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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBP/JPY Eyeing 19.200 After Bullish Pennant FormationGBP/JPY 30-Minute Chart Analysis Pattern: Bullish Pennant Target: 192.200 Market Structure: The chart illustrates a classic bullish pennant: A strong bullish impulse (flagpole) led price sharply from around 189.400 to 191.400. This was followed by a tight consolidation phase, forming a pennant with converging trendlines. The consolidation shows a battle between buyers and sellers, but within a bullish context, it's a sign of potential continuation. Technical Outlook: The price recently bounced off the pennant's lower trendline, showing buyers defending support. A breakout above the pennant resistance near 191.400 would confirm bullish continuation. The consolidation is occurring near recent highs, indicating bulls are in control and preparing for the next leg up. Projection & Target: Flag pole height: Approximately 200 pips. Breakout projection: From 191.400 breakout zone, add 200 pips. Target: 192.200 Trade Plan: Entry: After a confirmed breakout above 191.400 (preferably with volume or a strong candle close). Stop-Loss: Below recent swing low or pennant support (190.800). Take-Profit: 192.200
Long
by Trend_logic
Golden Pattern Alert! Inverse Head & Shoulders Spotted on GBP/JPHi traders! Analyzing GBP/JPY on the 1H timeframe, price is showing signs of a potential bullish reversal with the formation of an Inverse Head and Shoulders pattern: 🔹 Entry: 189.25 🔹 Take Profit (TP): 190.85 🔹 Stop Loss (SL): 188.25 After a strong downtrend, price formed an inverse H&S pattern with the right shoulder completing near the ascending trendline support. A breakout above the neckline around the 189.20 level confirms bullish intent, with momentum supported by a close above both the neckline and the 200 EMA. RSI is also turning up, showing strengthening bullish momentum. The breakout candle is clean, with volume picking up slightly adding confidence to the setup. If the pattern plays out fully, the projected target aligns with the upper boundary of the ascending channel around 190.85, which also acts as a confluence zone from previous structure. ⚠️ DISCLAIMER: This is not financial advice. Every trader is responsible for managing their own risk and strategy.
Long
by FXOnTop
GBPJPY | Trendline Breakout & Retest Zones Identified (4H Chart)GBPJPY broke out of a well-respected upward trendline, followed by a retest of previous support levels now acting as resistance. • Breakout Confirmation: Sharp drop after trendline violation. • Key Zones Marked: • Support #1 flipped to resistance. • Previous Low acting as resistance. • Multiple support zones at 188.60, 186.78, and 185.88. This setup could present short opportunities if price rejects from resistance, targeting the lower support levels. A break above resistance may invalidate the bearish setup. Watching price action around these levels for confirmation.
by PIPANALYTICA
3
gbpjpy shrinking to short next week GBP/JPY SHORT SETUP – Swing Target: 188.200 Pair: GBP/JPY Timeframe: 4H Entry: 190.596 TP: 188.200 SL: 190.950 (above recent resistance) Risk–Reward: ~6.5R (239.6 pips reward / 35.4 pips risk) 📊 Technical Summary: Bearish MACD crossover – downside momentum building QQE Mod histogram shows rising bearish pressure RSI weakening under 50 – favors sellers Price rejected EMA 100/200 zone – acting as dynamic resistance Candle structure: Lower high formed, weakness at 191.3 High-volume resistance around 191.0 – strong sell wall Previous support zone near 188.20 – realistic swing target 🎯 Probability of TP Hit (188.200): ✅ Conservative estimate: 55–60% Higher probability if price closes below 190.30 on strong volume. 🧠 Idea: Expecting a swing move down as bullish momentum fades and structure shifts lower. Disclaimer: Not financial advice. Manage risk responsibly and adapt to price action.
Short
by abdulghani266
GBPJPY is consolidating within a downtrendGiven that Russia has caused for a ceasefire for the next 3 days, we may see some fluctuations happening for the safe haven currency, JPY. However, because it's only for the next 3 days and not for an extended period of time, people might be hesitant to pullout from the japanese yen. Thus, as the war continues, I believe JPY would continue to strengthen and cause GBPJPY to go down. Please do not risk more than 1% per trade。 If you like the idea, please help like the post and comment down your thoughts below! I would love to hear your thoughts!
Short
by MidasEdge
GBP/JPY – Rejection at Resistance! Bears Ready to Strike?GBP/JPY has surged into a key resistance zone around 191.200, where price has previously reacted strongly. A rising wedge pattern and bearish rejection candle suggest a potential reversal is underway. I’ve entered a short position at 191.046, anticipating a drop back toward the 189.900 demand zone. This setup offers a clean 1:3 risk-to-reward with confluence from structure, trendlines, and momentum shift. Trade Details: • Entry: 191.046 • Stop Loss: 191.445 (above resistance) • Take Profit: 189.926 (previous demand/support zone) • Bias: Bearish reversal • Timeframe: 30m Let’s see if the bears take control!
Short
by Profx001
GBPJPY – Correction Could Offer a Good EntryA few days ago, I mentioned that GBPJPY could rise and test the 195.00 handle – and that idea still stands. After pushing up to 191.75, the pair began to correct, which might be just what we needed: a chance to enter a long trade at better levels. Is this correction a healthy pullback before resumption of the up move? For now, it looks like a typical retracement within an uptrend (bullish flag). The 190.00 zone, highlighted on the chart, is the ideal spot for long setups. Why 190.00 is key: - Strong horizontal support. - Great risk-reward potential, with over 1:2 R:R possible. - Price remains in bullish structure above 188.00. Trading Plan: Look for bullish confirmation around 190.00 – this zone could provide an excellent buying opportunity. However, a break below 188.00 would invalidate the setup and call for caution. Until then, buying the dip remains the plan. Let the correction finish, and be ready to ride the next wave higher. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Long
by Mihai_Iacob