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GBPJPY trade ideas

Bullish bounce?GBP/JPY is reacting off the pivot which acts as an overlap support and could rise to the 1st resistance. Pivot: 191.22 1st Support: 190.49 1st Resistance: 192.46 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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. IC Markets 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.
Long
by ICmarkets
GBP/JPY SELLERS WILL DOMINATE THE MARKET|SHORT Hello, Friends! We are going short on the GBP/JPY with the target of 186.545 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. 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 COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
GBPJPY Macro viewThis was actually yesterday's setup but i have carelessly forgotten to post it up on tradingview platform. Anyhow ; I am currently selling from my reversal price on 161 Fibo with a confirmation of Candlestick pattern on H1 tf. Currently running for 100 pips on the dot. Will monitor it closely once the price touches either one of my buying zones. The major direction for this pair, I am aiming for a bullish major turn. Hence, if there's any buying opportunity, I will try my very best to participate & partial close the profits after they hit/touches my TP point on the Green lines.
by haziqhusainy
GBPJPY Price ActionHello Traders, As you can see, I have marked the liquidity levels on the left-hand side where a liquidity sweep has already occurred. Additionally, I have identified a new liquidity area where the price is expected to sweep next. I have also marked the take profit area. Furthermore, you can see other liquidity levels, which I have highlighted with circles. This pattern is also known as the QM Pattern or Head & Shoulders (HS) Pattern . Don't forget to manage your risk and protect your balance. Market structure repeats itself over and over again. Wishing you all the best and happy trading! Thank you.
Short
by SuvashishFx
2
GBPJPY BULLISH OR BEARISH? TRADE IDEAGBPJPY Trade Idea | 1H Timeframe Price recently tapped into a key supply zone / resistance trendline confluence, showing signs of a potential rejection from the liquidity grab area marked in yellow. 🔹 Liquidity Sweep above recent highs observed. 🔹 Price is reacting from the supply zone, indicating bearish intent. 🔹 Sell-side liquidity range marked below as potential target zone. 🔹 Expecting price to drop further toward 191.500 – 191.300 range after this minor pullback. 🎯 Entry: Around 192.400 🛑 SL: Above 193.300 ✅ TP: 191.300 – Risk-Reward ~3.5R A clean rejection setup after liquidity manipulation – following smart money concept. Let me know your thoughts below 👇 #GBPJPY #SmartMoneyConcept #LiquiditySweep #ForexAnalysis #PriceAction #SMC #ForexTrading #SupplyAndDemand
Long
by naumanfx_
GBPJPY is in the Down TrendHello 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
CHECK GBPJPY ANALYSIS SIGNAL UPDATE > GO AND READ THE CAPTAINThis chart shows a trading setup for the GBP/JPY currency pair on a 2-hour timeframe. Let’s break it down: Current Price: 192.330 Stop Loss (red zone): Set at 193.300 — if the price hits this level, the trade exits with a loss. Entry Zone: Around 192.600 — indicated by the gray box, suggesting the sell order was placed near this level. Take Profit 1: First target level below the entry, suggesting partial profit-taking. Take Profit 2: A lower target for further gains. Last Target: The final target at 190.500
Short
by Royalforexempire
1
GBP/JPY Key Resistance Breakout or Reversal?This chart is an analysis of the GBP/JPY currency pair on the 45-minute timeframe. Here's a breakdown of the key elements: Resistance Zone (Red Box): The price is currently testing a resistance zone around 192.500. A breakout above this level could lead to new highs. Breakout or Rejection? The text in the chart states: "if it breaks here then it will make new high," indicating a bullish bias if resistance is broken. There is a black circle marking the breakout area. If price breaks above and holds, it may continue upward (red arrow up). If rejection occurs, the price could fall back down (orange circle and red arrow down). Trendline Support (Blue Line): hello traders what are your thoughtson GBP/JPY. My Analysis. Price has been respecting an ascending trendline, indicating a short-term bullish trend. A break below this trendline could signal a trend reversal and move price lower. Demand Zone (Gray Box at the Bottom): If price fails to hold above resistance and breaks downward, the next potential support is the demand zone near 189.000. Possible Trading Scenarios: ✅ Bullish Case: If price breaks and holds above the resistance zone, it may continue to new highs (above 193.000). ❌ Bearish Case: If price rejects resistance and breaks the trendline, it may drop towards 189.000 support.
