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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBP/JPY testing critical zoneThe GBP/JPY is testing a critical resistance area between 189.20 to 190.00. For as long as this area holds as resistance, the path of least resistance remains to the downside. Should the selling resume from here, we could see the Guppy trade down to test the key support range between 185.00 to 186.00 again. However, if the GBP/JPY breaks decisively above the 189.20 to 190.00 range, then that could potentially pave the way for a short-squeeze rally towards the next major resistance in the 193.00 to 194.20 range, where we also have the 200 day MA converging. By Fawad Razaqzada, market analyst with FOREX.com
by FOREXcom
GBPJPY Q2 FY25 FORECASTim expecting a big dip then reversal at any of the marked price levels fundamentally if i were to gauge which one id look at the following factors GBP M1 Money Supply: As of November 2024, the UK's M1 money supply stood at £2,221,455 million.​ M2 Money Supply: In the same period, the M2 money supply was £3,067,494 million, marking an increase from £3,062,782 million in October 2024. ​ The modest month-over-month growth in M2 suggests a cautious approach by the Bank of England (BoE) towards monetary expansion. This restraint may indicate efforts to control inflation and maintain currency stability. However, the overall high levels of money supply reflect the substantial monetary interventions undertaken in previous years.​ JPY M1 Money Supply: In December 2024, Japan's M1 money supply reached ¥1,096,496.5 billion, up from ¥1,091,290 billion in November 2024. ​ M2 Money Supply: During the same period, the M2 money supply increased to ¥1,257,683.8 billion from ¥1,254,910.3 billion. ​ The incremental increases in both M1 and M2 indicate a steady, albeit slow, expansion of Japan's money supply. This aligns with the Bank of Japan's (BoJ) longstanding accommodative monetary policy aimed at combating deflation and stimulating economic growth.​ So.. The UK's relatively stable M2 growth suggests a balanced approach, potentially leading to moderate inflation and a stable GBP. In contrast, Japan's slow money supply growth reflects its ongoing struggle with low inflation and economic stagnation, which may continue to exert downward pressure on the JPY.​ Outlook If current trends persist: The BoE's measured monetary expansion may support the pound's stability. However, vigilance is required to manage inflationary pressures that could arise from external factors or supply chain disruptions.​ The BoJ's continued accommodative stance suggests that the yen may remain weak, especially if inflation remains subdued and economic growth lags.​ In short, the UK's cautious monetary policy may bolster the GBP's position, while Japan's persistent low growth and inflation challenges could keep the JPY under pressure. Monitoring these monetary indicators will be crucial for anticipating future currency movements. now since im all for the dxy crashing i decided to factor that in these are my takeaways If DXY collapses slowly, GBP and JPY both rise, but GBP/JPY stays relatively stable as usual If DXY collapses sharply due to a crisis, JPY outperforms massively, and GBP/JPY drops sharply If the BoE cuts rates aggressively, GBP weakens, while JPY gets even stronger If the BoJ tightens monetary policy while DXY crashes, JPY surges, and GBP/JPY could plummet below 180. like comment follow tip gift collab
Short
by Bekiumuzi_Dube
3
THOUGHTS ON GBP/JPYGBP/JPY 1H - With this market we have seen price break structure to the upside after price traded down and into the area of interest we have marked out below, this tells us enough Demand has been introduced. Enough Demand has been introduced to flip the S&D balance in doing so it gives price a new direction to trade in. Since we have seen price do this we have seen that price has continued to respect areas of Demand, giving us further confluence to suggest bullishness. I have gone ahead and marked out an area of interest I would have liked price to trade down and into, giving us the opportunity to get involved in this market with a refined entry. It seems as though there is enough Demand in the market already though. Should price correct itself deeper, we may see a penetration of this zone and this is where I would be looking to get involved in this market with long positions. As you can see though price looks to be setting a new move to the upside, I will be waiting for further confluence before I get involved at all.
Long
by Lukegforex
GBPJPY Bullish Continuation Case StudyTo share the GBPJPY case study, where I only took +1RR from +2RR possible return. Reason: 1. Price moved from downtrend to uptrend 2. Demand with huge bullish candle after it (imbalance above demand) not yet re-test 3. Multiple supports above demand zone 4. Price tapped to demand zone, looks aggressive but demand was strong enough to hold and price bounces from it This is textbook setup, targeting 2RR from this setup is achievable. Please do not trust me! I do not have big capital to support my statement. One thing is certain is that, if you trade one setup or strategy, and collect data and watch how it work, you can achieve a profitable trading journey.
Education
by josephtading
GBP/JPY: Poised for Gains Above 189.15GBP/JPY gained slightly after forming a minor bottom around 187.46. It hits an intraday high of 189.03 and is currently trading around 188.94. Intraday trend is bullish as long as support 186.50 holds. The GBP/JPY pair is trading above 34 and 55 EMA (Short-term) and below 200 EMA (long term on the 15-min chart, confirms a bullish trend. Immediate resistance is at 190,a breach above this level targets of 191/191.75/192.30/193. Downside support is at 188 with additional levels a 188.45/188/187.46/187.10/186.45. Market Indicators CCI (50)- Bullish Directional movement index - Bullish Trading Strategy: Buy on dips It is good to buy above 189.15 with SL around 188.40 for a TP of 192.
