GBPJPY trade ideas
BosThr first bos from stoploss hunt will always give us an entry but the bos will give you a sniper late entry
Pound-yen struggles despite higher British inflationSome renewed demand for havens has supported the yen over the last few days as American bonds were downgraded. Recent Japanese data have been mostly mixed, with investment likely up somewhat although 20 May’s balance of trade unexpectedly showed a deficit. British data have been more positive, with inflation particularly reaching a high of more than a year and lowering the probability of immediate further cuts by the BoE.
14 May’s rejection of ¥196 seems to have been decisive, with the price having moved fairly consistently down since then and back below the 200 SMA. The slow stochastic is very close to neutral and volume remains low compared to early in April. Consolidation in the value area between the 100 and 200 SMAs looks possible in the near future unless there’s a particular surprise from Japanese inflation.
The weekly chart shows an overall sideways trend since the fourth quarter of 2024, which is a normal situation for a major forex pair. The main release coming up for pound-yen specifically is Japanese consumer confidence on 29 May.
This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
GBPJPY Update. May 22thAlthough price didn’t follow my initial trade setup exactly, it’s still doing precisely what could be expected. Knowing which levels to focus on — and how to anticipate reactions — is crucial to avoid chasing trades. Let the market do its work.
I’m still looking for buy setups (mid to long term) as long as a main key level remains intact. This is not defined by new lows alone, but by how price behaves according to my system.
There’s still an area of imbalance within the current structure — that remains my main target.
Keep following this trade to see how the market unfolds.
Pay close attention to the levels I’ve marked — they’re not random. Each one serves a purpose
GBPJPY - Important BreakdownHello Traders !
The GBPJPY failed to create a new higher high.
The price broke the support line!
So, I expect a bearish move📉
________________
TARGET: 190.680🎯
GBP/JPY Elliott Wave Completion + AO Divergence @ Zone 4.23 | BUHey traders! 👋
Here’s an exciting setup on GBP/JPY (1H) — we might be at the early stage of a major reversal, and you’ll want this on your radar. Let's break it down with Elliott Wave theory, the Awesome Oscillator (AO), and some powerful Fibonacci confluence.
🧠 Elliott Wave Count – 5-Wave Impulse Completed
We have a clean 5-wave bearish impulsive structure:
1️⃣ Wave (1): Sharp drop kicks off the trend.
2️⃣ Wave (2): Classic pullback, respecting structure.
3️⃣ Wave (3): Longest and most powerful wave down.
4️⃣ Wave (4): Corrective triangle/flat with weakening bear momentum.
5️⃣ Wave (5): Final push into a key demand zone, but lacks strength.
🛑 What makes this special? Wave (5) lands right into “Zone 4.23” — a Fibonacci extension (423.6%) of the corrective leg — acting as a magnet for price exhaustion.
📊 AO Divergence – Early Warning Signal!
Check the Awesome Oscillator (AO):
Price makes lower lows (Wave 3 → Wave 5)
AO makes higher lows — textbook bullish divergence 🔍
This is smart money exhaustion: the bears are running out of steam, even though price is still pushing lower. When momentum diverges from price, a reversal is highly probable.
📌 ZONE 4.23 – Fibonacci Confluence + Demand Zone
This zone (191.900 – 192.300) is no ordinary support. It combines:
📐 423.6% Fibonacci extension (a powerful exhaustion level)
🟦 Historical demand zone from previous impulsive rally
🤖 Price reacting instantly on touch = algorithmic buying likely
⚠️ What Comes Next – Break of Structure (BOS) = Entry Trigger
We’re not rushing in blindly. Here’s the plan:
Wait for BOS: Price must break above Wave (4) structure (~193.200).
AO flips green: Extra confirmation of new bullish momentum.
Retest of BOS or Zone 4.23: That’s our golden buy entry.
Target Zone: Use Fibonacci retracement of full Wave 1–5 down. First targets:
🎯 38.2% = 193.800
🎯 61.8% = 194.900
🎯 Full correction = 196.000+
🎯 Conclusion: This Is a Setup with EDGE
✅ Completed Elliott Wave
✅ AO Divergence = Hidden strength
✅ Fibonacci 4.23 Confluence
✅ Demand Zone bounce
✅ Clear BOS-based entry plan
🔥 Are You Ready for the Reversal?
Drop a comment if you're watching this setup too 👇
Like ❤️ + Follow if you want more clean, actionable Elliott Wave + AO confluence setups like this!
📈 Let’s catch the move before the crowd reacts.
