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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBP/JPY "The Dragon" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the GBP/JPY "The Dragon" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The heist is on! Wait for the breakout, then make your move - Bullish profits await!" however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Using the 2H period, the recent / nearest low or high level. Goal 🎯: 199.000 (or) Escape Before the Target Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, Sentimental Outlook: The GBP/JPY "The Dragon" Forex market is currently experiencing a neutral trend,with a slight bias towards bullishness. driven by several key factors. ⭐Fundamental Analysis The Bank of Japan's monetary policy and the UK's economic growth will play a crucial role in determining the pair's direction. The UK's inflation rate and interest rate decisions will also impact the pair's movement. ⭐Macroeconomic Analysis The global economic growth, trade policies, and geopolitical tensions will influence the pair's movement. The US dollar's strength and the euro's weakness will also impact the GBP/JPY pair. ⭐COT Report The latest COT report shows that speculative traders are net long on the GBP/JPY pair, indicating a bullish sentiment. ⭐Sentimental Analysis The market sentiment is mixed, with some traders expecting a bullish movement due to the UK's economic growth, while others are bearish due to the global economic uncertainty. ⭐Institutional Trader Analysis Institutional traders are watching the pair closely, awaiting the Bank of England's interest rate decision and the UK's economic growth data. ⭐Retail Trader Analysis Retail traders are also cautious, with some taking long positions on the pair due to the UK's economic growth, while others are taking short positions due to the global economic uncertainty. ⭐Current Market Position Based on the analysis, the current market position for GBP/JPY is: Day Trade: Neutral (40% bullish, 30% bearish) Swing Trade: Slightly bullish (55% bullish, 25% bearish) Please note that these percentages are approximate and based on general market sentiment. They should not be taken as investment advice. ⭐Outlook Based on the analysis, the GBP/JPY pair is expected to move into a neutral direction in the short term, However, the movement is likely to be volatile, and investors should be cautious ahead of the Bank of England's interest rate decision and the UK's economic growth data. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
by Thief_Trader
1
GBPJPY - 1hr ( Buy Trade Target Range 180 PIP )☑️ Pair Name : GBP/JPY Time Frame : 1hrs Chart / Close Scale Type : Large Scale Best Break Our / Key level's 1hr Tf The GBP/JPY currency pair, analyzed on a one-hour chart with a large scale, indicates a bullish sentiment following a breakout at the key level of 192.950. This level, characterized by high trading volume, serves as a critical threshold for potential upward movement. Traders should closely monitor this area for confirmation of sustained bullish momentum. ☑Bullish After Break Out key level + High Volume / 192.950 Area
Long
by GentleGoldenEngine
3
GBP/JPY Made H&S Pattern , And It`s Confirmed , Let`s Sell It We have a very clear head and shoulders pattern here and also the price closed below neckline , so we can wait the price to go back to retest neckline and give us a bearish price action and then we can enter a sell trade . This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Short
by FX_Elite_Club
1
GBP/JPY Awaits Catalyst for Next Bullish ImpulseThe GBP/JPY currency pair is currently fluctuating within a defined range, and we anticipate a continuation of the bullish momentum following a rebound from the demand zone near the 190.000 level. The Commitment of Traders (COT) report indicates that retail traders are positioned on the short side, creating a contrarian buying opportunity. As we plan our buy limit orders, we are utilizing Fibonacci retracement levels to identify potential entry points. We believe that the price may revisit the 192.000 area, setting the stage for a new bullish impulse. Historical analysis suggests that the GBP/JPY has been trending upwards, driven by a strong British pound and a relatively weak Japanese yen. The pair has faced periods of congestion, particularly in the 190.000 – 192.000 zone, where it has been bouncing back and forth. However, with retail traders short, the market dynamics could shift in favor of buyers. In conclusion, the GBP/JPY is poised for a potential breakout, and we believe that a continuation of the bullish momentum is likely. As retail traders are positioned on the short side, we see this as a favorable buying opportunity. Our analysis suggests that the price may revisit the 192.000 area, setting the stage for a new bullish impulse. ✅ Please share your thoughts about GBP/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
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
1
GBPJPY POSSIBLE BUY?The market is currently testing the current Daily 0.61 & 0.786 Fib area. Based on 4HR TF, the market seems to be a possible reversal pattern which could lead to a possible reversal. We could see BUYERS coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Long
by WiLLProsperForex
1
GBPJPY ANALYSIS IS READY The image is a forex trading chart for the GBP/JPY currency pair on a 4-hour timeframe. It includes technical analysis with various annotations such as buy and sell signals, trend lines, target zones, and stop-loss levels. Here are the key elements in the chart: Target Zone: 199.293, indicating the expected price target. Demon Zone: A resistance area that the price needs to break through. Stop Loss: A predefined level to minimize risk in case of unfavorable price movement. Price Levels: Buy at 192.669 and sell at 192.633. Predicted Price Movement: Arrows indicate a potential bullish trend towards the target zone. This chart is likely used for strategic forex trading, helping traders decide entry and exit points based on technical analysis.
