GBPJPY
My Directional Bias on GBPJPY for the long run {29/03/2025}Educational Analysis says that GBPJPY may give countertrend opportunities from this range, according to my technical analysis.
Broker - FXCM
So, my analysis is based on a top-down approach from weekly to trend range to internal trend range.
So my analysis comprises of two structures: 1) Break of structure on weekly range and 2) External pushback to fill the remaining fair value gap
1) Break of structure on weekly range is down trend for the long run period of 10 years, may be it switch to new character or change its direction to bullish.
2) External pushback structure is the trading range where it trades on the smaller time frame,
On this structure range market on inside trading or smaller time frame is bullish towards fib of 1.618 and make turn to fill the fair value gaps of it.
Let's see what this pair brings to the table for us in the future.
Please check the comment section to see how this turned out.
DISCLAIMER:-
This is not an entry signal. THIS IS ONLY EDUCATIONAL PURPOSE ANALYSIS.
I have no concerns with your profit and loss from this analysis.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
GBPJPY | APRIL 2025 FORECAST| Will GJ fly to the SKY?GBP/JPY has been riding strong volatility, reacting to both BOE and BOJ policy shifts. As we head into the new month, the pair is testing a critical resistance zone near , with momentum signaling a potential breakout or rejection.
🔹 Trend Analysis: The pair remains in a strong , with price respecting the as dynamic support/resistance.
🔹 Key Levels: Resistance at , support at . A break above could open the door to .
🔹 Technical Outlook: RSI divergence hints at possible exhaustion, while Fibonacci retracements suggest key reaction zones around .
Will GBP/JPY continue its bullish momentum, or are we looking at a deeper correction? Share your insights below! 📉📈 #GBPJPY #ForexForecast #MarketAnalysis
GBPJPY GJ looks bullish
194.764 is a major zone looking at the 1w, 1d, 4h, and the 1h. If GJ currently find support. We possibly going to experience the bullish power, as the trend is changing.
Another bullish confirmations will be:
- moving average forming dynamic support on 4h
- bullish candlestick formation in the 4h
- bullish continuation pattern on the 1h
- lower time frame (15m and 5m) for entry
Buying tp zone is 198.00
Why GBPJPY IS BULLISH ?? DETAILED TECHNICAL AND FUNDAMENTALS GBPJPY is currently trading at approximately 195.000, having achieved a substantial gain of over 300 pips. Technical analysis suggests that the pair is poised for further upward movement, with a target price of 199.000, indicating the potential for an additional 400 pips gain. This bullish momentum is supported by the pair's recent breakout from a consolidation phase, signaling strong buying interest.
Fundamentally, the British pound has demonstrated resilience, bolstered by stable economic indicators and a proactive monetary policy stance from the Bank of England. Conversely, the Japanese yen has experienced depreciation, influenced by the Bank of Japan's commitment to maintaining ultra-loose monetary policies. This divergence in central bank policies has widened the interest rate differential between the two currencies, favoring a stronger pound against the yen.
Technical indicators further reinforce the bullish outlook for GBP/JPY. The pair has been trading above key moving averages, with oscillators indicating strong upward momentum. The recent breakout above the 193.000 resistance level has opened the path toward the 199.000 target. Additionally, the Relative Strength Index (RSI) remains in bullish territory, suggesting that the current uptrend has room to continue
Traders should monitor key resistance levels closely, as a sustained move above 195.000 could confirm the continuation of the bullish trend toward 199.000. Implementing robust risk management strategies, such as setting appropriate stop-loss orders, is essential to navigate potential market volatility. Staying informed about upcoming economic data releases and central bank communications will also be crucial in effectively capitalizing on this trading opportunity.
GBPJPY Technical AnalysisFenzoFx—GBP/JPY reached a higher high above the 195.0 resistance but has pulled back from 196.0, currently trading near 194.7 and the 50-period moving average on the 2-hour chart.
The bullish outlook holds as long as the price stays above the 193.5 support, with the next target around 200.0. However, a break below the ascending trendline and 193.5 support could signal a bearish wave toward 192.0.
Bullish bounce off pullback support?GBP/JPY is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 194.75
1st Support: 193,51
1st Resistance: 197.49
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GBP_JPY WILL KEEP GROWING|LONG|
✅GBP_JPY is trading in a
Strong uptrend and the pair
Made a bullish breakout
Of the key horizontal level
Of 195.000 and the breakout
Is confirmed so we are bullish
Biased and we will be expecting
A further bullish move up
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Bullish momentum to extend?GBP/JPY is falling towards the support level which is a pullback support and could bounce from this level to our take profit.
