“GBP/JPY Supply Zone Short Setup – Precision Entry with 1:2 R:R!Strategy: Short/Sell Setup
🔵 Current Price: 189.536
📉 Trend Bias: Bearish setup forming
🔷 SUPPLY ZONE (Sell Area)
📍 Zone: 190.000 – 190.593
🟦 Marked in blue on the chart
⚠️ Sellers likely to step in here!
🔺 Action:
Enter SELL here if rejection confirms
🔴 Bearish candles / wicks are key signals.
🔸 STOP LOSS 🔸
❌ Above supply zone:
📍 190.593
🛡️ Protects against false breakouts.
🎯 TARGET POINT 🎯
📍 187.501
💰 Strong support zone
✅ Risk:Reward ≈ 1:2+
📊 Price Movement Projection
🔵 Dotted trendline shows rising support
⚠️ A break of this could trigger the drop
⬇️ Potential fall from supply zone to target
📌 Summary:
* 🔼 Wait for price to test supply zone
* ⏳ Confirm rejection
* 🔽 Target: 187.501
* 🛑 SL: 190.593
* ✅ High R:R setup!
Gbpjpysell
GBP/JPY Bearish Reversal Setup–Eyeing Breakdown from Supply Zone1. Supply Zone (Resistance Area) 🟦 Supply Zone:
Located around 189.500–190.000
🔺 Price got rejected here multiple times — strong selling pressure.
2. Ascending Trendline Support
📈 Trendline connecting higher lows (marked with yellow dots)
🟡 Support tested multiple times, acting as a rising wedge structure.
3. EMA (7) — Exponential Moving Average
⚫️ EMA (black line) is currently near price — indicating short-term trend stalling.
4. Bearish Breakout Setup
🔻 Anticipated price drop shown with red/orange arrows
📉 If price breaks below trendline:
🎯 Target Point: 186.600
⬇️ Expected drop: ~1.51%
5. Price Movement Outlook
🔁 Possible minor pullback before breakdown
⛔️ Bearish signal increases if the trendline fails.
Summary (with emojis):
📍 Entry Idea: Short near resistance zone (189.500–190.000)
⛓ Trigger: Break of trendline support
🎯 Target: 186.600
⚠️ Stop-loss: Above 190.000 (above supply zone)
💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (152.11).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 151.20
TP2= @ 150.73
TP3= @ 150.20
TP4= @ 149.49
TP5= @ 148.92
SL: Break Above R2
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ForecastCity English Support Team ❤️
💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (150.58).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 19.
Take Profits:
TP1= @ 150.18
TP2= @ 149.55
TP3= @ 149.19
TP4= @ 148.61
TP5= @ 147.89
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
GBPJPY Channel FormationSell GBPJPY
Things to consider:
1. Channel formation on daily timeframe
2. According to COT data GBP is Neutral and JPY is shortening
3. Down Momentum Started
How to enter:
1. Sat and Sun is off so entry will be done on Monday
2. SL - 152.6 TP - 150
3. Follow my analysis
ALL THE BEST!
GBPJPY Head & Shoulder Formation (Weekly)Head and Shoulder pattern has been formed on GBPJPY on weekly time frame.
The price is most likely to move down from the neckline.
Things to consider:
1. Weekly Head & Shoulder formation
2. Monthly Resistance
3. Latest COT report - GBP "Neutral" & JPY "Short"
How to enter:
1. Follow the analysis that i have made
2. Locate all the important price areas
3. Entery should be taken in 4 hr timeframe
ALL THE BEST!
💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (153.09).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 48.
Take Profits:
TP1= @ 152.59
TP2= @ 152.31
TP3= @ 151.90
TP4= @ 151.30
TP5= @ 150.89
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️