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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

Beautiful selling setup for GJGBP/JPY currency pair on a 4-hour timeframe, showcasing a bearish market structure. The chart highlights a "Change of Character" (ChoCh) signaling a potential shift to a bearish trend. A key selling zone is marked near the 194.30 level, with a stop-loss (SL) placed slightly above this zone to manage risk. The identified target lies significantly lower, around the 189.00 level, indicating a potential downside move. The setup suggests a short-selling opportunity within the highlighted zone, aligning with the bearish trend confirmation. Traders may find this setup useful for analyzing potential risk-reward scenarios in the market
Short
by ARSLAN_SHAHID
1
GBP/JPY Analysis - Potential Scenarios AheadIn this analysis, I highlight key support and resistance zones, along with possible market reactions. The blue zones represent significant areas of interest, where price could either bounce or break, leading to further movement. My outlook includes both bullish and bearish possibilities depending on price action and market sentiment. I’m keeping a close eye on the key levels marked and waiting for confirmation before executing trades. Let me know your thoughts or share your ideas in the comments! 🔍 Follow me for more insights and analysis!"
Long
by AEL_Education
GBPJPY Bank of Japan (BoJ) that issues statements and decides on the interest rates of the country. Its Governor is currently Kazuo Ueda. The BoJ has been applying very low interest rates for many years and even introduced a negative interest rate in January 2016, in an attempt lift consumer prices, which have been sliding for most of the past 20 years. Falling consumer prices is a concern for the country since they hurt corporate revenues and tend to stop spendings. The Japanese Consumer Price Index (CPI) is a key indicator closely monitored by traders of all JPY-related currency crosses.UK Government and its Prime Minister, Rishi Sunak who took office in October 2022, a day after becoming leader of the Conservative Party.
Long
by KingForex078
GBPJPY Set To Grow! BUY! My dear friends, Please, find my technical outlook for GBPJPY below: The instrument tests an important psychological level 193.09 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 195.03 Recommended Stop Loss - 192.17 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GJ sceneriosnews yesterday was pretty bad, tonights also but can be messy, im looking for this scenario, price 1hr closes under our entry, and the retest up to this zone gets slapped, im looking to short this. maybe not to tp, as there is quit some strong areas there, but maybe trail 15m highs when it dumps down. tonights news maybe damn messy, so if i enter this, likely small order, or i would want majority or major news tnt to be bad for usa. or all news to be done, then if this happens then i''ll trade it.
Short
by Formedzeus
1
Pound-yen’s uptrend still seems to be activeCompared to cable, the pound’s performance against the yen in the third quarter so far has been much better. The Bank of Japan’s governor Kazuo Ueda reiterated recently that any upcoming further rate hikes would be gradual and according to economic conditions. ¥205, corresponding to about ¥160 for dollar-yen, might be the area of further governmental intervention, but that’s not likely to be in view for GBPJPY for a while yet. ¥195 was an important resistance and technical reference in late September and for much of last month and seems likely to continue as a key area. This coincides with the value area between the 50 SMA from Bands and the 100 SMA. Now that volume has dropped off somewhat compared to earlier in November and ATR isn’t rising strongly, it’d be possible to see a pause for a few days as participants digest upcoming data. It’s not clear yet how strong the 50 SMA is as a potential dynamic support. The current situation favours the carry trade quite strongly since the differential is 4.5%, which seems quite unlikely to change drastically within the next several months at least. The next significant move up if it occurs probably depends on the return of higher volume, which could be in the middle of December around the British job report and the BoE’s meeting.
by Exness_Official
Bullish rise off pullback support?GBP/JPY has reacted off the pivot which has been identified as a pullback support and could rise to the 1st resistance which aligns with the 50% Fibonacci retracement. Pivot: 193.92 1st Support: 192.81 1st Resistance: 195.74 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.
Long
by ICmarkets
Pound-yen’s uptrend still seems to be activeCompared to cable, the pound’s performance against the yen in the third quarter so far has been much better. The Bank of Japan’s governor Kazuo Ueda reiterated recently that any upcoming further rate hikes would be gradual and according to economic conditions. ¥205, corresponding to about ¥160 for dollar-yen, might be the area of further governmental intervention, but that’s not likely to be in view for GBPJPY for a while yet. ¥195 was an important resistance and technical reference in late September and for much of last month and seems likely to continue as a key area. This coincides with the value area between the 50 SMA from Bands and the 100 SMA. Now that volume has dropped off somewhat compared to earlier in November and ATR isn’t rising strongly, it’d be possible to see a pause for a few days as participants digest upcoming data. It’s not clear yet how strong the 50 SMA is as a potential dynamic support. The current situation favours the carry trade quite strongly since the differential is 4.5%, which seems quite unlikely to change drastically within the next several months at least. The next significant move up if it occurs probably depends on the return of higher volume, which could be in the middle of December around the British job report and the BoE’s meeting. This is my personal opinion which does not represent the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness