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 trade ideas
GBPJPY Is in a Critical ZoneGBPJPY Is in a Critical Zone
Currently, GBPJPY is in a critical zone, with two possible scenarios emerging.
Next week, we have key rate decisions from both the Bank of England (BOE) and the Bank of Japan (BOJ). The BOE is expected to cut rates, while the BOJ is expected to increase rates.
From this perspective, GBPJPY should move down, not up. If the resistance zone holds, then GBPJPY should begin moving down as shown on the chart.
However, if GBPJPY moves above the pattern or surpasses 192.40, the price could rise further. The market may anticipate the BOJ to reverse their stance, which has a higher likelihood.
Thus, one movement is supported by fundamental perspectives, and the bullish movement is driven by speculation.
You may find more details in the chart!
Thank you and Good Luck!
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GBPJPY BUY IDEAGBPJPY has been on a bullish stride and it has broken out of the 185.500 prices and also the 4hr Trendline. Respecting the ascending channel very well. A good position to buy will be the breakout of the resistance around the 185.000 area but another good position will be the retest of the 185.000 to 195.000 area. A good price action at the area if the retest happens will be a good place for a buy. A potential 1:6RRR in view.
GBPJPY // minor long expansionThis is a daytrading idea.
If the last clear M15 breakdown is cleared, the market enters the expansion phase of this minor long trend, going for the H4 resistance zone, with potential targets (H1 target fibo levels) on the way.
The idea is valid until H4 trend is up.
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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! 👊🏼
GBPJPY Retraced For UsHi Traders!
GJ made a nice retracement to around 194.600, and is now trying to push above 195.000. In my last idea, I talked about how I needed price to get above 195.000 with followthrough. ( Please go read if you haven't already). Psychological levels for GJ are .000, .200, .500. As you can see right now we hit 195.500 and rejected heavy. So, watching for this set up. 🫡
Entry:195.500
TP 1: 196.500
TP 2: 197.000
SL: 194.100/.200
*DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
GBPJPY: More Growth is Coming?! 🇬🇧🇯🇵
GBPJPY broke and closed above a resistance line of an expanding
wedge pattern on a daily.
It indicates a strong bullish momentum and highly probable
bullish continuation.
With a high probability, the price will reach 196.6 level soon.
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GBPJPY BUY UPDATE!!!!1:1 has been achieved
Now lets aim for 1:2
You can close half of the profits and leave the rest to reach full TP
GBPJPY bullish expectations for next periods
OANDA:GBPJPY price on zone bouncing, here having expectations to see stronger, higher bullish push in this week
SUP zone: 190.000
RES zone: 195.900, 197.200
GBPJPY - BullishGBPJPY is Bullish and retraced to 0.618 Fib. We can enter at current levels and place SL below previous low.
GBPJPY buyTrend continuation
8EMA is under the price
Fibbonacci Retracement
4H Bullish Engulfing
Support zone
I aim for a next high for a 1:2.5R
GBPJPY Bullish ideaGBPJPY has been in an uptrend for a while now, so I will be looking for bullish signals in this zone.
GBPJPY: Short Trading Opportunity
GBPJPY
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell GBPJPY
Entry Level - 195.44
Sl - 196.81
Tp - 192.93
Our Risk - 1%
Start protection of your profits from lower levels
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BEARISH GBPJPYThe GBP/JPY pair is currently exhibiting a bearish outlook as sellers seem to gain momentum, capitalizing on recent market dynamics. Here's a comprehensive breakdown of the pair's bearish sentiment based on current trading conditions.
1. Technical Analysis
Trend & Price Action
The pair has been trading within a descending channel, signaling a continuation of bearish momentum.
Recent price action shows multiple failed attempts to break above key resistance zones, reinforcing the dominance of sellers.
GBP/JPY is currently flirting with key support levels, and a decisive break below could trigger further downside.
2. Fundamental Drivers
Pound Weakness:
Recent UK economic data has been underwhelming, including weak growth figures and declining retail sales. This has weighed heavily on the pound, reducing its appeal.
The Bank of England’s dovish tone regarding future rate hikes amid signs of an economic slowdown adds further bearish pressure on GBP.
Yen Strength:
While the Bank of Japan (BoJ) remains accommodative, recent interventions and speculation of further action to strengthen the yen have bolstered the currency.
Geopolitical uncertainties and global risk-off sentiment have increased demand for the yen as a safe-haven asset.
GBPJPY Will Go Up From Support! Long!
Please, check our technical outlook for GBPJPY.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 194.719.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 196.745 level.
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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GBPJPY-BULLISH IDEAgbpjpy seems to be in strong bull run as it showed a same pattren on fib retracement 0.618 and 0.786 with a cup and handle pattren as it showed on its previous HL.
GBPJPY to 200!!!!GBPJPY has been off the back of strong bullish momentum and with this break and retest formation we may see buyers hold this level and push for a break of the psychological level 200. Wait for proper rejection in area to enter longs
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 BUY!!!GJ sentimental is bullish today, and early morning it just grabbed liquidity of the London session high. Now, let go long
We first aim for 1:1 the 1:2 after securing some profits
Bullish GBPJPYThe price has already broken out of the flag pattern and completed a retest. I also see a bullish engulfing candlestick forming. What are your thoughts? Let me know in the comments!
GBPJPY set for a possible riseRevised Analysis with Projections
1. Current Ichimoku Cloud (Kumo) Analysis:
Kumo Future Projection:
The cloud ahead is green, signaling bullish potential.
The cloud is flat on the top, indicating possible resistance near 194.9.
Support levels sit at 192.9 based on the bottom of the cloud.
Price Action:
Price is trading near the Kijun-sen (red line) and above the cloud base, a neutral to slightly bullish signal.
A pullback to the Kijun-sen around 193.8 or cloud support at 192.9 is possible before a move higher.
2. Ichimoku Wave Theory (N-Wave and P-Wave):
The N-Wave:
An A-B-C-D wave formation is developing:
A: 192.2 (recent low on Dec 5th)
B: 194.9 (recent high)
C: 193.0 (potential support pullback zone)
D: Projection upwards to 196.0 (extension of AB leg if the uptrend resumes).
Projections:
Take-Profit 1 (194.9): Expected within 8-12 hours (2-3 candles on the 4-hour chart).
Take-Profit 2 (196.0): Expected within 20-28 hours (5-7 candles).
3. Ichimoku Time Theory (Kihon Suchi):
Time cycles suggest possible turning points every 9, 17, or 26 candles:
The recent uptrend began around Dec 8 (approx. 7-9 candles back).
The next time window for reversal or continuation is around Dec 15-16.
A breakout above 194.9 or below 193.0 is likely to occur within this timeframe.
4. Trade Setup with Projections:
Buy Entry: Near 193.3-193.8 (pullback to Kijun-sen).
Stop-Loss: Below 192.9 (below cloud support).
Take-Profit 1: 194.9
Time Projection: Within 8-12 hours.
Take-Profit 2: 196.0
Time Projection: Within 20-28 hours.
Conclusion:
The trend is bullish-neutral with a higher probability of continuation if support holds.
Watch for a decisive break above 194.9 for confirmation of bullish momentum.
Projected Timelines:
194.9: 8-12 hours.
196.0: 20-28 hours.