Entry: 193.69
Why we like it:
There is a pullback support level.
Stop loss: 193.46
Why we like it:
There is an overlap support level.
Take profit: 197.49
Why we like it:
There is a pullback resistance that lines up with the 61.8% Fibonacci projection.
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GBPJPY INTRADAY bullish breakout supported at 193.24The GBP/JPY currency pair shows a bullish sentiment, reinforced by the prevailing uptrend. Recent intraday price action appears to be a bullish breakout above previous resistance zone.
Bullish Scenario:
The key trading level to watch is 193.24, which represents the previous consolidation range. A successful bullish bounce from this level could target the 195.00 resistance, with potential continuation toward 196.20 and 197.45 over the longer timeframe.
Bearish Scenario:
However, a decisive break below 193.24 with a daily close below this level would invalidate the bullish outlook. This would signal a potential shift to a bearish trend, with downside targets at 192.00 and, subsequently, 191.60.
Conclusion:
The bullish sentiment remains intact as long as 193.24 holds as support. Traders should look for bullish confirmation at this level to sustain upward momentum. A break below 193.24 would indicate a deeper retracement and potential trend reversal.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
GBPJPY - Short Term Sell Idea Update!!!Hi Traders, on March 26th I shared this idea "GBPJPY - Expecting Bearish Continuation In The Short Term"
We expected to see retraces and further continuation lower. You can read the full post using the link above.
Retrace and push lower happened until it was blocked by a bullish divergence.
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GBPJPY Is Going Up! Buy!
Here is our detailed technical review for GBPJPY.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 194.512.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 196.392 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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GBP/JPY: Fibonacci Levels Signal Possible Bullish ContinuationTechnical Analysis: GBP/JPY Bullish Continuation 📈
The GBP/JPY chart provided highlights a bullish trend continuation setup, supported by Fibonacci retracement levels. Here's a detailed breakdown:
📊 Fibonacci Levels in Play
The swing low to swing high has been plotted, revealing key retracement levels.
The price is currently near the 50% retracement level (194.326), a critical support zone in bullish trends.
The 61.8% retracement level (194.165), often called the "golden ratio," serves as a stronger support below this.
📈 Bullish Bias
The overall trend remains bullish, with higher highs and higher lows visible on the chart.
The corrective pullback to Fibonacci levels suggests a potential continuation of the upward momentum.
🎯 Target Projection
The arrow on the chart points to a projected move toward the 195.683 level, aligning with the -50% Fibonacci extension.
This target aligns with the bullish trend and indicates a potential breakout above the recent high.
🔍 Confluence and Confirmation
The price action shows signs of rejection at the 50% retracement level, indicating buyer interest.
A bullish candlestick pattern or increased volume near this zone would further confirm the upward move.
⚠️ Risk Management
The 61.8% level (194.165) is a key invalidation point. A break below this level could signal a deeper retracement toward the 78.6% level (193.937) or even the swing low.
This analysis is for informational purposes only and does not constitute financial advice. Trading involves significant risk, and you should only trade with capital you can afford to lose. Always conduct your own research and consult with a financial advisor before making trading decisions.
GBP/JPY – Breakout Incoming Hi Traders !, The price is forming an ascending triangle on the H1 chart. Watching for a breakout:
✅ Bullish if it breaks 194.92 with a pullback → Target 198.94.
❌ Bearish if it drops below 193.55 with confirmation → Target 187.35.
Waiting for volume validation , What do you think?
Disclaimer: This is not financial advice. Always do your own research and trade responsibly.
GBPJPY - Expecting Bearish Continuation In The Short TermM15 - Double uptrend line breakout
Lower Lows
Strong bearish momentum
Potential drop after retraces if the strong resistance zone will not be broken.
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GBPJPY has drawn the "Line in the Sand!"Intraday Update: With the weaker CPI, the GBPJPY slipped from resistance and the budget statement will be out a little later in the session. The GBPJPY has forged key resistance at the 195.00 level as noted all week. While below the risk is for a move back to the 192.00 level now.
GBPJPY | 26.03.2025SELL 194.900 | STOP 195.600 | TAKE 193.700 | We expect volatile movements in the instrument against the background of the data published today. The price is likely to consolidate firmly below the 194,000 level, followed by the formation of a medium-term downward movement towards the targets of 192.700-192.000.