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British Pound / Japanese Yen

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GBPJPY trade ideas

GBPJPY TREND 📈 GBPJPY – Bullish Breakout | Long Setup Active 🇬🇧💴 GBP/JPY is showing a clear bullish structure on the 1H chart. Price has broken above a key resistance zone and reclaimed the 200 EMA with strong momentum and volume. This marks a potential trend reversal and the beginning of an uptrend. 🔹 Entry: 193.400 🔹 Stop Loss: 192.935 (below recent support) 🔹 Take Profit: 195.720 🔹 Risk/Reward: Solid R:R setup 🔹 Confirmation: EMA flip + bullish engulfing candle + strong volume Looking for a minor pullback to the breakout zone for continuation. Bullish bias remains valid as long as price stays above 193.000. 📊 #GBPJPY #Forex #TradingSetup #PriceAction #TechnicalAnalysis #FXTrading #BreakoutTrade #EMA200 #Bullish #JPY #BritishPound #TrendReversal
Long
by washbismarck
GBPJPY - Correction Likely as New Week BeginsThe GBP/JPY chart shows a strong recovery from April lows near 185.00, but the pair now appears to be facing significant resistance at the highlighted box level around 193.50. After multiple attempts to break decisively above this zone in recent sessions, the price action is forming what looks like a short-term double top pattern, with the downward arrow indicating potential bearish momentum. This technical setup, combined with overbought conditions after the impressive rally from late April, suggests we may see some profit-taking and a corrective pullback in the beginning of the week. Traders should watch for a potential retracement toward the support level around 191.00-190.50 before the pair potentially attempts another run at the resistance zone. 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
#GBPJPY | +300 Pips In — Eyes on 194 Breakout"GBPJPY continues to respect a strong bullish structure, bouncing cleanly from the 190.200 demand zone with over +300 pips in upside movement. The pair is now consolidating below the 194.00 resistance — a key level to watch for a potential breakout that could trigger the next leg toward 197.00 and 200.00. This setup aligns with higher-timeframe bullish momentum, ascending trendline structure, and strong support zones. Ideal for swing traders looking for mid-term opportunities with defined risk and reward. Follow for clean, structured setups focused on momentum and price action.
Long
by Aser_Hosary
GBP-JPY Free Signal! Sell! Hello,Traders! GBP-JPY is trading in an Uptrend and the pair is once Again about to retest a horizontal Resistance level of 193.665 So despite our bullish bias We will enter a local short trade On Monday with the Take Profit Of 192.946 and the Stop Loss Of 193.799 which is slightly Above the upper bound of The wide supply area Sell! Comment and subscribe to help us grow! Check out other forecasts below too! 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 TopTradingSignals
1
GBPJPY is Holding above the Support , All Eyes on BuyingHello 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
Long
by ForexMasters2000
GBPJPY BULLISH OR BEARISH DETAILED ANALYSISGBPJPY is currently trading near 190.80 and is forming a significant breakout structure on the 3-day chart. After months of consolidation under a descending trendline, the pair is now coiling tightly, signaling a potential bullish breakout. The pair has respected the lower support range near 183.70 while pushing up against descending resistance multiple times. This squeeze pattern often precedes a major directional move, and with bullish momentum building, GBPJPY could be primed for a rally toward the 210.00 zone. Fundamentally, the British pound is finding strong support from the latest hawkish commentary by the Bank of England, which has hinted that inflation remains sticky, keeping rate cut expectations delayed. On the other hand, the Japanese yen remains under consistent pressure due to the Bank of Japan's ultra-dovish stance and yield curve control policies. The BoJ’s reluctance to shift its policy outlook, coupled with soft macro data from Japan, is weakening the yen across the board. Technically, a breakout and close above the descending trendline around 194.00 will be a key confirmation point. If this happens, bulls could dominate and push GBPJPY toward the 210.00 resistance zone in the medium term. The R\:R on this setup remains favorable with stops safely tucked below 183.70, giving this trade strong upside potential. This pair is currently one of my top watchlist setups for May as both the technical and fundamental landscapes align. With bullish sentiment driving GBP strength and JPY weakness being a prevailing macro theme, GBPJPY could deliver a powerful upside continuation if the breakout confirms.
