GBP/JPY SIGNALS

Posts: 3 · #301 - September 29, 2022, 08:59:04 PM

Long term outlook on GBPJPY?

Posts: 19497 · #302 - February 27, 2025, 12:39:08 AM

Today there is a possibility that GBPJPY will fall because it is moving below MA200, I think the target could fall to a price of 188.14

Posts: 19497 · #303 - April 07, 2025, 10:55:36 AM

GBPJPY There are several large bearish candlesticks that show very strong selling pressure, indicating seller dominance. These candlesticks have long bodies with few upper wicks, emphasizing strong downward momentum. If there is no dominant candle that breaks support/resistance, then the price will most likely continue to move sideways between 187.50 - 188.70.

#304 - **Today** at 08:03:05 AM

Posts: 19497 · #304 - April 10, 2025, 10:03:13 PM

GBPJPY we can see a consolidation phase after a fairly sharp price spike upwards, followed by a downward correction and currently the price is moving sideways right around the 200 Moving Average, Since the current price is right at the 200 MA and does not show a clear direction, it is better to wait for confirmation of a breakout from the current consolidation zone. If the price breaks through and stays above 187.60, then this could be a buy signal with a target of 188.30 - 188.70.

Posts: 19497 · #305 - April 21, 2025, 01:37:38 PM

GBPJPY Analysis, April 21, 2025
GBPJPY on TF M15 shows that the price experienced quite significant selling pressure, marked by a sharp decline and a long bearish candle. However, the decline was immediately followed by a rebound, showing high volatility but without a strong continuation of the trend. After this phase, the price tends to move flat and consolidate around the 188.70 - 189.00 area. This movement shows that there is no significant dominance between buyers and sellers.
Since the market is still in a consolidation phase, the wise step is to wait for a valid breakout confirmation. If the price manages to break through and stay above the resistance level of 189.00 with solid volume and bullish candles, then a buy entry can be made with a target of 189.30 - 189.50. Stop loss can be placed below the 188.40 level.

Posts: 19497 · #306 - April 22, 2025, 10:09:27 AM

GBPJPY Analysis, April 22, 2025
GBPJPY on TF M15 shows that the current price is below the Moving Average line. This indicates that the current general trend tends to be bearish or down. After the consolidation phase on the left side of the chart, the price began to show consistent weakness by forming lower highs and lower lows gradually. The price movement that broke below the MA and continued to be held below it also strengthens the signal that sellers are still dominating the market.
If the price rises again approaching the 188.30 - 188.50 area, it could be a good entry for a sell position. Stop Loss is placed a few pips above the MA, for example at 188.65, just in case the price reverses and breaks through resistance.

Posts: 19497 · #307 - April 23, 2025, 10:58:33 AM

GBPJPY Analysis, April 23, 2025
GBPJPY on TF M15 At the beginning of the chart, the price moved sideways with a bearish tendency below the MA200. This indicates that selling pressure was quite dominant at that time. The price tried to approach the MA200 several times, but failed to penetrate strongly, emphasizing that this line acted as dynamic resistance.
Next, there was a fairly sharp downward movement, deepening the bearish trend. However, shortly after that, the market began to show signs of a reversal. There was a sharp increase that managed to bring the price to penetrate and stay above the MA200. This strong breakout was accompanied by a spike in volatility, seen from the long candle indicating strong bullish momentum.
Given these conditions, the best approach is to take a wait and see approach while observing the price reaction to the MA200. If the price continues to stay above the MA200 and a bullish continuation pattern appears such as a bullish flag or a minor resistance breakout, this could be a signal to open a buy position.

Posts: 19497 · #308 - April 28, 2025, 12:39:28 PM

GBPJPY Analysis, April 28, 2025
The GBPJPY chart on the M15 timeframe shows market conditions that are currently in an uptrend. This can be seen from the price movement that forms higher highs and higher lows consistently. From the Price Action side, it can be seen that after printing a local peak, the price is currently experiencing a downward correction towards the demand area marked with a green box. This is a minor support area, where previously there was consolidation and a strong upward push, so this area is a strong candidate for a price rebound.
The recommended strategy is to make a buy entry when the price enters the green support area (around 190.80) with confirmation of a bullish candlestick. Stop loss can be placed below the support area and moving average, namely below 190.67, to provide healthy movement space. The first target can be directed to the previous minor resistance area, namely around 191.60 - 191.80, with the potential to extend the target higher if the momentum continues.

Posts: 19497 · #309 - April 30, 2025, 12:22:02 PM

GBPJPY Analysis, April 30, 2025
GBPJPY's decline is quite sharp, indicating strong selling pressure and could signal the start of a correction phase or even a short-term trend reversal. The price that was previously above the SMA has now broken down and is below the line, which is an early signal of a bearish trend reversal.
Entry Sell: in the range of 191.10 - 191.25 when the price enters the green zone and shows signs of weakening. Stop Loss: place it slightly above the resistance area, for example in the range of 191.35 - 191.40, to avoid false breakouts. The initial take profit target can be placed in the nearest support area around 190.50 - 190.30.

