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GBPJPY trade ideas

GBPUSD reaches resistance zone: Watching for potential reversalOANDA:GBPJPY has reached a pretty significant resistance level, that has been an obvious turning point in the past, with several strong reversals from the area. So naturally, I’m watching to see how price reacts here again. If we get confirmation of rejection (what I usually watch for: like a bearish engulfing candle, long upper wicks or signs of increased selling pressure), I’ll be looking for short setups from there. 🟥 My sell idea is based on the expectation that this resistance will hold. I would be targeting a move down toward the 192.000 level, which I feel is a realistic and clean target, especially if price respects this structure again. But if price breaks above and starts holding strong above the zone, then I’ll back off the bearish bias and reassess, and I’d consider the bearish idea invalidated, with potential for further upside 🚀 Just sharing how I see the chart right now, not financial advice 💕✨
Short
by TrendDiva
56
#GBPJPY: 600+ Pips Swing Move, JPY To Drop! GBPJPY has successfully rejected the area previously identified in our analysis of GJ. We had anticipated a price rejection and reversal with a strong bullish impulse, which has materialised. Following the positive candle close on Friday, we anticipate a continuation of the bullish trend and potential reaching of the 200 mark. When trading, it is crucial to prioritise risk management. Conduct your own analysis and utilise this information solely for educational purposes. Three potential targets have been identified: 198, 200, and 202. A stop loss can be positioned below our buying zone, as indicated by the black-marked zone. Your support, expressed through likes, comments, and shares, is greatly appreciated and encourages us to continue providing valuable content. ❤️🚀 Team Setupsfx_
Long
by Setupsfx_
20
GBPJPY At the Top? Massive Liquidity Grab📈 1. Price Action & Key Technical Levels (Daily Chart) Price reached a major supply zone between 196.0 and 197.0, showing clear rejection (weekly pin bar and a lower high structure relative to the previous peak). The long-term descending trendline acted as resistance again. A confirmed rising wedge pattern broke to the downside, with first target around 191.4, and extended target near 187.4 (key demand zone with historical confluence). Weekly RSI shows a bearish divergence vs price highs – an additional signal of bullish exhaustion. 📊 2. COT Data (as of June 3, 2025) GBP (British Pound) Net long positions increased by +30,371 contracts (Commercial + Non-Commercial). Non-Commercials: 103,672 long vs 68,457 short → net long +35,215 but the increase is relatively modest. Commercials are increasing both long and short positions, but the net delta supports medium-term GBP resilience. JPY (Japanese Yen) Net short worsened by -13,566 contracts. Non-Commercials are cutting longs and adding shorts → aggressive yen selling. Commercials remain heavily short (275,659 vs 100,151 long). ➡️ COT Conclusion: GBP remains structurally strong, but the JPY is now extremely oversold, increasing the likelihood of a technical correction in favor of JPY (GBPJPY pullback). 📉 3. Retail Sentiment 72% of retail traders are short GBPJPY, with an average entry at 191.2. Current price is above 195.8 → a liquidity sweep above retail shorts may have already occurred. The order book shows a heavy sell cluster between 195.0–195.9 → potential zone of manipulation/liquidation. ➡️ Contrarian view: After sweeping liquidity above retail highs, we may now see downside pressure to clean out breakout longs. 📅 4. Seasonality June tends to be neutral to bearish: 5-year average: +0.45% (weak gain) 10- and 15-year averages: -1.24% and -1.30% Historically, the first 10 days of June often mark a local top, followed by a decline – consistent with the current price structure. 🧠 5. Macro-Technical Confluence The broader setup points to a distribution phase between 195.5–196.5, with high probability of a technical pullback toward 193.5–191.4 in the short-to-medium term. The yen's oversold conditions may ease temporarily, supporting a corrective GBPJPY retracement. Break below 193.5 would confirm the move toward 191.4 and eventually 187.4 – an area of institutional interest. 🔍 Trade Setup Summary (Bias: Bearish) Technical context: Short setup confirmed by structure break, divergence, and supply rejection. Macro/sentiment context: Supports a corrective pullback on the pair. Strategy: Look for intraday weakness below 195.0–194.5 → targeting 193.5, then 191.4. Invalidation: Daily/weekly close above 197.0.
