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GBPJPY trade ideas

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
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
Heading into pullback resistance?GBP/JPY is rising towards the resistance level which is a pullback resistance that lines up with the 71% Fibonacci retracement and the 161.8% Fibonacci extension and could reverse from this level to our take profit. Entry: 192.34 Why we like it: There is a pullback resistance that lines up with the 161.8% Fibonacci extension and the 71% Fibonacci retracement. Stop loss: 194.82 Why we like it: There is a pullback resistance. Take profit: 189.96 Why we like it: There is a pullback support level that aligns with the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
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
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 Trading Strategy | Follow Liquidity Breakouts and Seize EOver the past two months, GBPJPY has consistently broken through two key liquidity zones before continuing along its main direction. For example, after the upward channel breaks the liquidity at points 1 and 2, the price retraces and then continues in the main direction. When the price breaks through liquidity at points 3 and 4, the market goes into another liquidity accumulation phase. 🔑 Based on this logic: This time, the price is rising to the SELLER IMB zone, which is a liquidity accumulation area. When the price breaks and then retraces again, that's our entry point. We can go short at this level and wait for the price to retrace further towards the low liquidity point 8. 🎯 Precise Entry: To optimize the risk-to-reward ratio, we will use a smaller time frame for entry, allowing us to capture the pullback more precisely. 💡 The market is like a butterfly—light and difficult to catch. But as long as you have a clear plan and base your trades on sound logic, every trade will progress steadily. No matter how the market moves, you will be able to seize every opportunity. If you want to learn how to apply logic and strategy in the market to improve your consistency, feel free to join the APL Learning Community, and let's take the path to successful trading together! 🚀
Short
by Day_Trading_Attack_Penguins
GBP/JPY TRADE ALERT! GBP/JPY TRADE ALERT! Potential Trend Reversal Ahead! Current External Trend: BULLISH Do you agree with our Daily Time Frame Forecast? Market has given a CIDS (Candlestick Inside Day Setup), we'll enter after retesting CIDS. Get ready to trade! Potential Trend Reversal Ahead! Current External Trend: BULLISH Do you agree with our Daily Time Frame Forecast? Market has given a CIDS (Candlestick Inside Day Setup), we'll enter after retesting CIDS. Get ready to trade!
Short
by twb1122
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
GBPJPY on the Launchpad – Retrace Before the Blast? Description: GBPJPY has broken structure and is respecting the ascending trendline with strong bullish momentum. Price is currently pushing higher but may retest the demand zone around 189.800 – 190.100 before launching toward the 195.000+ supply area. Volume profile shows heavy accumulation below, adding confluence to the potential bullish continuation. Trade Idea: Entry: On a pullback to the green demand zone SL: Below 189.500 TP: 195.000+ Bias: Bullish continuation following trendline support + demand reaction Eyes on the retest — buying the dip could be golden.
Long
by Profx001
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
GBPJPY Potential longsFX:GBPJPY After a week of bearish movement, the price has finally broke and closed above last week's high. This pair may give opportunity for some short-term bullish momentum towards the upside. On yesterday's PMI news, price broke above the fib zone and came back retesting, before continuing its second expansion upwards. Price has previously broke above the 4H swap zone but quickly came back to the 1H support zone at 188.24 and retested twice without breaching the support zone. This gives us extra confluence for entering longs. For swing trading, we can take buys from the second half of the swap zone to the end of the 0.79 fib zone. The reason why we could also enter buys off the 4H swap zone is because price has already retested once on the fib zone, and the swap zone remains as a very strong support. As for intraday and scalping, I’d prefer to wait for short timeframe confirmations and enter with a smaller stop loss for more precise entry. We can target the buys towards 4H resistance zone at 191.180. Trade safely 😃
Long
by CandleCipher
GBP/JPY at the Edge! Bounce or Breakdown? The weekly chart of GBP/JPY reveals a highly volatile scenario, with a recent bearish expansion pushing the price back toward a key support zone between 185.00 and 188.30 — an area that has been defended multiple times in the past. After an attempted recovery toward the supply zone between 194.00 and 195.00, the pair encountered heavy selling pressure, failing to break out and sharply reversing. From a technical perspective, the move suggests a possible swing failure above local highs, with the current weekly candle confirming a return below resistance. Price action is now within a critical area: if the current support holds, we could see a technical rebound with interim targets at 191.40 and potentially back toward 194.00. However, a breakdown below 185.00 would open the door to deeper correction, with possible extensions toward 182.00 and 180.00 — both zones marked by previous accumulation. The RSI, after dipping into oversold territory, is now attempting a reaction, indicating that buyers are trying to regain control, though the structure remains fragile. Strategically, this phase demands caution: aggressive longs may seek confirmation of reversal above current lows, while bearish traders should closely watch for a confirmed breakdown below support. The 188.30 to 191.40 price range will be key to monitoring the next directional move.
Long
by EdgeTradingJourney
1