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GBPJPY trade ideas

This is a divergence cheat sheet showing how to identify and intGreat — now we’re looking at a full reference chart that summarizes all four types of divergence using price action vs RSI. It’s super well-organized. Let me break it down for you clearly: 📊 WHAT THIS ILLUSTRATION REPRESENTS: This is a divergence cheat sheet showing how to identify and interpret: 🔁 Regular Divergence (signals a potential reversal) Regular Bullish Divergence (bottom right) Price: lower lows RSI: higher lows 🔁 Reversal to the upside possible (after a downtrend) Regular Bearish Divergence (top center) Price: higher highs RSI: lower highs 🔁 Reversal to the downside possible (after an uptrend) 🔄 Hidden Divergence (signals trend continuation) Hidden Bullish Divergence (bottom left) Price: higher lows RSI: lower lows 🔄 Suggests uptrend will continue after a pullback Hidden Bearish Divergence (top right) Price: lower highs RSI: higher highs 🔄 Suggests downtrend will continue after a pullback 💡 Summary Table: Type Price Pattern RSI Pattern Interpretation Regular Bullish Lower Lows Higher Lows Reversal to upside Regular Bearish Higher Highs Lower Highs Reversal to downside Hidden Bullish Higher Lows Lower Lows Continuation uptrend Hidden Bearish Lower Highs Higher Highs Continuation downtrend
Education
by youraa
3
GBPJPY - Sell Opportunity Following Resistance Test?Based on the 4-hour chart of GBP/JPY, the pair has been consolidating within a range after a significant decline from the 195.00 area. The currency is currently testing resistance around the 189.00 level, marked by the blue highlighted zone. We anticipate a temporary break above this consolidation zone as price completes a correction, which would offer an attractive selling opportunity. Traders should watch for price action confirmation after the break above the zone before entering short positions, as the broader trend appears to remain bearish. 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
Buy-the-Dip Setup on GBP/JPY with Target at Previous HighGBP/JPY is currently trading at 188.85, within a corrective move but still preserving its bullish structure, as long as price remains above the 178.00 support floor. The zone between 184.57 and 178.03 marks a strong weekly demand area, which aligns with previous consolidation and demand before impulsive moves. The price is below the Ichimoku cloud (Span A: 190.90, Span B: 192.93), indicating short-term bearish momentum. However, this could simply be a retracement within a larger bullish trend, especially since the market has not yet broken structure to the downside. Trend Strength Index (TSI) readings show a clear loss of momentum: TSI(10): -0.62 TSI(20): -0.56 These values are near oversold levels, increasing the likelihood of a bullish reversal, especially within a key demand zone. Liquidity above recent local highs may serve as fuel for a breakout if bulls reclaim key levels near the cloud base. If price confirms support at 184–178, the bullish setup targets a return to the previous swing high at 208.11. This would offer a highly favorable risk-to-reward ratio, with the invalidation clearly placed below 178.00. Trade Setup Summary: Long Entry Zone: 184.57 – 178.03 Stop Loss: Below 178.00 Target: 208.11 (previous high) Structure Bias: Bullish above 178.00 The British pound remains relatively strong as the Bank of England signals caution before cutting rates, contrasting with Japan's ultra-loose monetary policy. While the yen remains fundamentally weak, there is always potential for temporary JPY strength due to risk-off flows. However, unless the BoJ surprises with policy shifts, GBP/JPY continues to favor upside on both structural and macroeconomic grounds. Disclaimer: This content is for educational and informational purposes only. It does not represent financial advice or a recommendation to buy or sell any financial instrument. Trading involves risk, and you should only trade with money you can afford to lose.
Long
by SupertradeOfficial
Lingrid | GBPJPY short-term BULLISH move from the SUPPORTThe price perfectly fulfilled my last idea . FX:GBPJPY price is making higher low and higher highs showing bullish trend on the 1H timeframe. The market seems to be moving sideways below the psychological level at 190.000, which means that the market may retest the zone above it because the prices tend to consolidate at key levels before the breakout. Furthermore, the price moved above the previous month's low after massive sell off in the market. I think the price may spike upward to retest the trendline and previous week high. My goal is resistance zone around 190.000 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
5
THOUGHTS ON GBP/JPYGBP/JPY 1H - With this market we have seen price break structure to the upside after price traded down and into the area of interest we have marked out below, this tells us enough Demand has been introduced. Enough Demand has been introduced to flip the S&D balance in doing so it gives price a new direction to trade in. Since we have seen price do this we have seen that price has continued to respect areas of Demand, giving us further confluence to suggest bullishness. I have gone ahead and marked out an area of interest I would have liked price to trade down and into, giving us the opportunity to get involved in this market with a refined entry. It seems as though there is enough Demand in the market already though. Should price correct itself deeper, we may see a penetration of this zone and this is where I would be looking to get involved in this market with long positions. As you can see though price looks to be setting a new move to the upside, I will be waiting for further confluence before I get involved at all.
