GBP/JPY Bullish Flag (29.04.2025)The GBP/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 192.18
2nd Resistance – 192.70
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GBPJPY
CADCHF BULLISH OR BEARISH DETAILED ANALYSISCADCHF is currently trading around 0.59 and is showing a strong bullish wave setup on the 8H chart. Price has bounced cleanly from a key demand zone, with a visible bullish engulfing structure, suggesting buyers are stepping in aggressively. My target for this setup is 0.61, aligning with a previous major resistance level seen on the chart.
Fundamentally, CAD is supported by firm oil prices and hawkish sentiment from the Bank of Canada, while CHF has been under mild pressure due to reduced demand for safe-haven assets amid improving global sentiment. This macro backdrop favors CAD strength in the near term, adding fuel to the bullish technicals.
If the current momentum sustains, we could see a smooth continuation toward 0.61, with a favorable risk-reward ratio. As always, trade management and patience are key, especially as the pair approaches resistance. I remain bullish on CADCHF in the short term, based on both structure and fundamentals.
Bearish drop off pullback resistance?GBP/JPY has reacted off the pivot and could drop to the 38.2% Fibonacci support.
Pivot: 191.76
1st Support: 189.40
1st Resistance: 193.84
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GBPJPY Buy Long , M 15 UnMitigated Demand with Liquidity# GBPJPY Market is verry bullesh In M15 structure is bullesh first *BOS* then *BOS* first BOS is un mitigated with proper Trendline Liquidity so we can BUY LONG with just few pips SL with Best pips of Profit
# GBPJPY : FXCM - M 15 UnMitigated Demand with Liquidity
GBPUSD BULLISH OR BEARISH DETAILED ANALYSIS ??GBPUSD is looking extremely bullish on the daily timeframe, showing strong signs of continuation after a healthy pullback. Currently trading around 1.33000, the pair has respected key Fibonacci levels and is now building momentum to target 1.37000. The structure remains intact with higher highs and higher lows, indicating strong buyer control and potential for further upside movement.
From a fundamental perspective, the British pound continues to outperform as the Bank of England maintains a relatively hawkish tone amid sticky inflation pressures, while the US dollar shows signs of weakening with softer economic data and growing expectations of Fed rate cuts later this year. This divergence between the monetary policies is creating a favorable environment for GBPUSD buyers to dominate.
Technical analysis also supports the bullish bias as price action remains well above the 0.786 Fibonacci retracement level, holding strong support near 1.31650. If price maintains above this zone and breaks past minor resistance near 1.33500, it could ignite a fresh bullish rally toward the psychological level of 1.37000, offering excellent risk-reward opportunities for trend-following traders.
Overall, GBPUSD is positioned perfectly for a strong bullish wave. Traders should stay focused on potential breakout confirmations and capitalize on the momentum, as current market conditions and fundamentals are aligned with a profitable bullish move. This setup remains one of the most attractive trending opportunities on the board right now.
GBPJPY LONG FORECAST Q2 W18 D28 Y25GBPJPY LONG FORECAST Q2 W18 D28 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Weekly 50 EMA
✅Daily 50 EMA
✅Intraday 15' order blocks
✅Tokyo ranges to be filled
✅Intraday 15' order block trading levels
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
GBPJPY SHORT FORECAST Q2 W18 D28 Y25GBPJPY SHORT FORECAST Q2 W18 D28 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Weekly 50 EMA
✅Daily 50 EMA
✅Intraday 15' order blocks
✅Tokyo ranges to be filled
✅Intraday 15' order block trading levels
✅
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
GBPJPY Reclaims 190 – Ready for 195?After breaking below the 188.00 support zone and testing 184.50 support, GBPJPY quickly reversed, signaling strong buying interest and a classic false breakdown.
Last week, the pair also reclaimed the key 190.00 level – an important technical and psychological area – showing clear strength and readiness for a potential continuation higher.
The key question now: Is GBPJPY ready to launch towards new highs?
Here’s why I stay bullish:
- Strong rejection at 184.50 confirms buyer dominance.
- Recovery above 190.00 is a major bullish signal.
- Market structure now favors buying dips
T rading Plan:
I’m looking to buy dips, staying bullish as long as 187.00 remains intact.
🎯 Targeting a move towards 195.00.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Heading into pullback resistance?GBP/JPY is rising towards the resistance level which is a pullback resistance that lines up with the 71% Fibonacci retracement and the 161.8% Fibonacci extension and could reverse from this level to our take profit.
