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GBPJPY trade ideas

GBP/JPY testing critical zoneThe GBP/JPY is testing a critical resistance area between 189.20 to 190.00. For as long as this area holds as resistance, the path of least resistance remains to the downside. Should the selling resume from here, we could see the Guppy trade down to test the key support range between 185.00 to 186.00 again. However, if the GBP/JPY breaks decisively above the 189.20 to 190.00 range, then that could potentially pave the way for a short-squeeze rally towards the next major resistance in the 193.00 to 194.20 range, where we also have the 200 day MA converging. By Fawad Razaqzada, market analyst with FOREX.com
by FOREXcom
GBP/JPY Bearish Reversal Setup–Eyeing Breakdown from Supply Zone1. Supply Zone (Resistance Area) 🟦 Supply Zone: Located around 189.500–190.000 🔺 Price got rejected here multiple times — strong selling pressure. 2. Ascending Trendline Support 📈 Trendline connecting higher lows (marked with yellow dots) 🟡 Support tested multiple times, acting as a rising wedge structure. 3. EMA (7) — Exponential Moving Average ⚫️ EMA (black line) is currently near price — indicating short-term trend stalling. 4. Bearish Breakout Setup 🔻 Anticipated price drop shown with red/orange arrows 📉 If price breaks below trendline: 🎯 Target Point: 186.600 ⬇️ Expected drop: ~1.51% 5. Price Movement Outlook 🔁 Possible minor pullback before breakdown ⛔️ Bearish signal increases if the trendline fails. Summary (with emojis): 📍 Entry Idea: Short near resistance zone (189.500–190.000) ⛓ Trigger: Break of trendline support 🎯 Target: 186.600 ⚠️ Stop-loss: Above 190.000 (above supply zone)
Short
by Jameshead007
12
GBPJPY Q2 FY25 FORECASTim expecting a big dip then reversal at any of the marked price levels fundamentally if i were to gauge which one id look at the following factors GBP M1 Money Supply: As of November 2024, the UK's M1 money supply stood at £2,221,455 million.​ M2 Money Supply: In the same period, the M2 money supply was £3,067,494 million, marking an increase from £3,062,782 million in October 2024. ​ The modest month-over-month growth in M2 suggests a cautious approach by the Bank of England (BoE) towards monetary expansion. This restraint may indicate efforts to control inflation and maintain currency stability. However, the overall high levels of money supply reflect the substantial monetary interventions undertaken in previous years.​ JPY M1 Money Supply: In December 2024, Japan's M1 money supply reached ¥1,096,496.5 billion, up from ¥1,091,290 billion in November 2024. ​ M2 Money Supply: During the same period, the M2 money supply increased to ¥1,257,683.8 billion from ¥1,254,910.3 billion. ​ The incremental increases in both M1 and M2 indicate a steady, albeit slow, expansion of Japan's money supply. This aligns with the Bank of Japan's (BoJ) longstanding accommodative monetary policy aimed at combating deflation and stimulating economic growth.​ So.. The UK's relatively stable M2 growth suggests a balanced approach, potentially leading to moderate inflation and a stable GBP. In contrast, Japan's slow money supply growth reflects its ongoing struggle with low inflation and economic stagnation, which may continue to exert downward pressure on the JPY.​ Outlook If current trends persist: The BoE's measured monetary expansion may support the pound's stability. However, vigilance is required to manage inflationary pressures that could arise from external factors or supply chain disruptions.​ The BoJ's continued accommodative stance suggests that the yen may remain weak, especially if inflation remains subdued and economic growth lags.​ In short, the UK's cautious monetary policy may bolster the GBP's position, while Japan's persistent low growth and inflation challenges could keep the JPY under pressure. Monitoring these monetary indicators will be crucial for anticipating future currency movements. now since im all for the dxy crashing i decided to factor that in these are my takeaways If DXY collapses slowly, GBP and JPY both rise, but GBP/JPY stays relatively stable as usual If DXY collapses sharply due to a crisis, JPY outperforms massively, and GBP/JPY drops sharply If the BoE cuts rates aggressively, GBP weakens, while JPY gets even stronger If the BoJ tightens monetary policy while DXY crashes, JPY surges, and GBP/JPY could plummet below 180. like comment follow tip gift collab
Short
by Bekiumuzi_Dube
3