Short
by EdgeTradingJourney
6
Potential bullish rise?GBP/JPY has reacted off the pivot and could rise to the 145% Fibonacci resistance. Pivot: 194.43 1st Support: 193.80 1st Resistance: 195.61 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.
Long
by ICmarkets
2
GBPJPY - Monday's Action Could Spark Upside MoveThe GBP/JPY pair is currently positioned at a critical juncture around the 193.902 level, sitting near important support zones that have been highlighted on the chart. The currency pair has shown considerable volatility over the past month, with price action oscillating between well-defined support and resistance levels, creating a clear range-bound structure. As we approach Monday's trading session, the focus will be on whether the current support level can withstand any potential selling pressure. If this support zone holds firm and buyers step in to defend these levels, we could see a significant move to the upside, potentially targeting the upper resistance zone around the 196+ area that has previously capped rallies. The technical setup suggests that a successful defense of support could trigger renewed bullish momentum, making Monday's price action crucial for determining the pair's short-term directional bias and whether it can break out of its recent consolidation pattern. 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 financialflagship
7
GBPJPY Hello Traders, There is a potential Buy opportunity on the pair, and I’d like to share it with you. The setup provides an ideal buying condition, and I’ve configured the trade with a Risk-to-Reward Ratio of 1:2. According to my personal entry model — which includes three different rating levels (a-b-c) — this setup has received the highest rating, which increases the likelihood of a successful outcome based on historical performance. 🔍 Trade Details ✔️ Timeframe: 15-Minute ✔️ Risk-to-Reward Ratio: 1:2 ✔️ Trade Direction: Buy ✔️ Entry Price: 195.654 ✔️ Take Profit: 196.179 ✔️ Stop Loss: 195.391 🔔 Disclaimer: This is not financial advice. I’m simply sharing a trade I’ve taken based on my personal trading system, strictly for educational and illustrative purposes. 📌 Interested in a systematic, data-driven trading approach? 💡 Follow the page and turn on notifications to stay updated on future trade setups and advanced market insights.
Long
by Nurlan_PT
4
GBPJPY preps for the breakoutThe interesting storyline may be developing around Japanese Yen and its cross-pairs (especially against European currencies). GBPJPY, for example, is concentrating inside of a massive trading range, as volatility for this pair has dropped to a one-year low. Yields of 30-year bonds for Japan has been peaking to a historical high, but now they start to rebound. The net position of large speculators for Japanese Yen futures on COT-reports seem to point to the overleveraged situation, which might result to quick unloading of longs and Yen sliding down quickly, which may result in a shakeout of a volatility and rapid breakouts for GBPJPY and similar pairs. Don't forget - this is just the idea, always do your own research and never forget to manage your risk!