Short
by Mr_Ethan1
1
GBPJPY Long Continuation? Weekly Analysis • Trend & Structure: GBP/JPY remains in an ascending parallel channel on the weekly timeframe. Previously, a rising wedge pattern (May 8 – July 8) was broken, leading to the current consolidation phase. The structure remains higher high (HH) and higher low (HL), but a prior lower high (LH) has not been broken, indicating consolidation within an overall bullish trend. • SMAs: SMAs are stacked bullishly, suggesting a long-term uptrend. However, the 10 SMA is slightly below the 50 SMA, indicating a lack of immediate momentum and signaling potential consolidation. • Key Levels: • Support: Horizontal support at 170, coinciding with a bullish order block. • Resistance: Horizontal resistance at 203, with a bearish order block near 204. • Additional order block observed between 196-197. • Indicators: • RSI: At 48.78, pointing downward after rejecting off its RSI-based moving average. A trendline on RSI suggests a potential move toward 44 before resuming upward momentum. • MACD: Deep red histogram, with MACD and signal lines near zero, reflecting weak momentum. • ADX: Negative DMI (24.79) above Positive DMI (19.49), with ADX at 15.16, indicating consolidation with a bearish tilt. • ATR: Stable at 4.355, showing low market volatility. • Ichimoku Cloud: Price is inside or slightly below the cloud, indicating uncertainty and a bearish bias for now. • OBV: Decreasing trend, suggesting distribution. • Fibonacci: Price reacted off the 0.5 extension level near 195, rejecting downward after bouncing from the lower channel line at 190. Daily Analysis • Trend & Structure: Consolidation with a slight bullish tilt. The price is in a sequence of higher lows (HLs) and lower highs (LHs), currently forming a new lower high. • Key Levels: • Support: • 192.5, recently confirmed by price rejection. • 188, lower-level support. • Resistance: 200, aligning with historical resistance. • Order Blocks: • Bullish order block at 191 (aligned with the lower weekly channel). • Bearish order block at 196.5-198. • Additional bullish order block at 185. • SMAs: Price is below the 200 SMA and currently sits only above the 10 SMA, with the 50 and 100 SMAs acting as resistance. The SMAs suggest consolidation. • Indicators: • RSI: Declined from 53 to 47 but remains above its RSI-based moving average. • MACD: Bullish histogram (green), but both MACD and signal lines remain below zero. • ADX: Positive DMI slightly above Negative DMI, but ADX at 17.63 is sloping downward, indicating weak momentum. • ATR: Stable at 1.79, showing minimal volatility. • Ichimoku Cloud: Price broke below the cloud, rallied back, and rejected off it, reflecting bearish momentum. • OBV: Consolidating, no clear trend. • Fibonacci: Price rejected off the 0.5 Fibonacci extension level, aligning with the Ichimoku cloud area, and is now below the 0.382 level. 4-Hour Analysis • Trend & Structure: Price has been in a parallel ascending channel but recently broke below the lower channel line and is retesting it. The structure remains higher high and higher low but shows signs of weakening. • Key Levels: • Support: 190.3, coinciding with a bullish order block. • Resistance: 193.5, which aligns with the channel top and a bearish rejection area. • Indicators: • RSI: At 52.43, rebounding after breaking a descending trendline. • MACD: Bearish histogram (red) is waning, and MACD lines are above zero. • ADX: At 22.07, with Negative DMI above Positive DMI, suggesting a slight bearish tilt. • ATR: Stable at 0.796. • OBV: Consolidating with no clear trend. • Ichimoku Cloud: Price is finding support on the cloud after rejecting the cloud resistance during the prior rally. 