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GBPJPY trade ideas

GBPJPY Will Explode! BUY! My dear followers, This is my opinion on the GBPJPY next move: The asset is approaching an important pivot point 190.70 Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 191.37 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Pound-yen’s losses continue amid high volatilityDespite mostly positive data from the UK recently considering the circumstances, the yen remains relatively strong against the pound compared to much of the last quarter. Demand for havens is still high as trade wars between the USA and various other countries continue while participants widely expect the Bank of Japan to continue hiking rates moderately this year. Pound-yen is normally among the most volatile forex majors but instability has been particularly high over the last few months compared to most of 2024. ¥185 seems to be a very strong zone of demand based on performance in the third quarter of 2024, but before that around ¥187.20 there seems to be a significant support which could resist testing. There’s no clear signal now from the slow stochastic, which is closer to neutral than overbought. The value area between the 50 and 100 SMAs, ¥193-194, could be an important short-term resistance. The absence of top-tier data affecting GBPJPY in the next few days makes picking a position here more challenging, so waiting for confirmation of a break or bounce from ¥189 might make sense. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
Trading minute impulseOn the minute timeframe of GBPJPY at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Short
by syomking76418
GBP/JPY - Bullish Reversal from Key Support📈 Trade Idea: Long GBP/JPY Analysis: Price has rejected a key demand zone, showing a strong reaction off support. The long wick and bullish rejection indicate buyers stepping in. This aligns with a potential reversal trade, aiming for a retest of the previous supply zone. Trade Plan (Based on Chart Setup): 🔹 Entry: 189.744 (Rejection from support) 🔹 Stop Loss: 189.422 (Below candle's body) 🔹 Take Profit: 190.388 (Fixed at 2R) Risk/Reward: ✅ Stop Loss: 32pips ✅ Take Profit: 64 pips ✅ Risk-Reward Ratio: 1:2 Why this trade? ✔️ Strong bullish rejection from demand zone ✔️ Liquidity grab below lows before push-up ✔️ Targeting previous resistance/supply zone 📌 Looking for follow-through momentum toward the upside.
Long
by riojulianprt62512
20 February As of February 20, 2025, the British Pound to Japanese Yen (GBP/JPY) currency pair has exhibited notable volatility. Recent technical analyses suggest a potential downward movement, though caution is warranted due to mixed signals. Technical Analysis: Gbpjoy broke structure heading to the downside , showing or proving change of direction on a hour timeframe to be precise . A bullish retracement is expected since there's a lot of imbalance that gj left . I used my fib to predict the psychological levels that gj might retrace to . Fundamental Analysis: Monetary Policies: The Bank of England (BoE) and the Bank of Japan (BoJ) maintain divergent monetary stances. The BoE's relatively hawkish approach contrasts with the BoJ's continued ultra-loose policy, which traditionally supports GBP strength against JPY. Economic Indicators: Recent data indicates a contraction in UK retail sales by 6.9% in September 2022, reflecting economic challenges. In contrast, Japan's National Consumer Price Index (CPI) for March showed a modest increase of 0.2% monthly, with a 0.2% annualized decrease, suggesting persistent deflationary pressures. Market Sentiment: The GBP/JPY pair is sensitive to global risk sentiment. Increased market volatility or geopolitical tensions often lead investors to seek safe-haven assets like the JPY, potentially exerting downward pressure on the pair. Conversely, improved global economic outlooks may favor GBP appreciation.
Short
by Richard_Tsupane
GBP/JPY - 1H Analysis & Trade Setup📉 GBP/JPY - 1H Analysis & Trade Setup 🔹 Market Structure & Key Levels: ✅ 193.027: Recent swing high, major resistance. ✅ 190.63 - 190.85: Fibonacci retracement zone (0.5-0.618), potential short entry. ✅ 187.510: Key downside target. ✅ 185.944: Next major support if bearish momentum continues. 📊 Trade Plan: 🔹 Price is in a clear downtrend after a Break of Structure (BOS). 🔹 Expect a pullback towards 190.63 - 190.85 (Fibonacci golden zone). 🔹 If rejection occurs in this zone, a sell setup targeting 187.510 is valid. ⚠ Confirmation Needed: ✅ Bearish rejection at 190.63 - 190.85. ✅ Bearish candlestick patterns (engulfing, pin bar, etc.). ✅ Confluence with supply zone & BOS. #fxforever #GBPJPY #SmartMoney #PriceAction #LiquidityHunt #ForexTrading #SMC
Short
by FXFOREVER_87
GBP/JPY Triangle Pattern (14.2.25)The GBP/JPY Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 189.83 2nd Support – 188.42 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Short
by KABHI_TA_TRADING
16
GBPJPY H4 I Bullish Bounce Off the 61.8%?Based on the H4 chart analysis, we can see that the price is currently at our buy entry at 189.33, which is a pullback support that aligns with the 61.8% Fibonacci resistance. Our take profit will be at 190.69, which is a pullback resistance. The stop loss will be placed at 188.11, below the 78.6% Fibonacci retracement. 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 (fxcm.com/uk): 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 (fxcm.com/eu): 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 Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘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 FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
4