gbpjpythe price is now reacting at the demand area and now acumulation phase, see the refinement at 5 mins. area of demand reacting creating small momentum to push above liquidity
JPYGBP trade ideas
GBP/JPY Market Analysis for Sunday Night OpenThe GBP/JPY chart shows a recent downtrend followed by a recovery as the price approaches a key resistance zone around 197.90 - 198.00. We can observe some consolidation and a potential reversal pattern, with the price creating higher lows, suggesting possible bullish momentum.
Resistance Zone (197.90 - 198.00): This area has acted as strong resistance recently, and a clear break above could signal continued bullish momentum. If the price breaks and holds above this level, we could see a rally toward higher resistance around 198.20 - 198.50.
Support Levels: Immediate support is around 197.50, and if the price fails to break above resistance, we may see a pullback toward this level. A breakdown below this support could lead the price to test the lower zones at 197.20 and 197.00.
Potential Price Action Scenarios:
Bullish Scenario: A breakout above 198.00 would confirm a bullish continuation, aiming for 198.20 - 198.50.
Bearish Scenario: If sellers take control and the price falls below 197.50, we may see a retest of support levels near 197.20 - 197.00.
Indicators: The MACD is currently positive, showing signs of bullish momentum, but it's essential to watch for any divergence or a possible crossover, which might signal a weakening in buying pressure.
Summary: For the open, I’ll be watching how the price reacts around the 197.90 - 198.00 resistance zone. A strong breakout would favor long positions, while rejection around this area or a break below 197.50 could open opportunities for shorts targeting the lower support levels.
GBPJPY top-down analysis it is a bullish move but!!!!Major Perspective is on an upward movement
So from the 1M first is on an upward movement and is that the major reversal to a point 179.335 then head back up.
So, I also from the weekly time frame that I saw that is might probably have a liquidation sweep and head back down to 170.000 area
But probably still go up then come down but I just really feel to be a liquidation sweep from the 4 hours we saw that it has gone to a level around an order block and probably come down and from the 1 hour it's making a downward movement kind of!!!!, it is looking juicy for a day trading.
GBPJPY TRADE SETUPWait for retest the entry level then take a trade for Sell otherwise skip this setup
GBPJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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GBPJPY UPDATEHi all
2 possible trade plan...
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GBPJPY View!!Not much in USD/CHF before Wednesday and 0.8765 on $500 million and between 0.9035-45 on $807 million. The biggest EUR/CHF strike expiry is on Monday at 0.9705 on 626 million euros.
GBP/USD strike expiries worth noting are on Monday at 1.2940 on £553 million and between 1.2975-90 on £1 billion. There's little thereafter until Friday at 1.2970 on £713 million.
GBPJPY is in the Down TrendHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
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GBPJPY BUYJust go through the charts again, and see the clear set up, easy and simply understandable
ROADMAT TO WHEREWAITING for some good japanese interventions on the month ahead .
180 looks solid. so does 191. shorting this on evidence of sell off
GBPJPY Is Going Down! 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 market is approaching a key horizontal level 197.624.
Considering the today's price action, probabilities will be high to see a movement to 191.203.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBPJPY price is expected to drop next week after completion of the ending diagonal which serve as micro wave 5. Price dropped for minor wave 1/A and rally retracement was done which serve minor wave 2/B and more drop is expected in coming weeks which is minor wave 3/C and have a target of 191 price level.
SHORT NOW - GBPJPY - INTRADAY IDEASHORT NOW - This GBPJPY chart is according to M15.
Execute the price at the exact price mentioned, NO FOMO.
🚀Follow, I will drop daily 2-5 Intraday Charts🚀
GBP-JPY Local Short! Sell!
Hello,Traders!
GBP-JPY went up to retest
The broke rising support
Which is now a resistance
And we will be expecting
A local bearish correction
Sell!
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GBPJPY UP FOR NOWNot sure about this one, it broke the uptrend as well but it might not be so sure for GBP to fall like the others ;
For now RSI is low and it seems like a stairs pattern, going up at least to the next HH KL.
GBPJPY SELL PROJECTION GBPJPY has fulfil is project of going Long, it broke out and retested and went long to a supply zone, I advise we short now
GBPJPYA large zigzag before it dumps to new lows. The move is anticipated to be similar to the first sell-off.
Price has retraced to the strong resistance zone, that is 62-78% Fibo retracement. Need a confirmation, at this point the risk is too high.
Trade safe
GBPJPY wave structure analysis on 15 minute and 4 hour timeframe4H swing is bearish.
M15 swing is bearish => current is pullback.
The current price is in the supply zone of the 15-Minute Timeframe, so we can look for a selling opportunity in this zone.
GBPJPY Possible moveDue to the price closing just not above our ChocH and the impulse from the Choch created taking out major precious levels , we are likely to experience more bearish movement from GBPJPY. Risk management is emphasised and this is not trading advice !!!
Bullish pressurePound Yen is currently pulling back up and has or is currently bouncing from the immediate resistance. Stability above 195.250 will continually push the price up. Break below, this barrier may continue downward momentum.
GBPJPYThe GBPJPY should continue its upward trend into November, so we'll see what the month has in store for us.
GBPJPY Sell OpportunityD extension completed and sold off to 195.37. Price has retraced to the 50 ema/ 61.8% fib level to restart the ABCD pattern.. Looking for price to continue down to 194.5 ish to complete another D leg extension.
GBPJPY Sell Opportunity!I am expecting a downward move. My sell zone is the yellow box. You can try.
