GBPJPY Sell OrderGBPJPY at 50% FIB retracement level, we can ee sell from current position with risk-reward ratio 2.
Mange your risk according to account size!
GBPJPY
GBPJPY Continued To Range. What's Next?Last week we didn't get much movement from GJ. Price continued to range so my initial bias is going to be neutral starting this week. Price is currently at a QP 195 so GJ still has my attention.
Key Res around 195.98
Key Sup around 189.59
I will try to update as we get more development...
GBPJPY Pull back signalGBPJPY is trading on a Channel Up but has turne sideways recently, indicating a potential top.
The last major formation has been a Death Cross (1d) and last time we had one was on January 17 2023.
The similarities between the two patterns are strong.
The MA200 (1d) is holding for now, if it breaks it will be the sell trigger for the trade.
Trading Plan:
1. Sell if the MA200 (1d) breaks.
Targets:
1. 188.600 (above the 0.786 Fib).
Tips:
1. The RSI (1d) is also trading inside a Channel Up and also portrays similar attributes as the 2023 fractal.
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GBPJPY Will Go Down!GBP-JPY is going down
Now after the bearish
Breakout of the rising support
So after a potential local
Pullback we will be
Expecting a further move down !
GBPJPY Potential Trend ContinuationThe market is currently testing a key psychological support level at 193.000 after a period of consolidation following recent bullish momentum. If GBPJPY closes above the 194.000 level, it could indicate continued upward movement, setting the stage for a retest of the resistance zone above this level. Given the recent bullish sentiment, a clear break and close above 194.000 would likely signal further bullish moves, potentially pushing the price toward higher levels within the resistance zone. The target is the resistance at 194.500
GBP/JPY : Technical Analysis and a signal!hello guys!
it is a risky position!!
Rising Channel:
The price has been trending upward within a well-defined ascending channel. However, it is currently testing the upper boundary of this channel.
Resistance Zone (Red Box):
Strong resistance is seen around the 196.117 level.
The price attempted to break through this resistance but faced rejection multiple times, suggesting a bearish reversal could be imminent.
Support Levels (Green Area):
There’s a key support level of around 187.953.
This support aligns with the lower boundary of the ascending channel, making it a potential target for any upcoming bearish move.
Bearish Momentum:
The price shows signs of weakness as it struggles below the red resistance zone.
A corrective move downwards is expected, with the first target around the 190.000 psychological level, followed by a potential drop to the 187.953 support zone.
Risk-Reward Setup:
The chart shows a clear risk/reward scenario, where a break below the 194.462 zone may trigger a sell-off towards lower levels.
GBPJPY - 4hrs ( Sell Trade Target Range 300 PIP ) 🟢 Pair Name : GBP/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🟢 Key Technical / Direction ( Short )
Type : Mid Term Swing
———————————
Bearish Break
194.250 Area
Reasons
- Major Turn level
- Pattern Break
- Visible Range Lvn
- Day / low
- Month High Reversal
Bullish Reversal
191.000 Area
reasons
- Major Turn level / D
- Visible Range Hvn
- Visible Range / Poc
- Fibo Golden
- Choch Zone
GBPJPYGBPJPY is in a correction phase. If the price can hold above 193.12, it is likely to rebound. Consider buying the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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GBP_JPY BEARISH BREAKOUT|SHORT|
✅GBP_JPY broke the rising
Support line and the breakout
Is confirmed so we are bearish
Biased now and we will be expecting
A further move down
SHORT🔥
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Traders could veer towards the yen with risk events loomingIt is no coincidence that VIX futures have been creeping higher in recent weeks despite Wall Street hitting record highs, as traders are presumably hedging downside risk as we approach the US election. And that means it may not take much to spook traders out of bullish bets with markets at frothy levels, and that could see the yen strengthen as a safety play. Matt Simpson takes a technical look at yen pairs of interest.
GBP/JPY October Strategy: Bearish Reversal Confirmed with TDI
GBP/JPY October Market Analysis and Trading Outlook
The GBP/JPY monthly structure for October presents an open high-low-close pattern, signaling a potential sell setup. This bearish outlook has been confirmed by the TDI (Traders Dynamic Index) cross, indicating that it is now appropriate to consider sell entries.
Key Technical Highlights:
1. Daily Timeframe Open High Structure: On the daily chart, the price action for the month of October has established an open-high structure, which is often a precursor to a shift in momentum, supporting a bearish setup.
2. Consolidation and 'M' Pattern Formation: The price has been ranging at the highs, creating a period of consolidation. This consolidation resembles an 'M' pattern, a classic reversal formation seen at market exhaustion points. This pattern is significant as it suggests a potential reversal from the current high, reinforcing the bearish outlook.
3. Bearish TDI Cross Confirmation: A bearish TDI cross has occurred, signaling the presence of sellers in the market. This cross is a crucial technical indicator that validates the entry for sell positions.
Take Profit Levels:
- Take Profit 1: 193.000
- Take Profit 2: 192.000
Trading Advice:
Although the bearish TDI cross has provided confirmation, it is important to remain patient and ensure that other market conditions align with this setup. Always wait for valid signals and maintain proper risk management when executing trades.
