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British Pound / Japanese Yen

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GBPJPY trade ideas

GJ - BUYBias: Bullish Market Structure Analysis: The GBP/JPY pair shows a strong bullish trend across all timeframes. On the 4-hour chart, price has established a series of higher lows and higher highs since late February. The recent price action shows a decisive breakout above the 194.00 resistance level, which is now likely to act as support. The 1-hour and 15-minute charts confirm this bullish momentum with price holding above key moving averages. Setup: A pullback entry after the recent breakout offers a favorable risk-reward ratio. The 194.00 level should now act as support following the breakout, creating an opportunity for a continuation trade. Entry: 194.10 (Limit Order) Place a limit order slightly above the previous resistance (now support) at 194.00, anticipating a minor pullback before continuation. Stop Loss: 193.75 Placing the stop below the recent support zone keeps risk contained within 35 pips. Take Profit (TP1): 194.80 First target at the recent high, offering a solid risk-reward ratio of approximately 2:1. Extended Take Profit (TP2): 195.50 Secondary target at the psychological level of 195.50, which would represent a continuation of the bullish trend. Order Type: Limit Order Wait for a pullback to 194.10 for entry rather than chasing the current price. Alternative Scenario: If price drops below 193.50 without triggering the entry, wait for a potential retest of the 193.00 support level before considering a new long position. The bullish bias would be invalidated if price breaks below the 192.00 level, which represents a key structural support on the 4-hour chart.
Long
by ShlomoYahbes
2
GBP/JPY (Long)Daily: Price > 200EMA Swing Period 10

Swing Low: 187.666
Swing Low: 194.892
Volume Imbalance: 2 Candles

Daily Order Block: 197.399 / 195.104 H4: Price < 200EMA Swing Period: 7 Swing High: 194.892
Swing Low: 190.728 Volume Imbalance: 2 Candles H4 Order Block: 192.357 / 192.841 H1: Swing Period: 5 Swing High: 194.892
Swing Low: 191.446 Volume Imbalance: 11 Candles H1 Order Block: 192.357 / 192.841 Model 1:
 Entry Price: 192.572 
Stop Loss: 191.970

TP1: 191.970 @ 1:1 / 50% TP2: 193.775 @ 1:2 / 25% SL: Breakeven TP3: 194.891 @ 1:3 / 25% Model 2: 
 Entry Price: 192.750 - 192.159
Entry Trigger: 9EMA X 21EMA

SL: Above recent swing low

TP1: 1:2
 SL: Trailing 9EMA
Long
by warsam
Why GBPJPY is Bullish?? Detailed technical and fundamentalsThe GBP/JPY pair has recently confirmed a bullish reversal by breaking out of a falling wedge pattern, aligning with our earlier analysis. Currently trading at 194.000, the pair is on track toward our target of 199.000. Technically, the breakout from the falling wedge—a pattern typically indicative of bullish reversals—suggests increased buying momentum. This is further supported by the pair's ability to maintain levels above key resistance points, now acting as support. The next significant resistance is anticipated around the 195.000 level, a psychological barrier that, if surpassed, could pave the way toward our 199.000 target. Fundamentally, the British pound has been bolstered by positive economic indicators, including robust GDP growth and a resilient labor market, enhancing investor confidence. Conversely, the Japanese yen has experienced depreciation due to the Bank of Japan's commitment to ultra-loose monetary policies, aiming to stimulate inflation and economic growth. This monetary policy divergence has contributed to the upward trajectory of GBP/JPY. In conclusion, the confluence of technical and fundamental factors supports a bullish outlook for GBP/JPY. Traders should monitor upcoming economic releases and central bank communications, as these could impact market sentiment and price action. Maintaining a disciplined approach with appropriate risk management strategies is essential as the pair approaches the 199.000 target.
Long
by AndrewsMarket-Mastery
9
GBP/JPY 15-Minute Chart Analysis1. Market Structure The chart indicates a potential reversal or correction after an extended bullish run. Price reached a strong resistance zone (~194.45 - 194.92) and is now showing signs of rejection. A bearish retracement is forming, with price breaking a short-term ascending trendline. 2. Key Levels Resistance Zone (~194.45 - 194.92): This area acted as a supply zone where price faced selling pressure. Support Zone (~193.30 - 192.90): This is the next potential demand zone where buyers may step in. 3. Bearish Setup Confirmation The trade setup suggests a short (sell) position, with: Entry after trendline break (~194.30 - 194.29) Stop-loss above resistance (~194.92) Take-profit at next support (~193.30 or 192.90) The Risk-to-Reward Ratio (RRR) looks favorable, with a target almost twice the risk. 4. Trading Strategy If Price Stays Below 194.30 → Bearish confirmation; hold sell trade. If Price Breaks Above 194.92 → Trade invalidation; cut losses. If Price Drops to 193.30 - 192.90 → Secure profit or trail stop-loss. 5. Additional Confirmation Factors EMA 50: Price is testing the 50 EMA, which may act as short-term resistance. Bearish Momentum: Rejection candles at the resistance zone indicate selling pressure. Conclusion Primary Bias: Bearish (short-term correction) Entry Zone: ~194.30 - 194.29 Stop Loss: ~194.92 (above resistance) Take Profit: ~193.30 or ~192.90 Trade Confirmation: Look for bearish momentum and rejection candles.
Short
by aziezieam
GBP/JPY 2-Hour Analysis & Possible ScenariosGBP/JPY 2-Hour Analysis & Possible Scenarios Current Market Structure The pair is in an uptrend, as seen from the ascending trendline. Price has reached a resistance zone around 194.5 - 195.0, where it is showing signs of rejection. The market is trading above the 50 EMA, indicating that the overall momentum is still bullish. Possible Scenarios Bullish Continuation: If price breaks above the resistance zone (195.0+), we could see further upside. A retest of the breakout zone could provide a buy opportunity targeting 196.5 - 197.0. Bearish Reversal (Pullback Scenario): If price fails to break above resistance, we may see a rejection. A break below the trendline and 193.5 support could confirm a deeper pullback. The next potential downside target would be 191.8, with a possible further drop to 189.0. Range Formation: If price consolidates between 193.5 - 195.0, expect choppy movement. A breakout in either direction would determine the next major move. Key Levels to Watch Resistance: 194.5 - 195.0 (Current Supply Zone) Support: 193.5 (Trendline Support), 191.8 (Major Previous Structure) Target (If Breakdown Occurs): 189.0
by aziezieam