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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBPJPY Buy signal on a 5-month bottom.The GBPJPY pair has been trading within a Channel Up since the August 05 2024 bottom and yesterday it made a Higher Low at the bottom of the pattern. This has been a buy opportunity 2/2 times and based on the similarities with the September 11 2024 Low, we can expect the new Bullish Leg to start and peak on the 1.5 Fibonacci extension. Our Target is 204.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
GBP/JPY 4H Chart Analysis:1. Key Level at 0.78 Fibonacci Retracement The blue marker at the bottom (190.650) represents a significant level where the market may find strong support. This level corresponds to the 0.78 Fibonacci retracement, which is often considered a potential reversal point during a downtrend. 2. Comparison of Moving Averages (MAs): The red moving average is currently below the yellow moving average, indicating that the market is in a downtrend. However, if the price reaches the support level (0.78 retracement), we may expect a reversal or upward movement. 3. Future Market Outlook: If GBP/JPY successfully bounces back from the 190.650 level, it is expected to move higher, potentially breaking through the 192.467 level. The green arrow drawn on the chart highlights the expectation of an upward trend. 4. Possible Scenarios: Scenario 1: If GBP/JPY reverses from 190.650 (0.78 Fibonacci level), it could climb higher toward levels like 195.000 or beyond. Scenario 2: If the market breaks below the 190.650 support, further downward movement could follow, indicating a continuation of the bearish trend. 5.My Recommendations: When using Fibonacci retracement, wait for the market to show clear signs of recovery at the 0.78 level before making any trading decisions. It’s crucial to monitor momentum indicators to confirm the trend reversal before entering the trade.
Long
by professionalgoldtrader
1
GBP/JPY 4H: Reversal Signals and Trading StrategiesOANDA:GBPJPY GBP/JPY 4H: Reversal Signals and Trading Strategies The chart shows the GBP/JPY currency pair on a 4-hour timeframe. The chart is filled with various technical indicators and annotations, including trend lines, Fibonacci retracement levels, volume profile, and momentum indicators. The price action is marked with terms like BOS (Break of Structure), ChoCH (Change of Character), and other annotations indicating significant price movements and potential reversal points. The chart also includes a Relative Strength Index (RSI) at the bottom and a volume histogram. Analysis: Price Action and Trend Lines: The price has been moving within a descending channel, indicated by the blue parallel lines. There are multiple BOS and ChoCH annotations, suggesting significant shifts in market structure. The recent price action shows a potential reversal from the lower boundary of the descending channel. Fibonacci Retracement: Key Fibonacci levels are marked, with the 0.618 level at 192.753 and the 0.382 level at 191.875. The price is currently testing the 0.618 Fibonacci retracement level, which is a critical resistance point. Volume Profile: The volume profile on the right side shows high trading activity around the 194.197 level, indicating strong resistance. Lower volume nodes around 192.247 suggest potential support. Momentum Indicators: The RSI is currently around the 30.31 level, indicating oversold conditions and a potential for a bullish reversal. The volume histogram shows decreasing bearish momentum, supporting the potential for a reversal. Buy Strategy: Entry: 192.247 (current price level) Take Profit 1 (TP1): 194.197 (previous high and volume resistance) - approximately 195 pips Take Profit 2 (TP2): 196.000 (next significant resistance level) - approximately 375 pips Stop Loss (SL): 190.080 (below recent low and support level) - approximately 217 pips Sell Strategy: Entry: 194.197 (if price fails to break above this resistance) Take Profit 1 (TP1): 192.247 (current support level) - approximately 195 pips Take Profit 2 (TP2): 190.080 (next significant support level) - approximately 411 pips Stop Loss (SL): 196.000 (above recent high and resistance level) - approximately 180 pips
by Alexgoldhunter
Bearish drop?GBP/JPY is rising towards the pivot which aligns with the 50% Fibonacci retracement and could drop to the 1st support. Pivot: 192.49 1st Support: 190.20 1st Resistance: 193.37 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
GBPJPY is Holding above the Support , All Eyes on BuyingHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
3
LONG GBP/GPY!Here is my current idea on GBP JPY for this week/month. Price has already bounced off the .618 level and unless I see new market structure being formed on the MTF (4HR etc) i will continue to believe price will reach the .705 fib level. If not I will update the chart and find a long position. As seen from the chart, I have 3 targets in place for this bullish idea, and I will need to see a close above 194.2 to validate it. Inflation rate news also coming on the 15th which could explain the bleeding of all GBP pairs last week and we are already near 'priced in' levels. But I will be cautious and leave an update on my thought process when it happens. Thanks if you took the time to read and good luck.
