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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBPJPY Bullish Breakout – Watch for Momentum Towards 194.60GBPJPY has broken out of a descending wedge and is now retesting the breakout zone near 189.50–189.80. This area aligns with previous structure support and the wedge's upper boundary. Price action indicates bullish momentum is resuming. 🔑 Key Levels: Current Price: 189.66 Breakout Level: ~189.50 Resistance Targets: TP1: 190.55 (recent resistance high) TP2: 192.57 TP3: 194.61 (key supply/weekly resistance zone) ✅ Bullish Confluence: Breakout from falling wedge pattern Strong retest of breakout zone with consolidation Higher low formation and bullish engulfing attempt No major resistance until 190.50, providing clean upside 🧠 Fundamental Context: CBI Report (UK): Sentiment and investment outlook among UK manufacturers is deteriorating, but the pound has shown resilience likely driven by broader risk-on market sentiment. BOJ Outlook (Japan): IMF suggests BOJ is likely to delay further rate hikes due to global uncertainty from US tariffs, maintaining a dovish bias. This weakens the yen’s fundamental strength. Market Mood: With Japan facing delayed policy tightening and UK's inflation still above target, GBPJPY favors the bullish case in the short term. 💡 Trade Idea: Bias: Bullish above 189.30 Entry: On retest confirmation around 189.50 Target 1: 190.55 Target 2: 192.57 Target 3: 194.61 Stop Loss: Below 188.80 📌 Note: Keep an eye on US data and BOJ tone shifts. Any risk-off shift in global markets could affect yen strength unexpectedly.
Long
by ultreosforex
16
GBPJPY is coming out of consolidation... With the decline of the dollar, the Japanese yen is gaining momentum and strengthening. GBPJPY currency pair is under pressure from sellers. The price is coming out of the triangle down, the continuation of the main downward movement is possible when the support at 188.23 is broken. Scenario: Consolidation below the triangle support and subsequent break of 188.234 support may attract new sellers, which may cause a fall to 187.46 - 186.59.
Short
by AndeWave
9
GBPJPY Completed a Bullish Triangle PatternGBPJPY Completed a Bullish Triangle Pattern A breakout from this triangle pattern signals strong bullish movement. The expected price movement suggests two key targets—190.55 ; 191.30 and 193.20 Given the current price at 189.65, the upward projection implies bullish sentiment and increasing buying pressure. The only enemy of this clear bullish setup is BOJ. Seen only from a technical point of view, GBPJPY has a great setup. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by KlejdiCuni
7
Why I Think GBPJPY May Continue to Sell...Technical AnalysisHey Rich Friends, I think GBPJPY will continue to sell today and maybe this week. This is only a technical analysis so check the news and cross-reference your charts/indicators. Here is what I am looking at: - The market has already rejected the daily high of 188.852, which is a strong sign that it can continue to move down. - The 4-hour low was broken, and sellers are picking up momentum on lower time frames. - The stochastic is facing down, the slow line (orange) is above the fast line (blue), and both lines have crossed below 50 Sell stops are recommended. I will use previous lows as TPs and previous highs as stop losses. Good luck if you decide to take this trade. Let me know how it goes in the comments. Peace and Profits, Cha
Short
by MoneyMantraCha
6
This is a divergence cheat sheet showing how to identify and intGreat — now we’re looking at a full reference chart that summarizes all four types of divergence using price action vs RSI. It’s super well-organized. Let me break it down for you clearly: 📊 WHAT THIS ILLUSTRATION REPRESENTS: This is a divergence cheat sheet showing how to identify and interpret: 🔁 Regular Divergence (signals a potential reversal) Regular Bullish Divergence (bottom right) Price: lower lows RSI: higher lows 🔁 Reversal to the upside possible (after a downtrend) Regular Bearish Divergence (top center) Price: higher highs RSI: lower highs 🔁 Reversal to the downside possible (after an uptrend) 🔄 Hidden Divergence (signals trend continuation) Hidden Bullish Divergence (bottom left) Price: higher lows RSI: lower lows 🔄 Suggests uptrend will continue after a pullback Hidden Bearish Divergence (top right) Price: lower highs RSI: higher highs 🔄 Suggests downtrend will continue after a pullback 💡 Summary Table: Type Price Pattern RSI Pattern Interpretation Regular Bullish Lower Lows Higher Lows Reversal to upside Regular Bearish Higher Highs Lower Highs Reversal to downside Hidden Bullish Higher Lows Lower Lows Continuation uptrend Hidden Bearish Lower Highs Higher Highs Continuation downtrend
Education
by youraa
2
GBPJPYCurrent Structure (GBP/JPY 30min): 4H Supply Zone at 191.600–191.760 → Price already rejected from there. Minor 1H Demand Zone at current price (~191.167) → price is consolidating around it. 4H Demand Zone at 190.132–190.054 → your lower target zone. EMA Setup: 9 EMA and 50 EMA are starting to "squeeze," signaling a possible break soon. Entry: Watch for a clean break and retest below 191.150 (and minor demand zone break). Stop Loss (SL): Above the minor structure highs, around 191.400. Take Profit (TP): First TP at 190.400 (partial close). Final TP at 190.132–190.054 (your 4H demand zone and daily support).
