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British Pound / Japanese Yen

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GBPJPY trade ideas

Trading minute impulse On 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 Bears in Control: Here’s Why You Can’t Miss This SetupWhat’s going on, everyone? It’s January 16, 2025, and we’re back with an update on GBP/JPY. Let’s dive right into the action. In this update, we’re reviewing the trade we entered midweek and breaking down why we’re still bearish on the pound versus the yen. We’re seeing lower highs consistently forming on the higher timeframes, and volume suggests that the bears are firmly in control. While the 190.05 area remains a key level for a potential weekly breakdown, we’ve already locked in 164 pips on our first take profit from the earlier trade. Reentries were strategically placed based on CPI reactions and pullback confirmations. Targets remain set at 188.93, 188.01, and a possible extension to 187.19 if the momentum holds. With consistent lower lows and lower highs on the H1 and H4 timeframes, this trade is shaping up beautifully for those who stayed disciplined and followed the setup. This isn’t just about signals—it’s about understanding the why behind the trades and using volume and structure to guide the way. Want to see the exact setups, volume plays, and key levels? Watch now to catch the breakdown in detail, and don’t miss the live trade results, including a $17,000 GJ win we just closed! Make sure to boost, follow, and share this with your fellow traders!
Short
by BlueOceanFxAcademy
2
GBP/JPY H4 | Potential bearish breakoutGBP/JPY is falling towards a potential breakout level and it could drop lower from here. Sell entry is at 190.19 which is a potential breakout level. Stop loss is at 191.97 which is a level that sits above an overlap resistance, the 61.8% Fibonacci retracement and beyond a descending trendline. Take profit is at 188.46 which is a multi-swing-low support that aligns close to the 161.8% Fibonacci extension. 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 (www.fxcm.com): 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 www.fxcm.com Stratos Global LLC (www.fxcm.com): 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.
Short
by FXCM
SELL TREND in GBPJPY market (for more read captions)📉 GBPJPY Price Forecast 📉 GBPJPY has broken out of the ascending channel with strong bearish candles, confirming a downtrend. The price has also broken a strong support level and is expected to retrace to 194.50, where an order block is present. Once the retracement is complete, the pair is likely to resume its bearish move, targeting lower support levels. 🎯 Technical Target Levels: 194.50: Retracement level and entry zone. 192.10: First support level. 190.70: Next key support after breakdown. 188.50: Final technical target. 📌 Key Highlights: Ascending channel breakout confirmed. Retracement to 194.50 expected before continuation. Strong bearish momentum to drive the price toward targets. ✅ Stay Updated and Profitable! Like, comment, and follow for timely forecasts and trading insights. Don’t miss the next moves—trade smarter with precise updates! 🚀 📢 Join the community and profit together!
Short
by TrendLogic1
2
GBPJPYGBP/JPY, commonly known as “The Dragon” in forex trading, represents the exchange rate between the British pound (GBP) and the Japanese yen (JPY). It is a popular currency pair in the forex market, known for its high volatility and wide price swings, offering significant trading opportunities. The GBP/JPY rate is influenced by several factors, including the economic conditions, interest rate decisions, and geopolitical events in both the United Kingdom and Japan. Its movements are also affected by global risk sentiment, as the yen is a safe-haven currency, while the pound is more growth-oriented. Traders often use this pair for both short-term speculation and long-term strategies.
Long
by HavalMamar
GBP/JPY 1-hour chartThis GBP/JPY 1-hour chart highlights a descending channel, reflecting bearish momentum but with signs of a potential bullish correction. The price is rebounding from the lower trendline, suggesting upward pressure toward the channel's upper boundary. Unique Insight: Converging Dynamics: The structure suggests a narrowing range, possibly indicating an impending breakout. Traders should monitor volume and momentum for confirmation. JPY Influence: The yen’s movement is tied to global risk sentiment, with safe-haven demand surging during geopolitical or economic instability. GBP Catalysts: UK economic resilience and unexpected policy shifts could spark volatility, potentially altering the channel's direction. This setup provides an opportunity to watch for technical and fundamental alignment ahead of a breakout.