If you find this analysis helpful, please like, comment, and follow for more updates. I’ll be sure to follow back. Best of luck with your trading endeavors!
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GBPJPY Will Go Up From Support! Buy!
Here is our detailed technical review for GBPJPY.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 195.461.
Considering the today's price action, probabilities will be high to see a movement to 197.269.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GBP-JPY Bullish Triangle! Buy!
Hello,Traders!
GBP-JPY is trading in an
Uptrend and the pair has
Formed a bullish triangle
Pattern so IF we see a
Bullish breakout then we
Will be expecting a
Further bullish continuation
Buy!
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Check out other forecasts below too!
GBPJPY Bullish Reversal OpportunityGBPJPY price is breaking a credible resistance zone. If the price action is able to print a convincing Higher High, it may be a signal towards a proper Bullish breakout and a potential new ALL TIME HIGH may become more likely.
After the Bulls surf the potential wave till TP1, a probable opportunity may arise for the Bears in the form of a probable Harmonic reversal from key Fibonacci Harmonic price levels which increases the importance of moving SL to Break Even if TP1 hits.
Till then, opportunity may be seized by the Bulls.
Trade Plan:
Entry @ 197
Stop Loss @ 188.5
TP1 @ 205.5000
TP2 @ 214.0000
No. of Trades: 2
Move SL to Break Even if TP1 hits.
GBPJPY Bullish Continuation Breakout OpportunityGBPJPY price is breaking a credible resistance zone. If the price action is able to print a convincing Higher High, it may be a signal towards a proper Bullish breakout and a potential new ALL TIME HIGH may become more likely.
After the Bulls surf the potential wave till TP1, a probable opportunity may arise for the Bears in the form of a probable Harmonic reversal from key Fibonacci Harmonic price levels which increases the importance of moving SL to Break Even if TP1 hits.
Till then, opportunity may be seized by the Bulls.
Trade Plan:
Entry @ 197
Stop Loss @ 192.3
TP1 @ 201.7
TP2 @ 206.4
No. of Trades: 2
Move SL to Break Even if TP1 hits.
GBPJPY - 4hrs ( Buy Trade Target Range 300 : 600 PIP ) 🟢 Pair Name : GBP/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
------
spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🟢 Key Technical / Direction ( Long )
Type : Mid Term Swing
———————————
Bullish Break
195.500 Area
Reasons
- Major Turn level
- Visible Range Lvn
- Fixed Range hvn
- Triangle Pattern
- Week / Month High Area
Bearish Reversal
202.000 Area
Reasons
- Major Turn level
- Visible range hvn
- FIbo Golden Zone
- Channel mid Target
- Quarters High Area
GBPJPY → Trade Analysis | SELL SetupGBPJPY s moving to the upper boundary of the ascending channel.
The volatility of the movement has decreased.
The price has reached the resistance level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
GBP/JPY on the Rise: Key Levels to Watch!The USD/JPY hit a 10-week high on the 10th, driven by market confidence that the Fed will be cautious with rate cuts. The resilient U.S. economy is boosting the dollar, while rising U.S. bond yields could push the yen toward 150.
On Thursday, the dollar briefly touched 149.54 JPY, the highest since August, before slipping 0.18%. Strong U.S. job data reduced expectations for Fed rate cuts, in contrast to Japan’s dovish tone, as new PM Shigeru Ishiba and BOJ officials dampened hopes for an October rate hike, weakening the yen.
Two key factors to watch: the Fed’s rate decisions and Japan’s parliamentary elections on the 27th. If Ishiba doesn't secure a strong victory, internal party challenges could affect BOJ policy.
Forecasted GBP/JPY levels (based on Fib Channel method):
194.689
197.821
201.695
207.958
Wishing you success in your trades!
GBPJPYSince we got many questions regarding GBPJPY here is our overall view on it.
GBPJPY has been struggling to break an important KL (Key Level) 195.971 . As of now we are trading below that KL. Breaking above it would give us a nice opportunity to enter in buys . However , if we continue to trade below 195.971 , and failing to break it, we could see more downside on the pair. Breaking below 193.990 and 193.290 would give us a nice opportunity to sell , possibly all the way down to the bottom of the range where our PBA 1 is sitting at roughly around 190.000 .
As of now there is no clear indication for buys or sells. Be patient and remember, sometimes the best trade is no trade at all.
We will be patiently waiting on breaks of our mentioned levels and we will post an update accordingly.
KEY NOTES
- GBPJPY is trading below an important KL.
- Break below 193.990 and 193.290 would confirm sells.
- Break above KL (195.971) would result in higher highs and confirm buys.
- No trade opportunity now, breaks should be waited on.
We would also like to take this chance to thank all of you for your support!
Happy trading!
FxPocket
GBPJPY is in the Down TrendHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
🟢This Chart includes_ (GBPJPY market update)
🟢What is The Next Opportunity on GBPJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPUSD on the verge of getting back upAs Monday will stay bearish, Tuesday 8AM marks a turning point.
After the CCC, and after reaching the same low level or even a lower low, the price is to return to an uptrend.