#GBPJPY #ElliottWave #AO #Divergence #ForexTrading #TechnicalAnalysis #BuySetup #SmartMoney #Fib4.23 #BreakOfStructure #TrendReversal
GJ-Thu-22/05/25 TDA-Multiple 4hS tapped, PMI news incoming!Analysis done directly on the chart
Follow for more, possible live updates!
Multiple 4hS tapped, PMI news incoming,
the PMI releases will determine how price
will move today.
Not financial advice, DYOR.
Market Flow Strategy
Mister Y
SELL NOW GBPJPY!!!!!!!Bearish rising wedge pattern and yes we already have a breakouts and a retest just a free ride down to the sell side am in on sell hold till a perfect drop of +200pips atleast
Falling towards 38.2% Fibonacci support?GBP/JPY is falling towards the pivot and could bounce to the 1st, pullback resistance.
Pivot: 191.56
1st Support: 190.35
1st Resistance: 193.65
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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.
GBPJPY | Rising WedgeGBPJPY has made a rising wedge pattern with prior bearish divergence.It is a good sign of downward trend and a short trade can be taken either by sell stop order or an instant order.
GBP JPY Chart Showing Double top trendGBP JPY Showing double top trend in the chart after Diavergenc and I am taking my trade.
GBP Sell IdeaPrice has been forming lower highs and lower lows all week. The support area has been broken on H1, and a retest has been done. A close of the H4 candle below the support would confirm a sell. We wait and watch.
Risk - 30 pips
Reward - Your decision
GBPJPY Will Move Higher! Long!
Here is our detailed technical review for GBPJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 192.740.
The above observations make me that the market will inevitably achieve 197.573 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.
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!
GBPJPY - LongLimit set on 192.500 to take the long from the last fresh 4H buy zone. Targeting this weeks high.
GBP/JPY – Bearish Trend Continuation Setup After ReversalPair: GBP/JPY
Market Trend: Bearish (Confirmed Reversal)
Entry Type: Sell Limit
Entry Price (EP): 192.725
Stop Loss (SL): 194.285
Take Profit 1 (TP1): 191.024 (1:1)
Take Profit 2 (TP2): 189.262 (1:2)
Lot Size: 0.09
Risk/Reward:
Trade 1: Risk $100 / Reward $100 (1:1)
Trade 2: Risk $100 / Reward $200 (1:2)
Total Risk: $200
Total Potential Reward: $300
📉 Trade Overview:
After a clear trend reversal from bullish to bearish, GBP/JPY has started forming lower highs and lower lows, signaling strength in the bearish momentum.
We're entering a Sell Limit trade on a pullback to a key resistance level, aligned with the newly formed downtrend.
SL is placed safely above recent swing highs
TP1 targets a conservative zone for early profit
TP2 allows us to ride the momentum deeper into the trend
🔍 Why This Setup?
✅ Confirmed Trend Shift – Market structure has flipped, confirming a bearish trend.
✅ Resistance-Based Entry – Selling on a pullback adds higher probability to the trade.
✅ Smart Risk Management – Trade split into 1:1 and 1:2 for both safety and profitability.
✅ Clear Technical Levels – SL and TPs aligned with prior price action and liquidity zones.
📌 Strategy Note:
Staying disciplined during trend reversals is key. We’re executing on structure, not emotion. Price is more likely to respect resistance after momentum shift — and we’re positioned with calculated risk.
🔗 Hashtags:
#GBPJPY #ForexTrading #BearishTrend #SellLimit #TrendReversal #PriceAction #ForexSetup #TechnicalAnalysis #RiskReward #SmartTrading #FXMarket #TradingStrategy #ForexSignals
GBPJPY bulls has given up?Hello 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.
GBPJPYHello traders,
There’s currently a solid Sell opportunity on GBPJPY. I’ve already entered this trade, and if the price moves into drawdown, I’ll apply my Smart Pullback Entry model to scale up the position with a higher lot size.
🔍 Trade Details:
✔️ Timeframe: 15-Minute
✔️ Risk-to-Reward Ratio: 1:1.50
✔️ Trade Direction: Sell
✔️ Entry Price: 193.199
✔️ Take Profit: 192.908
✔️ Stop Loss: 193.393
🔔 Disclaimer: This is not financial advice. I’m sharing a trade I’m personally taking based on my own strategy, strictly for educational purposes.
📌 Interested in a more systematic and data-driven approach to trading?
