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
📈🔔 *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
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
GBPJPY market structure at 4-hour time frame4H is swing bullish => current is pullback dow We buy in this OB order blockby quangcttnUpdated 6
GBPJPY: Bullish continuation. 1D MA50 in full support.GBPJPY is almost overbought on its 1D technical outlook (RSI = 69.343, MACD = 1.720, ADX = 59.150) and is extending the bullish wave inside the 16 month Channel Up. The overbought technicals shouldn't be a factor for a bearish reversal as long as the 1D MA50 continues to support. We are confident with buying, aiming at the top of the Channel Up (TP = 208.000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScope3
GBPJPY Longs: Classic Mean Reversion - Fear Based TradingThe Japanese Yen is currently exhibiting weakness in the forex market, particularly highlighted by its recent 4.5% decline against the British Pound (GBPJPY). This decline follows the Bank of Japan's (BOJ) intervention efforts. While such sharp movements may evoke fear among traders, it's essential to recognize historical patterns. The BOJ's interventions have historically demonstrated short-term impacts, often followed by reversals. Traders should bear in mind that currencies like the British Pound (GBP), Euro (EUR), and US Dollar (USD) typically rally against the Japanese Yen (JPY) in response to such interventions. Understanding these historical trends can help traders navigate market fluctuations and make informed decisions amidst short-term volatility. The best way to navigate this trade would be to start small and add onto your positions as price rallies. Longby TheForexMessiahUpdated 7
GBPJPY BUY NOW!!!!!!!!GBPJPY is having a strong support zone at 199.726 now the price is trying to reject from that level getting ready to create a new highs am going in on a long from this zone with tp 202.000 JOIN AND ENJOY.........Longby CAPTAINFX23
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 BullishGBPJPY is making HHs and HLs, following DOW theory. There is no divergence on RSI There is also AB = CD Harmonics Pattern, And A continuous parallel channel also obeying the chart.Longby Saad_Amjid1
Above 190 a buy 191 taken over again opened the larger view of 195_196_197 . We can expect liquidity to be grabbed if not stable above 190.94/191. Entry 191.288_191.35/500 Sl 30 LSE:BUT I wont do that its just a important level188/187.2 I see it going higher on take profit from most buyers unless news will.be the thee main driver of the trend reversal since 140Longby GCGoldenCircleUpdated 222
GBPJPY - VisionIf GJ closes above 160.000, we aim for 190.000. ------------------------------------------------------ Long term target.Longby Ismoo078Updated 7
GBPJPYSell on the theory markets ranges 70% of the time. Sell on the theory markets retraces HALF of the previous move 90% of the time. Wait for 30m LTF breakdown for confirmation. Shortby ComteSt.Germain2216
GBPJPY is on the thin iceGBPJPY displays signs of weakness after a strong rally. Technically, RSI flashes the divergence, but the possible weakness of GBPJPY is imposed by increasing yields of 10-year government bonds for Japan, whereas yields of 10-year British guilts are stagnating. This situation makes carry trade operations less attractive and can lead to a strengthening Japanese Yen in the near future. Let's also not forget about Bank of Japan, which had pulled 23 billion dollars in the latest intervention, and may continue buying back Yen to maintain price stability.Shortby Stanislav_Bernukhov_Exness5
GBP/JPY BEARISH BIAS RIGHT NOW| SHORT Hello,Friends! We are going short on the GBP/JPY with the target of 197.279 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 114
DeGRAM | GBPJPY pullback from the highGBPJPY is moving in an ascending channel. The chart has reached the resistance level. The pair has reached the maximum since 2008, and the chart is barely reacting to the news that the Central Bank of England will probably not cut the rate this year. The volatility of the price movement has decreased. We expect a correction in the channel. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAM1118
GBPJPYHello traders welcome back GBPJPY has formed a beautiful appearance of chart that every trader can see clearly even if he/she is not experience of patterns, however combining to all my efforts and confirmations let us book togther and make easy money with me, just you only need to follow me and keep on eye with me everytime i posted a live signal. Shortby Abdukadir_Wardheere3
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
GBPJPY OUTLOOK AHEAD OF UK INFLATION RATEPrice currently trade at 198.728 level. Price May surge higher to as we anticipate a report from uk inflation. A buy opportunity is envisaged from the current market price. Target - 199.300Longby Cartela3
GBPJPY ForrexThis chart shows a Bullish Trend with Bullish Flag Pattern and there is no Divergence also. Entry Point(buy Stop):198.905 Stop Loss:197.421 Lot Size:0.49 TP1:200.418 TP2:201.887Longby Azeem2083
GBPJPY- Previous Day candle closed bullish . If we are looking for buys we will take on until daily resistance formed on 26th sep 05 - If we are looking for sells we take on until 19th june 03 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 5-8% 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 112
Just an IdeaThe primary method that I'm using for this analysis is called "CRT." The importance of this is that every candle is a range. And of course, we consider every consolidation a range, right? So technically the market needs to liquidate on one side and then break the structure on the opposite side. Same concept with the candles. Now apply it in the HTF and you will have a better view of the bias.by JJFX1113