Long
by Stanislav_Bernukhov_Exness
2
GBPJPY – Golden Pocket Breakout SetupTimeframe: 1H | 🎯 Bias: Bullish Breakout GBPJPY is testing a key Fibonacci retracement zone (0.5–0.618) from the recent impulse leg (194.00 → 196.195). This golden pocket sits inside strong demand and could launch the next leg higher. 🔍 Technical Confluence Fib Support Zone: 195.270–195.447 (0.618–0.5) Price Action: Consolidating near golden pocket, showing rejection wicks Structure: Higher highs and higher lows intact RSI: Resetting around 45–50, leaving room for momentum buildup Next Resistance: 196.200 (previous high), then 197.300 and 198.500 🧠 Fundamental Confluence GBP Strength Drivers: BoE's "hawkish cut" tone — restrictive policy to fight sticky inflation UK macro improving: upcoming GDP & labor data could surprise to the upside Market pricing less aggressive easing compared to peers = GBP premium JPY Weakness Factors: COT RSI at 100% = overbought positioning BoJ delays normalization to 2027 Risk-on flows (VIX ~16.7) reducing safe-haven demand Macro Flows: Bullish NASDAQ + stable oil → support GBPJPY upside Macro Themes: Oil & NAS100 bullish = supports GBPJPY upside Market unwinding defensive positions = bullish for GBPJPY 🛠 Trade Plan 📥 Entry Option 1: Buy on bullish reaction from 195.27–195.45 (Fib golden pocket) 📥 Entry Option 2: Break and close above 196.200 (confirmation entry) 🛑 Stop Loss: Below 195.00 (under Fib + recent structure) 🎯 TP1: 196.80 🎯 TP2: 198.00 (measured move) 📌 “Golden pockets don’t lie when fundamentals align.”
Long
by wajahatarif
2
GBPJPY - Major Resistance Zone Threatens Further UpsideThe GBP/JPY 4-hour chart reveals the pair is approaching a critical resistance zone around the 196.00-196.50 level, marked by the upper boundary of the highlighted rectangular area, which represents a significant technical ceiling that has been tested multiple times over the past month. This resistance level coincides with previous swing highs and appears to be acting as a formidable barrier to further upside progress, suggesting that traders should exercise heightened caution as selling pressure is likely to intensify in this area. The pair's recent rally from the May lows around 190.50 has been impressive, but the multiple rejections from this upper resistance zone indicate that institutional sellers may be positioned to defend these levels aggressively. Given the historical significance of this resistance area and the potential for profit-taking after the substantial advance, market participants should be prepared for increased volatility and possible reversal signals as the pair approaches or tests this key technical barrier, making risk management particularly crucial at current levels. 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
2
GBPJPY Will Go Up! Buy! Take a look at our analysis for GBPJPY. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 194.411. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 196.230 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. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
GBPJPY Will Move Lower! Sell! Here is our detailed technical review for GBPJPY. Time Frame: 15h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 195.681. 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 193.757 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
GBPJPY 1H Analysis – Bullish Breakout from Ending Diagonal + AO Pair: GBP/JPY Timeframe: 1H Structure: Wave 5 Ending Diagonal + Bullish Divergence on AO Hi traders! Here’s an update on GBPJPY from the 1H chart. After a strong bearish move, price formed a falling wedge (ending diagonal) pattern, indicating exhaustion in the downtrend. This pattern completed with a final Wave 5 that showed significant weakness — and here’s the key signal: 🔍 Bullish Divergence Spotted While price made a new lower low (Wave 5), the Awesome Oscillator (AO) printed a higher low. This classic bullish divergence hints that bearish momentum is fading and a potential reversal is in play. 📈 Breakout Confirmation Price has now broken above the wedge and the 1.0 Fibonacci level (~193.67), confirming the breakout and early bullish momentum. We’re currently seeing price pushing up with strong momentum candles. 🎯 Potential Targets Based on Fibonacci Extensions: • 1.618 – 194.60 (first resistance / TP1) • 2.618 – 195.35 (TP2) • 4.236 – 196.45 (extended TP3 if trend continues) 🛑 Key Support: • 193.00 zone – ideally price should stay above this level to maintain bullish bias. 🧠 Summary: • Falling wedge (ending diagonal) completed as Wave 5 • AO bullish divergence signals weakening sell pressure • Breakout confirmed above 193.70 • Watching for continuation toward 194.60 and 195.30+ 📌 I’ll be watching for a potential pullback above 193.70 for a high-probability reentry opportunity. Always manage your risk and trade what you see. Let me know your thoughts in the comments below! 📥 #GBPJPY #ForexAnalysis #PriceAction #ElliottWave #AO #Breakout #Fibonacci #TechnicalAnalysis #Wave5
Long
by AwesomeOscDad
1