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GBPJPY trade ideas

GBPJPY Bullish Breakout Setup – Eyes on 195.000+Structure: Symmetrical Triangle inside Bullish Channel Analysis: GBPJPY is currently compressing within a symmetrical triangle formation after a strong bullish rally. Price has pulled back and is respecting the ascending channel and trendline support around 193.900. MACD is flattening, suggesting potential build-up before the next push. We are watching for a bullish breakout of the triangle, with confirmation via a strong candle close above 194.200 and EMA cross to the upside. ⸻ Trade Plan: Entry: Above 194.200 on strong bullish breakout candle (23min or 1H confirmation) Stop Loss: 193.700 (below triangle structure and trendline support) Take Profit Targets: • TP1: 194.667 (recent high + trendline intersection) • TP2: 195.000 (psychological resistance + channel top) • TP3: 195.500 (extension play if momentum builds) Risk/Reward: Approx. 1:2 to 1:3 depending on entry execution ⸻ Confirmation Factors: • Triangle consolidation nearing breakout point • Bullish channel still intact • MACD showing flattening / crossover setup • Price respecting 50/144 EMA zones ⸻ Invalidation: If price breaks below 193.700 and fails to hold the ascending structure, bullish bias is off the table for now.
Long
by AutoMarkets
GBPJPY Trade Idea – Eyeing Short from 194.100We’re monitoring the 194.1 level for potential short opportunities. While buyers have been in control, momentum is beginning to show signs of slowing down, suggesting the current uptrend may be running out of steam. Price is starting to form a potential top near a key resistance zone. If this level holds, we could see a pullback in the coming session Our approach? Look to sell into strength—specifically around the 194.1 resistance, which aligns with our custom zone. As always, we’ll wait for confirmation and let the market lead. This is a short bias with caution—if price breaks and holds above, we’ll step aside.
Short
by Eleazarahmath
5
GBP/JPY: Bullish Momentum Builds Near Key ResistanceThe GBP/JPY market is currently developing an ABC pattern, with point C forming near the 196.000 level. Recently, the price broke above both a downward trendline and the 194.000 support, signaling a potential shift in momentum. At present, the pair is testing last week’s high, which aligns with the 195.000 psychological level. A strong bullish candle has emerged on the daily chart, indicating growing bullish pressure. The market may enter a consolidation phase around this level before attempting a breakout above the previous week’s high. The next target is the resistance zone at 195.750
Long
by RTED_Investing
Lingrid | GBPJPY trend CONTINUATION Following a BreakoutThe price perfectly fulfilled my last idea . It hit the TP level. The overall FX:GBPJPY price action is forming an ABC move, with the C point completing around the 196.000 level. Recently, the price broke and closed above both the downward trendline and the support level at 194.000. Currently, it is testing last week's high, which coincides with the psychological level of 195.000. On the daily timeframe, a big bullish candle has formed, indicating bullish dominance. I believe the price may create a range zone at this level before continuing higher and potentially breaking out of the PWH. My goal is resistance zone at 195.750 Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
Long
by Lingrid
1
GBPJPY Will Go Higher! Buy! Here is our detailed technical review for GBPJPY. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 193.677. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 194.756 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. 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
GBPJPY SHORTS IDEAYesterday we fulfilled targeting 195.000 and esp the prev weekly high level. So today, during any session or both London & New York session I wanna see the market melt to the downside. Reason being, the draw on buy-side liquidity was fulfilled and for those who did not take their t.p's @ that high could maybe get stopped out. Another theory is that whoever would have bought above prev weekly highs would have their stop losses down there. I do not have an entry yet but stay tuned, hit that boost button and follow for more updates I'ma share my entry as updates to this original idea
by gachihi
1
Good BUY Opportunity GBPJPYThis morning, we observed a notable increase in retail short positions across multiple timeframes, clearly diverging from the rolling averages. This shift in sentiment aligns with a symmetrical triangle breakout to the upside. Currently, the price is making a minor pullback to retest the triangle’s upper boundary—a setup we definitely want to take advantage of. Our stop-loss is placed just below the second higher low at 190.50, protecting the trade structure. The target is set at the full amplitude of the triangle breakout. We'll continue monitoring retail sentiment for additional confirmations, with the intention to gradually increase the long position if conditions remain favorable.
Long
by bambarcapital
GBPJPY LONG IDEASo, if you have followed my updates, I have a strong bias of where I expect the pound yen to deliver price. I'm not saying that it'll do just that today or maybe even next week, but its the draw on liquidity with IPDA that invites me in. Cutting to the chase, I'm looking for an area where might be a good institutional support level and then take the shot. It might be a OSOK( One shot one kill) model or not, but that's my view. Follow for more updates, hit that boost and share you comments below
by gachihi