Entry: 192.34
Why we like it:
There is a pullback resistance that lines up with the 161.8% Fibonacci extension and the 71% Fibonacci retracement.
Stop loss: 194.82
Why we like it:
There is a pullback resistance.
Take profit: 189.96
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement.
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GBPJPY - Retest of the top, sell opportunity?The GBP/JPY chart shows an intriguing setup as price has recently rebounded from its early April lows near 184.00 to approach the 191.50 level, which now represents a significant local high. If we see another break of this level followed by rejection, the pair could be forming a classic double top pattern at the highlighted resistance zone between 191.50-192.00. This technical formation would be particularly noteworthy given that this resistance area previously served as support in late March before the sharp April selloff. The red zigzag line on the chart suggests a potential path where price might make one more push up before reversing lower. Traders should watch for bearish price action confirmation at this resistance zone—such as rejection candles, bearish engulfing patterns, or momentum divergence—which would strengthen the case for a short position with a reasonable stop above the double top formation and targets potentially toward the lower support zone around 187.00.
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GBP-JPY Potential Short! Sell!
Hello,Traders!
GBP-JPY keeps growing
From the lows just as we
Expected but the pair will
Soon hit a horizontal resistance
Of 192.500 and from there
A local bearish pullback
It likely to follow
Sell!
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EURUSD BULLISH OR BEARISH DETAILED ANALYSISEURUSD is currently in a critical retesting phase after a strong bullish breakout. Price action is finding solid support around the 1.1200–1.1300 zone, an area that has previously acted as major resistance. As long as this zone holds, I expect a healthy bullish bounce that could fuel a continuation toward the 1.1800 level. Market structure remains bullish, and this pullback seems more like a technical correction before the next rally.
Fundamentally, the euro is being supported by a weaker US dollar sentiment due to growing expectations of Federal Reserve rate cuts later this year. At the same time, improving Eurozone data and stabilizing inflation pressures are adding positive momentum to the EURUSD pair. If the US GDP numbers and inflation figures continue to disappoint, we could see further downside pressure on the dollar, pushing EURUSD higher.
Technically, the weekly chart shows a clean breakout from a long-term consolidation, and now the price is retesting the broken resistance as new support. The structure aligns perfectly with a bullish continuation setup. A strong bullish candle from this zone would be a major confirmation for buyers to target 1.1800 in the coming weeks.
In my view, EURUSD remains one of the strongest setups on the forex board, supported by both technical and fundamental factors. Traders should monitor key economic releases like US PCE data and Eurozone CPI, as they will drive volatility and direction. I stay bullish above the 1.1200 level and see excellent risk-reward potential in this trade idea.
JPY ( YEN )BASKET FORECAST Q2 W18 Y25JPY ( YEN )BASKET FORECAST Q2 W18 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
✅The JPY Basket trackS the overall strength of the JPY against a weighted average of other currencies.
✅It can be used as an indicator of YEN strength which can be a tool for analysing and potentially hedging for or against the Index.
✅ Pairs to watch - GBPJPY, USDJPY EURJPY, CADJPY, AUDJPY
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
GBP_JPY BEARISH BIAS|SHORT|
✅GBP_JPY has been growing recently
And the pair seems locally overbought
So as the pair is approaching a horizontal resistance of
Price decline is to be expected
SHORT🔥
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GBP/JPY TRADE ALERT!
GBP/JPY TRADE ALERT!
Potential Trend Reversal Ahead!
Current External Trend: BULLISH
Do you agree with our Daily Time Frame Forecast?
Market has given a CIDS (Candlestick Inside Day Setup), we'll enter after retesting CIDS.
Get ready to trade!
Potential Trend Reversal Ahead!
Current External Trend: BULLISH
Do you agree with our Daily Time Frame Forecast?
Market has given a CIDS (Candlestick Inside Day Setup), we'll enter after retesting CIDS.
Get ready to trade!
GBPJPY Trapped In A Triangle RangeGBPJPY made a very strong reversal in the second half of 2024, following a sharp drop of more than 10%, with an aggressive bearish impulse and also broke the lower trendline of the impulsive channel back in August. Since then, the first recovery unfolded in three waves, suggesting this move could be part of a complex correction—currently still unfolding as a wave B pause.
