gbpjpy longs-price respected 194.750 key level on the daily timeframe
- price formed double bottoms on the intraday time frame
-expecting price to reach 195.615
GBPJPY.100.CSM trade ideas
#GBPJPY 1DAYGBPJPY Daily Analysis
The GBPJPY pair is approaching a significant trendline resistance on the daily chart, suggesting a potential reversal or rejection from this level. This resistance line indicates strong selling pressure, making it a prime area for bearish setups.
Technical Outlook:
Pattern: Trendline Resistance
Forecast: Bearish (Sell Opportunity)
Entry Strategy: Enter a sell position if the price confirms rejection at the trendline resistance through bearish price action signals, such as bearish engulfing candlesticks or lower highs.
Traders should closely watch indicators like RSI for overbought conditions or MACD for signs of weakening bullish momentum. Ensure proper risk management with stop-loss orders placed above the resistance line and profit targets set at nearby support levels.
GBPJPY bullish to 196.722We currently see momentum to the upside combined with a break and retest formation on the 8H and strong rejections from the 194.8 area. Fibonacci analysis could also be relevant here
GBPJPY // countertrend breakThere is a valid bull trend on the monthly and below.
The trigger level is the daily breakdown, which is in line with the break of the countertrend line.
If it's taken back by the buyers, the market enters in the daily long expansion phase, and the daily target fibo 138.2 in line with the next daily breakdown is my target zone.
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We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present. 🏄🏼♂️
Your comments and support are appreciated! 👊🏼
Wajani InvestmentsGBPJPY 12/24/2024
Bulls are currently in control as seen from the LH (0-2). Bulls still in control after the retracement following the long move from 1 to 2. If structure 3 (support becomes resistance) is broken to the downside, this trade is nulled. However, strong bullish presence is shown with the large bullish rejection candle.
Remember, the market is patience and good risk management. Always create rules to avoid emotional trading.
Let me know your thoughts and this is for educational purposes ONLY.
[GBP/JPY – 15-Min Update]
GBP/JPY is testing the yellow support level on the 15-minute timeframe.
If this level breaks, the next target to monitor is the green support zone, where buyers could potentially step in.
Keep it simple: watch the reaction at these levels to plan your next move.
GBPJPY - BULLISH CONTINUATIONhi everyone..
here i just share GJ
the structure is very clear
bullish continuation!!!
so, i just prepare BUY at this moment
disclaimer
this is not a signal
i just share what i see
thanksyou.
GBP/JPY eyes break of 2015 highThe BOJ held rates as expected and the BOE are expected to hold rates later today, and unlikely to provide a particularly dovish tone. With that in-depth central bank analysis out the way, I want to share a nice looking long setup on the daily and 1-hour chart. I also take a quick peak at seasonality in December which points towards a bullish bias over the near term.
MS
BULLISH SETUP ON GBPJPY @ CURRENT PRICE 196.56The Bullish setup on the GBPJPY Pair is having a strong Momentum for new move after the pullback to support level at 195.96
We can see the price bouncing off this price level to 199.85 price region from the current price of 196.57
GBPJPY SELL UPDATE!!!!Well would you look at that
We have just achieved 1:2 in profits
See you again on the next one
GBPJPYthe GBPJPY will have a fundamental report by 8am ,the core cpi and cpi data print will give us a clear directional bias to keep long.
GBPJPY BULLISH Play for the WeekGJ has been on a Monthly Bullish Run in my eyes, so with that in mind looking into this weeks play I expect a break to the upside into Bullish Territory once my Yellow 4hr/Daily Trendline has been broken. Before that I expect a bearish start to the week bringing price down to our Buy Limit ultimately propelling us to the upside. Once 194.500 has been broken I expect a BULLISH Rally, will set trades to BREAK EVEN at this stage of the trade. TP 1 & 2 have a potential to get hit this week (keep in mind a retracement is possible at the TP1 area) TP 3 will probably have to wait till next week but let’s get through this week 1st and see if the markets are on our side..!
GBPJPY SELL 1 HOUR TIME FRAMESTRONG SUPPLY ZONE
Failures to make higher high
Gaps To Fill Below!
Expecting a 2:67 Risk to Reward Let’s see!
