 🚀 Look for buying opportunities if it pushes above! 🎯 Targets: 200.265. 🗣️ Join the Chat: 💡 Share your insights as we navigate this sterling journey! 💬 Let's reach new pinnacles together! 📈🌟by hanalyeeforex6
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
GBP/JPY Reflects Inside-Day CandleGBP/JPY appears to be defending the weekly low (197.21) as it no longer carves a series of lower highs and lows. GBP/JPY Outlook GBP/JPY may attempt to retrace the decline from the start of the week as it reflects an inside-day candle, with a move above the 199.80 (61.8% Fibonacci retracement) to 200.50 (78.6% Fibonacci extension) region bringing the May high (200.75) on the radar. Next area of interest comes in around 202.00 (23.6% Fibonacci extension) to 202.40 (50% Fibonacci extension), but lack of momentum to retrace the decline from the weekly high (200.65) may keep GBP/JPY within the May range. Failure to hold above the 195.70 (61.8% Fibonacci extension) to 196.60 (23.6% Fibonacci extension) area may lead to a test of the 50-Day SMA (195.02), with the next region of interest coming in around 192.40 (50% Fibonacci extension) to 193.50 (38.2% Fibonacci extension) should GBP/JPY no longer respond to the positive slope in the moving average. --- Written by David Song, Strategist at FOREX.comby FOREXcom3
Gbpjpy Fibonacci retractment.Confirmed sell entry.market about to continue falling from here.Shortby CurrencyMomentumFX1125
Gbpjpy sell1hr,1w,and 1D all day bearish direction, it's reacting at the imbalance level, there is also more liquidity to take, on the 1d timeframe is has a double top with a breakout and retest at the resistance line, bearish makret strucuture with lower lows and lower high, besrish trend Shortby seanstone1224112
GBPJPY Trade Breakdown 1.61RR 05/06/2024Trade Analysis and Strategy for GBP/JPY Today, I executed a trade on GBP/JPY with a risk-reward ratio of 1.61. Here’s a detailed breakdown of my approach, including my analysis, techniques, and strategies. Time Frame Analysis: - Time Frame: I focused on multiple time frames, including the one-minute and five-minute charts, to pinpoint precise entry and exit points. - Direction: Understanding the market direction is crucial. I analyzed the trend and momentum to ensure I was trading in alignment with the prevailing direction. Executing the Trade: - Avoiding High-Impact News: It’s important to stay out of the market during high-impact news events, often marked in red on economic calendars. Today at 2:45, I noticed Canadian news and chose to close my trade due to its potential impact. Similarly, I closed my position manually before the high-impact USD news at 3:00. - Risk-Reward Ratio: I maintained a 1.61 risk-reward ratio, which is a solid strategy. Remember, a win is a win, and profit is profit, regardless of the size. Don’t hesitate to secure a small profit—it’s better than a loss. Key Takeaways: - Avoid trading during red impact news events. - Stick to your risk-reward strategy. - Celebrate every profit, no matter how small. Thank you for your support! Please share, comment, and like this post to help me reach more people and spread effective trading strategies. MOHAMED AFRIDEEN ABDUL KALKShort08:36by AfrideenAyanAimen2
gbpjpy sellselling this pair with very high risk to reward ratio lets see how this goes now.Shortby mbm199
NEW PEAKGBPJPY Tendency the price is a long pressure in between 198.552 and 197.956 Turning level : The turning level between198.552 and 197.956 so as long as the price above this level, there will be a new peak resistance level : trade above turning level between 198.552 and 197.956 , the price will rise to 199.996 and 200.934 support level : braking a turning level 198.552, the price will reach the support level of 196.881 and 195.574 corrective level : price will attempt between 198.552 and 197.956 , correct itself before long Longby ArinaKarayi2
GBPJPY breakout daily Gbpjpy has tried to break 200 resistance several times now and overall trend is still bullish with some pullbacks. If Gbpjpy is able to break its 200 resistance it will test 211. Buy position at 201 after retest with tp each horizontal ray as plotted on chart and sl according to your risk. If it fails to break resistance than sell Gbpjpy at 197 after retest with tp as given on chart and sl according to your risk. by Ats93
gbpjpy short idea a new set of LL and LH are being formed. as long as the previous high isnt broken we should see minimum target 1 hit . this could be the start of a smaller downtrend within the overall trend itselfShortby billiionaire3
GBPJPY, Expecting Sell now in M15I am expecting GBPJPY sell now from M15 and M30 area as taking liquidity from OB.Shortby ForexFeverYT5
GBPJPY Still consider to dropLast week only got 180 pips and then bounce back to my breakeven entries. Take some partial profit at 180 pips. Still focus for bearish movement. If invalidation level broken, this setup will be invalid and i will recount it back. Fell free to share your idea too. Tq guysShortby ewtradersbhUpdated 14
ICT Short setup GBPJPY, H4 timeframe, Swing trade👋Hello Traders, Our 🖥️ AI system detected that there is an H4 or higher timeframe ICT Short setup in GBPJPY for Swing trade. Please refer to the details Stop loss, FVG(Sell Zone),open for take profit. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!Shortby ICT_Trader_SB5
ShortPrice is currently at a retest of the most previous low which is also a imbalance which indicates a buy. Price has just rejected from the nearest QP and has the potential to short 250 pips down. GJ is known to move from QP in one day. We are currently in a market pullback/ correction so this position should not be held long. Once we reach the next area of resistance, which is a strong daily resistance, we will buy. Shortby tstephen0102