GBPJPY trade ideas
check the trendA corrective and fluctuating trend is expected to continue to the specified support zone.
Then, according to the price behavior in the specified time frame, there will be a possibility of a trend change
GBPJPYHello Traders,
I expect to sell within this red POI. I will sell immediately once the price hits the middle red supply level, and the SL will be just above the highs.
Wishing you all the best...
GBP/JPY BEST PLACE TO BUY FROM|LONG
Hello, Friends!
Previous week’s red candle means that for us the GBP/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 199.028.
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Possible GBP/JPY play's So GJ is showing a down trend but I would like to see if we will continue or possibly re-test to the upside before continuing down. There is a great support area on the weekly I would love to see it hit before pushing back to the upside. Just to clear that out. That monthly is a Major monthly as well, so looking to get back above that again before going wild to the upside. We will see what this brings us.
GBPJPY SELL $$$$
gbpjpy trend is bearish.
after bos market make a nice and valid ob that we can count on soo...
now we have to wait for the low time frame confirmation to enter sell trade
Beautiful selling setup for GJGBP/JPY currency pair on a 4-hour timeframe, showcasing a bearish market structure. The chart highlights a "Change of Character" (ChoCh) signaling a potential shift to a bearish trend. A key selling zone is marked near the 194.30 level, with a stop-loss (SL) placed slightly above this zone to manage risk. The identified target lies significantly lower, around the 189.00 level, indicating a potential downside move. The setup suggests a short-selling opportunity within the highlighted zone, aligning with the bearish trend confirmation. Traders may find this setup useful for analyzing potential risk-reward scenarios in the market
GBP/JPY Analysis - Potential Scenarios AheadIn this analysis, I highlight key support and resistance zones, along with possible market reactions. The blue zones represent significant areas of interest, where price could either bounce or break, leading to further movement. My outlook includes both bullish and bearish possibilities depending on price action and market sentiment.
I’m keeping a close eye on the key levels marked and waiting for confirmation before executing trades. Let me know your thoughts or share your ideas in the comments! 🔍
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BPJPY 25 Nov weekly forecastBPJPY 25 Nov weekly forecast GBP/JPY continues to showcase volatility, driven by global risk sentiment, the strength of the British pound, and fluctuations in the Japanese yen due to Bank of Japan policies. Here's a detailed analysis for the week ahead:
GBPJPY: Long Trade with Entry/SL/TP
GBPJPY
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy GBPJPY
Entry - 193.83
Stop - 192.88
Take - 196.21
Our Risk - 1%
Start protection of your profits from lower levels
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GBPJPY Bank of Japan (BoJ) that issues statements and decides on the interest rates of the country. Its Governor is currently Kazuo Ueda. The BoJ has been applying very low interest rates for many years and even introduced a negative interest rate in January 2016, in an attempt lift consumer prices, which have been sliding for most of the past 20 years. Falling consumer prices is a concern for the country since they hurt corporate revenues and tend to stop spendings. The Japanese Consumer Price Index (CPI) is a key indicator closely monitored by traders of all JPY-related currency crosses.UK Government and its Prime Minister, Rishi Sunak who took office in October 2022, a day after becoming leader of the Conservative Party.
GBPJPY Next Move Possible GBP-JPY BUY ZONE
BUY
GBP-JPY made a retest
Of the horizontal resistance
Level of 193.911 BUY from
Reaction and we will be expecting
A further local move up
Buy
GBPJPY Set To Grow! BUY!
My dear friends,
Please, find my technical outlook for GBPJPY below:
The instrument tests an important psychological level 193.09
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 195.03
Recommended Stop Loss - 192.17
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
a slight move downward then upwardslooking for price to test the monthly resistance zone and use it as support, then form a double bottom which would lead to an upside movement. this might take weeks to form, but the upside potential is huge.
GBP/JPY SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
We are going long on the GBP/JPY with the target of 198.957 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
GBPJPYThe potential sell scenario for the pair last week:
The pair is under observation as it approaches the designated sell zones on the chart.
GJ sceneriosnews yesterday was pretty bad, tonights also but can be messy,
im looking for this scenario, price 1hr closes under our entry, and the retest up to this zone gets slapped, im looking to short this.
maybe not to tp, as there is quit some strong areas there, but maybe trail 15m highs when it dumps down.
tonights news maybe damn messy, so if i enter this, likely small order, or i would want majority or major news tnt to be bad for usa. or all news to be done, then if this happens then i''ll trade it.
GBPJPY $$$
market is strongly bearish and the last move makes a bos and a valid order block in 15m TF we can go sell on this ob with LTF CONFIRMATION
if this zones break we can go for buy
GBPJPYCurrently looking the market as price tap into our strong support zones.
from this point I would like to see the market pushing to the up side respecting our trend as anticipated from the illustration.
Pound-yen’s uptrend still seems to be activeCompared to cable, the pound’s performance against the yen in the third quarter so far has been much better. The Bank of Japan’s governor Kazuo Ueda reiterated recently that any upcoming further rate hikes would be gradual and according to economic conditions. ¥205, corresponding to about ¥160 for dollar-yen, might be the area of further governmental intervention, but that’s not likely to be in view for GBPJPY for a while yet.
¥195 was an important resistance and technical reference in late September and for much of last month and seems likely to continue as a key area. This coincides with the value area between the 50 SMA from Bands and the 100 SMA. Now that volume has dropped off somewhat compared to earlier in November and ATR isn’t rising strongly, it’d be possible to see a pause for a few days as participants digest upcoming data. It’s not clear yet how strong the 50 SMA is as a potential dynamic support.
The current situation favours the carry trade quite strongly since the differential is 4.5%, which seems quite unlikely to change drastically within the next several months at least. The next significant move up if it occurs probably depends on the return of higher volume, which could be in the middle of December around the British job report and the BoE’s meeting.
Bullish rise off pullback support?GBP/JPY has reacted off the pivot which has been identified as a pullback support and could rise to the 1st resistance which aligns with the 50% Fibonacci retracement.
Pivot: 193.92
1st Support: 192.81
1st Resistance: 195.74
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Gbpjpy possibly buy Gbpjpy break of structure on H1. Waiting for a good M15 rejection for a buy opportunity.