2-Hour Analysis • Trend & Structure: The 2-hour chart mirrors the 4-hour ascending channel, and the price has rejected off the 200 SMA and is hovering near the lower channel line. • Key Levels: • Support: • 192, key bullish order block. • 189.7, deeper support level. • Resistance: 194.5, recent rejection area. • Indicators: • RSI: At 49.89, rebounding after hitting a low of 40.76. • MACD: Multiple prints of waning bearish momentum, with MACD and signal lines above zero. • ADX: At 20.61, with Negative DMI above Positive DMI, suggesting consolidation with a bearish tilt. • Ichimoku Cloud: Price remains above the cloud, finding support. Market Bias and Outlook Bias: Bullish consolidation. The overall trend remains bullish as the higher timeframes show an intact ascending channel structure. The recent bearish movement appears to be a liquidity grab after bullish breaks of structure. Fundamental Note: The Bank of Japan’s recent rate hike may introduce short-term bearish pressure on GBP/JPY. However, the market appears to have partially priced in the news. Unless a confirmed break of structure occurs to the downside, the primary bias remains bullish with consolidation. Key Levels and Setup • Weekly Support/Resistance: • Support: 170, 190-192 (bullish order blocks). • Resistance: 196-197, 200-204 (bearish order blocks). • Daily Support/Resistance: • Support: 188, 192.5. • Resistance: 196.5-198, 200. • 4-Hour/2-Hour Order Blocks: • Bullish: 190.3-192. • Bearish: 193.5-194.5, 196-197. Trade Plan 1. Wait for Price Action to Recover Ascending Channel: • Monitor for bullish momentum resumption on the 4-hour or 2-hour chart, such as: • RSI moving above 50. • MACD printing green momentum. • ADX showing a rising Positive DMI. 2. Entry Criteria: • Primary Entry: Retest and bounce off the lower channel line (190.5-192). • Secondary Entry: Break above 193.5, confirming bullish momentum, targeting 196.5-198. 3. Stop Loss (SL): Below 190, considering the order block. 4. Take Profit (TP): • TP1: 196.5-198. • TP2: 200-203 (weekly resistance zone). Conclusion GBP/JPY remains bullish but is consolidating. The current structure suggests a potential resumption of upward momentum after liquidity grabs at support levels. Caution is warranted due to fundamental influences from the Bank of Japan’s recent policy decisions. Monitoring key support levels and waiting for bullish confirmations will provide the most favorable risk-to-reward opportunities. Stay tuned for precise entries as momentum resumes.
Long
by EliteMarketAnalysis
1
ShortThe analysis outlines a technical scenario for a financial instrument based on key support and resistance levels: 1. **Resistance at 199.790**: - As long as the price remains **below this level**, the **downtrend is expected to resume**. This resistance acts as a ceiling, where selling pressure may dominate, reinforcing the bearish bias. - A **break above 199.790** would **invalidate the downtrend forecast**, suggesting potential bullish momentum or a trend reversal. Traders might consider closing short positions or reevaluating the bearish thesis. 2. **Support at 182.782**: - A **break below this level** would confirm the **resumption of the downtrend**, signaling increased selling pressure and likely triggering bearish entry points. - Until support breaks, the downtrend lacks confirmation, and the price could consolidate or retrace within the range. ### Key Takeaways: - **Bearish Scenario**: Price stays below 199.790 and breaks 182.782 → Downtrend continuation. - **Bullish Signal**: Price breaks above 199.790 → Downtrend invalidated; watch for reversal patterns or upward momentum. - **Risk Management**: Traders might place stops above 199.790 for short positions or use the support break as a trigger to enter shorts. This framework emphasizes clear levels for decision-making, aligning with technical principles of trend validation and invalidation.