Pound-yen consolidates above ¥187The latest British job report on 15 April was generally quite positive with growth in earnings remaining high and claimants increasing less than expected. The focus for the yen remains on upcoming trade talks between Japan and the USA while monetary policy still seems somewhat uncertain. The Bank of Japan is likely to continue with ‘wait and see’ although some participants expect a hike in September. ¥186 seems to be the main short-term support based on the fairly strong reaction on 9 April. However, that hasn’t been clearly sustained since then although that day’s upward engulfing candlestick would have suggested possible ongoing gains. Japanese balance of trade late on 16 April GMT is unlikely to have a significant influence on the chart unless it’s particularly surprising. The 20 and 50 SMAs just below ¥191 probably mean resistance in that area. Upcoming British data like PMIs and retail sales could usher in a clearer direction. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
GBP/JPY - Resistance into fibonacci golden pocketGBP/JPY 1H Technical Analysis - Key Levels Price action shows clear resistance zones marked by Lift indicators at 0.28 , 0.08 , and 0.06 levels. The market appears slightly overbought with Lift readings of 0.01 to 0.05 , suggesting potential for pullback or consolidation. Key observations: - Resistance cluster between 0.06-0.28 may cap upside moves - Overbought conditions warrant caution for longs - Monitor Lift indicator for trend continuation signals Trading approach: Consider short opportunities near resistance with stops above 0.28 , or wait for pullback to support for long entries if momentum sustains. for more FX analysis. Comments welcome!
Short
by wdstrades
2
GBPJPY LONG FORECAST Q2 W16 D16 Y25GBPJPY LONG FORECAST Q2 W16 D16 Y25 Key- to await price to show its play. The longer term retrace is of course the set that FRGNT would potentially call an A - set up, higher time frame order block long, lower time frame breaks, you know the drill. BUT what if price action does not match your forecast. We must adapt if the position makes sense. Let's see if GBP has the legs to break 15' structure in London. We are interested. One thing is for sure, GJ moves and we endeavour to be part of those dances! -15' break of structure first prior immediate long. Trade well! FRGNT X
Long
by JCFRGNT
GBPJPY Buy Continuation | OB + Trendline ConfluenceIdea: After a strong bullish rally earlier this week, GBPJPY has now pulled back to a key ascending trendline, which has acted as dynamic support over time. This retest is signaling a potential continuation of the bullish momentum. Zooming into the lower timeframe (1-minute), a strong Order Block (OB) has formed right at the intersection of the trendline support, offering high confluence for a long setup. This OB also aligns perfectly with the 4H trendline, adding more weight to the bias. Confluences supporting the bullish continuation: Retest of the 4H ascending trendline (higher timeframe support) Fresh 1-minute bullish Order Block at the zone Price showing signs of reaction/rejection at the OB zone Bullish market structure still intact No major resistance until previous swing high Entry Idea: Monitor price reaction within the OB zone (1-minute) for confirmation (e.g., bullish engulfing, BOS on LTF). A clean break and retest within this zone can trigger a low-risk, high-reward long position. Short-Term Target: Previous intraday high Mid-Term Target: Next key resistance level or supply zone Invalidation: Clean break below the 4H trendline and OB zone
Long
by makeITsimpleFX_SMC
GBP/JPY Awaits a Bearish BreakoutFenzoFx—GBP/JPY trades slightly above the 50-period SMA at 188.4, but the trend remains bearish below the 50.0% Fibonacci resistance level. The Stochastic Oscillator signals an overbought state, suggesting short-term pressure. A downtrend may resume if GBP/JPY closes below 187.6, targeting 186.0. Conversely, a break above 190.2 resistance could extend momentum to 192.0. >>> No Deposit Bonus >>> %100 Deposit Bonus >>> Forex Analysis Contest All at F enzo F x Decentralized Forex Broker
Short
by FenzoFxBroker
1
GBP/JPY BUY SETUP 1h chart analysisGBP/JPY Entry Point: Current price is around 189.436 Looks like your entry is at the breakout above the recent consolidation/structure (possibly just above 189.100) Stop Loss (SL): SL seems to be set just below the demand zone at around 188.000 Take Profit 1 (TP1): Clearly labeled on the chart as TARGET 1 Positioned near 190.900 Final Target (TP2): Labeled as TARGET 2 Positioned near 193.000 --- Summary: Entry: ~189.100 (Breakout confirmation) SL: ~188.000 TP1: ~190.900 TP2 (Final Target): ~193.000 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, JAMES_GOLD_MASTER_MQL5 Thank you.
