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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBP/JPY Tests Resistance Zone: Breakout or Rejection?GBP/JPY Analysis: Trendline Support: The price is forming higher lows (HL), with the trendline providing strong support, maintaining a bullish structure. Resistance Zone : A key resistance zone between 197 and 199.5 has caused multiple rejections (1, 2, 3), indicating a strong supply area. Next Move: If the price retests the resistance zone and faces rejection, it may form HL5 near the trendline before another potential breakout.
Long
by unichartz
Long Setup GBPJPY👋Hello Traders, Our 🖥️ AI system detected that there is an H1 timeframe ICT Long setup in GBPJPY for session trade (a couple of Hours) Here is a session trade idea Sell limit order level for reference, TP and SL in pips Cancel limit order before any great news in Forex. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Long
by ICT_Trader_SB
GBPJPY Finally turning around?Hello Traders! Is GJ finally turning around? On the 4HR I see a CHOCH pattern that was created around Jan. 21st, and it broke out of its consolidation area around 193.000. Right now, I'm waiting on the long to see if it can retest the 193.000 area with bullish continuation. If price can do that, then I'd be interested in a long to tap 198.000 again. So far it's looking good, however, wait for that retest to get the best possible entry. Alerts set around 193.500 🫡 Potential 1:3 Risk to Reward *DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
Long
by thattradergirl
2
GBPJPY analysis chart "Today, I analyzed the GBP/JPY pair, i have seen its strong highs, support levels, and a Change of Character (CHOCH). Although the CHOCH indicates a precise market breakout, it's insufficient for a comprehensive analysis. To further inform my outlook, I also utilized projections to gauge the potential downward market trajectory. Target Selling 192.600 to 190.200 Target Buy 190.200 to 193.000 It's my take. What you think about "GBP/JPY", write in comment section. THANKS
by David_1_8
1
This is a chart of GBPJPY (British Pound to Japanese Yen) what I’m seeing here is a clear bullish breakout setup. Let me explain what’s happening: Wave Patterns: As you can see, the price initially dropped significantly from a higher level, but it’s now showing signs of recovery. This movement has formed a triangular consolidation pattern, which is highlighted by the yellow trendlines. Trendlines (Yellow Lines): These yellow lines show the market was in a downward trend earlier, but now the price is trying to break above the upper trendline. If it succeeds, that would confirm a bullish breakout, meaning the market is likely to continue rising. Bullish Momentum: Right now, the price is building strength, and buyers are starting to take control of the market. If the breakout happens, we could see a strong bullish move to higher levels. Levels to Watch: If GBPJPY breaks above the upper yellow line, I expect the price to climb towards 192.500 and possibly even reach 195.000 or beyond. However, if the price fails to break out and reverses, it might retest the lower yellow line of the triangle. Pattern Name: What we’re seeing here is called a Bullish Breakout Triangle, a strong signal that the price is preparing for a move upward after a period of consolidation. In conclusion, this chart shows that GBPJPY is currently in a bullish structure, and if the breakout happens, it’s likely to head much higher in the coming sessions
Long
by professionalgoldtrader
EUR/USD Long, GBP/USD Short, GBP/NZD Short and GBP/JPY ShortEUR/USD Long Minimum entry requirements: • 1H impulse up above area of inflection. • If tight non-structured 5 min continuation follows, reduced risk entry on the break of it. • If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it. • If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it. • If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it. GBP/USD Short Minimum entry requirements: • 1H impulse down. • If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it. • If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it. GBP/NZD Short Minimum entry requirements: • 1H impulse down below area of interest. • If tight non-structured 5 min continuation follows, reduced risk entry on the break of it. • If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it. • If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it. • If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it. GBP/JPY Short Minimum entry requirements: • 1H impulse down below area of interest. • If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it. • If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
