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British Pound / Japanese Yen

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GBPJPY trade ideas

GBPJPY Technical AnalysisOur analysis is based on multi-timeframe top-down analysis & fundamental analysis. Based on our view the price will rise to the monthly level. DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you. Please support our analysis with a like or comment! Let’s master the market together. Please share your thoughts and encourage us to do more by liking this idea.
Long
by dkb14246
1
GBPJPY BULLISH OUTLOOK WITH DEFINED RISK *GBP/JPY Trade Opportunity: Bullish Outlook with Defined Risk* A potential buying opportunity has emerged in the GBP/JPY currency pair, with a defined risk management strategy in place. *Trade Setup:* - *Buy*: 192 - *Take Profit (TP)*: 197 - *Stop Loss (SL)*: 190 This trade setup is based on a bullish outlook for the GBP/JPY pair, driven by both technical and fundamental factors. *Fundamental Analysis:* The British pound (GBP) has been gaining strength against the Japanese yen (JPY) due to: 1. *Interest Rate Divergence*: The Bank of England (BoE) has maintained a hawkish stance, while the Bank of Japan (BoJ) continues to pursue a dovish monetary policy. This divergence in interest rates has created an attractive carry trade opportunity. 2. *Economic Growth*: The UK economy has shown resilience despite Brexit uncertainties, while Japan's economic growth remains sluggish. 3. *Trade Tensions*: The ongoing trade tensions between the US and China have led to a decline in the value of the yen, making it an attractive currency to sell against the pound. *Technical Analysis:* From a technical perspective, the GBP/JPY pair has broken out of a consolidation range and is now trending upwards. The relative strength index (RSI) is below 70, indicating that the pair is not overbought yet. *Risk Management:* To manage risk, a stop loss has been set at 190, which is below the recent swing low. This will limit potential losses if the market moves against the position. *Conclusion:* The GBP/JPY trade setup offers a bullish opportunity with defined risk. The combination of interest rate divergence, economic growth, and trade tensions provides a solid fundamental basis for the trade. Keep your best wishes to the Travis 👍
Long
by Expert_Travis
ONENTRYGBP/JPY Overnight Range Breakout Strategy Timeframe: 30 Minutes Session: London Pre-Market (00:00 - 06:30 +2GMT) Step 1: Identify the Overnight Range Mark the high and low of the price range between 00:00 - 06:30 (+2GMT). Wait for a clear breakout with a candle closing above (for longs) or below (for shorts) this range. Step 2: Apply Fibonacci Levels After the breakout, use the Fibonacci retracement tool: Anchor Point 1: Start at the close of the breakout candle. Anchor Point 2: Drag to the start of the impulse move (first candle of the range). Key level for entry: 0.5 and 0.35 retracement. Step 3: Trade Execution Entry: Enter on a pullback to 0.5 and 0.35 Fib level after the breakout. Stop Loss (SL): Long trades: Below the low of the breakout candle’s body. Short trades: Above the high of the breakout candle’s body. Take Profit Targets: TP1: 1.0 Fib (1:1 risk-reward). TP2: 1.6 Fib extension. TP3: 2.3 Fib extension (runner position). Step 4: Trade Management Move SL to breakeven when price hits TP1. ENTRY #1 193.44 ENTRY #2 193.52 SL 193.75 TP FIB EXTENSIONS
Short
by ONENTRY
Potential GBPJPY Trade Setup News event for the week JPY Tankan Large Manufacturing Index at Tuesday 350am (Over) Long-term Chart Major long-term trendline (Jan 23 - Current) uptrend line is still holding Shorter trendline: LH and LL have been set since Oct. Technical analysis Prices are currently in no-man's land and there's no reason to enter from a technical perspective now I want to enter Long positions if they reach 191-190 price range -- Daily level SL: 188 -- Daily level TP: 195 Price Action for entry -- Price to hit zone, then breakout to the downside out of the zone. To take trade on the retracement candle with SL above the highs within the zone. -- TF to view candle: H1 And I want to enter a Short position if price reaches around 196 and does not have a strong volume breakout to the upside. -- Daily level SL: 198 (Top of zone + Daily ATR) -- Daily level TP: 190.6 (Major trendline level) Price Action for entry -- Price to hit zone then breakout to the upside of the zone. To take trade on the retracement candle with SL below the lows within the zone -- TF to view candle: H1 Fundamental Divergence in monetary policies, favouring a downtrend of the GBPJPY. This is THE major driver, and until economic news changes this, I favour selling GBPJPY whenever it reaches a premium level. BOE expected to continue to cut interest rates due to bad economic outlook JPY expected to continue to hike interest rates to strengthen the yen Overall If price reaches SHORT zone. I expect to hold the trade longer to take advantage of the fundamental downtrend. And I may scale into the trade if price starts a major downmove. If price reaches the LONG zone and Price Action permits, I expect to have a scalp of the Long position(s) to take advantage of the supply zone. I do not want to hold a Long position in GBPJPY for an extended time. This is under the assumption that the monetary policy divergence holds. Notes: This is currently for personal practice to write out trade ideas. Feedback is welcome, and please don't mind if none of this makes sense.
Short
by yuhaocooper
GBPJPY, SELLThe forex signals provided are for informational and educational purposes only and do not constitute financial advice, investment recommendations, or an offer to buy or sell any financial instrument. Trading forex carries a high level of risk and may not be suitable for all investors. The use of leverage can result in losses exceeding your initial deposit. Past performance is not indicative of future results. We do not guarantee the accuracy, reliability, or completeness of any signals provided. Any trading decisions you make based on our signals are made at your own risk, and we shall not be liable for any financial losses incurred. You should consult with a qualified financial advisor before engaging in forex trading. By using our signals, you acknowledge and accept the risks associated with trading and agree to hold us harmless from any liabilities
Short
by gbaraka6
GBPJPY Is Going Down! Short! Take a look at our analysis for GBPJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 193.030. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 192.202 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!
Short
by SignalProvider
2
Lingrid | GBPJPY Potential UPWARD CHANNEL Breakout. ShortThe price perfectly fulfilled my last idea . It hit the TP level. The overall FX:GBPJPY price formed ABC movement, with the C point completed around the 196.000 level then boucned off. Recently, the price broke and closed below the 194.000 level, that has become a resistance zone. The market has since formed a daily inside bar pattern, and a breakout above or below Monday's high and low will likely determine the next move. Currently, the price is testing the lower boundary of a channel that coincides with the support level at 193.000. I think the price may form a range zone at this level before potentially continuing downward and breaking out of the upward channel. My goal is support zone at 192.200 Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
Short
by Lingrid
4