Posts: 19497 · #310 - May 01, 2025, 10:08:50 AM

GBPJPY Analysis, May 01, 2025
GBPJPY on TF M15 is in a very strong uptrend. After a strong surge, the price shows signs of a slight retracement. There is no significant trend reversal signal in the current candlestick. In terms of price action, the previous increase was impulsive, while the current decrease is corrective, indicating the potential to continue the uptrend if the price manages to form a valid higher low.
My trading recommendation is to wait for the price to fall to test the demand zone at 191.56 and then buy with a stop loss at 191.25

#311 - **Today** at 08:03:05 AM

Posts: 19497 · #311 - May 06, 2025, 12:14:22 PM

GBPJPY Analysis, May 06, 2025
GBPJPY on TF M15 shows that the price had rebounded to the supply area, but immediately received a rejection reaction in the form of a bearish candlestick indicating that selling pressure was back. There is no valid bullish reversal pattern, instead there is a bearish rejection candle, a strong signal that this green zone is an active resistance point.
The best approach at this time is to trade following the downtrend by taking the opportunity to enter sell after the price fails to break through the resistance and shows a signal to decline again. Entry sell can be done when the price closes the bearish candle after touching or approaching the green zone around the price of 191.03 with a stop loss placed at a price of 191.41 and take profit at a price of 190.55

Posts: 19497 · #312 - May 21, 2025, 12:58:11 PM

GBPJPY Analysis May 21, 2025
GBPJPY on the M15 time frame is not strong enough to reverse the trend, and sellers still have control over market movements. In addition, there is no consistent higher high formation, which further confirms that the current trend tends to be bearish. The best approach in conditions like this is to follow the direction of the ongoing trend, in this case a downtrend. Trading against the direction of the main trend without a valid signal is high risk. We can try to look for sell opportunities if the price corrects to the supply area at a price of 192.97 with a stop loss placed at a price of 193.20 and a take profit at a price of 192.62

Posts: 19497 · #313 - May 27, 2025, 02:36:28 AM

GBPJPY Analysis, May 27, 2025
GBPJPY on the M15 time frame In the green zone, there is a reversal candlestick pattern called ?bearish engulfing? on a micro scale. The large bearish candle completely ?engulfs? the previous bullish candle, giving a strong signal that buyers have been defeated in the short-term battle. In this context, the pattern appears right in the resistance area confirmed by the MA, thus strengthening the signal from a technical confluence point of view. In addition, after the engulfing pattern was formed, the price not only moved down but also formed new lower highs and lower lows, indicating the start of a broader bearish structure. This marks the transition of the market structure from bullish to bearish, an important signal in trend following and breakout strategies.
Based on all the elements of the technical analysis above, the most rational recommendation is to look for opportunities for short positions. The first profit target can be placed in the red support area around the price of 192.29, with the potential for an extended target if this level is broken. For optimal risk management, it is recommended to use a risk-to-reward ratio of at least 1:2.

Posts: 19497 · #314 - May 28, 2025, 11:31:30 AM

GBPJPY Analysis, May 28, 2025
GBPJPY on the M15 time frame shows that the price is consolidating around the support zone. Although there is selling pressure, the price is unable to penetrate the support area significantly, indicating that buyers are still maintaining their power. The price reaction to this green zone can be categorized as a "successful retest", which is when the price returns to the support area but is unable to penetrate below, which is usually followed by a continuation of the uptrend. This phenomenon indicates that there is still high buying interest in the area. Trading recommendations based on this analysis are to look for buying opportunities with a top loss placed at a price of 194.12 and no profit at a price of 195.23

Posts: 19497 · #315 - May 30, 2025, 01:31:24 PM

GBPJPY Analysis, May 30, 2025
GBPJPY on the M15 time frame currently shows signs of weakening from the downward trend. This is reflected in the price movement which has begun to stabilize after touching the support area (green zone). A rebound from this area could be an early signal of a potential trend reversal or at least an upward correction before continuing the downward trend if selling pressure remains dominant. The last bullish candlestick has a long body with a few upper and lower shadows, indicating buyer dominance in the candle. This adds weight as a technically valid reversal signal. Buy entry can be made at the current market price, or wait for a slight retracement to the green zone (193.60 - 193.70) to obtain a more optimal entry. The first profit target can be set at the minor resistance around 194.50, while the next target can be directed to around 194.80 - 195.00 if the price is able to penetrate the MA 200 validly.

GBP/JPY SIGNALS

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