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British Pound / Japanese Yen

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GBPJPY trade ideas

GBP/JPY - Can we test previous resistance?GBP/JPY Potential Sell? 📉 1️⃣ Strong Resistance Rejection & Bearish Indicators GBP/JPY is facing strong rejection from the key resistance zone at 194.800-194.300, where sellers have historically shown strong interest. MACD Bearish Crossover suggests increasing downside momentum. RSI Pullback from Overbought indicates reduced buying pressure and a possible reversal. 2️⃣ UK Economic Uncertainty UK GDP growth is forecasted to stagnate at 0.2% in Q2 2025, signaling a sluggish economy. Inflation remains stubbornly high, increasing pressure on the Bank of England (BoE) to maintain restrictive monetary policies. Consumer confidence is weakening, adding further weight to bearish sentiment for GBP. 3️⃣ Technical Setup Aligns with the Short Trade Key Resistance Holding: 193.100-192.050 area remains a formidable barrier. Bearish Divergence on MACD and RSI indicates weakening bullish momentum. Entry: 194.421 Target: 193.100 SL: 195.500
Short
by DG55Capital
GBP/JPY - Market Breakdown/Trade IdeaHi all, Here we are currently making Higher Highs in the higher TF. We can also see the price is actually consolidating in the Higher TF-In a wedge pattern. We are still looking for buy positions and currently price is in a pullback stage so we will be looking for an entry around this smaller tf Demand zone 4H - Is displaying a slowing momentum of price from sellers. Looking at this Demand zone I will be waiting for buyers to step in to make a change of character before Buying Looking to break this Internal Protected High for me to then look for my Lower TF Entry model Good luck to anyone that follows this trade Idea
Long
by jamesibartram
Three Consecutive action conceptAfter years of trading, I noticed a pattern where the market forms three consecutive highs before reversing. The third high often acts as a liquidity grab, trapping buyers before price drops. How It Works: First High – Establishes resistance. Second High – Confirms liquidity above. Third High – Triggers a stop hunt, followed by a reversal. If the second high’s order block wasn’t mitigated, price tends to return to it before the drop. This pattern works best when combined with liquidity sweeps, Fair Value Gaps (FVGs), and market structure shifts (MSS) for confirmation. 🔸 Disclaimer: This is based on my personal observations and may not work in all market conditions. Always trade with caution, backtest thoroughly, and use risk management.
Short
by markjeraldrivera
JPY/GBP - Potential Reversal SetupHey traders! Today we’re diving into a high-probability setup on the JPY/GBP pair with up to 22% upside on the monthly chart. I’ll cover the technicals, fundamentals, and exactly how to trade it. 📉 Chart pattern Looking at the chart, we’ve got a textbook falling channel stretching back from mid-2020. This descending structure has been consistent, but right now, we’re testing the upper boundary - and that could signal a trend reversal is coming. Momentum indicators back it up too. The RSI is rising off oversold levels, sitting around 41. And check out the MACD: bearish momentum is fading. Classic setup for a bullish breakout. 📌 Trade setup Wait for a monthly close above the upper channel , ideally between 0.00530 to 0.00535. That’s your breakout confirmation. You can place a buy stop just above the breakout zone. Set your stop-loss below the recent swing low - about 0.00490 - to protect against false moves. Now for the profit targets : * First target: 0.00580, that’s 12% above current levels. * Second target: 0.00630, that's 22% upside potential. That gives you a potential risk-reward ratio of up to 1:4 - solid. 🌐 Fundamentals On the macro side, this setup makes even more sense. Japan is finally stepping away from ultra-loose monetary policy, possibly hiking rates. Meanwhile, the UK looks set to pause or even cut rates in 2025. That shift could give the Yen the edge over the Pound, driving this move higher. 🛎️ Now, smash that like button if you found this helpful, and subscribe for more trade ideas.
Long
by TradingPrompts