GBP/JPY BEARISH The GBP/JPY pair is decisively rejecting a key resistance level. Banks are strategically trapping buyers, supported by the bearish influence of a negative Monetary Policy. A potential target for position traders will be 188.000.
GBPJPY.100.CSM trade ideas
GBP/JPY 15-Minute Chart AnalysisKey Observations:
1. Descending Trendline Break:
- The price has broken above a descending trendline, signaling a potential bullish reversal.
2. Demand Zone:
- The price found support near the highlighted demand zone 196.430–196.600.
3. Bullish Setup:
- A long trade setup is active, with stop-loss set below 196.168 (extended stop-loss at 195.782) and multiple take-profit targets:
- Target 1: 197.271
- Target 2: 198.063
- Target 3: 198.815
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Trading Scenarios:
1. Bullish Continuation:
- If the price sustains above 196.600, it is likely to move toward 197.271. Breaking this resistance level could lead to further upward momentum targeting 198.063 and eventually 198.815.
2. Invalidation of Bullish Setup:
- If the price falls below 196.168, the bullish setup will be invalidated, and the pair might retest the previous low near 195.782.
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Trading Plan:
- Entry (Buy): Above 196.750, targeting 197.271 (first target) and 198.063 (second target) and 198.815 (third target).
- Stop-Loss: Below 196.168 for standard risk or 195.782 for extended risk.
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Stay disciplined with risk management and watch for any signs of rejection near resistance levels.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult a financial advisor before making investment decisions. Trade responsibly.
GBPJPY Analysis on (16/12/20240GBPJPY UPDATEDE
Current price - 194.400
If price stay above 192.000,then next target is 196.600 and below that 191.000
Plan1;If price break 194.500 -194.000 area,and stay above 194.500,we will place buy order in GBPJPY with target of 196.600 and 198.400 & stop loss should be placed at 192.000
GBPJPY Analysis on (05/12/2024)GBPJPY UPDATEDE
Current price - 191.000
If price stay above 189.000,then next target is 194.000 and below that 186.000
Plan1;If price break 190.500 -190.900 area,and stay above 191.000,we will place buy order in GBPJPY with target of 193.000 and 195.000 & stop loss should be placed at 189.000
GBP JPY OrderFlow GBPJPY OrderFlow Analysis -
Intraday bias in GBP/JPY remains neutral first. While recovery from 188.07 might extend, further decline is expected as long as 55 D EMA (now at 194.07) holds. On the downside, below 190.33 minor support will turn bias to the downside for 188.07, and then 183.70 support.
Thank you
GbpjpyUpside movement Daily Chart
Rsi Hist analysis
Of GBP jpy
Upside movement Daily Chart
Rsi Hist analysis
GBPJPY Analysis on(04/12/2024)GBPJPY UPDATEDE
Current price - 189.700
If price stay below 190.800,then next target is 188.000 and below that 193.000
Plan1;If price break 189.700 -190.200 area,and stay below 189.600,we will place sell order in GBPJPY with target of 186.200 and 188.000 & stop loss should be placed at 193.000
GBPJPY Analysis on(27/11/2024)GBPJPY UPDATEDE
Current price - 191.600
If price stay above 189.500,then next target is 193.400 and below that 186.000
Plan1;If price break 191.200-191.500area,and stay above 191.700,we will place buy order in GBPJPY with target of 193.400 and 195.400 & stop loss should be placed at 189.500
GBPJPY Analysis on(25/11/2024)GBPJPY UPDATEDE
Current price - 193.700
If price stay above 192.200,then next target is 195.200 and below that 191.000
Plan1;If price break 193.800-193.500area,and stay above 193.800,we will place buy order in GBPJPY with target of 195.200 and 197.000 & stop loss should be placed at 192.000
GBPJPY 1D SELL POSSBILITY has we can see the GBPJPY HAS come to resistance zone in daily time frame, i have kept stop loss little wide only , this is long term trade , let hope for the best . if the structure get changed , then i will update you people keep following
GBPJPY BUY SETUP R:R 1:5This is short term Trade
Wait for Marked demand zone.
Wait for CHoCH in LTF
Then Enter with the LTF OB.
Please do your own research before entering the trade.
Shorts on Gbpjpy1. Trade is based on pure price action and order flow.
2. Rinse and repeat. Break of structure on HTF and Unmitigated Area.
Overall Highly Bullish. Will be taking longs after this.
GBPJPY 4 H SELL hi, i have plan to short there are 2 possible are there, this 1st possibility to sell, let see what happens
GBPJPY MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
GBPJPY BUY SETUPReasons to Take Trade
4Hr Imbalance Filled
50% of FIB Mitigated
Hidden OB Mitigated
Stop Hunt and QML Present
Please do your own research before entering the trade
GBP/JPY FOREX W PATTERN The W pattern, also known as a double bottom, is a bullish reversal pattern in technical analysis. It indicates a potential shift from a downtrend to an uptrend. Here’s a breakdown of the W pattern:
Formation: The pattern resembles the letter “W” and consists of two consecutive lows (bottoms) separated by a peak (middle peak).
First Bottom: This forms after a prolonged price decline, marking the lowest point of the current downtrend.
Middle Peak: The price then rises, forming a peak before declining again.
Second Bottom: The price falls again to a level similar to the first bottom, indicating a support level.
Breakout: The pattern is confirmed when the price rises above the middle peak, signaling the start of a new uptrend12.
Trading the W pattern involves waiting for the breakout above the middle peak before entering a long position. This helps in minimizing risks and maximizing potential gains12.
GBPJPY SHOWING A GOOD UP MOVE WITH 1:5 RISK REWARD GBPJPY SHOWING A GOOD D
UP MOVE WITH 1:5 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
