GBP/JPY SELLGJ from last Friday had induced into supply and showed rejections to head down. This morning also created a fake out for early buyers and now looks to continue down for the real move.
Upon seeing this and 15min close below zone as additional confirmation I entered sells @188.400 with sl@188.66( Risking 28pips).
TP1: 187.75 TP2: 187.55 TP3: 187.25
* Where has the market moved since I entered my trade? In slight profits
* If I looked at the market now, would I take the same trade? Yes
* How do I feel about my trade? calm, Confident
* What do I like about this trade ? Playing out as anticipated
* What do I dis-like about this trade now? nothing
* On a scale of 1 to 10, where would I rate this Trade now? 7/10
* If I were not in a trade now, would I take the opposite trade ? no
Gbpjpyshort
GBPJPY H1 / POSSIBLE BREACH OF THE STRUCTURE 📉Hello Traders!
This is my idea related to GBPJPY H1. I expect a retracement after GJ will set a new BOSS. If confirmed, I will set two Take Profit levels. The first one is at the FVG H1, where is also the FIBO 50%. The second TP I will set at the BOSS level. I'm very curious about next week's move on GJ.
Keep in touch!
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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gbpjpy sell signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPJPY Sell (scalling) Pure technical analysis
This morning in Tokyo session GBPJPY made a small tight range after made down ward move yesterday.
We have two possible ideas for this pair to continue sell (blue and red arrows). Enter at the breakout of the lowest channel or wait for the price to purge Asian session liquidity in the next London session to put safe stop loss. Ride the wave to the previous support.
Sell GBPJPY Bearish ChannelThe GBP/JPY pair on the M30 timeframe exhibits a bearish channel pattern, suggesting a potential selling opportunity in the coming minutes or hours.
Key Points:
Bearish Channel: The price has been confined within a descending channel, characterized by two falling lines, one for resistance and one for support. This indicates ongoing selling pressure and potential for further decline.
Sell Entry: Consider entering a short position around the current price of 186.40, situated close to the channel resistance. This offers an entry point near a potential reversal zone.
Target Levels: Initial bearish targets lie at the support levels of 185.50 and 185.02, marking previous support zones within the channel.
Stop-Loss: To manage risk, place a stop-loss order above the channel resistance line at 186.90. This helps limit potential losses if the trend breaks unexpectedly.
GBPJPY Long Term Buying Trading IdeaHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
🟢This Chart includes_ (GBPJPY market update)
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GBPJPY I Pullback within the flag and bullish continuation 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.
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Can the Dragon Soar to New Heights Or Plummet Lower? The start of 2024 has been remarkably bullish for this pair, and we're quickly nearing an important resistance point: last year's high at 188.700. Today's higher-than-expected UK CPI figures might just be the push needed to reach this level.
Taking a look at the daily chart, we see that since June last year, this pair has been in a sideways holding pattern. This could be seen as a distribution phase, especially as it's happening within a key monthly SUPPLY/SELL zone, the same one that sparked the massive 2015 sell-off.
My current thinking leans towards a sell idea, as long as last year's high remains unbroken and there isn't a decisive weekly/monthly close above this level.
I'll be on the lookout for SELL signals on the daily charts with my TRFX indicator as we near the 188 mark. This is a straightforward play at the top of a range-bound market, contingent on the right signal.
The aim for this trade idea is the lower end of the range at 179, which could likely trigger another upward bounce. But if the price breaks through the bottom of the range, we could see a plummet all the way down to 170 or even lower.
However, if there's a clear break of last year's high, a move towards the 192 monthly SUPPLY/SELL zone becomes probable, potentially targeting the 2015 high of 195.8.
I believe the best risk/reward scenario lies in selling at the top of the range, OFFCOURSE waiting for the right entry signal , and then setting a stop loss above the range far enough to avoid spikes and stop hunts.
Next week's BOJ meeting, where a shift away from negative rates might be signaled for later this year. But considering the letdowns from last year's meetings, I'm cautiously optimistic – though open to being pleasantly surprised.
With probable rate cuts in the UK sometime this year and a possible end to the BOJ's negative rates, this pair could experience a significant drop.
That's my take on it – I'd love to hear your thoughts.
H1 | GBPJPY | START OF SELL TREND.Hello everyone ...
FROM here sell trend will start price may fake out to buy side for sl hunting then sell trend will start...
Use good RISK management only thing important in Trading is how you manage your trade...
WHAT YOU THINK ABOUT THIS PAIR LET ME KNOW IN COMMENT..
.. good luck..