Long
by FxWirePro
GBP/JPY Structure Analysis (H4)Let’s break this GBP/JPY chart down and walk through it step by step, based on price action and structure. 👇 🧠 1. Current Structure Analysis (H4) • Support zone (blue box): Very clean and respected. You’ve marked that demand zone well—from around 185.20 to 186.50, and price has already reacted multiple times. • Rejection wicks: Recent candles show strong wicks rejecting from that zone—classic accumulation behavior. • Double bottom / fakeout: There’s also a fakeout below the zone that immediately got bought back up. That’s a bullish signal—liquidity sweep followed by aggressive buying. 🔍 2. What’s Happening Now? • Price bounced from demand and is now retesting that breakout region around 188.00. • But we’re not seeing a higher high yet, just some consolidation. ✅ Is There a Buy Entry? Yes—but not right this second. You want to wait for confirmation, unless you’re playing a deep swing from the bottom. 🔹 Buy Scenarios: 1. Safer Buy: • Wait for a bullish break above 188.80–189.00, then catch the retest of that broken resistance. • That’s your confirmation of a shift in structure. 2. Aggressive Buy (if you’re a sniper): • You can buy on a retest of 186.80–187.00, only if: • Price prints a bullish engulfing or strong rejection candle there. • RSI divergence or volume spike confirms strength. 🎯 Targets: • First: 189.20 • Second: 191.20 (previous structure highs) • Stop loss: below 185.00 ❌ Is There a Sell Entry? Right now, selling is riskier because: • You’re in a bullish reaction zone. • Bears had their chance with the drop, but bulls defended the zone hard. Only consider selling if price fails at 188.80–189.00 with strong bearish rejections and returns back inside the range. Then it might target 186.50 again. ✍️ My Take No rush. Let the structure guide you. If we break 188.80 cleanly, I’m buying the retest. Your zone is gold. Let price come to you.
Long
by ThizizAlex
GBPJPY Buy Continuation | OB + Trendline ConfluenceIdea: After a strong bullish rally earlier this week, GBPJPY has now pulled back to a key ascending trendline, which has acted as dynamic support over time. This retest is signaling a potential continuation of the bullish momentum. Zooming into the lower timeframe (1-minute), a strong Order Block (OB) has formed right at the intersection of the trendline support, offering high confluence for a long setup. This OB also aligns perfectly with the 4H trendline, adding more weight to the bias. Confluences supporting the bullish continuation: Retest of the 4H ascending trendline (higher timeframe support) Fresh 1-minute bullish Order Block at the zone Price showing signs of reaction/rejection at the OB zone Bullish market structure still intact No major resistance until previous swing high Entry Idea: Monitor price reaction within the OB zone (1-minute) for confirmation (e.g., bullish engulfing, BOS on LTF). A clean break and retest within this zone can trigger a low-risk, high-reward long position. Short-Term Target: Previous intraday high Mid-Term Target: Next key resistance level or supply zone Invalidation: Clean break below the 4H trendline and OB zone
Long
by makeITsimpleFX_SMC
GBP/JPY - Resistance into fibonacci golden pocketGBP/JPY 1H Technical Analysis - Key Levels Price action shows clear resistance zones marked by Lift indicators at 0.28 , 0.08 , and 0.06 levels. The market appears slightly overbought with Lift readings of 0.01 to 0.05 , suggesting potential for pullback or consolidation. Key observations: - Resistance cluster between 0.06-0.28 may cap upside moves - Overbought conditions warrant caution for longs - Monitor Lift indicator for trend continuation signals Trading approach: Consider short opportunities near resistance with stops above 0.28 , or wait for pullback to support for long entries if momentum sustains. for more FX analysis. Comments welcome!
Short
by wdstrades
2
GBP/JPY Awaits a Bearish BreakoutFenzoFx—GBP/JPY trades slightly above the 50-period SMA at 188.4, but the trend remains bearish below the 50.0% Fibonacci resistance level. The Stochastic Oscillator signals an overbought state, suggesting short-term pressure. A downtrend may resume if GBP/JPY closes below 187.6, targeting 186.0. Conversely, a break above 190.2 resistance could extend momentum to 192.0. >>> No Deposit Bonus >>> %100 Deposit Bonus >>> Forex Analysis Contest All at F enzo F x Decentralized Forex Broker
Short
by FenzoFxBroker
1
GBP/JPY BUY SETUP 1h chart analysisGBP/JPY Entry Point: Current price is around 189.436 Looks like your entry is at the breakout above the recent consolidation/structure (possibly just above 189.100) Stop Loss (SL): SL seems to be set just below the demand zone at around 188.000 Take Profit 1 (TP1): Clearly labeled on the chart as TARGET 1 Positioned near 190.900 Final Target (TP2): Labeled as TARGET 2 Positioned near 193.000 --- Summary: Entry: ~189.100 (Breakout confirmation) SL: ~188.000 TP1: ~190.900 TP2 (Final Target): ~193.000 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, JAMES_GOLD_MASTER_MQL5 Thank you.
by JAMES_GOLD_MASTER_MQL5
GBP/JPY Eyeing 19.200 After Bullish Pennant FormationGBP/JPY 30-Minute Chart Analysis Pattern: Bullish Pennant Target: 192.200 Market Structure: The chart illustrates a classic bullish pennant: A strong bullish impulse (flagpole) led price sharply from around 189.400 to 191.400. This was followed by a tight consolidation phase, forming a pennant with converging trendlines. The consolidation shows a battle between buyers and sellers, but within a bullish context, it's a sign of potential continuation. Technical Outlook: The price recently bounced off the pennant's lower trendline, showing buyers defending support. A breakout above the pennant resistance near 191.400 would confirm bullish continuation. The consolidation is occurring near recent highs, indicating bulls are in control and preparing for the next leg up. Projection & Target: Flag pole height: Approximately 200 pips. Breakout projection: From 191.400 breakout zone, add 200 pips. Target: 192.200 Trade Plan: Entry: After a confirmed breakout above 191.400 (preferably with volume or a strong candle close). Stop-Loss: Below recent swing low or pennant support (190.800). Take-Profit: 192.200
Long
by Trend_logic