Long
by JJRoyalist
3
GBPJPY Update: A Short-Term Pullback or a New Opportunity?In this breakdown, we revisit GBPJPY to analyze the recent price action and map out potential trading opportunities. Here’s what we’re seeing: 📊 Key Highlights: • Range-Bound Market: GBPJPY continues to play within a range, oscillating between the 198.00 and 189.90 levels, with liquidity being swept on both ends. • Volume Surge: Recent spikes in volume suggest that the market may soon make a decisive move, but we’re waiting for the market to show its hand. • Short-Term Longs: Took advantage of a pullback and entered a buy position at 190.96, currently 56 pips in profit. Stops are now at break-even, and we’re closely watching the 192.90-193.90 zone for potential reversals. • Next Steps: Monitoring for rejections in fair value gaps and signs of bearish continuation. A strong rejection around the marked zones will signal the next shorting opportunity. While the pair remains range-bound, the liquidity sweep and volume patterns indicate potential for short-term longs and eventual shorts. With the market gearing up for volatility, this is a great time to stay vigilant and take calculated moves. The liquidity surge and upcoming economic events—especially with political changes on the horizon—make this a unique time to capitalize on currency volatility. Are you ready for what’s next? Join the discussion, share your thoughts in the comments, and don’t miss out on this detailed breakdown of GBPJPY. Let’s trade smarter in 2025!
Long
by BlueOceanFxAcademy
13
GBPJPY LONG GBPJPY Approaches Key Daily Order Block with Confluence at Larger Market Structure Trendline GBPJPY has reached a significant Daily order block, which aligns with the larger market structure trendline, presenting a high-confluence area for potential market reactions. Market Structure Analysis • Daily Timeframe: The pair is currently in an intermediate bullish structure, indicating upward momentum remains intact on the higher timeframe. • Lower Timeframes: • On the 4H timeframe, the structure is bearish, with the current down move finding support around the 100% Fibonacci extension—a common target for downward moves in corrective phases. • On the 2H timeframe, we are closely monitoring for a change in structure, specifically a break of a recent high. This would confirm a potential bullish shift, creating an opportunity to align with the larger trend. Trade Plan • Trigger for Entry: Await a clear change of structure on the 2H timeframe, signified by a new high. Once confirmed, look for a higher low (HL) to establish a precise entry point, riding the anticipated move upwards. • Target: If bullish momentum resumes, the next major level is the 198 region, which aligns with key resistance and may determine whether the market consolidates further on the Weekly timeframe or initiates a new trend. Key Considerations • Patience and Reactivity: There is a possibility that the lower timeframe structure does not shift to bullish, in which case we remain out of the market. It’s crucial to remain reactive to price action and avoid predictive biases, ensuring setups meet predefined criteria. • Risk Management: As always, prioritize disciplined risk management and let the market dictate the setup. This approach allows for a structured and disciplined response, increasing the probability of capitalizing on the next significant move in GBPJPY. For more ideas please Like and follow !
Long
by EliteMarketAnalysis
GBP/JPY Technical Analysis: Targeting 500+ Pips GBP/JPY is currently priced at 190.200, with a target price of 185.000, implying a potential gain of 500+ pips. The analysis indicates that the pair is approaching a major trendline, which acts as a strong support level. This suggests the price may reverse or consolidate around this level. A break below the trendline could signal further downside potential, aligning with the bearish target. The 500-pip gain signifies a significant price movement, highlighting the importance of proper risk management. Traders should monitor price action near the trendline for confirmation. The setup reflects a technical pattern where the trendline's strength will likely dictate the next move. This level serves as a critical zone for potential entry or exit decisions. Staying alert to market sentiment and economic events related to GBP and JPY is essential for validation.