Long
by AndrewsMarket-Mastery
3
GBPJPY Bullish Breakout – Watch for Momentum Towards 194.60GBPJPY has broken out of a descending wedge and is now retesting the breakout zone near 189.50–189.80. This area aligns with previous structure support and the wedge's upper boundary. Price action indicates bullish momentum is resuming. 🔑 Key Levels: Current Price: 189.66 Breakout Level: ~189.50 Resistance Targets: TP1: 190.55 (recent resistance high) TP2: 192.57 TP3: 194.61 (key supply/weekly resistance zone) ✅ Bullish Confluence: Breakout from falling wedge pattern Strong retest of breakout zone with consolidation Higher low formation and bullish engulfing attempt No major resistance until 190.50, providing clean upside 🧠 Fundamental Context: CBI Report (UK): Sentiment and investment outlook among UK manufacturers is deteriorating, but the pound has shown resilience likely driven by broader risk-on market sentiment. BOJ Outlook (Japan): IMF suggests BOJ is likely to delay further rate hikes due to global uncertainty from US tariffs, maintaining a dovish bias. This weakens the yen’s fundamental strength. Market Mood: With Japan facing delayed policy tightening and UK's inflation still above target, GBPJPY favors the bullish case in the short term. 💡 Trade Idea: Bias: Bullish above 189.30 Entry: On retest confirmation around 189.50 Target 1: 190.55 Target 2: 192.57 Target 3: 194.61 Stop Loss: Below 188.80 📌 Note: Keep an eye on US data and BOJ tone shifts. Any risk-off shift in global markets could affect yen strength unexpectedly.
Long
by ultreosforex
16
GBP/JPY Bullish Setup – Dow Theory ConfirmationAccording to Dow Theory, the GBP/JPY pair is currently forming a consistent series of Higher Highs (HH) and Higher Lows (HL) — a strong indication of an ongoing bullish trend. To capitalize on this trend continuation, we are placing a Buy Stop order. If the price breaks above the previous HH, it will confirm the bullish momentum, and we’ll execute the trade based on the levels below: 📊 Trade Parameters: Pair: GBP/JPY Trend: Bullish Entry Point (Buy Stop): 193.557 Stop Loss (SL): 192.276 Take Profit 1 (TP1): 194.838 ✅ (1:1 Risk-Reward) Take Profit 2 (TP2): 196.119 ✅ (1:2 Risk-Reward) Lot Size: 0.11 Risk: $200 Potential Reward: $300 🧠 Strategy: We will open two trades: First trade will target a 1:1 risk-to-reward ratio Second trade will aim for a 1:2 risk-to-reward ratio This approach allows early profit booking while giving space for extended gains if the bullish breakout continues. #GBPJPY #ForexSignals #BullishTrend #DowTheory #BreakoutTrade #RiskReward #TechnicalAnalysis #BuySetup #TradingView
Long
by asimafridi
DeGRAM | GBPJPY Formed a Falling Wedge📊 Technical Analysis ● Clean breakout above the 190.3 –191.3 demand zone and retest of the grey downtrend line sets a bullish base. ● The small falling wedge points to horizontal resistance at 193.5. 💡 Fundamental Analysis ● BoE minutes reveal a hawkish tilt, cementing a wide UK–Japan yield gap as markets push back rate-cut bets . ● BoJ stays ultra-dovish: April CPI slowed to 2.3 % YoY, keeping the yen soft against higher-yielding currencies . ✨ Summary Demand-zone hold + hawkish BoE/dovish BoJ underline a short-term long bias: targets 193.5 → 196; invalidation on a close below 190. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
13
GBPJPY SHORT FORECAST Q2 W19 D9 Y25GBPJPY SHORT FORECAST Q2 W19 D9 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📝 ✅Weekly order block rejection ✅Daily order block rejection ✅Intraday 15' order blocks ✅Tokyo ranges to be filled 🔑 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