Ideally, this structure is forming a triangle, especially as the drop back to the recent April lows also looks corrective. So, I believe the triangle scenario is the most likely scenario here, and price could now be heading toward the upper side of the range if risk-on sentiment continues. Still, upside may be limited, as this range could stay in play until all A-B-C-D-E legs are completed. If correct, wave C for a deeper move lower is still missing and could develop later this year.
Grega
GBPJPY Potential longsFX:GBPJPY
After a week of bearish movement, the price has finally broke and closed above last week's high. This pair may give opportunity for some short-term bullish momentum towards the upside. On yesterday's PMI news, price broke above the fib zone and came back retesting, before continuing its second expansion upwards. Price has previously broke above the 4H swap zone but quickly came back to the 1H support zone at 188.24 and retested twice without breaching the support zone. This gives us extra confluence for entering longs.
For swing trading, we can take buys from the second half of the swap zone to the end of the 0.79 fib zone. The reason why we could also enter buys off the 4H swap zone is because price has already retested once on the fib zone, and the swap zone remains as a very strong support. As for intraday and scalping, I’d prefer to wait for short timeframe confirmations and enter with a smaller stop loss for more precise entry. We can target the buys towards 4H resistance zone at 191.180.
Trade safely 😃
GBP/JPY Hourly Analysis & Scalping Perspective 10:30pm 4/24Looking at the GBP/JPY 1-hour chart, I see price currently hovering around 190.164, showing mild bullish momentum but still respecting key resistance levels. Here’s my breakdown:
Market Structure & Key Zones:
Price has been bouncing between 190.00 and 190.40, suggesting a short-term consolidation phase.
190.30-190.40 is acting as a liquidity zone—if buyers can push through this level, we could see upside toward 190.60-190.75.
On the flip side, 190.00 remains a psychological support level, and a break below it could lead to a sweep toward 189.70-189.50, where previous demand has existed.
Momentum Indicators:
RSI (1-hour): 45.09 → Momentum is neutral, meaning price isn’t aggressively overbought or oversold.
CCI (1-hour): 81.05 → Mild bullish strength, but nothing parabolic yet.
Stochastic RSI (1-hour): 100.0 → This is overbought, which signals a possible pullback before further upside.
Directional Strength:
ADX (1-hour): 13.28 → Weak trend strength, confirming the possibility of range-bound movement.
DX (1-hour): 3.67 → Not an explosive directional move yet, meaning a breakout needs confirmation.
Scalping Plan:
Bullish Play: If price breaks 190.40, my next upside targets are 190.60-190.75.
Bearish Play: A rejection from 190.30-190.40 could drive price back toward 190.00 or lower.
Liquidity Grab Scenario: If price sweeps below 190.00, institutional absorption might trigger a strong reversal, making 189.70-189.50 a potential buying zone.
At this point, I’m watching price action closely—especially around 190.30—for signs of buyer exhaustion or a sudden momentum shift. Would I enter a trade right now? Not just yet. I’d want further confirmation, possibly volume profile analysis, to see if institutions are positioned for continuation or a reversal.
GBPJPY INTRADAY rising wedge capped at 190.96The GBPJPY pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 190,96 which represents the current intraday swing high.
In the short term, an oversold rally from current levels, followed by a bearish rejection at the 190.96 resistance, could lead to a downside move targeting support at 184.78 with further potential declines to 182.70 and 177.80 over a longer timeframe.
On the other hand, a confirmed breakout above the 190.96 resistance level and a daily close above that mark would invalidate the bearish outlook. This scenario could pave the way for a continuation of the rally, aiming to retest the 192.65 resistance, with a potential extension to 194.33 levels.
Conclusion:
Currently, the GBPJPY sentiment remains bearish, with the 190.96 level acting as a pivotal resistance. Traders should watch for either a bearish rejection at this level or a breakout and daily close above it to determine the next directional move. Caution is advised until the price action confirms a clear break or rejection.
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If you are trading JPY, keep an eye on the Tokyo CPIs tomorrowTomorrow, the 25th of April, we are getting the Tokyo CPI figures, which are expected to come out on the higher side. That said, we are looking at the core YoY number, which has a relatively high forecast.
Let's dig in.
FX_IDC:AUDJPY
FX_IDC:USDJPY
FX_IDC:EURJPY
FX_IDC:GBPJPY
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