GBPJPYPair : GBPJPY ( British Pound / Japanese Yen ) Description : Double Top as an Corrective Pattern in Short Time Frame Break of Structure RSI - Divergence Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves Resistance Levelby ForexDetective12
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 LONGThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify anyLongby akmalsabran909
GBPJPY CUP & HANDLE PATTERN GBPJPY ins forming a cup and handle pattern on its daily chart the price is trading below the breakout 172.136. ST: 169.913 Target zone 1: 62%: 182.524 79%: 185.309Longby TradeChartPatternsLikeTheProsUpdated 3335
GBP/JPY Faces Downward Pressure Despite Market 'Yenterventions'On Wednesday, GBP/JPY experienced a slight decline, easing to 200.30 but remaining close to multi-decade highs near 200.75. The pair has drifted into bullish territory as markets seem to dismiss potential "Yenterventions" by the Bank of Japan (BoJ), which have yet to be confirmed. Despite speculation about direct intervention in global foreign exchange markets, the Yen continues to weaken. The primary driver behind the Yen's ongoing decline is the substantial interest rate differential between the Yen and other major global currencies. This wide gap in interest rates has kept JPY flows on the short side, as investors seek higher yields elsewhere. Even with repeated warnings from BoJ policymakers, the market continues to sell the Yen, demonstrating limited impact from these interventions. Furthermore, the BoJ's stance and actions have been under scrutiny, as their commitment to maintaining ultra-loose monetary policy contrasts sharply with the tightening cycles observed in other major economies. This divergence in monetary policies exacerbates the Yen's depreciation, as higher interest rates elsewhere attract capital flows away from Japan. From a technical perspective, GBP/JPY shows signs of divergence on the higher time frame charts. This divergence indicates a potential bearish setup, suggesting that the pair might be due for a correction after its recent highs. Technical analysts often use such divergences as early indicators of potential reversals in trend, as they reflect underlying market conditions that may not be immediately apparent in the price action alone. In addition to the technical signals, the broader market sentiment and macroeconomic factors should be considered. The ongoing uncertainty regarding the BoJ's actual interventions and the general risk sentiment in global markets could influence GBP/JPY movements. As such, while the pair currently remains in bullish territory, traders should stay vigilant for signs of a potential reversal, particularly given the mixed signals from both fundamental and technical perspectives. In summary, GBP/JPY has shown resilience near multi-decade highs despite the BoJ's warnings and potential interventions. However, the significant interest rate differential and technical indicators of divergence suggest a possible bearish setup. Investors and traders should closely monitor both the BoJ's actions and broader market trends to navigate this complex trading environment effectively.Shortby FOREXN1Updated 117
GBPJPY - Over-Bought Zone 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPJPY has been overall bullish, trading within the rising channel in blue. At present, GBPJPY is approaching the upper bound of the channel acting as an over-bought zone. Moreover, it is retesting a strong round number $200. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green zone and upper blue trendline. 📚 As per my trading style: As #GBPJPY approaches the circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richby TheSignalyst2224
GBPJPY SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify anyShortby akmalsabran905
GBPJPY Wave Structure on 1 Hour Timeframe4H swing is bullish => current is pullback dow. 1H swing is bearish => current is pullback up. We look for a sell opportunity down to the weak swing low of the 1 hour timeframeby quangcttn5
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 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
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 FOREXcom3
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 5
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.Germain4
A BUY OPPORTUNITY MAY ARISE IN GBPJPY Price may go bullish from the current market price as buyers bargain more! Price currently trades at 199.341 If bullish trend tends to develop more. We may see price hover around 200.750 levelLongby Cartela4
GBPJPY Long IdeaRetail Sentiment is Bearish while Fundamentals and Technicals are still very bullish.by KerryDking4
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
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
Key area sell on GJWe looking for GJ to take out these lows and continue down , 4hr timeframe is at key area and sells will be heavy Shortby YourGodson3
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
possibility of uptrend After some fluctuation, the continuation of the downward trend is expected to be formed up to the specified support range. If the price crosses the 78.6% level, the continuation of the upward trend is likelyLongby STPFOREX3
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
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