Long
by Lukegforex
GBPJPY Bullish Continuation Case StudyTo share the GBPJPY case study, where I only took +1RR from +2RR possible return. Reason: 1. Price moved from downtrend to uptrend 2. Demand with huge bullish candle after it (imbalance above demand) not yet re-test 3. Multiple supports above demand zone 4. Price tapped to demand zone, looks aggressive but demand was strong enough to hold and price bounces from it This is textbook setup, targeting 2RR from this setup is achievable. Please do not trust me! I do not have big capital to support my statement. One thing is certain is that, if you trade one setup or strategy, and collect data and watch how it work, you can achieve a profitable trading journey.
Education
by josephtading
DeGRAM | GBPJPY Broke Down Triangle📊 Technical Analysis GBP/JPY continues to move within a triangle, staying below the 189 level. The 189.00 level remains a strong ceiling; rejection here signals continued downside. If pressure holds, price may retest support around 184.75. ✨ Summary Technical weakness + soft UK data + JPY strength = bearish setup. Below 189.00, GBP/JPY may target 184.35. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
5
GBP/JPY: Poised for Gains Above 189.15GBP/JPY gained slightly after forming a minor bottom around 187.46. It hits an intraday high of 189.03 and is currently trading around 188.94. Intraday trend is bullish as long as support 186.50 holds. The GBP/JPY pair is trading above 34 and 55 EMA (Short-term) and below 200 EMA (long term on the 15-min chart, confirms a bullish trend. Immediate resistance is at 190,a breach above this level targets of 191/191.75/192.30/193. Downside support is at 188 with additional levels a 188.45/188/187.46/187.10/186.45. Market Indicators CCI (50)- Bullish Directional movement index - Bullish Trading Strategy: Buy on dips It is good to buy above 189.15 with SL around 188.40 for a TP of 192.
Long
by FxWirePro
GBP/JPY Structure Analysis (H4)Let’s break this GBP/JPY chart down and walk through it step by step, based on price action and structure. 👇 🧠 1. Current Structure Analysis (H4) • Support zone (blue box): Very clean and respected. You’ve marked that demand zone well—from around 185.20 to 186.50, and price has already reacted multiple times. • Rejection wicks: Recent candles show strong wicks rejecting from that zone—classic accumulation behavior. • Double bottom / fakeout: There’s also a fakeout below the zone that immediately got bought back up. That’s a bullish signal—liquidity sweep followed by aggressive buying. 🔍 2. What’s Happening Now? • Price bounced from demand and is now retesting that breakout region around 188.00. • But we’re not seeing a higher high yet, just some consolidation. ✅ Is There a Buy Entry? Yes—but not right this second. You want to wait for confirmation, unless you’re playing a deep swing from the bottom. 🔹 Buy Scenarios: 1. Safer Buy: • Wait for a bullish break above 188.80–189.00, then catch the retest of that broken resistance. • That’s your confirmation of a shift in structure. 2. Aggressive Buy (if you’re a sniper): • You can buy on a retest of 186.80–187.00, only if: • Price prints a bullish engulfing or strong rejection candle there. • RSI divergence or volume spike confirms strength. 🎯 Targets: • First: 189.20 • Second: 191.20 (previous structure highs) • Stop loss: below 185.00 ❌ Is There a Sell Entry? Right now, selling is riskier because: • You’re in a bullish reaction zone. • Bears had their chance with the drop, but bulls defended the zone hard. Only consider selling if price fails at 188.80–189.00 with strong bearish rejections and returns back inside the range. Then it might target 186.50 again. ✍️ My Take No rush. Let the structure guide you. If we break 188.80 cleanly, I’m buying the retest. Your zone is gold. Let price come to you.
Long
by ThizizAlex
GBP/JPY testing critical zoneThe GBP/JPY is testing a critical resistance area between 189.20 to 190.00. For as long as this area holds as resistance, the path of least resistance remains to the downside. Should the selling resume from here, we could see the Guppy trade down to test the key support range between 185.00 to 186.00 again. However, if the GBP/JPY breaks decisively above the 189.20 to 190.00 range, then that could potentially pave the way for a short-squeeze rally towards the next major resistance in the 193.00 to 194.20 range, where we also have the 200 day MA converging. By Fawad Razaqzada, market analyst with FOREX.com
by FOREXcom
GBP/JPY Bearish Reversal Setup–Eyeing Breakdown from Supply Zone1. Supply Zone (Resistance Area) 🟦 Supply Zone: Located around 189.500–190.000 🔺 Price got rejected here multiple times — strong selling pressure. 2. Ascending Trendline Support 📈 Trendline connecting higher lows (marked with yellow dots) 🟡 Support tested multiple times, acting as a rising wedge structure. 3. EMA (7) — Exponential Moving Average ⚫️ EMA (black line) is currently near price — indicating short-term trend stalling. 4. Bearish Breakout Setup 🔻 Anticipated price drop shown with red/orange arrows 📉 If price breaks below trendline: 🎯 Target Point: 186.600 ⬇️ Expected drop: ~1.51% 5. Price Movement Outlook 🔁 Possible minor pullback before breakdown ⛔️ Bearish signal increases if the trendline fails. Summary (with emojis): 📍 Entry Idea: Short near resistance zone (189.500–190.000) ⛓ Trigger: Break of trendline support 🎯 Target: 186.600 ⚠️ Stop-loss: Above 190.000 (above supply zone)
Short
by Jameshead007
12