Get started

British Pound vs Japanese Yen

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

GBPJPY.P trade ideas

Trade explanation and more downside expectedHi traders, welcome to this trade breakdown. Its situation has played out and I traded with decent gains. I'm still in the position and I expect more downside coming however my TP is in the 50% of the CLS range. The goal of this post is to show you briefly my unique method of reading the market by understanding CLS. Let's put it all together 🧩 Follow me I will be posting more educational posts like this one and don't hesitate to ask with any questions in the comment. 📍HTF Level - Weekly breaker / FVG 📍Range created, 2nd candle manipulated to the HTF level and closed inside the range. 📍The third weekly candle retested the 50% of the wick there I entered at 199.148 - the candle closed inside the range which is another confirmation. 📍4th week opened and retested the range with manipulation above the Asia session. At this moment, I took partial profit and SL is on the break even. 📍 HTF view What is CLS? You may never hear about them. Just find out about them on Google or their website. This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are simply market maker. I hope this educational post helps you at least briefly understand my method. Dave FX Hunter
Education
by Dave-Hunter
9
GBPJPY: Day 3 breakout traders long!Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial Balance Wednesday DAY 3 (reset DAY 1) Mid Point Week Thursday DAY 2 ✅ Friday DAY 3 Closing Range 2. SIGNAL DAY First Red Day First Green Day 3 Days Long Breakout ✅ 3 Days Short Breakout Inside Day 3. WEEKLY TEMPLATE Pump&Dump Dump&Pump ✅ Frontside ✅ Backside 4. THESIS: Long: this is currently my main thesis at the moment, the market itself is still inside the previous weekly range, but in the new week is pumping higher making constantly higher highs and higher lows. Day 3 breakout traders long is a signal that depending on the template can explode in the direction of the trend or reversal. However, yesterday the market closed out of balance and today it can still keep going higher targeting the previous HOW, completing then 2 weeks of dump and pump template. Today, Asia placed a higher high into the yesterday HOD and is currently retesting the most recent low. FOMC and other news are in schedule for the day, but if the price will consolidated around the current level, I would be willing to take this long opportunity for 100+ pip. Short: at the moment I'm not interested in the short scenario, unless the market will pump back up into the closing price of yesterday, consolidating for a short trade opportunity which I will consider only a scalp, eventually back into the current LOD. Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni
by GianniPichichero
16
Lingrid | GBPJPY Potential Channel BREAKOUT. ShortThe price perfectly fulfilled my last idea. It reached target level. FX:GBPJPY is currently forming a triangle pattern and is testing the lower border of the upward channel. There is a potential for the price to break and close below this channel, which could indicate a shift in trend. On the daily timeframe, the formation of a double top pattern is notable, as this pattern often precedes a bearish move. Additionally, the price is showing lower highs, which indicates increasing selling pressure in the market. If these bearish signals continue to develop, it could lead to a significant downward move. My goal is support zone around 195.570 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
11
Buy GBP/JPY Triangle BreakoutThe GBP/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle 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 Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 197.44 Target Levels: 1st Resistance – 199.20 2nd Resistance – 200.20 Stop-Loss: To manage risk, place a stop-loss order below Support Zone. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_FOREX_TRADING
11
GBPJPY - Trend-Following Long!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPJPY has been overall bullish, trading within the rising channel in red. Currently, GBPJPY is in a correction phase, so the lower bound of the channel would act as support. Moreover, the green zone is a strong structure. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green structure and lower red trendline. 📚 As per my trading style: As #GBPJPY approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
2
GBP/JPY Approaching Key Channel Support: Potential for Downside **GBP/JPY Technical Outlook: Bearish Signs Building as Price Approaches Critical Channel Support and Triangle Pattern Tightens** The recent movement in GBP/JPY has played out precisely as anticipated, with the price reaching my previous target. As the pair now approaches a critical junction, it’s beginning to display several bearish technical patterns that could hint at an impending trend reversal. At this stage, GBP/JPY is forming a triangular consolidation within an upward channel, testing the strength of the channel's lower boundary. This pattern is particularly important, as a decisive break and close below the channel would signal that selling momentum may be taking over, potentially altering the broader trend. ### Triangle Pattern and Lower Channel Boundary The triangle pattern