by JAMES_GOLD_MASTER_MQL5
GBP/JPY) Bearish analysis Read The ChaptianSMC Trading point update GBP/JPY 2-hour chart outlines a clear bearish setup within a well-defined downtrend. Here's a breakdown of the trading idea: --- Technical Overview: Downtrend Channel: The pair is respecting a downward-sloping channel, with repeated rejections at the upper boundary, confirming bearish control. Resistance Zone (~187.8 - 188.5): Price has reached a highlighted resistance area that aligns with previous swing highs and trendline resistance — marked with red arrows for prior rejections. Bearish Projection: The analysis anticipates a rejection from this resistance zone followed by a downward impulse move. A pullback is expected, but continuation toward the target support zone around 179.150 is likely. Target Zone (~179.150): This level lines up with previous price action and matches the measured move (blue vertical box), adding confluence. EMA 200 (around 190.36): Price is well below the 200 EMA, reinforcing the bearish structure and trend bias. RSI Indicator (~52): RSI is slightly above 50 but not bullish — this neutral reading suggests the pair has room to drop if resistance holds. Mr SMC Trading point --- Trading Idea Summary: Bias: Bearish Entry Zone: 187.8 – 188.5 (resistance) Confirmation: Bearish candlestick pattern or rejection signal Target: 179.150 Invalidation: Break and close above 190.365 (above EMA 200 and prior highs) --- plase support boost 🚀 analysis follow)
Short
by SMC-Trading-Point
28
Is GBPJPY Set to Rise?GBPJPY has been catching attention this week—and for good reason. With price action pushing toward significant psychological zones, traders are asking: is the Dragon set to breathe fire once again? Here’s the setup I’m watching closely: Entry: 188.813 Stop Loss: 186.814 Target: 195.170 This trade idea is built on strong bullish structure and confluence across the higher timeframes. Price has respected key support zones and appears to be forming a base for a potential breakout. If momentum holds, we could see GBPJPY retest and possibly surpass recent highs. What makes this setup compelling isn’t just the technicals—it’s also the fundamentals. With the Bank of Japan sticking to ultra-dovish policy and the UK showing relative economic resilience, the interest rate differential continues to favor GBP strength. What do you see on your chart? Would you take this trade—or sit on the sidelines? Drop your bias in the comments.
Long
by TLTurnerTV
GBP/JPY - Long Term SellHere in this chart starting in the higher TF we can notice lots of selling pressure. Every time price hit this key level we can notice a significant sell off. From previous new in the past few weeks we can notice a strong Supply zone to look to sell from. This supply zone has a clean Mitigation Block within it. If we sell this Supply zone it will be a strong possibility that we break out of this parallel channel giving us a break out. Dropping down into the 6H we can notice a first target being the sell side liquidity. Im targeting here as the demand zone has been invalidated from this previous price movement giving me good conditions to sell into Please do feel free to follow me or dm me about this read
Short
by jamesibartram