GBPJPY SELLING ON DIPS BOJ INTRESET RATES AHEAD !!!HELLO TRADERS
I am looking on this chart and its now created a ATH on Daily and Weekly TF & trading in a channel. as we know tomorrow is BANK OF JAPAN interest rates coming out and I hope so it will be good for JPY even they are same as in forecast maybe it can be surprising expected the BOJ to end its negative rate policy, which has set Japan's short-term deposit rate to minus 0.1% over the past seven years, Governor Kazuo Ueda told a newspaper interview earlier this month the BOJ might get enough data by year-end to judge whether it could end negative rates, prompting traders to buy the yen to hedge against a possible earlier-than-expected rate hike.
While it has bounced back in the last couple of trading sessions due to some “bargain hunting” amid oversold conditions, the downside may not be done just yet.
it's just a trade idea friends share your thoughts with us it helps us all.
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GBPJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPJPY
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How to Earn Money Online by Shorting JPY Pairs 🚀Sure, I can help you with that. Here is a possible rewrite of your post with more engaging language and emojis, and the key word "earn money online":
Title: How to Earn Money Online by Shorting JPY Pairs 🚀
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📈JPYX D1 chart shows that it had a Displacement and ChoCh in the first week of December last year, which means it was overbought and due for a correction. And guess what? Last week, it bounced off the support level at 753 and formed another ICT Long setup around 750, where there was a FVG in November last year. This is a clear sign of weakness and exhaustion. 😵
📉We predict that JPYX will soon hit the resistance level at 767.2 and then fall back below 760.8, which is the Buy Zone of JPYX. This is the perfect time to short JPY pairs and earn money online with Swing trading. 💸
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⚠️Disclaimer: Trading forex is risky and you should only trade with money you can afford to lose. We are not responsible for any losses you may incur from following our signals. Always do your own research and analysis before placing any trades.
Sell GBPJPY Triangle BreakoutThe GBP/JPY pair presents a potential selling opportunity on the H1 timeframe, fueled by a recent bearish breakout from a triangular consolidation pattern.
Key Points:
Bullish Triangle Breakout: Though seemingly counterintuitive, the price has broken downward from a bullish triangle formation, characterized by converging resistance and support lines. This often indicates a reversal of the prior upward trend and a shift in momentum towards the downside.
Sell Entry: Consider entering a short position around the current price near 187.40, offering an entry point close to the breakout level.
Target Levels: Initial bearish targets lie at the support levels of 186.05 and 185.16, marking previous support zones within the triangle.
Stop-Loss: To manage risk, place a stop-loss order above the resistance line of the broken triangle at 188.70
Fundamental Updates :
Bank of England (BoE) Meeting and Interest Rate Decision (Feb 2): While the BoE is expected to raise rates again, the focus will be on the size (25bps or 50bps) and future policy guidance. Dovish pronouncements could weaken the GBP and benefit selling GBP/JPY.
Thank you.
GBPJPY - W1\D1GBPJPY
W1 - The price may push off from the upper boundary and a strong level, which may lead to a guaranteed fall to 179.228 (lower boundary)
D1 - The price has approached the breakout of the 1st wave, which can form the 3rd wave and begin a downward movement to the local level of 184.187.
What can you expect?
You can consider entering from the current levels of 187.136 with a Target of 184.187. Also, if you are considering an entry, you can irrigate the price fixation below the minimum of the 1st wave, which will make your entry point more confident.
Cancel if the price breaks the maximum of the 2nd wave - 188.619.
Short
Target 186,710 - 186,051 - 185,342 - 184,187 - 179,228
GBPJPY H1 buy now # Today Confirm Analysis GBP/JPY extends its losses for the second session on Tuesday, edging lower to near 187.40 during the Asian session. The GBP/JPY cross faces a challenge of risk-off sentiment due to the escalated situation in the Middle East, which drives the investors toward the safe-haven Japanese Yen (JPY), which in turn, acts as a headwind for the GBP/JPY pair.
The expectation is that the administration of US President Joe Biden will give the go-ahead for military actions in retaliation to the recent drone attack on a US outpost in Jordan. This attack led to the loss of three US troops and left at least 24 individuals injured.
GBPJPY BUY NOW 186.712
CONFIRM TARGET 188.121
Yemi_Fx1 | GJ to Sell📉GJ completed the validation of the double top pattern on the daily time frame, Showing that the bears are ready to take over has the previous day closes bearish, we may see an impulsive move on OANDA:GBPJPY with this in mind I'm anticipating the formation of a continuation pattern to prepare me for opportunity to short the pair.
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GBP/JPY SELL IDEA NEAR PIVOTAL AREA!!! Hello everyone, I will be selling GBP/JPY near 187.665 that's where the pivotal area is at and that's where it should retest the downwards trendline. My target will be at 185.998 (Daily D Extension.) This pair should continue to drop much more. Will be updating chart with new target once trade is over. Stop loss will be at 188.105
Happy Trading :)