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GBPJPY

GBP/JPY: Uncertainty and Bearish PressuresGBP/JPY has shown a volatile trend in recent sessions, with a combination of ups and downs highlighting a phase of uncertainty. The last closing on February 15, 2025, at 191.618 marks the beginning of a bearish trend after the doji on February 14. This movement reflects a complex dynamic, where macroeconomic and technical factors play a decisive role in price direction. The recent rebound was supported by positive UK GDP data, which helped the pound recover from bearish pressures over the past months. Notably, on February 12, a reversal of the bearish trend occurred, with GBP/JPY starting to regain ground due to an improvement in market sentiment. Additionally, the strengthening of US inflation negatively impacted the Japanese yen, pushing GBP/JPY up by 1.22% around February 12, driven by a weaker yen following the increased strength of the US dollar. However, despite these positive elements, the Bank of England’s monetary policy has introduced uncertainty, with a dovish stance fueling pressure on the pound. The interest rate cut has raised concerns about further depreciation, negatively affecting GBP/JPY. Added to this is the earlier decline in early February, triggered by disappointing UK economic data and expectations of further BoE interventions, which contributed to a widespread bearish sentiment. From a technical perspective, the price is currently in a consolidation phase between 187.610 and 193.120, with a structure suggesting a possible expansion of volatility in the coming weeks. The key resistance at 193.120 represents a critical obstacle for a potential continuation of the bullish trend, while support at 187.610 remains the main level to watch in case of renewed bearish pressure. A breakout above the 193.50 threshold could confirm further pound strengthening, while a break below 188.00 could reopen scenarios of weakness. With a combination of technical and macroeconomic factors in play, GBP/JPY’s trend remains subject to upcoming BoE decisions and the evolution of global economic conditions, making it crucial to monitor upcoming economic releases to determine the market’s direction.
Short
by EdgeTradingJourney
3
GBP/JPY - Triangle Breakout (Weekly Forecast Feb 24-28)The GBP/JPY Pair on the H4 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 185.04 2nd Support – 182.94 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Short
by KABHI_TA_TRADING
17
GBP/JPY 1-Hour Chart Analysis: Bearish Rejection at 200 EMA! 📊 GBP/JPY 1-Hour Chart Analysis 📉 1️⃣ Trend & Key Levels: 📌 Price is testing the 200 EMA (190.674), acting as resistance. 🔻 Recent price action shows a rejection at this level, suggesting bearish pressure. 2️⃣ Trade Setup (Possible Short Position) 💰: Entry: Around 190.354 - 190.674 📍 Stop-Loss: Above 190.972 🚫 Take-Profit Target: Around 188.685 ✅ 3️⃣ RSI Indicator (Momentum Check) 📉: 📊 RSI at 52.47 → Neutral, slightly bullish. 🔥 55.93 level shows price was overbought recently but is cooling down. ✅ Conclusion: 🔴 If price stays below 190.674, expect a drop toward 188.685. 🟢 If price breaks above 190.972, bullish momentum could continue.
Short
by MrStellanSight
GBPJPY oversold bounce rejectionThe GBPJPY price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 192.60. An oversold rally from the current levels and a bearish rejection from the 192.60 level could target the downside support at 189.60 followed by 188.90 followed by 188.27 and 187.12 levels over the longer timeframe. Alternatively, a confirmed breakout above 192.60 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 194.12 resistance followed by 194.70 levels. 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.
by TradeNation
Trading minute impulseOn the minute timeframe of GBPJPY at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Long
by syomking76418
(Japanese Yen) pair on a 3-hour timeframe. chart showing the analysis of a JPY (Japanese Yen) pair on a 3-hour timeframe. Multiple support and resistance zones are marked with red and blue horizontal lines. Key Observations: 1. Price Movement: The price is in a downtrend and is reacting at a strong support level (around 189.142). 2. Fibonacci & Zones: The chart seems to incorporate Fibonacci retracement or supply/demand zones for analysis. 3. Indicators & Analysis: No specific indicators are visible, but the analysis appears to be based on price action and market structure. 4. Potential Trade Setup: If the price bounces from this level, a reversal may occur. Otherwise, there’s a chance of further downside continuation.
