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GBP/JPY Mini

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GBPJPY.100.CSM trade ideas

GBP/JPY at Crossroads: Strong Bearish Signals EmergeThe GBP/JPY chart indicates a potential bearish outlook based on the following key observations Downtrend Line Resistance: The pair has recently struck a descending trendline, reinforcing downward momentum. This resistance is a significant psychological barrier. Proximity to Support Zones: While support exists, price action failing to rebound strongly suggests weakening buyer interest. Lower High Formation: Consistent formation of lower highs aligns with bearish sentiment. Volume and Candlestick Analysis: If bearish candlesticks like engulfing patterns form near the trendline, it may confirm further downside. Further confirmation could come from a breakdown of marked support levels.
Short
by Bitcoin_King01
Elliott Wave View Looking for Zigzag Correction in GBPJPYShort Term Elliott Wave view in GBPJPY shows decline from 10.30.2024 high ended at 188.14 as wave 1. The decline unfolded as a 5 waves diagonal Elliott Wave structure. Pair has turned higher in wave 2 to correct this 5 waves decline. The internal subdivision of wave 2 rally is unfolding as a zigzag Elliott Wave structure. Up from wave 1, wave i ended at 191.53 and wave ii ended at 190.3. Wave iii higher ended at 192.2, wave iv dips ended at 190.91, and final wave v higher ended at 192.37. This completed wave (i) in higher degree. Pullback in wave (ii) ended at 190.58. Pair has rallied higher in wave (iii) towards 193.4 and pullback in wave (iv) ended at 192.44. Final leg wave (v) ended at 195 which completed wave ((a)) in higher degree. Pullback in wave ((b)) is in progress to correct cycle from 12.3.2024 low. Internal subdivision of the pullback is unfolding as a zigzag structure. Down from wave ((a)), wave (a) ended at 192.91. Expect wave (b) rally to fail below 195 and pair to turn lower in wave (c) to complete wave ((b)). Near term, as far as pivot at 188.14 stays intact, expect pullback to find buyers in 3, 7, 11 swing for more upside.
by Elliottwave-Forecast
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Short
by eLs-Trading
1
GBPJPY H4 | Bearish Drop?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 195.94, which is a pullback resistance close to the 78.6% Fibonacci retracement. Our take profit will be at 193.91, an overlap support level. The stop loss will be at 197.94, a pullback resistance that aligns with the 78.6% Fibo retracement. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
GBPJPY Trendline Breakout , All eyes on BuyingHello 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
by ForexMasters2000
GBPJPY Potential for LongsPrice is testing the final trend line resistance and has managed to breakout and close above the minor bearish structure on smaller timeframes. We have an inverted H/S formation on the 4H timeframe. There's a good chance price will continue to move higher from here and around the neckline of the inverted H/S price has enough support to bounce should we retest the support below. Entry: 194.00 Targets: 197.50 & 201.10 Stops: 190.50 Risk to reward ratio is 1:2.
Long
by Trader_97
GBPJPY Analysis: The point marked "C" seems to represent the lowest point within a symmetrical triangle pattern. This indicates price consolidation between the support and resistance lines. Currently, the price has broken above the lower boundary of the triangle and appears to be moving upwards. This could signal a breakout to the upside, especially if it’s a confirmed breakout with strong volume. Possible Outcomes for "C": If the price pulls back (retest): The price might return to the support line (which was previously resistance) to test it again. This is often referred to as a "retest" before continuing higher. If the upward movement continues: If the breakout is confirmed, the price could move toward the upper resistance line (the pink line sloping downward). Recommendation: Watch for a small pullback where the price tests the breakout line (now acting as new support). If it holds there, it could indicate further upward movement. Pay close attention to the 200.00 level, as it seems like a significant technical resistance level where price action could face challenges.
Long
by ENGAbdulkadirHassanMohamud
GBPJPY Is Bullish! Long! Here is our detailed technical review for GBPJPY. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 196.848. Considering the today's price action, probabilities will be high to see a movement to 199.032. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBP/JPY H1 Analysis – OB Bearish and Bullish Scenarios This chart outlines a potential price reaction for GBP/JPY on the H1 timeframe based on **Order Blocks (OB)** and possible market scenarios: ### Key Zones: 1. **OB Bearish Zone (196.750 - 197.000):** - This is a key **supply zone** where sellers may dominate. If price moves into this area, it could trigger bearish momentum, leading to a reversal. 2. **OB Bullish Zone (195.750 - 196.000):** - This is a **demand zone** where buyers are expected to step in. Price entering this zone could initiate a bullish push back toward higher levels. --- ### Possible Scenarios: 1. **Bullish Rejection from OB Bullish Zone:** - If the price reaches the OB Bullish Zone, we expect a possible **bounce upward** toward the OB Bearish Zone. - **Validation:** Price forms bullish rejection candles (e.g., pin bar or engulfing patterns). - **Target:** The OB Bearish Zone around 196.750-197.000. 2. **Bearish Continuation from OB Bearish Zone:** - If the price hits the OB Bearish Zone after a bullish retracement, we anticipate a **rejection** and downward continuation. - **Validation:** Price forms bearish reversal patterns in the OB Bearish Zone. - **Target:** Break below the OB Bullish Zone, extending to lower support levels. 3. **Direct Breakdown Below OB Bullish Zone:** - If the price fails to hold in the OB Bullish Zone, it could lead to a **bearish breakout** toward deeper support levels. - **Validation:** Price closes strongly below the OB Bullish Zone. - **Target:** Lower levels around 194.500 or further down. --- ### Notes: - Monitor candlestick patterns and volume near the key zones to confirm entries. - Be cautious of **false breakouts**; wait for clear confirmation before entering trades. - Use stop-loss levels just below/above the zones to manage risk effectively.
by foureyescoder