GBPJPY: From Oversold Bounce to Potential DowntrendFenzoFx—The GBP/JPY currency pair bounced from 184.42 due to RSI 14 being oversold. As of now, it trades near 187.7, having erased 1.0% of recent gains.
The trend remains bearish with prices below the 50-period simple moving average and the 50.0% Fibonacci resistance level at 190.2. Support is at 187.0, and a drop below this could target 184.42.
The Bullish Scenario
However, if GBP/JPY surpasses 190.2, bullish momentum may extend to 192.0.
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GBPJPY.100.CSM trade ideas
GBPJPY Trading Opportunity! BUY!
My dear friends,
Please, find my technical outlook for GBPJPY below:
The price is coiling around a solid key level - 188.12
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 190.71
Safe Stop Loss - 186.87
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
Short trade
Trade Breakdown – Sell-Side (GBP/JPY)
📅 Date: Thursday, April 10, 2025
⏰ Time: 5:45 AM (London Session AM)
📉 Pair: GBP/JPY
📉 Trade Direction: Short (Sell)
Trade Parameters:
Entry Price: 188.632
Take Profit (TP): 187.731 (-0.48%)
Stop Loss (SL): 188.883 (+0.13%)
Risk-Reward Ratio (RR): 3.59
Strategy PD Array, Supply Zone Rejection
🎯 Target Detail: 0.328 (PD Array) →
Referencing a draw on the liquidity/displacement level
within a Price Delivery Array.
USDJPY and GBPJPY Analysis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY 4hrI expect and hope that it will move bullish and make a strong move until it reaches the zone between 197.654 - 201.789. At that point, the market will decide the structure—whether it will continue its bullish trend or reverse into a bearish move, which could then take it down to the zone between 178.254 - 175.354.
GBPJPY forms three drives pattern, good to buy on dips
Pattern formed- Three drives pattern (Bullish)
The GBP/JPY was one of the worst performers this week on board -based yen buying. It hit a low of 185.57 at the time of writing and is currently trading around 186.27. Intraday trend is bullish as long as support 185 holds.
The GBP/JPY pair is trading below 34 and 55 EMA (Short-term) and 200 EMA (long-term on the 4-hour chart, confirming a bearish trend. Immediate resistance is at 186.75, a breach above this level targets of 187.15/187.88/189/189.50/190/191/191.75/192.30/193. Downside support is at 185.50 with additional levels a 183/180.
Market Indicators
CCI (50)- Bearish
Directional movement index - Bearish
Trading Strategy: Buy on dips
It Is good to buy on dips around 186 with SL around 185 for a TP of 190.
POTENTIAL LONGS ON GBP/JPYGBP/JPY 1D - Now price has traded into a large area of Demand I am expecting a reversal in this market, as we know this market is predominantly bullish anyway with the JPY being quite a weak currency compared to the GBP.
I want to see price break structure to the upside more fractally, giving us the confluence to suggest that enough Demand has been introduced to see price trade higher, once we have that we can begin looking for longs.
Following the prevailing trend we have majority traders on our back to help drive price higher. A break will give us the confluence needed so once we have that we just need to wait for price to pullback.
Price pulling back gives us the means to get involved in this market with a refined entry. allowing us to have greater risk to reward returns on our trades.