GBP/JPY Buys, Retesting broken structureGJ retesting previous highs, will be looking for rejections around this area to enter buys.
GBPJPY trade ideas
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.
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GBPJPY BUY PROJECTION We see price was in a downtrend, it broke out and started an uptrend, I expect price to still go long, because in the weekly TF, it is meant to meet an extreme buy. Buy now
GBPJPY ASCENDING ChannelGBPJPY is tradind inside an ascending channel
i think it will continue up to test the upper channel arround 193.00
try to have an entry at 189.75 or direct market entry for medium risk
check the chart notes for details
GBPJPY Strong bullish break out inside the Channel Up.GBPJPY is having its strongest (1d) candle today in almost 18 months.
The main pattern is a Channel Up and this rise is extending its new bullish wave.
The previous one retested the MA50 (1d) after crossing over it and the resumed the uptrend to peak on a +8.70% rise.
Trading Plan:
1. Buy on the next MA50 (1d) test.
Targets:
1. 204.500 (+8.70% rise).
Tips:
1. The MACD (1d) formed a Bullish Cross 9 days ago, the 3rd inside this 5month Channel Up, which confirms that we are on a bullish wave.
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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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uptrendConsidering the price behavior in the current support level, there is a possibility of the upward trend continuing. With the breakdown of the green support area, a corrective and downward trend will be possible
GBPJPY POSSIBLE SCENARIOGBP/JPY Analysis : Head and Shoulders Pattern Detected
A Head and Shoulders pattern has been identified on the GBP/JPY chart, indicating a potential reversal of the uptrend.
Recommendation:
Consider short positions or bearish strategies to capitalize on the potential downside movement.
Best Wishes Tom 😎
i see GBP/JPY will be testing 180 in coming months of 2025A rejection from the upper resistance could signal a bearish move, leading to a test of lower channel support or further down to 180
Conversely, if the price breaks above the upper channel line, it may indicate continued bullish momentum.
GBPJPYGBPJPY has been trading in a bullish trend within the last day.
Support levels are now located at 194.100 and 191.150.
Now, the resistance level is located at 196.900.
Analysts recommend opening a Buy order with a stop loss below the previous low.
The upcoming news will not influence your orders within the mentioned period.
GBPJPY is preparing for a pullbackGBPJPY is preparing for a pullback
The chart has broken the descending structure.
The price is moving from the dynamic support and now approached the dynamic resistance.
We expect a pullback after a retest of the upper trend line.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
GBPJPY We looking for buying opportunities as the market is still inside a bullish trend as we wait for the retracement then we will be expecting buys as the market is still inside the bullish trend|1H TIMEFRAMWE
#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.
Potential bullish rise?GBP/JPY has reacted off the support level which is an overlap support and could rise from this level to our take profit.
Entry: 194.67
Why we like it:
There is an overlap support level.
Stop loss: 193.14
Why we like it:
There is an overlap support level.
Take profit: 197.72
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% Fibonacci projection.
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GBPJPY- Reversal above 195?After reaching a low of 188, GBP/JPY reversed to the upside in a normal corrective move and found resistance near the 192 zone. A subsequent drop followed, but instead of resuming its downtrend, the pair began consolidating within a range.
The emerging pattern, while not perfect, resembles an inverse Head & Shoulders. A break above the neckline would confirm this formation and pave the way for further gains, potentially targeting the 195 resistance level.
I remain bullish on GBP/JPY as long as the pair stays above the recent consolidation support.
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 BULLISHOverall trend of GBPJPY is uptrend, so i'm only looking for buy after it came back to retest the support which is also in line with my trendline. I'm for BUY right away.
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
GBPJPYBulish Biasd
1#Dow theory is bulish
2#Bulish hammer at support
3#Fib level 0.618 test
4#parallel channel continuetion
5#beark ressistance 3 strong bulish candle make new high and retrace and showing new HL make bulish hammer .
6#no divergence.
Buy 196.082
Stop loss 193.467
take profit 198.732
RRR 1:1
GJ to 195.000Price overall is in a uptrend. price is retesting highs so we should see a continuation to the upside.
