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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBP/JPY 1-Hour Chart Analysis: Bearish Rejection at 200 EMA! 📊 GBP/JPY 1-Hour Chart Analysis 📉 1️⃣ Trend & Key Levels: 📌 Price is testing the 200 EMA (190.674), acting as resistance. 🔻 Recent price action shows a rejection at this level, suggesting bearish pressure. 2️⃣ Trade Setup (Possible Short Position) 💰: Entry: Around 190.354 - 190.674 📍 Stop-Loss: Above 190.972 🚫 Take-Profit Target: Around 188.685 ✅ 3️⃣ RSI Indicator (Momentum Check) 📉: 📊 RSI at 52.47 → Neutral, slightly bullish. 🔥 55.93 level shows price was overbought recently but is cooling down. ✅ Conclusion: 🔴 If price stays below 190.674, expect a drop toward 188.685. 🟢 If price breaks above 190.972, bullish momentum could continue.
Short
by MrStellanSight
GBPJPY SURELY FALL 1. Resistance Break Possibility The analysis suggests a rejection at resistance (191.878) leading to a drop. However, price could break above resistance, triggering stop-loss orders and fueling a bullish rally. Instead of a reversal, watch for a liquidity grab above resistance before deciding on direction. 2. Support Area Failure Risk The support zone (near 189.000) is assumed to hold, but if market momentum is strong, price could break through, leading to further downside. Instead of assuming a bounce, consider monitoring for confirmation before entering long trades. 3. Bullish Trend Continuation Possibility Price recently made a strong move upwards, suggesting buyers are active. The expected rejection at resistance may fail, leading to a higher breakout instead of a reversal. The small consolidation near 190.296 could indicate accumulation for a bullish continuation. 4. Alternative Scenarios Instead of dropping immediately, price may range between 190.762 and 191.878 before a strong move in either direction.
Long
by Fx_Oliviaa
3
GBPJPY: "Is it the right time to take a sell position?"Let's analyze the GBP/JPY chart and find some opportunities to make a profit. Daily timeframe: As you can see, the chart price has been in a range zone since September 24. In the last few weeks, the price has made lower highs and lower lows. On the daily timeframe, the price broke 189.293 once on February 6. The pullback wave became weak according to the candlestick patterns 4H timeframe: The PRZ zone is marked on the chart with a light green rectangle. The Daily Pivots Standard is marked with the orange horizontal ray. You can draw a bearish trendline on the 4H timeframe if you trade with trendlines. I usually trade with higher highs in bullish trends and lower lows in bearish trends. So, I'm going to wait for the price to break the support line to enter my position. 190.748 could be a key level to enter a sell position.
Short
by ESsmaeel
4
GBPJPY oversold bounce rejectionThe GBPJPY price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 192.60. An oversold rally from the current levels and a bearish rejection from the 192.60 level could target the downside support at 189.60 followed by 188.90 followed by 188.27 and 187.12 levels over the longer timeframe. Alternatively, a confirmed breakout above 192.60 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 194.12 resistance followed by 194.70 levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
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 As predicted, has all the imbalances filled ? Are we already melting ? Share your insight Fundamental Analysis: Monetary Policies: The Bank of England (BoE) and the Bank of Japan (BoJ) maintain divergent monetary stances. The BoE's relatively hawkish approach contrasts with the BoJ's continued ultra-loose policy, which traditionally supports GBP strength against JPY. Economic Indicators: Recent data indicates a contraction in UK retail sales by 6.9% in September 2022, reflecting economic challenges. In contrast, Japan's National Consumer Price Index (CPI) for March showed a modest increase of 0.2% monthly, with a 0.2% annualized decrease, suggesting persistent deflationary pressures. Market Sentiment: The GBP/JPY pair is sensitive to global risk sentiment. Increased market volatility or geopolitical tensions often lead investors to seek safe-haven assets like the JPY, potentially exerting downward pressure on the pair. Conversely, improved global economic outlooks may favor GBP appreciation.
Short
by Richard_Tsupane
4
(Japanese Yen) pair on a 3-hour timeframe. chart showing the analysis of a JPY (Japanese Yen) pair on a 3-hour timeframe. Multiple support and resistance zones are marked with red and blue horizontal lines. Key Observations: 1. Price Movement: The price is in a downtrend and is reacting at a strong support level (around 189.142). 2. Fibonacci & Zones: The chart seems to incorporate Fibonacci retracement or supply/demand zones for analysis. 3. Indicators & Analysis: No specific indicators are visible, but the analysis appears to be based on price action and market structure. 4. Potential Trade Setup: If the price bounces from this level, a reversal may occur. Otherwise, there’s a chance of further downside continuation.
by Blue_Pills
GBPJPY Will Explode! BUY! My dear followers, This is my opinion on the GBPJPY next move: The asset is approaching an important pivot point 190.70 Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 191.37 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Pound-yen’s losses continue amid high volatilityDespite mostly positive data from the UK recently considering the circumstances, the yen remains relatively strong against the pound compared to much of the last quarter. Demand for havens is still high as trade wars between the USA and various other countries continue while participants widely expect the Bank of Japan to continue hiking rates moderately this year. Pound-yen is normally among the most volatile forex majors but instability has been particularly high over the last few months compared to most of 2024. ¥185 seems to be a very strong zone of demand based on performance in the third quarter of 2024, but before that around ¥187.20 there seems to be a significant support which could resist testing. There’s no clear signal now from the slow stochastic, which is closer to neutral than overbought. The value area between the 50 and 100 SMAs, ¥193-194, could be an important short-term resistance. The absence of top-tier data affecting GBPJPY in the next few days makes picking a position here more challenging, so waiting for confirmation of a break or bounce from ¥189 might make sense. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness