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GBPJPY trade ideas

GBPJPY Bullish Breakout – Watch for Momentum Towards 194.60GBPJPY has broken out of a descending wedge and is now retesting the breakout zone near 189.50–189.80. This area aligns with previous structure support and the wedge's upper boundary. Price action indicates bullish momentum is resuming. 🔑 Key Levels: Current Price: 189.66 Breakout Level: ~189.50 Resistance Targets: TP1: 190.55 (recent resistance high) TP2: 192.57 TP3: 194.61 (key supply/weekly resistance zone) ✅ Bullish Confluence: Breakout from falling wedge pattern Strong retest of breakout zone with consolidation Higher low formation and bullish engulfing attempt No major resistance until 190.50, providing clean upside 🧠 Fundamental Context: CBI Report (UK): Sentiment and investment outlook among UK manufacturers is deteriorating, but the pound has shown resilience likely driven by broader risk-on market sentiment. BOJ Outlook (Japan): IMF suggests BOJ is likely to delay further rate hikes due to global uncertainty from US tariffs, maintaining a dovish bias. This weakens the yen’s fundamental strength. Market Mood: With Japan facing delayed policy tightening and UK's inflation still above target, GBPJPY favors the bullish case in the short term. 💡 Trade Idea: Bias: Bullish above 189.30 Entry: On retest confirmation around 189.50 Target 1: 190.55 Target 2: 192.57 Target 3: 194.61 Stop Loss: Below 188.80 📌 Note: Keep an eye on US data and BOJ tone shifts. Any risk-off shift in global markets could affect yen strength unexpectedly.
Long
by ultreosforex
17
#GBPJPY: +916 Pips Swing Buy Opportunity! Comment Down Your ViewThe FX:GBPJPY price has moved nicely from 187 to 191, almost +400 pips. I expect a small correction, but then the bullish move should continue towards the 200 region. You can set a target based on your analysis or set it at 200, whichever works for you. Good luck and trade safely. Good luck and trade safely! Thank you for your unwavering support! 😊 If you’d like to contribute, here are a few ways you can help us: - Like our ideas - Comment on our ideas - Share our ideas Team Setupsfx_ ❤️🚀
Long
by Setupsfx_
10
GBPJPY Completed a Bullish Triangle PatternGBPJPY Completed a Bullish Triangle Pattern A breakout from this triangle pattern signals strong bullish movement. The expected price movement suggests two key targets—190.55 ; 191.30 and 193.20 Given the current price at 189.65, the upward projection implies bullish sentiment and increasing buying pressure. The only enemy of this clear bullish setup is BOJ. Seen only from a technical point of view, GBPJPY has a great setup. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your 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.
Long
by KlejdiCuni
7
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 🎁 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.
Long
by KABHI_TA_TRADING
8
GBPJPY NEXT WEEK BULLISH OR BEARISH ??GBPJPY is setting up for a major breakout on the weekly timeframe. After weeks of consolidation under a clear descending trendline, price action is now approaching a decisive point where a bullish breakout could trigger a strong rally. With the current price holding firm at 191.00 and clear resistance overhead, a successful breakout could open the doors for a powerful bullish wave targeting 205.000 and beyond. Fundamentally, the yen remains weak due to continued Bank of Japan dovishness and ongoing yield curve control policies. Meanwhile, the British pound is finding strength as the Bank of England maintains a relatively hawkish stance with the possibility of delaying rate cuts compared to other major central banks. This fundamental divergence between GBP and JPY heavily favors bullish momentum for GBPJPY. Technically, the pair has formed a solid base of support and is squeezing toward the apex of a descending triangle. If the breakout confirms with strong bullish volume, GBPJPY could enter a fresh bullish cycle, offering a great risk-reward setup for medium to long-term traders aiming for the 205.000 area. Overall, GBPJPY remains one of the hottest pairs on watch right now with excellent bullish potential. Traders should watch for a clean breakout above the trendline with strong candlestick confirmation to ride the wave higher. Staying patient and disciplined around this breakout zone could deliver highly profitable results.
Long
by AndrewsMarket-Mastery
3
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.
Long
by Mihai_Iacob
3
GBPJPYCurrent Structure (GBP/JPY 30min): 4H Supply Zone at 191.600–191.760 → Price already rejected from there. Minor 1H Demand Zone at current price (~191.167) → price is consolidating around it. 4H Demand Zone at 190.132–190.054 → your lower target zone. EMA Setup: 9 EMA and 50 EMA are starting to "squeeze," signaling a possible break soon. Entry: Watch for a clean break and retest below 191.150 (and minor demand zone break). Stop Loss (SL): Above the minor structure highs, around 191.400. Take Profit (TP): First TP at 190.400 (partial close). Final TP at 190.132–190.054 (your 4H demand zone and daily support).
Short
by Dailypaperfx888
1
GBPJPY is coming out of consolidation... With the decline of the dollar, the Japanese yen is gaining momentum and strengthening. GBPJPY currency pair is under pressure from sellers. The price is coming out of the triangle down, the continuation of the main downward movement is possible when the support at 188.23 is broken. Scenario: Consolidation below the triangle support and subsequent break of 188.234 support may attract new sellers, which may cause a fall to 187.46 - 186.59.
Short
by AndeWave
9
GBPJPY SHORT TERM SELL around 192.964GBPJPY is currently in an overall long trend, but remains highly volatile. My Point of Interest (POI) is 192.964, based on the following: 1. It aligns with a daily short-term POI as of today. 2. It represents the 80% retracement level of the weekly range, which falls within the daily POI zone. Given this, I’ll be looking to enter a short term sell position around 192.964, with my stop loss set just above the daily high and my first take profit (TP) target around the 191.500 level.
Short
by Wangari_Tabz
1
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. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by financialflagship
GBPJPY – Correction Could Offer a Good EntryA few days ago, I mentioned that GBPJPY could rise and test the 195.00 handle – and that idea still stands. After pushing up to 191.75, the pair began to correct, which might be just what we needed: a chance to enter a long trade at better levels. Is this correction a healthy pullback before resumption of the up move? For now, it looks like a typical retracement within an uptrend (bullish flag). The 190.00 zone, highlighted on the chart, is the ideal spot for long setups. Why 190.00 is key: - Strong horizontal support. - Great risk-reward potential, with over 1:2 R:R possible. - Price remains in bullish structure above 188.00. Trading Plan: Look for bullish confirmation around 190.00 – this zone could provide an excellent buying opportunity. However, a break below 188.00 would invalidate the setup and call for caution. Until then, buying the dip remains the plan. Let the correction finish, and be ready to ride the next wave higher. 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.
Long
by Mihai_Iacob
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
by ew-forecast
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 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1