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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBP/JPY Analysis – 1H & Daily TimeframesCurrent Price: ¥188.48 1-Hour (H1) Chart Analysis: 📌 Downtrend in Play – GBP/JPY is trading within a descending trendline (red), showing continuous lower highs and lower lows. 📌 Support Around ¥188.00 – The pair found temporary support near ¥188.00, aligning with the green trendline, indicating potential buying interest at this level. 📌 Resistance at ¥190.00 – The descending trendline and recent price action suggest that ¥190.00 is a key resistance zone. Any upside move could face rejection here. 📌 Indicators: ✔️ Price remains below short-term moving averages, confirming bearish momentum. ✔️ A break above ¥190.00 would be needed to shift momentum toward bullish recovery. ✔️ A breakdown below ¥188.00 could open doors to ¥186.50 or lower. H1 Prediction: 📉 Bearish Scenario: If GBP/JPY fails to break above ¥190.00, expect further downside toward ¥188.00 and possibly ¥186.50. 📈 Bullish Scenario: A break above ¥190.00 could trigger a rally toward ¥192.00, but strong resistance exists at the trendline. Daily (D1) Chart Analysis: 📌 Strong Downtrend Since ¥200.00 – GBP/JPY has been in a bearish structure, consistently rejecting from lower highs. 📌 Bearish Wick Rejection – Recent price action shows a bearish wick, indicating selling pressure at higher levels. 📌 Descending Triangle Formation – The pair is forming a descending triangle, with lower highs and support around ¥185.00 - ¥186.00 (blue horizontal line). 📌 Indicators: ✔️ The trend remains bearish as price trades below key resistance levels and moving averages. ✔️ If ¥185.00 - ¥186.00 support breaks, expect further downside to ¥180.00. ✔️ A bullish reversal is possible only if ¥192.00 is breached. D1 Prediction: 📉 Bearish Scenario: If GBP/JPY continues to reject lower highs, expect ¥186.00 - ¥185.00 to be tested soon. A break below this could send price toward ¥180.00. 📈 Bullish Scenario: A break and close above ¥192.00 would signal a trend shift toward ¥195.00+. Final Outlook: 🚨 Overall Bias: Bearish 🔸 Short-Term (H1): Watching for a retest of ¥190.00 resistance or further downside toward ¥188.00. 🔸 Long-Term (D1): GBP/JPY remains bearish unless it breaks above ¥192.00. 💡 Strategy: ✅ For sellers: Look for rejections at ¥190.00 and target ¥186.00. ✅ For buyers: Wait for a confirmed breakout above ¥192.00 before considering a long position. 📊 GBP/JPY remains in a clear downtrend—until key resistances break, the trend favors the bears! 🚨
Short
by DhandaTheGreat
Lingrid | GBPJPY short Opportunity from CONFLUENCE ZoneFX:GBPJPY market made an impulsive leg followed by a pullback. The price broke and closed below the 191,000 level before pulling back to retest it. Subsequently, the price broke above the previous day's high but formed a double top in this area. On the 4H timeframe, we can observe a long-tailed bar, indicating rejection at this level. I anticipate that the price will continue to move downward, retesting the recent support level, and I expect the weekly candle to close as a full-body bearish candle. My goal is support zone around 189.000 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
11
GBP/JPY: Uncertainty and Bearish PressuresGBP/JPY has shown a volatile trend in recent sessions, with a combination of ups and downs highlighting a phase of uncertainty. The last closing on February 15, 2025, at 191.618 marks the beginning of a bearish trend after the doji on February 14. This movement reflects a complex dynamic, where macroeconomic and technical factors play a decisive role in price direction. The recent rebound was supported by positive UK GDP data, which helped the pound recover from bearish pressures over the past months. Notably, on February 12, a reversal of the bearish trend occurred, with GBP/JPY starting to regain ground due to an improvement in market sentiment. Additionally, the strengthening of US inflation negatively impacted the Japanese yen, pushing GBP/JPY up by 1.22% around February 12, driven by a weaker yen following the increased strength of the US dollar. However, despite these positive elements, the Bank of England’s monetary policy has introduced uncertainty, with a dovish stance fueling pressure on the pound. The interest rate cut has raised concerns about further depreciation, negatively affecting GBP/JPY. Added to this is the earlier decline in early February, triggered by disappointing UK economic data and expectations of further BoE interventions, which contributed to a widespread bearish sentiment. From a technical perspective, the price is currently in a consolidation phase between 187.610 and 193.120, with a structure suggesting a possible expansion of volatility in the coming weeks. The key resistance at 193.120 represents a critical obstacle for a potential continuation of the bullish trend, while support at 187.610 remains the main level to watch in case of renewed bearish pressure. A breakout above the 193.50 threshold could confirm further pound strengthening, while a break below 188.00 could reopen scenarios of weakness. With a combination of technical and macroeconomic factors in play, GBP/JPY’s trend remains subject to upcoming BoE decisions and the evolution of global economic conditions, making it crucial to monitor upcoming economic releases to determine the market’s direction.
Short
by Forex48_TradingAcademy
3
GBPJPY D1We're currently within a broad consolidation range, with price action indicating a potential liquidity grab towards lower levels. A daily (D1) support zone has been breached, and we're observing a bearish correction channel. I'll be monitoring the next D1 support zone or the 'key liquidity area' for reversal patterns, signaling potential long opportunities. A break below this key liquidity area would shift the overall structure to bearish. Note that JPY strength, driven by BOJ policies, warrants close attention next week. Best regards.
Long
by KeepItsimple74
GBPJPY ROUTE MAPHello Traders, Today, as we analyze the GBPJPY pair, we’re focusing on potential price movements through the lens of support, resistance, and price action on the 4-hour timeframe. Based on this analysis, I’m leaning towards a bullish move in the market. These insights are drawn from the key levels on the larger timeframe. Now, we will take a closer look at the smaller timeframes, to refine our analysis and pinpoint our ideal entry point. Patience is key. Let the price come to our zone, then take confirmation to enter the trade with confidence and swing it fully. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. #GBPJPY 4H Technical Analyze Expected Move.
Long
by TradeTacticsreal
1
GBP/JPY - Triangle Breakout (Weekly Forecast Feb 24-28)The GBP/JPY Pair on the H4 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 185.04 2nd Support – 182.94 🎁 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, KABHI_TA_TRADING Thank you.
Short
by KABHI_TA_TRADING
17
GBP/jpy sell zone @188.50 H4 chart analysisHere’s a polished version of your trading signal post: GBP/jpy Sell Signal Entry: 188.50 1 Tp 187.50 2 tp 186.00 3 tp 184.00 Target: 184.00 Stop-Loss: 190.00 📊 Trade with caution. Manage your risk wisely! Would you like me to help you create a graphic or suggest hashtags for better reach? It looks like you're identifying a sell zone around 191 on the H4 chart for GBP/JPY. Here’s a quick breakdown of how you might present this analysis:
Short
by Geroge_Fx
GBP/JPY 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE This is a GBP/JPY 1-hour chart from TradingView, showing price action analysis. Here’s what it suggests: The red highlighted zone represents a support area around 188.000. The black arrows indicate a potential bullish reversal from this support, suggesting a bounce and a move toward higher levels. The purple lightning icon may indicate a key support level or an area of high interest (potential demand zone). This analysis implies that if price respects the support zone, a bullish move could follow. However, if it breaks below, further downside could be expected.
Long
by DavidHills110
1