by KingProTrader
GBPJPY: Inverse Head and Shoulders PatternGBPJPY: Inverse Head and Shoulders Pattern In our previous analysis, GBPJPY was developing the right shoulder of the inverse head and shoulders pattern and has since reached the first target. The situation with the Bank of Japan (BOJ) remains confusing, as their actions have lacked clear direction. Over the past weeks, BOJ has intervened multiple times in the market, causing significant fluctuations in JPY pairs and resulting in many failed patterns. This volatility has been driven by President Trump's accusations of JPY manipulation due to its perceived weakness. Currently, GBPJPY has confirmed another pattern and appears poised for a short-term rise. If GBPJPY continues its bullish movement, it will encounter a strong resistance zone near 191.90. A breakthrough above this level will solidify the pattern, potentially driving GBPJPY further to 194.30 and 197.80 in the coming days. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by KlejdiCuni
5
GBP/JPY - Dragon & Cypher Patterns in Play! Welcome, traders! Today, we’re diving into GBP/JPY, where two powerful harmonic structures—the Dragon and Cypher patterns—are shaping the market structure. Let’s break it down: 🐉 Dragon Pattern - The Bullish Shift The market recently completed a Dragon pattern, marking a potential trend reversal from the previous bearish impulse. This pattern indicated buying pressure stepping in at key support, leading to a strong upward move. 🔶 Cypher Formation - A Brief Pause Before More Upside? Following the Dragon breakout, price action formed a Cypher pattern, with price currently hovering around its completion zone. A pullback here could act as a retracement before continuation, offering potential trade opportunities. 📈 Key Levels & Targets ✅ Cypher Target: Aligned with Fibonacci 23.6%, signaling the first area of interest. ✅ Dragon Target: The extended projection suggests an eventual move toward Fibonacci 2.618, completing a larger bullish sequence. 🎯 Trade Plan & Psychology A minor pullback is expected before price resumes its bullish momentum toward higher targets. Risk Management: A stop below the Cypher structure helps manage risk, ensuring protection against any unexpected reversals. Patience is key! Let the market confirm the move before committing to a position. 🔥 If the structure holds, we could see a strong continuation to the upside. Stay disciplined and trade the plan! Let me know your thoughts in the comments. Happy trading! 🚀📊
Long
by TradeChartPatternsLikeThePros
7
WHY GBPJPY BULLISH, DETAILED ANALYSIS GBPJPY is currently trading at 192.200 after successfully breaking out of a falling wedge pattern, a strong bullish reversal signal. This technical breakout suggests the pair is set for a significant upside move, with a potential target of 195.000 and beyond. The falling wedge is known for its bullish implications, indicating that sellers are losing control while buyers are stepping in with increased demand. If momentum continues, we could see a gain of over 500 pips in the coming sessions. From a technical perspective, GBPJPY has cleared key resistance levels and is now forming a strong bullish structure. A retest of the breakout zone around 191.500-192.000 has already provided support, reinforcing the likelihood of further upward movement. The next major resistance lies at 194.000, followed by 195.000, which aligns with key Fibonacci retracement levels and previous price action zones. If buyers maintain control, a push towards 196.000 and beyond is also possible. Fundamentally, GBPJPY remains bullish due to the policy divergence between the Bank of England (BoE) and the Bank of Japan (BoJ). The BoE's firm stance on interest rates, coupled with the BoJ’s continued ultra-loose monetary policy, favors a stronger GBP against the JPY. Additionally, risk sentiment plays a crucial role in GBPJPY's movements, and with equity markets showing strength, the yen's safe-haven appeal weakens, further boosting the bullish case for this pair. With both technical and fundamental factors aligning, GBPJPY presents a strong buying opportunity. Traders should watch for a sustained move above 193.000 for confirmation of further gains, with the potential to reach 195.000 and beyond. A breakout continuation could trigger even stronger bullish momentum, making this a high-probability setup for traders looking to capitalize on the trend.
Long
by AndrewsMarket-Mastery
8