GBP/JPY "The Guppy" Forex Market Heist Plan on Bullish SideHi there! Dear Money Makers & Robbers, 🤑 💰
Based on Thief Trading style technical analysis, here is our master plan to heist the GBP/JPY "The Guppy" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. So Be Careful, wealthy and safe trade.
Entry 📈: Acceptable anywhere; I advise placing buy limit orders within a 15-minute Chart. The entry for the Recent/Nearest Low Point should be in pullback.
Stop Loss 🛑: Using the 2H period, the recent / nearest low level.
Goal 🎯: 198.500
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Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
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GBPJPY Analysis - SellGBPJPY Analysis Overview
1. Seasonality:
GBP: Bearish — Historical data for this time period shows GBP typically weakens.
JPY: Bullish — Seasonal trends favor JPY strength, aligning with a sell bias for GBPJPY.
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2. COT Report (Commitment of Traders):
GBP:
4-week flip indicates a Sell bias.
JPY:
4-week flip indicates a Buy bias.
Non-commercial long positions are increasing, indicating strong demand for JPY.
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3. Fundamental Analysis:
LEI (Leading Economic Indicator):
GBP: Decreasing — Suggests economic slowdown and bearish momentum for GBP.
JPY: Range — Neutral economic outlook, but overall supportive of its safe-haven appeal.
Endogenous Factors:
GBP: Decreasing — Internal economic conditions are weakening, favoring a sell bias.
JPY: Increasing — Positive domestic factors support JPY strength.
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4. Exogenous Factors:
GBPJPY:
Classified as a Strong Sell due to broader external influences such as global risk aversion and JPY's safe-haven demand.
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5. Technical Analysis:
On the 4-hour chart:
There is a visible order block and a fair value gap (FVG) in the price structure.
The price has retraced to 50% of the order block, presenting a favorable opportunity to enter a short position.
Confluence from bearish market structure and resistance zone further validates the sell setup.
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Bias: Strong Sell
Based on seasonality, COT data, fundamentals, exogenous influences, and technical analysis, GBPJPY is poised for a significant downside move. Look for selling opportunities at or near the current resistance levels within the order block.
GBPJPY is Holding above the Support , All Eyes on BuyingHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
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GBPJPY 4H SWING TRADE IDEA, FOR 16TH, DEC 2024.Price just broke a recent swing high (195.014), as we anticipate a short retracement downwards. Hopefully, if the current trend holds, the next point of interest would be 197.785.
If it happens to be an LQ sweep, will the price go in the opposite direction? then we look for another idea
current price: 195.095
current trend: short-term uptrend
overall downtrend.
GBPJPY - Potential short !!Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. My point of interest is imbalance filled and rejection from bearish OB + level 196.000.
Fundamental news: Next week on Thursday (GMT+2) we will see results of Interest Rate on GBP and JPY, news with high impact on currencies.
Like, comment and subscribe to be in touch with my content!
GBPJPY BUY OPPORTUNITYWe have a triangle consolidation which needs to break to continue the uptrend.
Yen looks weak. Shooting for 2:1 R/R
GBPJPY SHORTSWeekly : price broke structure to the downside on the week of the 18th of Nov. will mostly be looking for sells.
Daily : price is currently rejecting area of resistance and also round psych level of 195.000. It has created an engulfing candle confirming downside potential. It also rejected 50 EMA
4h : price recently broke previous structure and I will be expecting price to come up and retest area of 194.000 which also is a psych level.
GBP/JPY H4 | Potential bullish bounceGBP/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 194.63 which is a pullback support.
Stop loss is at 192.70 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level.
Take profit is at 197.35 which is a swing-high resistance.
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Bearish Pressures on EURUSD and SELL SIGNAL ON GBPJPYFrom the higher time we can spot strong bearish inside pin bar on #EURUSD Pair giving a bearish signal on the lower time frame we can see the price dive down to 1.03385 from the current price of 1.05027 having a stop at 1.05974.
For #GBPJPY Pair we can see a strong Bullish momentum as the price hit a major support at 192.87 that pull the price above 194.76 with the target of 199.65 on higher time frame of daily. on lower time frame with this inside pin bar candlestick pattern I see more Entries for bullish continuation.
