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Gbpjpyanalysis

GBPJPY: Month-Long Bearish Outlook Revealed!Greetings Traders! Brief Description🖊️: The market's movements are governed by smart money, which controls the majority of liquidity. It is not governed by retail traders. They dictate market terms, while we trade patterns they generate. Smart money has two primary objectives: order pairing (entering the market against liquidity) and order booking (scaling out their positions). Due to their substantial liquidity, smart money enters the market against large amounts of liquidity, typically found on higher timeframes. This movement is necessary for them to enter and exit the market, driving market dynamics. Market Analysis📉: Currently, on GBPJPY, buy stop liquidity has been taken, indicating that smart money has entered their positions in a premium. The expectation is a draw towards the downside, targeting significant liquidity areas such as relatively equal lows and trendline liquidity. The daily bearish order block is expected to resist price, initiating bearish institutional order flow. Things We Have Seen👀: Relatively Equal Lows: These areas possess substantial liquidity, making them attractive targets for smart money. Sell-Side Liquidity: A significant amount of investments exist at these lows. Engineered Trendline Liquidity: More investments exist at these lows, increasing the plausibility of the market drawing towards this level to absorb the existing liquidity. What's Important Now❗: Stay observant of how the market reacts at these critical levels. Understanding the objectives of smart money can provide valuable insights into potential price movements. Best Regards, The_Architect
Short
by The_Archi-tect
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 Szuperpotyka
GBPJPY I Potential intraday buy from bottom of the channel Welcome back! Let me know your thoughts in the comments! ** GBPJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
USD and GBPJPY Pullback trade OANDA:GBPJPY took a hit on monday falling upto 0.5% and I expect the pair to close on red on this week. Bank of Japan will be trying to have the situation in control and to prevent the currency from falling past beyond repair. FX:USDJPY also expected to take the same path after it failed to beat previous highs around160 mark. A fall in OANDA:GBPJPY Will bring 193.000 to 191 points under focus will FX:USDJPY will likely to test 150 t0 152 zone. On the upside scenario a break of 200.600 support for GBPUSD will likely test 203 to 205 as it moves towards 210. Same case scenario for FX:USDJPY If it moves past 158 and 160 high then it will advance to 163 and 165 ****************************************************************************************88 Always conduct your analysis before placing any trade and use a hard stop loss
Short
by alonso780
2
SHORT GBP/JPY from 199.70The high of 200.55 back on 24th April saw a deeep and rapid decline in GBP/JPY. I SHORTED this pair at 200.18 at the end of May and exited when the price started to head north. I SHORTED again after when the price returned to the 200 level and exited for 80+ pips when the price hit the 200 EMA on H1. 2 candles ago GBP/JPY BULLS pushed the price back above the 200 and the last H1 candle was a wide doji indecison candle as was the last H4 candle. It cannot be ruled out that GBP/JPY BULLS wont push the price higher from these levels, the signs are that any move higher presents an opportunity to SELL. The H1 Andean OScillator is signalling SELL on H1. The last 4 H1 candles have closed near the 200 EMA. The RSI is heading south on H1. The MACD is signalling SHORT on H1 and is moving under zero. It has to be remembered that all JPY pairs are in an uptrend. GBP/JPY has been heading north since August 2020 so this pullback is just that - a pullback to lower ground. How deep is the question. Previously we've seen GBP/JPY pull back to the 50 EMA on D1 which comes in at 196.00 are so its well possible that this level could be reached but news over the next few days will impact direction. Today we have Final Manufacturing PMI and ISM Manufacturing PMI out of the US. Its unclear how much this pair will be impacted on the print so tighten stops just to be safe.
Short
by forextraplaces
GBPJPY Pullback predictionThe trend has always been bullish because YEN is weak asf and BoJ are not doing anything yet to contain the damage. Though this month buyers were unable to break last month high of [200} area which is a multi-decade high. A breach past 201 means more damage for JPY and it will head to 205, 210. A nice push below 199 means a short term pullback towards this month's low area. This move is likely to happen from beginning next month probably on monday. I will be waiting to sell with a tight stop loss above 200.500. Consolidation zone 190-193 still has to be revisited I think Let me know what you think on GBPJPY
by alonso780
ALERT: Correction To 195 Imminent??The guppy has been steadily rising for the past 18 trading days after a significant drop due to likely BOJ intervention. So, what’s next? In my opinion, this pair is highly overbought across all time frames. A correction seems imminent. If you look at the daily chart, the steep and prolonged uptrend suggests a significant drop is likely. The 4-hour chart provides an even clearer picture of this steady climb. In trading, such prolonged upward movements often precede a drop. Today, I entered a position at 200.60. My first target is a move down towards 195, with the potential for a deeper correction to 193 or lower. Long-term, this pair is very bullish. The 190 to 193 area could be a good entry point for long-term buyers, aiming for a move towards the monthly SELL/SUPPLY zone starting at 211. However, if the price breaks below 190, it could trigger a larger sell-off as large traders take profits. For now, a short-term sell seems appropriate given the current extreme overbought conditions. Let me know your thoughts in the comment section below
Short
by TheFxAce
14
GBPJPY SELL | Idea Trading AnalysisGBPJPY is moving in an ascending channel. The price has an opportunity to test the resistance zones. If the price cannot break through the resistance level, it is expected that there is a chance that the price will fall.. We expect a bearish move from the confluence zone. 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. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
3
GBPJPY: Possible Start Of Bearish Move? Read To KnowDear Traders, GBPJPY from our previous chart analysis on gbpjpy, the price moved as we hoped for, however, after looking at the recent market behaviour, we realised that JPY Pairs will start turn bearish. JPY is currently retesting a very key level where we can see a vast amount of interested coming in from whales to pump the currency, even BOJ is likely to intervene as if JPY drops further it will likely to cause economic instability within the county of Japan. **If you like our work please like , comment and follow us which will encourage us to bring you more ideas**
Short
by Setupsfx_
38
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!
Short
by DeGRAM
1