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GBPJPY trade ideas

YEN WEAKENS ON UEDA’S DOVISH CAUTION;WHILE GBPJPY SLIDES TO During governor Kazuo Ueda’s speech on Tuesday, he emphasized that the central bank would raise interest rates once it is convinced enough that economic and price growth will re-accelerate after a period of stagnation. He further signaled the central bank will continue to taper its huge bond buying even after an existing plan running through March expires, underscoring its resolve to stay on course for a slow but steady withdrawal of ultra-easy policy. The Bank governor further highlighted the challenges posed by higher U.S. tariffs, which could reduce exports, hamper corporate profits, and impact wage growth and consumer sentiment. Despite headline inflation reaching 4.6% in April, above the BOJ's 2% target the central bank maintains low interest rates at 0.50%, expecting food price inflation to ease. Ueda's remarks led to a depreciation of the yen, as markets interpreted his cautious stance as a sign that immediate rate hikes are unlikely. As at the time of writing, the yen is down by 0.08%, and the GBP by 0.14%. TECHNICAL VIEW: From technical perspective, GBPJPY remains in a short-term downtrend on the 2-hour chart. The pair is currently trading at 193.16 and down by 0.07% as at 02:25PM GMT+4. Meanwhile, the pair found support near 192.56, with the RSI hovering around 38.6. The emergence of a bearish hidden divergence suggests there may still be further downside potential. If the bearish momentum continues, technicians expect price to tank further with potential target around 192.56, 191.88 and then 190.86. On the flipside, a bullish rally would likely usher in potential targets around 193.86, 194.65 and 196.18 according to analysts. Break out of these levels are possible.
by CFI
GBPJPY is in the Down TrendHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Short
by ForexMasters2000
1
GBPJPY LONG FORECAST Q2 W23 D3 Y25GBPJPY LONG FORECAST Q2 W23 D3 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Daily order block ✅15' order block ✅Intraday breaks of structure ✅4H 50 EMA rejection 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
GBPJPY BULLISH OR BEARISH DETAILED ANALYSISGBPJPY is currently respecting a clean ascending triangle formation on the 4H chart, with the 193.00 area acting as a strong support zone and higher lows continuing to form. This structure signals bullish pressure building up, and a breakout above the key resistance near 196.50 could trigger the next impulsive leg toward the 198.00 target. Price action is compressing along a clear trendline, and bulls are steadily stepping in on each dip—showing a textbook bullish continuation setup. From a macro perspective, the yen remains fundamentally weak as the Bank of Japan maintains its ultra-loose monetary stance despite global tightening cycles. In contrast, the British pound is drawing strength from resilient UK economic data and expectations of at least one more rate hike from the Bank of England due to sticky core inflation. The widening yield differential between UK gilts and Japanese bonds continues to support GBPJPY upside, which is also visible in the broader risk-on market sentiment as equities hold firm globally. Technically, GBPJPY has consistently respected trendline support and is coiling tightly under a known resistance zone, signaling that momentum is building for a significant move. Once the pair clears the 196.50 liquidity area, price is likely to surge quickly toward 198.00 as buy stops get activated. The 191.70–192.00 region remains the key invalidation level for this bullish outlook, and as long as that support holds, this setup remains highly favorable for bulls. This pair is showing strong confluence of technical structure and fundamental drivers. A breakout above the triangle’s upper boundary could present a high-probability long opportunity with minimal drawdown. With momentum aligning and market sentiment supporting GBP strength, this could be a prime move to capture in the coming sessions.
Long
by AndrewsMarket-Mastery
Yen Strength Persists: GBP/JPY Faces Downward PressureGBPJPY is dropping in worth vs the Japanese Yen since the Federal Reserve in the US is expected to lower interest rates while the Bank of Japan might increase them. This increases the appeal of the yen for investors. One pound will get you 193.54 Yen today, having dropped as low as 193.44 earlier today. Experts expect this negative trend to persist as long as the price remains below 194.60. With the Fed keeping higher rates (4.25%-4.5%) and hinting at a conservative approach to rate cuts given ongoing inflation, the Federal Reserve and the Bank of Japan are on opposite monetary policy directions. The BOJ has kept its policy rate much lower (0.5%), but hinted at possible tightening. Particularly in the USD/JPY pair, this separation has affected currency volatility, with possible yen appreciation should the BOJ turn hawkish or the Fed become more dovish. Key drivers for investor strategies are market expectations and economic data releases in both countries, however some experts argue that the impact of this difference may be less strong than in past cycles because of more general global economic conditions. The GBP/JPY pair is trading below 55 and 200 EMA (Short-term) and above 365 EMA (long-term on the 1-hour chart, confirming a mixed trend. Any violation below 193.40 indicates the intraday trend is weak. A dip to 192.85/192/191.70/191 /190 is possible. Immediate resistance is at 194.30, a breach above this level targets of 194.60/195/196.50/. Market Indicators (1- hour) CCI (50)- Bearish Directional movement index - Bearish Trading Strategy: Sell on rallies It Is good to sell on rallies around 194 with SL around 195 for a TP of 192.
Short
by adiechiii
GBPJPY Is Very Bullish! Long! Please, check our technical outlook for GBPJPY. Time Frame: 7h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 192.683. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 194.257 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. 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
1
GJ-Mon-2/06/25 TDA-GJ in ranging zone!Analysis done directly on the chart Follow for more, possible live trades update! My idea is the higher time frame you trade, the more fundamental analysis you need to be good at to actually be consistently profitable trader. And viceversa if you trade lower timeframe it's more technical analysis but always keeping in mind the higher timeframe picture, doing the top down analysis and having the basic necessary knowledge on fundamental analysis. Tips for basic fundamental knowledge: 1) Use economic calendar ( I recommend FXstreet calendar for macroeconomic events and Financial Juicy for flash news, real live updates) 2) Stay up to date with global news, war, tariffs etc. As these are key factors that will influence price currencies. Not financial advice, DYOR. Market Flow Strategy Mister Y
by Mister_Y
GBPJPY: Bullish 5-0 Setup on the 4-Hourly ChartFrom a higher-timeframe perspective, GBPJPY might seem like it's perfect for a shorting opportunity, but that doesn't mean there aren't great opportunities to go long as well. Right now, on the 4-hourly chart, I've spotted an interesting Bullish 5-0 setup. To many traders, this might look like an invalid entry. But here’s the catch—if you know how to interpret candlestick patterns correctly, this is exactly the kind of setup that can pay off. Here’s the Plan: Bullish 5-0 Pattern Entry: Keep an eye on candlestick confirmations at the current zone. Risk Management: Identify the key levels clearly—once price reaches these levels, shift your stops to entry to achieve a risk-free trade. Key Reminder: It’s not always about being right in direction; it’s about spotting clear entry setups, managing your risk effectively, and protecting your capital. 👉 Golden Rule: Secure a risk-free trade as soon as possible! Have you traded the Bullish 5-0 before? Do you have similar experiences spotting opportunities against the broader trend? Let’s discuss below! Happy trading, everyone! 🚀
Long
by RaynLim