Short
by Rohan_Jas
1
GBP/JPY Extends Short-Term Downtrend as Selling Pressure IntensiThe Japanese yen continues to strengthen against the British pound, benefiting from its safe-haven appeal as trade tensions escalate. Increasing speculation over potential US trade tariffs on the UK and the European Union has heightened uncertainty, prompting investors to seek refuge in low-yielding, risk-averse assets such as the yen. Technical Analysis On the 1-hour chart, GBP/JPY remains firmly within a short-term downtrend, with sellers maintaining control as the pair approaches critical support at 190.601, the last recorded swing low. A clear break below this level would reinforce the bearish outlook, opening the door for further downside targets at 190.337, 190.002, and 189.632. Technical indicators confirm the increasing selling pressure: Bollinger Bands are trending downward, signaling strong bearish momentum. RSI is in the oversold region, reflecting persistent selling pressure. MACD remains firmly in negative territory, suggesting that downside momentum is accelerating. The 100-period moving average is diverging lower, reinforcing the prevailing downtrend. However, if buyers regain control, they must reclaim the 191.570 resistance level to challenge the upper boundary of the bearish structure. A break above this level would invalidate the current bearish scenario, potentially signaling a shift in momentum.
Short
by Errante
1
GBPJPY in doubt due to BOJ rate meeting GBPJPY after a false breakdown confirms the strong level of 190.67 and tries to strengthen within the upward price channel from D1. The price is at a rather important resistance that could open the way to 200.00, but the situation is strained by the expectation of Friday's rate news from the central bank of Japan. A rate cut could strengthen the JPY, but remarkably, the chart hints at a possible upside attempt. Scenario: A correction could form from the level to 0.5 fibo, zones of interest or to the rising support line. The bulls are interested in the GBPJPY growth continuation on the background of the pound strengthening due to the dollar correction, thus it can be assumed that the growth will continue after the correction. The scenario will be broken if the price breaks the ascending support line on the news background
Long
by AndeWave
8
GBPJPY → The CBJ has raised rates. What's in store for the pair?FX:GBPJPY experienced an attempt to break through resistance and rise, but failed to realize the intention as traders do not believe in bullish movement due to the actions of the Central Bank of Japan The Central Bank of Japan raised the rate by 0.25% to the highest since 2008. The bank sees accelerating inflation, a slowing economy and is likely to raise the rate further if inflation continues to rise. Fundamentally, the situation may trigger a fall in the currency pair, but it may be restrained due to the Pound's strength against the Dollar. Nevertheless, I assess the situation regarding a false break of resistance from the technical part, and from the fundamental part from the Japanese action, as they are targeting the medium term. Resistance levels: 193.00 Support levels: 192.00, 190.55 Another attempt to retest resistance before a further drop is possible. Traders are starting to build up longs on the Yen, which may lead to a bearish correction of the currency pair. Regards R. Linda!
Short
by RLinda
16
GBP/JPY $$$ So, there are 3 scenarios for GJ: Scenario 1: After the formation of a bullish MSS and the formation of an order block and with the confirmation, we enter a buy trade. Scenario 2: After the breakdown of this area and the retest of the order block formed from the breakdown with confirmation, we enter a sell trade to the Asian floor or the 4-hour zone. Scenario 3: After the collision with the 4-hour zone with the formation of a 15-minute MSS and a 5-minute confirmation, we enter a buy trade.
by aryaaparsii
Bearish drop?GBP/JPY is rising towards the pivot which is a pullback resistance and could drop to the 1st support which acts as a pullback support. Pivot: 192.49 1st Support: 190.55 1st Resistance: 193.70 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. ICmarkets Following Unfollow IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity. Also on:
Short
by ICmarkets
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: Imminent bullish breakout. Long term target 208.000GBPJPY is neutral on its 1D technical outlook (RSI = 49.276, MACD = -0.320, ADX = 25.216) as it is consolidating around its 1D MA50. The Channel Up since the August 5th 2024 Low as well as its RSI structure, draws comparisons with the 2023 Channel Up, which after one last pullback, it rebounded to the 2.0 Fibonacci extension and beyond. We're turning bullish (TP = 208.000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
Update: GBP/JPY +50 Pips Congratulations If U Entered Update: the price moved exactly as i mentioned before. It broke the neckline, retested it and moved +50 Pips. Congratulations all if u entered with me. We have a very clear head and shoulders pattern here and also the price closed below neckline , so we can wait the price to go back to retest neckline and give us a bearish price action and then we can enter a sell trade . This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Short
by FX_Elite_Club