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British Pound / Japanese Yen

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GBPJPY trade ideas

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
GBPJPY POSSIBLE SELL?Overall direction is to the downside based on Monthly and Weekly perspective. The market is currently testing the current Weekly and Daily area. Based on 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal. We could see SELLERS coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor
Short
by WiLLProsperForex
1
GBP/JPY: Recent Bullish Move Fails to Break the 192.00 Level Since February 11, the British pound has gained more than 2.5% against the Japanese yen. However, the recent bullish momentum has struggled to break through the key resistance level, and now a new correction in favor of the yen appears to be underway. Central Bank Policies Remain Crucial The ongoing monetary policy divergence between the Bank of England (BoE) and the Bank of Japan (BoJ) is a crucial factor in this market scenario. On February 6, the Bank of England decided to keep its interest rate steady at 4.5%. However, it remains unclear whether the BoE will maintain this policy in future decisions. On the other hand, Japan's monetary stance has become increasingly aggressive. In January 2025, the Bank of Japan raised its interest rate to 0.5% , the highest level since 2008 and the BoJ has signaled a more aggressive tightening approach, aiming to strengthen the yen and make it more competitive against its peers. In the long run, Japan’s new aggressive policy stance has played a key role in the recent downward movements in GBP/JPY. Higher returns in a traditionally safe market like Japan attract greater demand for the yen, reducing the appeal of the pound. As long as Japan maintains this hawkish policy and uncertainty persists regarding the BoE’s future rate outlook, it is likely that yen demand will continue to grow, this could reinforce downward pressure on GBP/JPY. Consistent Downtrend: Since July 2024, the GBP/JPY pair has followed a sustained downtrend, which at some points has turned into a sideways movement between the 192.427 resistance level and the 187.328 support level. The current bearish bias has been strong enough to produce lower highs, keeping the price within a long-term downtrend in the short term. However, if the price moves back toward the 194.323 zone, where the 100-period and 50-period moving averages converge along with the downtrend line, it could signal a threat to the ongoing bearish trend. If buyers manage to push the price back to this level, it could be a important warning sign. ADX Indicator: The ADX line is oscillating near the neutral 20 level, indicating that the last 14 periods lack a strong directional trend. This can be explained by the recent bullish rebound, which failed to break through resistance. If the ADX remains at this level, the price may continue in a prolonged sideways trend over the next few trading sessions. RSI Indicator: A similar scenario is unfolding in the RSI, where the line is hovering around the neutral 50 level. This indicates that bullish and bearish impulses from the last 14 periods are in balance. This could reinforce a lack of clear direction for GBP/JPY in the 190.00 zone in the near term. Key Levels to Watch: 192.427 – Near-Term Resistance: This level represents the most significant neutral area in recent months and aligns with the 38.2% Fibonacci retracement level. If price reaches this level again, it may struggle to break through due to strong resistance at both 192.427 and 194.323, where several technical indicators converge. That said, a breakout above this entire zone could trigger a major bullish move in the long term. 187.328 – Key Support: This level marks the lows recorded since July 2024. A bearish breakout below this level could lead to new lows in the short term and reinforce the bearish bias established since December. 198.525 – Long-Term Resistance: This distant resistance level aligns with the 61.8% Fibonacci retracement. If price eventually rallies to this level, it would completely invalidate the ongoing downtrend in GBP/JPY. By Julian Pineda, CFA – Market Analyst
by FOREXcom
1
GBPJPY FLAG AND PLE PATTREN 🚀 GBPJPY TRADE ALERT! 🚀 📈 Pattern: Flag & Pole Confirmed! A strong bullish continuation pattern is forming, signaling a potential breakout! 📊 🕒 Timeframe: 4H 📊 Indicator: EMA 50 – Price is holding above the 50 EMA, confirming bullish momentum! 💰 Entry: 191.800 🎯 Target: 195.200 🔒 Stop Loss: Below 191.000 (Adjust based on risk tolerance) ⚖️ Risk-Reward Ratio: Maintain at least 1:2 for smart trading! 📉 Risk Management: Use proper lot size, avoid overleveraging, and secure profits with trailing stops! 📢 Why This Trade? ✅ Flag & Pole Pattern: A strong bullish trend followed by consolidation signals a breakout! ✅ EMA 50 Support: Price respecting the EMA, confirming strength! ✅ Momentum Confirmation: High probability of continuation toward the target! 🔥 Don't Miss This Sure Shot Opportunity! Trade Wisely! 🔥 #ForexTrading 📊 #GBPJPY 🚀 #TradeSmart ✅ #RiskManagement #FlagPolePattern
Long
by TraderLivia
2
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
GBPJPY ShortGBP/JPY - Support Turned Resistance Short Setup 📉 Trade Idea: Short GBP/JPY Analysis: The previous support level around 192.05 has now turned into resistance. Price attempted to break above but failed, indicating potential downside pressure. This aligns with a classic support-turned-resistance setup, where sellers step in after a retest. Trade Plan: 🔹 Entry: Sell at 191.416 (At candle low) 🔹 Stop Loss: Above 191.900 (Body's High) 🔹 Take Profit: 190.448 (2RR) Additional Confirmation: 🔹 Bearish rejection at resistance 🔹 Momentum shifting lower on lower timeframes 🔹 Potential continuation of the downtrend
Short
by riojulianprt62512
#GBPJPY 1DAYGBPJPY (4H Timeframe) Analysis Market Structure: The price is currently forming a symmetrical triangle pattern, indicating consolidation and decreasing volatility. This pattern suggests that the market is in indecision, and a breakout in either direction could lead to a strong move. Forecast: A breakout on either side will determine the next direction. Traders should wait for confirmation before entering a position. Key Levels to Watch: - Entry Zone: A buy position can be considered if the price breaks above the upper trendline, while a sell position can be considered if the price breaks below the lower trendline. - Risk Management: - Stop Loss: Placed beyond the breakout level to manage risk. - Take Profit: Target key support or resistance levels based on the breakout direction. Market Sentiment: The symmetrical triangle pattern suggests that momentum is building up, and a strong move is expected after a breakout. Waiting for a clear confirmation will help avoid false signals.
by PIPSFIGHTER
GBPJPY - LongGBPJPY Analysis - LONG 👆 In this Chart GBPJPY H4 Timeframe: By Nii_Billions. ❤️This Chart is for GBPJPY market analysis. ❤️Entry, SL, and Target is based off our Strategy. This chart analysis uses multiple timeframes to analyze the market and to help see the bigger picture on the charts. The strategy uses technical and fundamental factors, and market sentiment to predict a BULLISH trend in GBPJPY, with well-defined entry, stop loss, and take profit levels for risk management. 🟢This idea is purely for educational purposes.🟢 ❤️Please, support our work with like & comment!❤️
Long
by Nii_Billions
2