JPYGBP trade ideas
Pound-yen struggles despite higher British inflationSome renewed demand for havens has supported the yen over the last few days as American bonds were downgraded. Recent Japanese data have been mostly mixed, with investment likely up somewhat although 20 May’s balance of trade unexpectedly showed a deficit. British data have been more positive, with inflation particularly reaching a high of more than a year and lowering the probability of immediate further cuts by the BoE.
14 May’s rejection of ¥196 seems to have been decisive, with the price having moved fairly consistently down since then and back below the 200 SMA. The slow stochastic is very close to neutral and volume remains low compared to early in April. Consolidation in the value area between the 100 and 200 SMAs looks possible in the near future unless there’s a particular surprise from Japanese inflation.
The weekly chart shows an overall sideways trend since the fourth quarter of 2024, which is a normal situation for a major forex pair. The main release coming up for pound-yen specifically is Japanese consumer confidence on 29 May.
This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
GBPJPY- Sell below 192.85 (for min 50 pips target)The GBP/JPY pair is trading below 55 and above 200 EMA (Short-term) and 365 EMA (long term on the 4-hour chart, confirming a bearish trend. Immediate resistance is at 194,a breach above this level targets of 194.70/195/196.50. Any breach below 192.85 confirms the intraday bearish trend. A dip to 192.35/191.70.
Market Indicators (1- hour)
CCI (50)- Bearish
Directional movement index - Bearish
It Is good to sell below 192.85 with SL around 193.30 for a TP of 191.70.
THOUGHTS ON GBP/JPY GBP/JPY 4H - Here is a prime set up for this pair, as you can see we have recently had a higher timeframe break in structure to the upside, suggesting longer term bullishness.
I now want to see price pullback into a valid area of interest allowing us to get involved in this market with a more refined entry. Once we see price pullback down into our area of interest this is when we can prepare to go long.
We want to see price trade down, clear the area of Demand and then break structure to the upside fractally, this will confirm that enough Demand has been introduced to flip the balance.
By breaking the last protected high, it confirms that there is more Demand in the market than there is Supply, as we will begin following the laws of Bullish structure. Breaking highs and protecting lows.
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You can see to the left the potential trade that could have been taken from last weeks Sunday Sessions video. 14RR
GB{JPY H4 | Bearish ContinuationBased on the H4 chart, the price could potentially rise toward our sell entry level at 194.75, a pullback resistance
Our take profit is set at 192.49, a pullback support that aligns close to the 61.8% Fibo retracement.
The stop loss is set at 196.99, a swing high resistance.
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GBPJPY breaking the F.V.G?GBPJPY after breakout of the monthly long term trend line has got rejected for potential retest of the support. As the market has left a gap untested at 193.50 level, there is a high probability for the price to drop and retest and fill that gap. Currently price is approaching a fair value gap.
As first trade closed in profit, looking for another sell entry at 1h candle close!
GBP/JPY (British Pound / Japanese Yen) trade idea.The chart represents a trade setup for GBP/JPY on the 1-hour timeframe. Here's a breakdown:
Key Zones and Levels:
Entry Zone:
Highlighted between approximately 195.653 and 196.200
This is where the trader expects price to reverse and start moving downward.
Stop Loss (SL):
Set at 196.896
If price moves above this level, the trade idea is invalidated.
Target 1:
Set at 193.634
A partial take-profit level where the trader might secure some gains.
Final Target:
Set at 191.542 – 191.569
This is the ultimate take-profit level if the trade goes as planned.
Expected Price Action :
Price is expected to enter the Entry Zone, then reverse downward.
It may consolidate or make a pullback, then continue dropping.
The move is expected to reach Target 1, followed by the Final Target.
DeGRAM | GBPJPY broke through and fixed above the channel📊 Technical Analysis
● Price has broken the 8‑month descending channel’s roof and reclaimed the last swing‑high at 194, turning it into support and signalling a trend reversal.
● The move launches from a bullish pennant; its measured target and the channel’s midline converge in the 196 – 197.8 resistance zone.
💡 Fundamental Analysis
● UK average earnings held above 6 % y/y in April, curbing BoE‑cut speculation and keeping gilt yields elevated.
● Japan’s Q1 GDP shrank and the BoJ left policy ultra‑loose, widening the UK–JP rate gap and pressuring the yen.
✨ Summary
Channel breakout plus strong UK data and soft JPY bias favour a long GBP/JPY: aim for 196 → 197.8, risk managed on a daily close back below 194.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
GBP JPY SELL SET UP🔥 GBPJPY Sell Setup – Clean & Calculated 🔥
Here’s the play on GBPJPY 👇
🧠 Working off key resistance zones + multiple reaction points
⚠️ Trigger: A weak high lining up perfectly with validated resistance
🎯 Plan:
3 Entries: Top, Mid & Bottom of the zone
Targeting the 2H Bullish Order Block for the exit
Simple structure. Solid logic. No overcomplication.
⚖️ Risk Profile:
Fully managed
Starting with a clean 4:1 R:R
High probability setup with a smart edge
Let’s see how price respects the zone — discipline over emotion every time. 🧘♂️
💬 Chart coming next. Drop your thoughts or ask questions in the group!
#GBPJPY #ForexTrading #SmartMoneyConcepts #OrderBlocks #PriceAction #SellSetup #RiskReward #FundedTrader #TradingCommunity #LearnToTrade
GBPJPY SWING TRADE.📊 GBPJPY Trade Setup
Bias: Bullish (HTFs)
Current Move: Pullback to facilitate continuation of uptrend
Timeframes: Watching 1H / 15M for break of lower high (entry trigger)
🔍 Fundamentals:
JPY: Bearish
GBP: Bullish / Neutral
✅ Fundamentals support long bias
📈 Technical Setup:
Entry: On break of lower high marked on 1H/15M
TP1: 1:1.5
TP2: 1:3
SL: Below most recent swing low
Risk per trade: 1.5%
🧠 Notes:
Ensure price closes above the marked lower high before entry.
GBPJPY Take Profit Hit!Dear traders, we had a real sniper entry today. As soon as the trade was executed, price began to drop immediately—allowing us to secure profits at both 1:1.5 and 1:2 Risk-to-Reward levels. Clean execution, clean result.
This was my first and last trade of the day.
See you again tomorrow with new opportunities!
GBP/JPY Daily AnalysisPrice has broken out of structure and is currently retesting previous resistance (the top of the structure).
Look for bullish changes in cycle on the smaller time frame if interested in longs.
A daily close back within structure would most indicate a false break.
Always trade with a profitable strategy and good risk management.