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British Pound / Japanese Yen

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GBPJPY trade ideas

GBPJPY - LongAs of 22 Jan 2025, the market sentiment for GBP/JPY is mixed but leaning towards bullish The current support levels are around 190.5, 190.0, and 189.5, while resistance levels are at 192.5, 193.0, and 194.0. The pivot point is at 191.8, and the market price is above this pivot point, supporting a bullish scenario Overall, while there are some concerns about overbought conditions, the strong trend indicators and momentum suggest a positive outlook for GBP/JPY at the moment.
Long
by StevenCcc
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.
Long
by syomking76418
GBP/JPY - Preparation for the Interest Rate Hike on Friday - BOJHi guys , we would be looking in a shorter term trade on the GBP/JPY looking to chase at least 100 pips in a down turn , we have a positive expectation that the Bank of Japan would hike the interest rate on Friday from 0.25 to 0.50. I do agree that 25 basis points isnt a lot , but in a status that it took BOJ two years of sitting on negative interest rate to finally start balancing their sheets and looking to increase it, would give a positive approach into a better stability for the Japanese economy and more specifically the Japanese Yen! Entry: 191.00 Target: 189.800 As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
Short
by DG55Capital
Ghost Traders FX GBP/JPY Bearish Trend Forming [SHORT]With the BOC about to make an interest rate decision change not seen since the 2008 financial crisis, it really does leave the market to guess... are we going to see another HUGE drop like we did in July last year. Bearish structure looks to be forming, but could still see a sweep above before continuing down, alternatively if price puts in a new low I believe it's much more profitable for big money to send this to 178.75 before the potential of a long-term bull trend continuing. Trade Record for GTFX stands at 126 wins, 17 breakevens, 7 losses with a 94%+ W/R & +2670 pips gained. Best of luck to everyone.
Short
by Ghost_Traders_FX
GBPJPY📊 GBP/JPY 2H Chart Analysis & Signal 📊 The pair has faced rejection from the 191.252 resistance level, indicating a bearish sentiment. If price sustains below this zone, a further drop is expected toward lower support levels. Trade Setup: 🔹 Sell Zone: 190.700 - 191.252 🔹 Take Profit Targets: TP1: 190.326 TP2: 188.536 TP3: 187.000 🔹 Stop Loss: 191.252 (Above resistance) 🔹 Entry Confirmation: Wait for a clear rejection or bearish confirmation around the resistance zone before entering the trade. ⚠️ Risk Management: Always secure profits using break-even levels once the trade moves in your favor.
by FOREXQUEEN_1
GBPJPY SHORT TRADE PLAN (High Probability) ICMARKETS:GBPJPY 🔥 GBPJPY SHORT TRADE PLAN (High Probability) 📍 Scenario 1: Liquidity Grab at 192.00-192.50 ➡ Best Short Entry if Price Spikes & Rejects This Level ✔ Entry: Below 191.80 (only after bearish rejection). ✔ Stop Loss (SL): Above 192.30 (safe from stop hunts). ✔ Take Profit (TP1): 190.50 (first demand zone). ✔ Take Profit (TP2): 189.50 (deeper retracement). ✔ Take Profit (TP3): 188.80 (institutional demand zone). 🎯 Risk-Reward: 1:3 to 1:5 📍 Scenario 2: Break & Close Below 190.80 ➡ If Price Fails to Reach 192.00 and Instead Breaks 190.80, We Short ✔ Entry: Below 190.80 (after H1/H4 candle close below). ✔ Stop Loss (SL): Above 192.30 (keeping it safe). ✔ Take Profit (TP1): 190.00 (first liquidity grab). ✔ Take Profit (TP2): 189.50 (continuation drop). ✔ Take Profit (TP3): 188.80 (deep demand zone). 🎯 Risk-Reward: 1:3+ on clean execution. 🛑 DO NOT Enter Randomly Wait for a strong rejection at 192.00-192.50 OR Wait for a confirmed break below 190.80 🔥 FINAL VERDICT (What I’d Do Personally) 1️⃣ If price spikes to 192.00-192.50 & rejects → I’m shorting 2️⃣ If price breaks below 190.80 & retests → I’m shorting 3️⃣ If price stays in between (191.00-191.80), I do NOTHING.