currently taking shape suggests that GBP/JPY is undergoing a phase of consolidation, a period in which buyers and sellers are in temporary balance. However, with the price hovering near the lower boundary of the channel, this balance may soon tip in favor of the sellers. A breakdown below this channel would be highly significant, potentially confirming a shift in the prevailing upward trend and opening the door to lower price levels. ### Daily Timeframe: Double Top and Lower Highs Zooming into the daily timeframe reveals even more compelling evidence of weakening bullish momentum. GBP/JPY has formed a notable double top pattern, a formation known for signaling bearish reversals. The double top suggests that the buying strength encountered substantial resistance near recent highs, leading to a rejection. This pattern often serves as a precursor to a bearish move, as it shows that the upward push is running out of steam. In addition to the double top, GBP/JPY is also forming a series of lower highs, which reflects an increase in selling pressure. This sequence of lower highs implies that buyers are struggling to maintain the price at elevated levels, allowing sellers to gradually take control. Such patterns often indicate that the market’s sentiment is shifting, with sellers gaining confidence while buyers lose momentum. ### Potential Bearish Continuation and Support Zone Target If GBP/JPY breaks down from the triangle pattern and exits the channel, the bearish momentum could accelerate significantly. The key support zone around 195.570 stands out as a potential target for this move. This level has historical significance, serving as a support in previous downtrends, and could act as a point of interest for buyers once again. However, if the selling pressure remains strong, GBP/JPY may even extend beyond this zone, leading to a deeper correction. ### Summary In summary, GBP/JPY is at a critical inflection point, with bearish patterns accumulating across multiple timeframes. The triangle pattern within the channel, coupled with the double top and lower highs on the daily chart, suggests that downside risks are mounting. A confirmed break below the lower channel boundary could trigger a strong bearish continuation, with the initial target around the 195.570 support zone. As the price approaches this crucial support, it will be essential to monitor for signs of renewed buying interest or potential further declines.
Short
by lonelyPlayer0
4
Dont Trade This #1 Mistake in The Opposite DirectionI am from talking to a brother of mine who seems so sad because he is not happy with his wife... I was trying to tell him that even though he is not in a happy marriage. One day things will reverse for the better to favour him as a man Reversals are part of life Look at his chart CAPITALCOM:GBPJPY It's a reversal and here is why... Trading this forex pair is going to be challenging but its worth the squeeze - One thing I have noticed is that based on candlestick patterns The price action looks like it coming from a bullish harami.. last week Then it hits an evening star at the resistance This evening star is the bear trap Which means it looks like the price will drop but this price won't drop It will keep going higher and higher also its following the rocket booster strategy. Which has 3 steps in order to learn this strategy check out the references below. Rocket boost this content to learn more. Disclaimer : Trading is risky you will lose money whether you like it or not. Please learn risk management and profit-taking strategies.
Long
by lubosi
3
GBPJPY long idea So looking to go long around 196.500 area, Caught some sells from the top trend line It’s been bouncing off it for a couple days now The bottom trend line is a daily one which it has respected a good few times now. So it’s looking like a falling wedge , which indicates it’s gonna go burst up and go long. I want it to take the weekly low from last week then it will be good time to go long just be patient 👌🏾 This isn’t a signal just my view on GJ and also using this for future references
Long
by TheRogueChef
3
GBPJPY Will Move Lower! 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 price is testing a key resistance 197.995. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 193.732 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
3
GBPJPYGBPJPY . Potential long opportunity. Yesterday we have called buys during Asian Session . We are now waiting on a clear break of our KL (Key Level) 198.360 for potential buys . We are still extremely bullish on GBPJPY . Our main target now is to break 199.800 which would confirm our continuation buys. BoJ (Bank of Japan) still can’t risk to raise their interest rates aggressively due to the downside risk on their stock market. KEY NOTES - GBPJPY has broken below our KL (Key Level) 198.360. - Targeting 199.800 break for continuation buys. - BoJ (Bank of Japan) still can’t risk to raise their interest rates aggressively due to the downside risk on their stock market. Happy trading! FxPocket
Long
by FxPocket
2
GBPJPY Massive Long! BUY! My dear friends, Please, find my technical outlook for GBPJPY below: The price is coiling around a solid key level - 197.38 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 198.07 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
3