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GBPJPYThe market is at the point of interest. we don't control it, we just need to wait and see what it does and trade according. if you zoom in you will see the previous h4 candle was indecisive, it more wisely to wait and get more data before taking a trade.
this is purely an analysis without a bias as the market haven't given any confirmation
Gbp/Jpy intra-day Analysis 21-May-2025
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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. easyMarkets 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.
Potential buy opertunity Based on long-term trend, price action, SMC and ICT. All point to upward movement.
GBP/JPY LONG 21/05/25Price broke 196.000, breaking bearish structure and retraced into the recent swing low. Price maintained above displaying continued bullish dominance. Double bottom formed on the 4hr and 6hr timeframe. Cpi for gbp was green giving fundamental endorsement for a bullish move up today to retest the highs at 195.000 and potentially 196.000. Jpy being a safe haven also is due to see some weakness due to softer trade war and talks in middle east.
DOUBLE SCENARIOS ARE POSSIBLE ON GBPJPYGBPJPY is in an up trend but seems it about to break the trend line .our main focus is on the bullish flag being formed, if price break above the flag we buy but if it break below the flag we sell
GBPJPY Channel Breakout: Bearish SetupGBP/JPY Technical Outlook: Consolidation at Key Support Ahead of Potential Breakout or Breakdown
The GBP/JPY pair has entered a phase of consolidation following a robust bullish rally that propelled the price toward its March high. After an impressive upward run, the pair now finds itself at a pivotal juncture—testing a critical support zone around 193.8, where the ascending trendline, previous breakout zone, and psychological price structure converge.
This area is particularly significant because it represents not just a technical confluence but also a sentiment battleground. Buyers will aim to defend this zone to preserve the broader bullish structure, while sellers may view any weakness here as an early sign of a deeper retracement.
The pair’s behavior at this level will likely define its direction for the sessions ahead. Holding above this trendline could reinforce bullish momentum and potentially send GBP/JPY higher toward the 196.3 resistance zone. On the other hand, a firm breakdown below 193.0 would violate key trend support and could trigger an extended corrective move, possibly targeting 191.000 or lower.
🔍 Technical Structure and Trading Scenarios
Key Support Zone:
The area between 193.0 and 193.8 serves as an immediate demand zone. It’s not only the site of a prior breakout but also intersects with the current rising trendline that has guided price action for several weeks.
Bullish Continuation Setup:
If GBP/JPY rebounds from the 193.0–193.8 area with confirmation from bullish momentum indicators (such as a bullish engulfing pattern or RSI bounce from mid-levels), the pair could resume its uptrend. A move toward the 196.3 target zone would then be on the cards, especially if broader risk sentiment remains supportive.
Bearish Breakdown Setup:
A clean break and close below 193.0 would be a significant bearish signal. This would indicate that buyers are losing control and that the trendline has failed to hold as dynamic support. Such a move would likely trigger follow-through selling, opening up space for a decline toward the 191.000 support region—a level that previously acted as a strong demand zone during price consolidations.
📈 Trading Levels to Watch
Buy Zone: 193.0 – 193.8
Ideal area for long positions if price stabilizes and shows signs of strength.
Buy Trigger:
A bullish bounce from trendline support, especially on increased volume or intraday reversal patterns.
Target: 196.3
Represents prior highs and a likely resistance area where sellers may step in again.
Sell Trigger:
A breakdown below 193.0, confirmed by a daily close or breakaway candle.
⚠️ Fundamental & Sentiment Risks
Weak UK Economic Data:
Any disappointing economic releases from the UK—particularly related to inflation, employment, or growth—could weigh on the pound and limit GBP/JPY’s upside potential.
Safe-Haven Yen Demand:
In times of geopolitical uncertainty, risk aversion, or equity market stress, the Japanese yen often attracts safe-haven flows. A resurgence in yen strength could pressure this pair even if the pound remains stable.
Trendline Break Risks:
A violation of the trendline would mark a shift in short-term sentiment and could trigger algorithmic and technical-based selling, accelerating the downward momentum toward 191.000 or even lower if broader risk sentiment turns negative.
📌 Conclusion: Pivotal Moment for GBP/JPY
GBP/JPY is currently navigating a highly strategic technical zone that could define its near-term trajectory. Bulls will need to defend the 193.0–193.8 region with conviction to preserve the broader bullish structure, while bears are likely waiting for a breakdown to exploit any weakness. Patience and disciplined trade management will be key as traders await confirmation of the next move.
This setup offers an attractive risk-reward environment for both breakout and mean-reversion traders—but only if the technical signals align with broader macro and sentiment drivers.