Long
by DreamsForx
1
Gbpjpy Gann Analysis The chart provides an excellent application of the **Gann Square of 9**, highlighting critical price and time relationships. Let’s break down the analysis and key observations based on the setup. --- #### **Key Observations from the Chart** 1. **Central Pivot (198.942)**: - The pivot level at 198.942 acts as the starting reference point for price projections. - The Gann Square radiates angles (45°, 90°, 135°, etc.) to identify future support and resistance levels. 2. **Significant Angles**: - **45° (196.718)**: This was tested as a key resistance before the market shifted downward. - **90° (194.506)**: The price broke below this level, confirming it as a resistance. - **180° (190.121)**: Currently acting as support, the price is consolidating near this level. 3. **Downtrend Guidance**: - The price appears to respect the geometric lines, moving along the 45° and 90° downward angles, suggesting a structured downtrend. - Future price action will likely test the lower levels at 225° (187.947) and 270° (185.786). 4. **Time Cycles**: - Vertical lines in the chart indicate Gann time cycles, potentially predicting reversals or continuation. - The key date to watch seems to be **around January 20th** for a possible shift in momentum. --- #### **Potential Scenarios** 1. **Bearish Continuation**: - If the price breaks below the **180° support (190.121)**, it is likely to test the **225° (187.947)** and even the **270° (185.786)** levels. - This would confirm the ongoing downtrend. 2. **Bullish Reversal**: - A strong bounce from the **180° level** could see the price attempting to reclaim **194.506 (90°)**, followed by the **196.718 (45°)** resistance zone. 3. **Time Factor**: - Watch the upcoming vertical time markers for confirmation of turning points, especially near key angles. --- #### **Conclusion** The Gann Square of 9 provides a structured framework for understanding price action in GBP/JPY. With the **198.942 pivot** as the starting point, the tool successfully highlights key price levels and time cycles. For traders, the next steps should focus on: - Monitoring the **180° level (190.121)** for either a breakout or a bounce. - Keeping an eye on time markers for potential shifts in momentum. As always, combine the Gann tool with other indicators like trendlines or Fibonacci retracements to increase reliability. --- Extra : Gann Grid my way: **Disclaimer**: This analysis is for informational purposes only and not financial advice. Always perform your own research before trading. Feel free to Comment and share Wish you good luck! 🚀
by Magic_xD
GBP/JPY could break 190 supportThe GBP/JPY is displaying a bearish engulfing candle on its daily chart - and similar patterns are observed on all other major yen pairs. The GBP/JPY outlook has turned bearish as the Japanese yen gains strength amidst falling global bond yields, driven by softer-than-expected US and UK inflation data. Markets have shifted Fed rate-cut expectations forward, leading to a rally in bonds and a decline in yields across major economies. This has boosted the appeal of the low-yielding Japanese yen, especially and Japan's own bond yields have been hitting multi-year highs lately. Japan’s yields, supported by hawkish comments from BoJ Governor Ueda and potential rate hikes, have contributed to narrowing the yield gap with other nations, boosting the yen’s performance. From here, the GJ could drop to take out key support around the 190.00 in the coming days. If that happens, we could see further follow-up technical selling in the days ahead. Key resistance comes between 193.00 to 194.20 area. Yesterday's low (now broken) at 191.50 is now the most important near-term resistance to watch. By Fawad Razaqzada, market analyst at FOREX.com
Short
by FOREXcom
1
GBPJPY Point of importance GBPJPY: Key Levels and Market Structure Analysis We are at a critical juncture in GBPJPY, with multiple technical signals and patterns aligning across timeframes. Here’s a detailed breakdown of the current market environment: Weekly Timeframe • Channel Break: GBPJPY has dipped below the ascending channel that has been valid since January 2023. While the weekly close has not confirmed a full breakdown, this move suggests underlying weakness. • Key Indicators: • RSI: Currently at 45, indicating bearish momentum but not yet oversold. • MACD: Weak bearish crossover, suggesting declining momentum. • CMF: Below zero, pointing to capital outflows. • Support Zones: Should the weakness persist, the next major support could align with the 2020 ascending channel’s lower boundary at 176, a macro target that may take months to materialize. Daily Timeframe • Symmetric Triangle: GBPJPY is trading within a well-defined symmetric triangle. The price is currently respecting the triangle’s support line. • Order Blocks: A minor one-hour order block has been breached, indicating a potential move towards the 190.6–190.8 daily order block, which also aligns with the triangle’s support. • Indicators: The RSI and MACD suggest caution, but the daily structure remains bullish. 4-Hour Timeframe • Falling Wedge: A falling wedge pattern has been identified, with a rejection on January 14th. This pattern typically indicates potential for reversal, but confirmation is required. • Fibonacci Levels: • The price has retraced to the 0.382 Fibonacci level of the larger downtrend move. • Deeper retracements to the 0.786 level (188.455) or even the 100% extension would signal significant bearish intent. • Potential Breakdown: A move below the daily order block at 190.6–190.8 could lead to the next major support levels at 185 and the weekly order block at 181. 1-Hour Timeframe • Trendline Breaks: A minor trendline with limited touches has been broken and retested, followed by a sharp drop. This shows significant intraday weakness. • Market Uncertainty: The price is fluctuating near critical levels, and trading in this range is not advisable until the market provides clarity. Key Observations 1. Risk of Further Downside: Breaking below the daily order block and the symmetric triangle would be a strong bearish signal, aligning with weekly and daily weakness. 2. Upside Potential: A breakout from the 4-hour falling wedge would signal a potential reversal, providing long opportunities. Plan of Action 1. Avoid Trading in Uncertainty: The current zone is filled with conflicting signals and does not offer a clear edge. Patience is critical. 2. Wait for Confirmation: • Bullish Scenario: A confirmed breakout above the falling wedge will warrant long positions targeting 192 and beyond. • Bearish Scenario: A break below the daily order block at 190.6–190.8 could lead to further downside, targeting 188.455 and eventually 185. 3. Stick to the Trend: While the broader trend remains bullish, the current weakness and proximity to critical support levels necessitate caution. Avoid predicting reversals and react to confirmed breakouts. For many, this trade setup may not be immediately apparent, but GBPJPY is currently at a crucial point that demands patience and precision. At this stage, taking trades without confirmation could lead to unnecessary risks. We must hone our discipline and wait for the market to provide clear direction before making any moves. Remember, successful trading is not about acting on impulse but about waiting for the right opportunity to align with our strategy. Stay focused, stay disciplined, and let the market come to you. Final Note The market thrives on buyer-seller dynamics. It’s vital to remain objective and avoid fear-mongering or overreacting to individual moves. Let the market decide its direction and align your strategy accordingly. Clarity and discipline will prevail in such volatile times.
by EliteMarketAnalysis
7