Short
by AndrewsMarket-Mastery
WHATS'S FLOWING: GBPJPY ( FLASH SELL) The GBP/JPY pair appears to have experienced a Flash Sell, a sharp and rapid price movement likely triggered by an imbalance in liquidity or a market event. Such movements are common in highly volatile pairs like GBP/JPY, known for its sensitivity to both fundamental and technical catalysts. Observations: 1. Volatility: The flash sell suggests a significant shift in sentiment, potentially driven by risk-off market behavior, geopolitical factors, or unexpected economic news. 2. Key Levels: Price may have tested critical support zones, which could either hold firm or trigger further downward momentum if broken. 3. Market Sentiment: The movement could also be linked to changes in the broader market sentiment, such as shifts in Bank of Japan (BoJ) policies or interest rate expectations from the Bank of England (BoE). Potential Action: • Reassess Risk: If long, consider stop-loss adjustments or risk recalibration. • Monitor Fundamentals: Stay updated on GBP or JPY economic releases and central bank commentary. • Technical Focus: Observe support and resistance zones for signs of recovery or continuation of the downtrend. The pair’s behavior in the next sessions will be critical for determining whether this flash sell marks a temporary pullback or the start of a broader trend reversal.
Education
by moneymagnateash
WHATS'S FLOWING: GBPJPY ( FLASH SELL) The GBP/JPY pair appears to have experienced a Flash Sell, a sharp and rapid price movement likely triggered by an imbalance in liquidity or a market event. Such movements are common in highly volatile pairs like GBP/JPY, known for its sensitivity to both fundamental and technical catalysts. Observations: 1. Volatility: The flash sell suggests a significant shift in sentiment, potentially driven by risk-off market behavior, geopolitical factors, or unexpected economic news. 2. Key Levels: Price may have tested critical support zones, which could either hold firm or trigger further downward momentum if broken. 3. Market Sentiment: The movement could also be linked to changes in the broader market sentiment, such as shifts in Bank of Japan (BoJ) policies or interest rate expectations from the Bank of England (BoE). Potential Action: • Reassess Risk: If long, consider stop-loss adjustments or risk recalibration. • Monitor Fundamentals: Stay updated on GBP or JPY economic releases and central bank commentary. • Technical Focus: Observe support and resistance zones for signs of recovery or continuation of the downtrend. The pair’s behavior in the next sessions will be critical for determining whether this flash sell marks a temporary pullback or the start of a broader trend reversal.
Education
by moneymagnateash
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.
Short
by syomking76418
GBPJPY 1. Basic Structure of the Chart: This is a 4-hour (4H) chart showing the price movements of GBP/JPY. There are two Exponential Moving Averages (EMA) on the chart: The blue line (EMA 50). The yellow line (EMA 200). These EMAs are used to identify the trend direction and momentum of the price. 2. Gartley Pattern (Harmonic Patterns): The chart features a Gartley harmonic pattern, which is formed between the points X, A, B, C, and D. This pattern predicts a potential price reversal at point D, which is highlighted as a potential target zone. 3. Fibonacci Levels: The Fibonacci retracement and extension levels (e.g., 0.739, 0.567, and 0.734) are marked on the chart. These levels help identify possible reversal or continuation zones for the price movement. 4. Potential Price Direction: A red line is drawn, showing the anticipated bearish movement (price decline) toward point D. A green zone is also marked, indicating a target area where traders might take profits if the price moves as expected. The price currently appears to be in a bearish trend, as suggested by the descending triangle pattern and lower highs. 5. Trendlines (Support and Resistance): The chart has two trendlines: Resistance line (upper boundary of the triangle), which limits upward price movement. Support line (lower boundary of the triangle), which holds the price from falling further. The price is consolidating between these lines, and a breakout below the support is likely. 6. EMA Analysis: The price is below both the EMA 50 and EMA 200, signaling a bearish continuation. If the price remains below these EMAs, it indicates that sellers are in control, and the price may decline further. Conclusion: This chart suggests a bearish continuation, with a high probability of the price falling toward point D. Pay close attention to the Fibonacci levels, trendlines, and EMA positions to make informed trading decisions.
Short
by professionalgoldtrader
3
GBPJPY BUY NOW 📊GBP/JPY Analysis Update: 📊 🔄 Setup: Double Bottom Reversal in Progress 📍Current Price: ¥191.149 🎯 Target Zone: ¥193.073 - ¥194.543 🔒 Stop Loss: ¥189.763 The pair has tested the key support zone and is showing signs of a potential reversal. The formation of a double bottom suggests a bullish move is likely toward the target zones. The descending trendline breakout could act as further confirmation for this uptrend. Signal Combination Strategy: Look for bullish confirmation before entry. Enter around ¥191.150 with stop-loss protection at ¥189.763. Follow the secure trade rule: Set to break-even once the price hits ¥192.000 to minimize risk. The Queen Signal highlights reversal zones with high accuracy. Capitalize on potential gains while staying protected. 💼 Trade with Confidence—Enjoy the Ride! 🚀
by FOREXQUEEN_1