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GBPJPY trade ideas

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 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 intra-day Analysis 14-May-25Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
GBPJPY 230 pip up?GBPJPY Multiple timeframe analysis and possible trade setup : Monthly : Sharp rejection from a long term monthly support after a false breakout Weekly : Previous week candle close with bullish pin bar and possible bounce back to the monthly high Daily : There was daily support false breakdown @190 level then return back up with strong momentum 4H : Possible trade setup, bullish on slight pullback to the downside, possible target @195.60 If you enjoy this analysis like and any questions do not hesitate to ask in the comments
Long
by ForexWizard01
GBPJPY The Target Is UP! BUY! My dear followers, I analysed this chart on GBPJPY and concluded the following: The market is trading on 193.32 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 194.72 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GBPJPY H4 | Bullish Bounce Off Based on the H4 chart analysis, the price is falling toward our buy entry level at 193.70, a pullback support that aligns close to the 50% Fibonacci retracement. Our take profit is set at 196.99, a pullback resistance. The stop loss is placed at 191.70 , a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by Tradu
GBP JPY SELL SET UP🔥 GBPJPY Sell Setup – Clean & Calculated 🔥 Here’s the play on GBPJPY 👇 🧠 Working off key resistance zones + multiple reaction points ⚠️ Trigger: A weak high lining up perfectly with validated resistance 🎯 Plan: 3 Entries: Top, Mid & Bottom of the zone Targeting the 2H Bullish Order Block for the exit Simple structure. Solid logic. No overcomplication. ⚖️ Risk Profile: Fully managed Starting with a clean 4:1 R:R High probability setup with a smart edge Let’s see how price respects the zone — discipline over emotion every time. 🧘‍♂️ 💬 Chart coming next. Drop your thoughts or ask questions in the group! #GBPJPY #ForexTrading #SmartMoneyConcepts #OrderBlocks #PriceAction #SellSetup #RiskReward #FundedTrader #TradingCommunity #LearnToTrade
Short
by PassivePips
1
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
GBPUSD - SHORTI'm currently holding a bearish bias on GBP/JPY, anticipating a short-term correction after recent overbought conditions. Price action shows signs of exhaustion, and I'm expecting a move downward to fill the Fair Value Gaps (FVG) left behind during the previous bullish impulse. Trade Rationale: Overbought Conditions: After a strong upside move, price has reached a zone where buyers are losing momentum, hinting at a potential reversal or pullback. Imbalance/FVG Zones: Clear inefficiencies exist below current price levels, and I expect the market to retrace to fill these imbalances as part of its natural rebalancing. Structure & Supply: The market is showing reaction near a significant supply zone, which could act as the catalyst for bearish continuation. Target Zones: TP1: First demand zone where minor support may form — partials can be taken here. TP2: Deeper demand zone aligned with previous consolidation — a high-probability area for price to react and potentially reverse or consolidate again. Risk Management: Stops are placed just above recent highs, invalidating the idea if the market breaks structure and continues bullish. The setup offers a favorable risk-to-reward ratio aligned with smart money concepts like imbalance fills and demand/supply reactions. 📉 Plan: Waiting for clear bearish confirmation (e.g., lower timeframe break of structure) before fully committing to the short position.
Short
by Forextify
GBPJPY DAILY ANALYSIS $$$OANDA:GBPJPY 1H : Bullish BOS + OB + IMB 15m : Bearish MSS + OB + IMB EXPECTION : The price is currently inside the 15-minute zone and if it confirms, I will definitely share it with you in private. Don't forget to follow and like. 1: The price will fall from here. With confirmation, of course, it is more likely because there is a gap at the bottom and the gap must be filled, but enter the sale with low risk because the trend is bullish in higher time frames. 2: If the 15-minute zone breaks and becomes bullish, we will wait for the price to retest for a buy trade.
by aryaaparsii