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GBPJPY trade ideas

Wave Count Suggests One More Push Higher Toward 196GBPJPY is unfolding a clear 5-wave impulsive structure from the April low. Current price action suggests we are in a wave (iv) correction of the larger wave (C). The substructure shows: Wave (i), (ii), (iii) are complete Wave (iv) is developing as an ABC flat or zigzag Wave (v) still expected to complete wave (C) higher What to Watch: The correction may dip toward the 190.50–189.50 support zone before completing wave (c) of (iv) From there, potential bullish continuation toward 196.00 to complete wave (v) of (C) Trade Idea (Not Financial Advice): If price confirms a reversal from the lower support box, long entries could target the upper box near 196.00. Invalidation would be a break below the April low. #ElliottWave #GBPJPY #ForexAnalysis #WaveCount #JPY #GBP #ICMarkets
Long
by eL-Professor
GBPJPY – Breakout Buy Setup (Macro Alignment)GBPJPY long setup backed by rising LEI, strong macro trend, JPY weakness, and bullish seasonal window approaching after April 24. Waiting for breakout confirmation above resistance to validate entry. 🧠 Macro + Model Alignment LEI score rising → 33 (April), macro outlook improving Exo+LEI = 1153 → strong bullish signal JPY COT: Overbought → reversal risk GBP fundamentals outperform JPY across April Seasonality: GBP bearish till April 24, then bullish into month-end 📌 Best entry window = April 25+ 📊 Technical Setup – 1H Chart Price testing key resistance zone ~190.00 Watching for breakout & candle close above resistance for confirmation Clear R:R with defined structure zones 📥 Entry: Break and close above 190.284 ⛔ Stop Loss: 187.414 🎯 Take Profit: 192.608 🧮 R:R ≈ 1:2+ Confirmation required before entry ✅
Long
by wajahatarif
4
GBPJPY SHORT TERM SELL around 192.964GBPJPY is currently in an overall long trend, but remains highly volatile. My Point of Interest (POI) is 192.964, based on the following: 1. It aligns with a daily short-term POI as of today. 2. It represents the 80% retracement level of the weekly range, which falls within the daily POI zone. Given this, I’ll be looking to enter a short term sell position around 192.964, with my stop loss set just above the daily high and my first take profit (TP) target around the 191.500 level.
Short
by GBPP_JPYY
1
GBPJPY Breakout Play: Will the Retest Fuel the Next Rally? GBPJPY recently broke out of a descending trendline and resistance zone, fueling a strong bullish move past 193. With momentum slowing, price is now pulling back — setting up a textbook retest opportunity. Key Zones: Breakout Support / Demand Zone: 190.500–191.150 Price to Watch: 191.147 — potential retest and bounce zone Next Target: 194.500–195.000 supply area Scenarios in Focus: 1. Bullish Retest: A clean bounce from the 190.5–191.1 demand zone could trigger a strong continuation toward 195. 2. Deeper Pullback: A break below 190.5 would invalidate the bullish structure in the short term. Volume profile shows heavy accumulation below, adding confluence to the support. Patience is key — wait for bullish confirmation around 191.
Long
by Profx001
GBPJPY SHORT FORECAST Q2 W18 D2 Y25GBPJPY SHORT FORECAST Q2 W18 D2 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block rejection ✅Daily order block rejection ✅15' order block targets ✅Weekly imbalance fill targets 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
“GBPJPY Surges 200+ Pips After Breakout – More Gains Coming?”GBPJPY Hits +200 Pips After Classic Breakout – More Upside Ahead? Description: In a recent analysis shared here, GBPJPY followed through perfectly after breaking out of a bullish triangle pattern. The pair surged over +200 pips, breaching the key resistance zone around 191.00 and now trading near 193.20. This breakout aligns with strong bullish momentum on the daily chart. While a minor pullback may occur, the next potential upside targets are 195.00, followed by the major 200.00 psychological level, where historical resistance lies. As long as price holds above the 190.00 support zone, the bullish scenario remains valid. Traders may watch for intraday corrections to rejoin the uptrend. Follow for more updates and trade setups across major FX pairs.
Long
by Aser_Hosary
3
GBPJPY INTRADAY rising wedge capped at 192.87The GBPJPY pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 192,87 which represents the current intraday swing high. In the short term, an oversold rally from current levels, followed by a bearish rejection at the 192.87 resistance, could lead to a downside move targeting support at 190.15 with further potential declines to 188.70 and 187.50 over a longer timeframe. On the other hand, a confirmed breakout above the 192.87 resistance level and a daily close above that mark would invalidate the bearish outlook. This scenario could pave the way for a continuation of the rally, aiming to retest the 193.65 resistance, with a potential extension to 194.40 levels. Conclusion: Currently, the GBPJPY sentiment remains bearish, with the 192.87 level acting as a pivotal resistance. Traders should watch for either a bearish rejection at this level or a breakout and daily close above it to determine the next directional move. Caution is advised until the price action confirms a clear break or rejection. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBPJPY 4h Long Setup Clear bullish structure with clean higher highs and higher lows intact Price formed a bull flag after a strong impulse leg showing continuation potential Breakout of the flag confirms momentum with aggressive bullish candle and volume Entry : 192.459 SL : 188.167 TP : Trail 195.898 RR 1 : 3.1 Market is flowing with bullish pressure and breakout indicates wave extension No counter structure in sight, trend continuation expected Let the market breathe and move
Long
by wolfchemist