Short
by Dailypaperfx888
1
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 Wangari_Tabz
1
DeGRAM | GBPJPY Broke Down Triangle📊 Technical Analysis GBP/JPY continues to move within a triangle, staying below the 189 level. The 189.00 level remains a strong ceiling; rejection here signals continued downside. If pressure holds, price may retest support around 184.75. ✨ Summary Technical weakness + soft UK data + JPY strength = bearish setup. Below 189.00, GBP/JPY may target 184.35. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
5
Am I receiving inaccurate data on my charts? On April 9, 2025, I conducted a chart analysis and drew a vertical line labeled WLQ (Weekly Liquidity). The following week, I observed what appeared to be a wick touching the WLQ line. I initially blamed myself for being careless and possibly overlooking this detail. However, I was fairly confident that I hadn’t made such an error. A day or two later, upon revisiting the chart, I noticed that the wick was no longer visible and that the line was placed accurately, just as I had originally drawn it. This inconsistency was quite surprising, so I took a screenshot as evidence. Given this experience, I’m beginning to question whether I'm receiving inaccurate or inconsistent data on my charts. Has anyone else encountered something similar, or could there be another explanation for this?
Education
by Michael_ict_jr
1
GBPJPY SELL SETUP - Bearish Reversal from Key Resistance!Hello dear friends 👋 GBP/JPY Trade Signal Technical Analysis Setup 👇 Price is reacting from a strong resistance zone—let’s look for a sell setup! • Trade Setup 📉 📊 • Entry Zone: 190.00 – 190.30 🔻 • Take Profit 1 (TP1): 189.70 🔻 • Take Profit 2 (TP2): 189.30 🔻 • Take Profit 3 (TP3): 188.70 ⭕ • Stop Loss (SL): 190.80 Technical Analysis Setup: • Strong rejection from key resistance zone. • Bearish structure forming with lower highs expected. • Clean downside potential with risk-to-reward favoring short entries. ⚠ Risk management is key! Stay patient and let the market come to you. Do trade at your own risk.
Short
by AlexParker_trader
1
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
LOOKING TO TAKE THIS MARKET LONGGBP/JPY 1H - I am looking to take this market long as well, I am expecting weakness in the dollar this week and this market backs my thoughts based on the fundamentals. We have seen that price has come to trade back into this area of Demand and in doing so has provided us with the potential means to get involved with some long trades. In order for me to take part in this market long though I want to get involved with a refined entry, I have gone ahead and set an alert just above zone price has traded into recently and one above the zone lower. I want to see price either correct itself fractally now, trading down to clear the FVG or lower down and into the large Demand Zone I have marked out for us. I will update you all when I have something.
Long
by Lukegforex
GBPJPY Potential longsFX:GBPJPY After a week of bearish movement, the price has finally broke and closed above last week's high. This pair may give opportunity for some short-term bullish momentum towards the upside. On yesterday's PMI news, price broke above the fib zone and came back retesting, before continuing its second expansion upwards. Price has previously broke above the 4H swap zone but quickly came back to the 1H support zone at 188.24 and retested twice without breaching the support zone. This gives us extra confluence for entering longs. For swing trading, we can take buys from the second half of the swap zone to the end of the 0.79 fib zone. The reason why we could also enter buys off the 4H swap zone is because price has already retested once on the fib zone, and the swap zone remains as a very strong support. As for intraday and scalping, I’d prefer to wait for short timeframe confirmations and enter with a smaller stop loss for more precise entry. We can target the buys towards 4H resistance zone at 191.180. Trade safely 😃
Long
by CandleCipher
GBPJPY Trapped In A Triangle RangeGBPJPY made a very strong reversal in the second half of 2024, following a sharp drop of more than 10%, with an aggressive bearish impulse and also broke the lower trendline of the impulsive channel back in August. Since then, the first recovery unfolded in three waves, suggesting this move could be part of a complex correction—currently still unfolding as a wave B pause. Ideally, this structure is forming a triangle, especially as the drop back to the recent April lows also looks corrective. So, I believe the triangle scenario is the most likely scenario here, and price could now be heading toward the upper side of the range if risk-on sentiment continues. Still, upside may be limited, as this range could stay in play until all A-B-C-D-E legs are completed. If correct, wave C for a deeper move lower is still missing and could develop later this year. Grega
by ew-forecast
GBPJPY - Retest of the top, sell opportunity?The GBP/JPY chart shows an intriguing setup as price has recently rebounded from its early April lows near 184.00 to approach the 191.50 level, which now represents a significant local high. If we see another break of this level followed by rejection, the pair could be forming a classic double top pattern at the highlighted resistance zone between 191.50-192.00. This technical formation would be particularly noteworthy given that this resistance area previously served as support in late March before the sharp April selloff. The red zigzag line on the chart suggests a potential path where price might make one more push up before reversing lower. Traders should watch for bearish price action confirmation at this resistance zone—such as rejection candles, bearish engulfing patterns, or momentum divergence—which would strengthen the case for a short position with a reasonable stop above the double top formation and targets potentially toward the lower support zone around 187.00. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by financialflagship
GBPJPY INTRADAY rising wedge capped at 190.96The GBPJPY pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 190,96 which represents the current intraday swing high. In the short term, an oversold rally from current levels, followed by a bearish rejection at the 190.96 resistance, could lead to a downside move targeting support at 184.78 with further potential declines to 182.70 and 177.80 over a longer timeframe. On the other hand, a confirmed breakout above the 190.96 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 192.65 resistance, with a potential extension to 194.33 levels. Conclusion: Currently, the GBPJPY sentiment remains bearish, with the 190.96 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