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GBPJPY trade ideas

GBPJPY Is Very Bullish! Long! 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 key horizontal level 190.065. Considering the today's price action, probabilities will be high to see a movement to 191.727. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBP/JPY - Preparation for the Interest Rate Hike on Friday - BOJHi guys , we would be looking in a shorter term trade on the GBP/JPY looking to chase at least 100 pips in a down turn , we have a positive expectation that the Bank of Japan would hike the interest rate on Friday from 0.25 to 0.50. I do agree that 25 basis points isnt a lot , but in a status that it took BOJ two years of sitting on negative interest rate to finally start balancing their sheets and looking to increase it, would give a positive approach into a better stability for the Japanese economy and more specifically the Japanese Yen! Entry: 191.00 Target: 189.800 As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
Short
by DG55Capital
Ghost Traders FX GBP/JPY Bearish Trend Forming [SHORT]With the BOC about to make an interest rate decision change not seen since the 2008 financial crisis, it really does leave the market to guess... are we going to see another HUGE drop like we did in July last year. Bearish structure looks to be forming, but could still see a sweep above before continuing down, alternatively if price puts in a new low I believe it's much more profitable for big money to send this to 178.75 before the potential of a long-term bull trend continuing. Trade Record for GTFX stands at 126 wins, 17 breakevens, 7 losses with a 94%+ W/R & +2670 pips gained. Best of luck to everyone.
Short
by GTFX_Trading
GBPJPY📊 GBP/JPY 2H Chart Analysis & Signal 📊 The pair has faced rejection from the 191.252 resistance level, indicating a bearish sentiment. If price sustains below this zone, a further drop is expected toward lower support levels. Trade Setup: 🔹 Sell Zone: 190.700 - 191.252 🔹 Take Profit Targets: TP1: 190.326 TP2: 188.536 TP3: 187.000 🔹 Stop Loss: 191.252 (Above resistance) 🔹 Entry Confirmation: Wait for a clear rejection or bearish confirmation around the resistance zone before entering the trade. ⚠️ Risk Management: Always secure profits using break-even levels once the trade moves in your favor.
by FOREXQUEEN_1
Elliott Wave View on GBPJPY Looking to Extend Lower in Wave 5Short Term Elliott Wave view in GBPJPY shows the decline from 12.30.2024 high is in progress as a 5 waves impulse. Down from 12.30.2024 high, wave 1 ended at 195.72 and wave 2 rally ended at 198.25. Pair has resumed lower in wave 3 towards 190.06 as the 30 minutes chart below shows. Wave 4 unfolded as a zigzag Elliott Wave structure. Up from wave 3, wave ((a)) ended at 192.91, wave ((b)) ended at 191.46 and wave ((c)) ended at 193.05. This completed wave 4 in higher degree. Pair has turned lower in wave 5. Down from wave 4, wave (i) ended at 191.21 and wave (ii) ended at 192.4. Wave (iii) lower ended at 189.6 and wave (iv) ended at 190.2. Final leg wave (v) ended at 189.323 which completed wave ((i)) of 5. Pair corrected higher in wave ((ii)) with internal subdivision of a double three. Up from wave ((i)), wave (w) ended at 190.61 and wave (x) ended at 189.87. Final leg wave (y) ended at 192.01 which completed wave ((ii)) in higher degree. Near term, as far as pivot at 193.05 high stays intact, expect pair to extend lower.
by Elliottwave-Forecast
A SELL IDEA ON GBPJPYA follow up on my last analysis on GBPJPY, we see The Beast getting ready for a further bearish move. The pair has been on a higher high/higher low correction move and currently failed to create a higher high and has tanked below the last higher low thereby giving us a confirmation that the bullish correction move might be over. Also we see the break of the current bullish trendline giving us a double confirmation. We now patiently wait for our entry confirmation which is a pullback to the 61.8fib level. With that we jump right in for a sell and go for a 1:5.66RRR with Stop loss around the 192 area and take profit at the Daily Area of Focus around the 188.200 price.
Short
by KAYCEEFX1
Potential bearish reversal?GBP/JPY is rising towards the resistance level which is a pullback resistance that aligns with the 78.6% Fibonacci retracement and could drop from this level to our take profit. Entry: 192.22 Why we like it: There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement. Stop loss: 193.80 Why we like it: There is a pullback resistance level that lines up with the 50% Fibonacci retracement. Take profit: 190.37 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
GBPJPY SHORT TRADE PLAN (High Probability) ICMARKETS:GBPJPY 🔥 GBPJPY SHORT TRADE PLAN (High Probability) 📍 Scenario 1: Liquidity Grab at 192.00-192.50 ➡ Best Short Entry if Price Spikes & Rejects This Level ✔ Entry: Below 191.80 (only after bearish rejection). ✔ Stop Loss (SL): Above 192.30 (safe from stop hunts). ✔ Take Profit (TP1): 190.50 (first demand zone). ✔ Take Profit (TP2): 189.50 (deeper retracement). ✔ Take Profit (TP3): 188.80 (institutional demand zone). 🎯 Risk-Reward: 1:3 to 1:5 📍 Scenario 2: Break & Close Below 190.80 ➡ If Price Fails to Reach 192.00 and Instead Breaks 190.80, We Short ✔ Entry: Below 190.80 (after H1/H4 candle close below). ✔ Stop Loss (SL): Above 192.30 (keeping it safe). ✔ Take Profit (TP1): 190.00 (first liquidity grab). ✔ Take Profit (TP2): 189.50 (continuation drop). ✔ Take Profit (TP3): 188.80 (deep demand zone). 🎯 Risk-Reward: 1:3+ on clean execution. 🛑 DO NOT Enter Randomly Wait for a strong rejection at 192.00-192.50 OR Wait for a confirmed break below 190.80 🔥 FINAL VERDICT (What I’d Do Personally) 1️⃣ If price spikes to 192.00-192.50 & rejects → I’m shorting 2️⃣ If price breaks below 190.80 & retests → I’m shorting 3️⃣ If price stays in between (191.00-191.80), I do NOTHING.
Short
by jibkhan111
GBP/JPY Bearish Channel (20.01.2025)The GBP/JPY Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Channel Pattern. This suggests a shift in momentum towards the downside in the coming hours. FX:GBPJPY Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 188.64 2nd Support – 188.00 🎁 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
23