GBPJPY: Bullish Divergence on SupportGBPJPY is currently holding support at key levels and has formed a bullish divergence on the 30-minute chart, indicating potential upward momentum.
JPYGBP trade ideas
Lingrid | GBPJPY Potential Channel BREAKOUT. ShortThe price perfectly fulfilled my last idea. It reached target level. FX:GBPJPY is currently forming a triangle pattern and is testing the lower border of the upward channel. There is a potential for the price to break and close below this channel, which could indicate a shift in trend. On the daily timeframe, the formation of a double top pattern is notable, as this pattern often precedes a bearish move. Additionally, the price is showing lower highs, which indicates increasing selling pressure in the market. If these bearish signals continue to develop, it could lead to a significant downward move. My goal is support zone around 195.570
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GBP/JPY H1 | Approaching swing-low supportGBP/JPY is falling towards a swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 196.83 which is a swing-low support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 196.33 which is a level that lies underneath a pullback support.
Take profit is at 197.64 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level.
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GBPJPY-Sell on rallies The GBP/JPY currency pair pared some of its gains after weak UK jobs data.It dropped to a low of 196.88 at the time of writing and is currently trading around 197.08. The Potential Reversal Zone (PRZ) is set at 200.20.
In October 2024, the number of people in the UK claiming unemployment benefits rose by 26.7 thousand, following a smaller increase of 10.1 thousand in September. This was less than the expected rise of 30.5 thousand for October. The claimant count shows how many people are receiving unemployment help, indicating ongoing difficulties in the job market. The unemployment rate also increased to 4.3% in the three months before September 2024, up from 4.0% in August. This situation points to challenges in the labor market that need careful attention and support.
Technical Overview:
The GBP/JPY is trading above both short-term and long-term moving averages, which suggests a downward trend. The immediate resistance level is at 197.50. If the price breaks this level, it could rise toward 198.10/ 198.50,199.60/ or even 200.20. Support is at 196.70, and if that fails, the price could drop to 195.80 or 195.37.
Indicator Analysis:
The CCI and ADX indicators suggest a bearish trend right now.
Trading Recommendation:
Consider sell on rallies around 197.35-40 with SL around 198.10 and aim for a target price of 197.40.
GBPJPY TO SELL (GBP Claimant Count Change)Based on the level of resistance, we could see GBPJPY's price to drop as a short. There was claimant count change news for the GBP currency this morning.
Entry: 197.00
Take Profit: 196.5-196.00
GBPJPY is BearishPrice was in an uptrend, and reached the projected target of AB = CD pattern, however the bears seem to be exhausted as the ascending trendline is broken successfully, after the emergence of bearish divergence. Moreover, first lower low and lower high are printed further validating the control of bears. If the bearish pressure sustains, further downside in price action is expected as per Dow theory. Targets are mentioned on the chart.
GBPJPY MAP FOR TODAYGBPJPY MAP FOR TODAY
Daily candle closed bullish, and we’re eyeing the pullback:
Buy Zone:
• Targeting H4 breakout, H1 RBS, and lower timeframe for continuation buy setups.
Momentum’s with us, so let’s stay locked in and ready to grab those pips. Today’s all about precision and execution! Let’s go, team! 🚀💥
GBPJPY WILL MOVE LOWER SHORTHere is our detailed technical review for GBPJPY.
The price is testing a key resistance 197.995.
Taking into consideration the current market trend and overbought RSI,chances will be high to see bearish movement to the downside at least to 193.732 level.
GBPJPY LONG RISKY TRADE Execute the price at the exact price mentioned, NO FOMO.
💡KEEP IN MIND💡
I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
🚀Follow, I will drop daily 2-5 Intraday Charts🚀
POTENTIAL SHORTS on GJkey level has been respected and seeing a rejection which will more likely trigger sellers to short
GBP/JPY Set for Dramatic MovementsAt Vital Direction, we have conducted an in-depth analysis of GBP/JPY. Since December 2023, GBP/JPY surged in five clear impulsive waves, reaching a pivotal high around 208 yen by July 2024. This level marked a significant turning point, leading to an impulsive downward wave A, followed by a complex corrective phase structured as a WXY pattern.
We currently estimate that the Y wave is either complete or nearing completion with a potential top around 202 yen. This would set the stage for a wave C decline, potentially targeting the 174 yen area by February 2025.
This projection aligns with broader cyclical patterns, suggesting that GBP/JPY may find a significant bottom following this correction, presenting a possible bullish reversal opportunity thereafter.
GBPJPY Massive Long! BUY!
My dear friends,
Please, find my technical outlook for GBPJPY below:
The price is coiling around a solid key level - 197.38
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 198.07
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
GBPJPY Bullish Analyse UpdateMy last bullish analyse hold and go well. with today low volume I to expect a pull back and on Asian session should be back on bullish
GBPJPY 1H $$$
GBPJPY IS BULLISH IN 1H TF
TAKE LOW TIME FRAME CONFIRMATION TO GO BUY AT THE SPECIFIED ZONE
gbpjpyHELLO Traders, GBPJPY pairs now creating liquidities above and approaching into fresh supply which has the potential to reverse down trend
GBPJPY REVERSAL Technically:
GBPJPY is printing bearish divergence
GBPJPY break bullish trendline
GBPJPY break its last Higher Low
GBPJPY Will Move Lower! Short!
Here is our detailed technical review for GBPJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 197.995.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 193.732 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 BUYUptrend and higher bottom than bottom.
The price respected the golden Fibonacci zone and bounced from the demand zone 196.640
Good luck everyone 🍀
GBP/JPY BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
GBP/JPY is making a bearish pullback on the 2H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 198.124 level.
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GBPJPYThe Gbpjpy was bullish for a long time, but recently, it broke out of the supporting trendline and made its way down to over 150 pips. It has also pulled back to Fibonacci's 61.8% Mark. All things being equal, the pair is expected to short 195.868.
happy trading. we hope it works as planned
GBPJPY BREAK DOWN 12M 3M 1M 1W 1D 4H 1H Here is my out look for all possible time frames bullish out look for pound yen
