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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBP/JPY Bearish Channel (20.01.2025)The GBP/JPY Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Channel Pattern. This suggests a shift in momentum towards the downside in the coming hours. FX:GBPJPY Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 188.64 2nd Support – 188.00 🎁 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
23
GBPJPY Update: Bulls in Control? Watch This Key Move Unfold!We’re back with an update on our GBPJPY trade on January 20th, Martin Luther King Day. If you haven’t seen our previous breakdown, be sure to check it out to see how everything unfolded step by step. We’re still holding strong at the 190.02 level, and despite a wick on the weekly candle, there’s a lot of selling pressure within that move. Scaling down to the daily timeframe, we saw a liquidity sweep at 189.54, which provided confirmation for potential upside. On the H4 timeframe, a bullish engulfing candle confirmed a break of structure on H1, pushing price to 190.40. We patiently waited for a pullback and entered our first position on Friday, with stops placed below the 189.38 level, targeting a 1:1.5 risk-to-reward, which was successfully hit at 190.97. Today, January 20th, we added a second position after the breakout of the 190.40 level, entering at 190.53, with stops secured below the 189.88 area. This position has also reached its 1:1.5 target, and we’re now riding it risk-free, aiming for further liquidity grabs. We’ve already cleared liquidity at the 190.91 and 190.50 levels, with the next targets set at 192.40 and potentially 193.00, where we anticipate consolidation before a push to 194.70, a key liquidity zone. Currently, we’re floating at 82 pips in profit, and our first target is secured while we hold for potential further gains. Let’s see how this unfolds! 📈 If you found this helpful, make sure to like, boost, and share it with your fellow traders. Stay tuned for more updates!
Long
by BlueOceanFxAcademy
2
GBPJPY POSSIBLE SELL CONTINUATIONGBPJPY the precious pair has been on an overall bearish move on the Monthly TF. Since last week we saw price unable to break the 199 price level after a second retest, pushing The Beast down, creating Lower Highs and Lower Lows. Its also worthy of note that that area is also the second touch of the Monthly 61.8fib. Following the current Bearish move, price is currently at the 61.8fib level of the last impulse move. This Fib Level also coincides with the descending trendline and the area of Support turned Resistance. We look out for a sell comfirmation to get into a sell OR we wait for price to break the last Lower High which is the 193 price area to comfirm a change of Character.
by KAYCEEFX1
GBP/JPY Sell Trade – Targeting 190.20076Pair: GBP/JPY 💷💴 Direction: Short 🔽 Target: 190.20076 🎯 Time Horizon: By Monday, Jan 20, 22:00 UTC ⏳ The pair has recently tested higher levels and is now showing signs of potential exhaustion. Current market behavior suggests a retracement toward the 190.20076 level, aligning with previous price action dynamics. This trade is time-sensitive and expected to develop by Monday at 22:00 UTC. Market factors, including JPY strength and broader risk sentiment, may contribute to the anticipated movement. Monitoring price action closely for further confirmation of the expected pullback 🔍.
Short
by GlobalHorns
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.
Long
by syomking76418
GBPJPY - Will the pound continue to weaken?The GBPJPY currency pair is below the EMA200 and EMA50 in the 4-hour timeframe and is moving in its upward channel. If the corrective movement continues towards the supply zone, we can sell with a suitable risk reward. According to the latest Bloomberg survey, the UK government faces significant challenges in restoring investor confidence, as the pound and British bonds continue their downward trend. Following a decline in UK markets early in 2025 due to rising concerns over debt and inflation, about 51% of the 250 participants in last week’s survey predicted the pound would fall to between $1.15 and $1.20 by the end of June. This would mark the currency’s weakest level in over two years. Meanwhile, 45% of participants anticipate greater volatility in the pound, with 10-year UK bond yields expected to rise above 5% this year.Taylor, a member of the Bank of England, emphasized the importance of staying vigilant against potential risks. He suggested that recent data indicate a worsening economic outlook and that interest rates should be reduced promptly to avoid further challenges. In Japan, households expect prices to rise in the coming year. The percentage of households with such expectations increased slightly from 85.6% in the previous survey to 85.7%. However, five-year inflation expectations have seen a slight decline. According to the Bank of Japan, average annual inflation expectations among households stand at 11.5%, based on the latest survey. Goldman Sachs economists predict that the Bank of Japan will raise interest rates next week. The firm also remains optimistic about the yen, expecting any action by the Bank of Japan in January to support the currency. Market pricing suggests that an interest rate hike by the Bank of Japan is almost certain. According to Bloomberg, Kazuo Ueda, Governor of the Bank of Japan, will evaluate the need for a rate hike on Friday. Expectations for an interest rate increase have grown, provided that potential shocks from the early days of Trump’s presidency do not materialize. While other central banks, particularly the Federal Reserve, are focused on rate cuts, the Bank of Japan is moving in the opposite direction, aiming for a gradual return to conventional monetary policies. The Bank of Japan is set to announce its first interest rate decision of 2025 on Friday. During its final meeting in 2024, the bank decided to keep rates unchanged. Governor Ueda stated that more data is needed to justify a rate hike, highlighting concerns about wages and uncertainties surrounding Trump’s economic policies. Since then, new data has shown a significant rise in November inflation, with December inflation pressures also intensifying. Wages also grew in November. Additionally, a summary of opinions from the December meeting indicates that a rate hike could occur sooner than investors anticipate. Given these developments and recent remarks from BoJ officials, investors assign an 80% probability to a 0.25% rate hike. However, the Bank of Japan has a long history of disappointing expectations for rate increases. If Trump adopts an aggressive stance on tariffs in his upcoming speech, the BoJ may once again refrain from raising rates, potentially leading to a decline in the yen. If the Bank of Japan does raise interest rates, the yen is likely to strengthen, but the associated risks are asymmetrical. The negative impact of refraining from a hike could outweigh the positive effect of an increase. Nonetheless, a further decline in the yen might prompt Japanese authorities to intervene to support the currency.
Short
by Ali_PSND
GBPJPY Analysis: Swing 20/01/2025 GBPJPY Analysis: Key Levels to Watch Since rejecting 198.500 on January 8th, GBPJPY has been in a steady bearish descent, completing an M-structure on the daily timeframe. Fundamentals continue to support JPY strength in the coming days and weeks, suggesting further bearish momentum. However, keep in mind that we could see a bullish pullback before the next leg down. For now, the key level to watch is 190.400. If we get a daily bearish close below this level, it could open the door for a move toward 187, offering a potential 400-pip opportunity before reassessing. Patience is crucial—no trade unless we see a confirmed break below 190.400
Short
by Thetraderscollective