GBPJPY - Crazy Bullish!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈GBPJPY has been overall bullish trading within the rising channel marked in blue.
Moreover, it is retesting a strong demand zone marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of demand and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #GBPJPY approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBPJPY trade ideas
#GBPJPY:Three Positions Currently Opened, What about the next? Our three positions are currently open based on our last three ideas on GJ. We’re witnessing a strong bullish movement at the moment. Our next big target is 197, and then we aim for 200. Remember, trading involves risk, so take your own decisions.
Good luck and trade safely!
Thank you for your unwavering support! 😊
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GJ LongsThe weekly candle has already formed its lower wick. Since Wednesday, we've seen a daily retracement into the pro-trend. Today and possibly Friday, we may see weekly bullish pro-trend movement.
Daily candle formations aren't super clear, but GBP/JPY as a trending market should respect the weekly formation.
Watching how the London session develops for entry.
Previous week Highs as target
GBPJPY BULLISH OR BEARISH DETAILED ANALYSISGBPJPY is currently trading near 192.100 and has successfully broken out of a falling wedge pattern on the 12-hour chart. This classic bullish reversal structure indicates that buyers have regained control, with momentum building for a potential move toward the 197.400 target area. The breakout candle is strong and well-formed, confirming upside interest after a period of consolidation and price compression.
Fundamentally, the Japanese yen remains under pressure due to the Bank of Japan’s continued ultra-loose monetary policy, while the pound is gaining support ahead of this week's Bank of England rate decision. Traders are pricing in cautious optimism from the BOE as inflation persists, which adds strength to GBP. The divergence in policy stance between the BOE and BOJ creates a favorable environment for GBPJPY bulls.
Technically, the falling wedge breakout is happening in line with higher lows and sustained buying volume. The 190.000 region served as a strong support base, and the breakout above wedge resistance around 191.800 now turns that area into support. The next key resistance sits at 195.000, with potential extension toward the psychological zone of 197.400.
This setup aligns with a trend continuation following the recent impulsive wave, and the risk-reward profile remains attractive for swing buyers. As long as GBPJPY holds above 190.800, the upside thesis remains valid. Keep an eye on UK rate sentiment and BOJ updates to support this technical play.
GBPJPY Bearish continuation developingThe 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.
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GBPJPY H4 | Bullish Rise Based on the H4 chart analysis, the price is falling toward our buy entry level at 191.67, a pullback support that aligns close to the 61.8% Fibonacci retracement.
Our take profit is set at 193.31, a recent swing high resistance
The stop loss is placed at 190.52, below a swing low support
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GBPJPYHello traders!
Our first trade of the day is on GBPJPY.
Yesterday’s U.S. interest rate decision and the subsequent statements by Fed officials caused significant volatility in the markets. That volatility is still ongoing — but for us, that’s not a negative. In fact, it presents an opportunity.
I've opened a buy trade on GBPJPY:
🔍 Criteria:
✔️ Timeframe: 15M
✔️ Risk-to-Reward Ratio: 1:1.50
✔️ Trade Direction: Buy
✔️ Entry Price: 191.558
✔️ Take Profit: 191.757
✔️ Stop Loss: 191.426
🔔 Disclaimer: This is not financial advice. It's a trade I’m taking based on my own system, shared purely for educational purposes.
📌 If you're also interested in systematic and data-driven trading strategies:
💡 Don’t forget to follow the page and subscribe to stay updated on future analyses.
GBPJPY SHORT FORECAST Q2 W19 D8 Y25GBPJPY SHORT FORECAST Q2 W19 D8 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
✅Intraday 15' order blocks
✅Tokyo ranges to be filled
🔑 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
GBPJPY: Structure Is Still BullishAs explained in the video, my bias is still bullish. HHs and LHs are still being formed. So I am looking to buy GJ as long at 189.97 holds as support. Nice breakout and retest of the falling wedge, which has a bullish FVG and bearish breaker block confluence. I am waiting to see how London looks. Remember we have FOMC tomorrow.
GJ LONGSUsing the 4hr structure for directional bias
Using the unfilled gap as long term target
Entry was made in London session using the 15minute time frame engulfing entry
Initial target is 1:5, will personally not hold for that long until unfilled gap
Maybe will consider holding if the 15min structure also breaks bullish
Lankss
Tue 6th May 2025 GBP/JPY Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/JPY Sell. Enjoy the day all. Cheers. Jim
UPDATE ON GBP/JPY ANALYSISGBP/JPY 1D - To those of you who watch my Sunday Sessions videos, you will know that I was looking to take this market long from the larger zone I have marked out above. Price has traded perfectly into this and delivered us with the structure we want.
This gave everyone watching the opportunity to profit in some long positions, you will also see I have another zone marked out for you all. I want to see price pullback, trading into this before taking this market higher.
So for those of you who missed this original opportunity there is another one presenting itself, its just a case of waiting now for price to trade in, deliver us with entry confirmation and we can look to take part.
As soon as I have further updates on this pair I will be sure to let you know, this trade setup here will provide us with some amazing returns, we just need to sit and wait patiently for price to deliver.