by Blue_Pills
GBPJPY Will Explode! BUY! My dear followers, This is my opinion on the GBPJPY next move: The asset is approaching an important pivot point 190.70 Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 191.37 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Trading minute impulseOn the minute timeframe of GBPJPY at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Short
by syomking76418
GBP/JPY Triangle Pattern (14.2.25)The GBP/JPY Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 189.83 2nd Support – 188.42 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Short
by KABHI_TA_TRADING
16
GBPJPY H4 I Bullish Bounce Off the 61.8%?Based on the H4 chart analysis, we can see that the price is currently at our buy entry at 189.33, which is a pullback support that aligns with the 61.8% Fibonacci resistance. Our take profit will be at 190.69, which is a pullback resistance. The stop loss will be placed at 188.11, below the 78.6% Fibonacci retracement. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
4
GBP/JPY: Recent Bullish Move Fails to Break the 192.00 Level Since February 11, the British pound has gained more than 2.5% against the Japanese yen. However, the recent bullish momentum has struggled to break through the key resistance level, and now a new correction in favor of the yen appears to be underway. Central Bank Policies Remain Crucial The ongoing monetary policy divergence between the Bank of England (BoE) and the Bank of Japan (BoJ) is a crucial factor in this market scenario. On February 6, the Bank of England decided to keep its interest rate steady at 4.5%. However, it remains unclear whether the BoE will maintain this policy in future decisions. On the other hand, Japan's monetary stance has become increasingly aggressive. In January 2025, the Bank of Japan raised its interest rate to 0.5% , the highest level since 2008 and the BoJ has signaled a more aggressive tightening approach, aiming to strengthen the yen and make it more competitive against its peers. In the long run, Japan’s new aggressive policy stance has played a key role in the recent downward movements in GBP/JPY. Higher returns in a traditionally safe market like Japan attract greater demand for the yen, reducing the appeal of the pound. As long as Japan maintains this hawkish policy and uncertainty persists regarding the BoE’s future rate outlook, it is likely that yen demand will continue to grow, this could reinforce downward pressure on GBP/JPY. Consistent Downtrend: Since July 2024, the GBP/JPY pair has followed a sustained downtrend, which at some points has turned into a sideways movement between the 192.427 resistance level and the 187.328 support level. The current bearish bias has been strong enough to produce lower highs, keeping the price within a long-term downtrend in the short term. However, if the price moves back toward the 194.323 zone, where the 100-period and 50-period moving averages converge along with the downtrend line, it could signal a threat to the ongoing bearish trend. If buyers manage to push the price back to this level, it could be a important warning sign. ADX Indicator: The ADX line is oscillating near the neutral 20 level, indicating that the last 14 periods lack a strong directional trend. This can be explained by the recent bullish rebound, which failed to break through resistance. If the ADX remains at this level, the price may continue in a prolonged sideways trend over the next few trading sessions. RSI Indicator: A similar scenario is unfolding in the RSI, where the line is hovering around the neutral 50 level. This indicates that bullish and bearish impulses from the last 14 periods are in balance. This could reinforce a lack of clear direction for GBP/JPY in the 190.00 zone in the near term. Key Levels to Watch: 192.427 – Near-Term Resistance: This level represents the most significant neutral area in recent months and aligns with the 38.2% Fibonacci retracement level. If price reaches this level again, it may struggle to break through due to strong resistance at both 192.427 and 194.323, where several technical indicators converge. That said, a breakout above this entire zone could trigger a major bullish move in the long term. 187.328 – Key Support: This level marks the lows recorded since July 2024. A bearish breakout below this level could lead to new lows in the short term and reinforce the bearish bias established since December. 198.525 – Long-Term Resistance: This distant resistance level aligns with the 61.8% Fibonacci retracement. If price eventually rallies to this level, it would completely invalidate the ongoing downtrend in GBP/JPY. By Julian Pineda, CFA – Market Analyst
by FOREXcom
1
#GBPJPY 1DAYGBPJPY (4H Timeframe) Analysis Market Structure: The price is currently forming a symmetrical triangle pattern, indicating consolidation and decreasing volatility. This pattern suggests that the market is in indecision, and a breakout in either direction could lead to a strong move. Forecast: A breakout on either side will determine the next direction. Traders should wait for confirmation before entering a position. Key Levels to Watch: - Entry Zone: A buy position can be considered if the price breaks above the upper trendline, while a sell position can be considered if the price breaks below the lower trendline. - Risk Management: - Stop Loss: Placed beyond the breakout level to manage risk. - Take Profit: Target key support or resistance levels based on the breakout direction. Market Sentiment: The symmetrical triangle pattern suggests that momentum is building up, and a strong move is expected after a breakout. Waiting for a clear confirmation will help avoid false signals.
by PIPSFIGHTER
GBPJPY - LongGBPJPY Analysis - LONG 👆 In this Chart GBPJPY H4 Timeframe: By Nii_Billions. ❤️This Chart is for GBPJPY market analysis. ❤️Entry, SL, and Target is based off our Strategy. This chart analysis uses multiple timeframes to analyze the market and to help see the bigger picture on the charts. The strategy uses technical and fundamental factors, and market sentiment to predict a BULLISH trend in GBPJPY, with well-defined entry, stop loss, and take profit levels for risk management. 🟢This idea is purely for educational purposes.🟢 ❤️Please, support our work with like & comment!❤️
Long
by Nii_Billions
2
GBPJPY Will Go 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 significant resistance area 191.536. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 188.947 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPJPY Price ActionHello Traders, GBPJPY Update As you can see, I’ve marked the 50% retracement level of the recent high and low (green point). The first move didn’t respect this 50% zone, which is why the second move gained strength and turned the 50% level into a support area. Additionally, we can observe liquidity building up above this zone. If we see strong bullish momentum, we’ll look for a long opportunity. Always remember to manage your risk carefully. For precise entries, use lower timeframes like the 5M or 15M. Wishing you all the best and happy trading!
Long
by SuvashishFx