Short
by jibkhan111
GBP/JPY Sell Trade – Targeting 190.20076Pair: GBP/JPY 💷💴 Direction: Short 🔽 Target: 190.20076 🎯 Time Horizon: By Monday, Jan 20, 22:00 UTC ⏳ The pair has recently tested higher levels and is now showing signs of potential exhaustion. Current market behavior suggests a retracement toward the 190.20076 level, aligning with previous price action dynamics. This trade is time-sensitive and expected to develop by Monday at 22:00 UTC. Market factors, including JPY strength and broader risk sentiment, may contribute to the anticipated movement. Monitoring price action closely for further confirmation of the expected pullback 🔍.
Short
by GlobalHorns
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.
Long
by syomking76418
GBPJPY - Will the pound continue to weaken?The GBPJPY currency pair is below the EMA200 and EMA50 in the 4-hour timeframe and is moving in its upward channel. If the corrective movement continues towards the supply zone, we can sell with a suitable risk reward. According to the latest Bloomberg survey, the UK government faces significant challenges in restoring investor confidence, as the pound and British bonds continue their downward trend. Following a decline in UK markets early in 2025 due to rising concerns over debt and inflation, about 51% of the 250 participants in last week’s survey predicted the pound would fall to between $1.15 and $1.20 by the end of June. This would mark the currency’s weakest level in over two years. Meanwhile, 45% of participants anticipate greater volatility in the pound, with 10-year UK bond yields expected to rise above 5% this year.Taylor, a member of the Bank of England, emphasized the importance of staying vigilant against potential risks. He suggested that recent data indicate a worsening economic outlook and that interest rates should be reduced promptly to avoid further challenges. In Japan, households expect prices to rise in the coming year. The percentage of households with such expectations increased slightly from 85.6% in the previous survey to 85.7%. However, five-year inflation expectations have seen a slight decline. According to the Bank of Japan, average annual inflation expectations among households stand at 11.5%, based on the latest survey. Goldman Sachs economists predict that the Bank of Japan will raise interest rates next week. The firm also remains optimistic about the yen, expecting any action by the Bank of Japan in January to support the currency. Market pricing suggests that an interest rate hike by the Bank of Japan is almost certain. According to Bloomberg, Kazuo Ueda, Governor of the Bank of Japan, will evaluate the need for a rate hike on Friday. Expectations for an interest rate increase have grown, provided that potential shocks from the early days of Trump’s presidency do not materialize. While other central banks, particularly the Federal Reserve, are focused on rate cuts, the Bank of Japan is moving in the opposite direction, aiming for a gradual return to conventional monetary policies. The Bank of Japan is set to announce its first interest rate decision of 2025 on Friday. During its final meeting in 2024, the bank decided to keep rates unchanged. Governor Ueda stated that more data is needed to justify a rate hike, highlighting concerns about wages and uncertainties surrounding Trump’s economic policies. Since then, new data has shown a significant rise in November inflation, with December inflation pressures also intensifying. Wages also grew in November. Additionally, a summary of opinions from the December meeting indicates that a rate hike could occur sooner than investors anticipate. Given these developments and recent remarks from BoJ officials, investors assign an 80% probability to a 0.25% rate hike. However, the Bank of Japan has a long history of disappointing expectations for rate increases. If Trump adopts an aggressive stance on tariffs in his upcoming speech, the BoJ may once again refrain from raising rates, potentially leading to a decline in the yen. If the Bank of Japan does raise interest rates, the yen is likely to strengthen, but the associated risks are asymmetrical. The negative impact of refraining from a hike could outweigh the positive effect of an increase. Nonetheless, a further decline in the yen might prompt Japanese authorities to intervene to support the currency.
Short
by Ali_PSND