GBPJPY CONTINUATION SELL? GBPJPY has retraced back its previous support zone. I believe it will continue to sell from this zone. Shortby BlackSheepFinancial2
GBPUSD enter in bearish modeGBPUSD has broken higher low in one hour time frame know the trend is turning bearish good opportunity for a short trade with a small stop loss.Shortby kashif19992
GBPJPY-BEARISH-TRANDGBPJPY is in a bearish trend as it formed bearish diver gen and printing lower high anf lower lowShortby FazalSiyal2
GBPJPY Trade IdeaVery likely Price will tap in our zone and then go. It can also invalidate our zone. Always look out for confirmations.Longby RobertOprisor13
Short GBPJPYLooking to short GBPJPY. GJ is currently trading a VERY strong uptrend, when it moves like this counter trading must be smaller take profits. Considering this, I am still looking to short based on what the chart shows us. Confluences: Previous weekly high/weekly intra key level Alignment to AUDJPY Entry price: 200.420 Stop: 200.900 Target: 199.80 With alignment across JPY pairs, this gives a level deeper than just technical. Catch you later traders ▲ Shortby FalkenFxUpdated 113
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
GBPJPY- Previous Day candle closed bullish . If we are looking for buys we will take on until daily resistance formed on 21 feb 05 and tp 2 on 20th may 04 - If we are looking for sells we take on until tp 1 on 24 dec 04 and tp 2 on 20th jun 05 daily resistance. - Wait for 1 hour candle to close above or below zone to enter trade.After hitting TP, you are done for the day. - We risk 5-10% of our capital. Close trades manually once price reverses to opposite direction and 1 hour candle closes below/above order Block. - After hitting TP 1 or any TP {dont not re-enter new trade} , for TP 2 always use B.E .by Mbugua-KeUpdated 3
GBPJPY Ascending Channel Breakdown: Potential Short OpportunityIn ths analysis, we are looking at the 15-minute chart for GBP/JPY on the OANDA platform. The price action has been confined within an ascending channel, characterized by higher highs and higher lows. However, the recent price movement indicates a potential bearish reversal, as evidenced by the formation of a bearish candle near the upper boundary of the channel.by ezzie_trades3
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 8
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
GBPJPY Sell/ShortNew sell short for GBPJPY sell short. I have a TP for 196.971 set in and a stop loss can be set for 25 pips. Please message me for any questions in regards of this trade. Shortby KingTraderFX3
#GBPJPY: 1500+ Pips Upcoming Bullish Trend| GBPJPY| Setupsfx_| Hope all of you having a great weekend, Today we will be having a look at GBPJPY, the pair was extremely bullish since January as YEN plummeted at the record low. BOJ decided not to change its interest rate policy and decided to kept the rate as it is, leading fear within the investors which lead yen to plumment even further. However, price dropped significantly after creating a record high created AB=CD PATTERN. Now we expect price to continue the bullish run upwards 205 area and beyond. The perfect entry will be on Monday London session. Use marked blue lines as entry and stop loss points. Good luck and trade safe. Longby Setupsfx_Updated 101051
GPBJPY TRENDLINE BREAKOUT SELLHere on GBPJPY price has broken the trendline after a series of bouce on support area this show there is likely to have have a huge move down sice the previous trend was not healthy enough. So the target profits should be at the previous support level of the first and the second previous support for another take profit. Shortby FrankFx142
📈🔔 *Heads Up Investors! GBPJPY Surge Alert!* 🔔📈Heads up, traders! 🌟 GBPJPY is heating up and setting new records! 🔥 Check this out: 🔍 GBPJPY Overview: 📊 Intense action between 199.295 and 199.493. 🤔 Will it break through? 📉 Bearish Outlook: 📉 Potential drops if it falls below! 🎯 Targets: 199.649, 199.975. 📈 Bullish Outlook: 📈 Look for buys if it climbs above! 🎯 Targets: 199.090, 199.031 and 198.955. 💬 Join the Buzz: 💬 Share your thoughts! 🗣️ Let’s reach new heights! 💼💫by hanalyeeforex2
lookingn for retracementif price drops back down, im looking to enter a long around here, but im expecting it to hard pump, if no pump or any rejection, i'll close it. Longby FormedzeusUpdated 1
CHART BREAKDOWN GBPJPY: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential demand zone (medium-risk sell zone) spanning from 198.550 to 198.400, respectively, are highlighted. Things I Have Seen👀: Medium-Risk Buy Zone🟠: Positioned between 198.550 and 198.400, suggesting another area with moderate risk for potential buying positions. Bullish Targets📈: 199.000: Possible retracement area. 200.000: Possible retracement area. 200.300: Possible retracement area. 201.000: Liquidity area. 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. Longby TTradessss2
📉⚡ *Heads Up Investors! GBPJPY Rally Watch!* ⚡📉🔥 Attention traders! 💎 GBPJPY is soaring, shattering benchmarks with elegance! ⚡ Here’s the update: 🔎 GBPJPY Analysis: 📈 Locked in an intense battle between 200.250 and 200.414. 🧐 Is a breakout imminent? 📉 Bearish Scenario: ⏬ Stay cautious for potential drops if it falls below the range! 🎯 Targets: 200.050, 199.995. 📈 Bullish Scenario: ⏫ Watch for buying signals if it climbs above! 🎯 Targets: 200.540, 200.550. 💡 Join the Conversation: 🗨️ Share your insights as we navigate this sterling journey! 📢 Let’s achieve new milestones together! 🚀by hanalyeeforex1
possibility of uptrend If the price can cross the resistance range, it will be possible to continue the upward trend up to the specified resistance levels. Otherwise, the corrective process up to support levels will be possibleby STPFOREX1
WRONG analysis and direction.Appreciate the time to the person who read it. If any questions about concepts or methodology comment down below.:) Shortby JJFX11
GBPJPY - Bearish Trade The chart in bullish trend depicted Harmonic Reversal Bearish AB=CD chart pattern. The trade plan is Sell stop at breakout of last HL of bullish trend at 198.174, Stop loss at first LH at 200.003 and TP 1 at 196.335 & TP 2 at 194.490. After trade exexution at 198.174, sellers will remain in control. Bearish Divergence is observed at PRZ (Potential Reversal Zone) of bullish trend.Shortby ZubairShah911
GBP/jpyi can see my pattern form on the 5 min is confirm by a fvg i can see g/j is strugleing breaking that HH so i m goona aspect a bersih impact because of that Shortby Thund3r_FXUpdated 8
GBP/JPY Rally Pushes RSI Towards Overbought ZoneGBP/JPY approaches the April high (200.55) following the failed attempt to close below the 50-Day SMA (192.88). GBP/JPY Outlook GBP/JPY climbs to a fresh monthly high (198.59) to push the Relative Strength Index (RSI) towards overbought territory, with a move above 70 in the oscillator likely to be accompanied by a further advance in the exchange rate like the price action from last month. GBP/JPY may further retrace the decline from the April high (200.55) as it carves a series of higher highs and lows, with a break/close above the 199.80 (61.8% Fibonacci retracement) to 200.50 (78.6% Fibonacci extension) region opening up 202.00 (23.6% Fibonacci extension). However, failure to clear the above the 199.80 (61.8% Fibonacci retracement) to 200.50 (78.6% Fibonacci extension) region may keep GBP/JPY within the April range, with a move below the 195.28 (August 2015 high) to 195.89 (June 2015 high) area opening up the 192.40 (50% Fibonacci extension) to 193.50 (38.2% Fibonacci extension) zone. --- Written by David Song, Strategist at FOREX.comby FOREXcom1