by StewySongs
GBP/JPY - High Probability Long Trade IdeaBreaking this trade down starting from a Higher TF.. We are Bullish, we are clearly in a parallel channel making Weekly HH's, Daily we just make a push of a strong Demand zone. I now will be looking for some sort of pullback before looking for Long Positions In the smaller TF starting from 4H... We can notice price has just made a Double Top acting in my opinion as a strong magnet for price to liquidate. Following this prior push of the Demand zone we have made some strong Lows that price has been moving strongly off and we have created lots of Imbalance and Sell side Liquidity. AGAIN, confirming that I would like to see price fall to grab that liquidity before making another push to the upside. My indicators show that MACD is supporting short term sellers momentum but the daily is showing beginning of bullish momentum. IN MY EYES perfectly describing a setup for a large Intraday swing trade. Our entry model will adjust closer to Price action but we have two targets for price to move too before looking for our Entry's. 1 is a Small demand zone setup up just before Buy side Imbalance acting as a FVG entry and our second is a Mitigation block taking out that Imbalance Good Luck to the Traders that decide to follow
Long
by jamesibartram
GBP Weakness vs. JPY Strength: A Clear Sell Opportunity for GBP/GBP Analysis: Bearish Sentiment Recent data for the British Pound (GBP) highlights economic struggles that paint a bearish outlook: S&P Global Services PMI Flash (24 Jan '25) Forecast: 50.9 Previous: 51.1 A decline in the forecast reflects slowing growth in the services sector. If the actual reading falls below 50, it would signal contraction and further weaken the GBP. S&P Global Manufacturing PMI Flash (24 Jan '25) Forecast: 47 Previous: 47 A flat forecast at 47 indicates continued contraction in manufacturing. Any negative surprises here could increase selling pressure on the GBP. GfK Consumer Confidence (23 Jan '25) Forecast: -18 Previous: -17 Declining consumer confidence suggests weaker spending and economic growth. A lower-than-expected actual reading would likely hurt GBP sentiment further. Unemployment Rate (21 Jan '25) Actual: 4.4% Forecast: 4.3% Previous: 4.3% A rising unemployment rate indicates a weakening labor market, a clear bearish signal for the GBP. JPY Analysis: Bullish Sentiment The Japanese Yen (JPY) continues to show strength, driven by key economic improvements: Inflation Rate YoY (Dec 19, 2024) Actual: 2.9% Previous: 2.3% Higher inflation raises expectations for tighter monetary policy, which is bullish for the JPY. BoJ Interest Rate Decision (Dec 18, 2024) Actual: 0.25% Forecast: 0.25% Previous: 0.25% Although unchanged, the BoJ may need to respond to rising inflation in the future, which would support the JPY. Balance of Trade (Dec 17, 2024) Actual: -117.6 billion Forecast: -688.9 billion Previous: -461.2 billion A massive improvement in the trade balance strengthens the JPY, reflecting robust export activity. GBP vs. JPY: Head-to-Head GBP Outlook: Bearish across multiple indicators, with weakness in services, manufacturing, consumer confidence, and the labor market. JPY Outlook: Bullish due to rising inflation, trade balance improvement, and the potential for future monetary tightening. Conclusion: A Clear Sell Probability for GBP/JPY The data strongly favors the Japanese Yen over the British Pound. With GBP weakening and JPY strengthening, the probability of a continued downtrend in GBP/JPY is high Rating: Sell GBP/JPY GBP Sentiment: ★☆☆☆☆ (Weak) JPY Sentiment: ★★★★☆ (Strong) Overall Recommendation: ★★★★☆ (Sell GBP/JPY) This setup presents a compelling opportunity for sellers, as the divergence between the two currencies grows clearer. Stay updated and trade with caution! 📉
Short
by jshafx
GBYJPY Long Trade Analysis M15I entered a long position on the GBPJPY 15-minute chart, combining multiple confluences: RSI divergence and candlestick patterns. Here's the breakdown of my analysis: RSI Divergence: A bullish divergence is observed on the RSI, suggesting waning seller momentum and a potential reversal to the upside. Candlestick Wicks in Buyers' Zone: Long tail wicks are visible in the identified buyers' zone, an area where buyers previously drove the price from Point 1 to Point 2. This indicates strong demand and potential buyer activity. Hypothesis: If the buyers from Point 1 who successfully drove the price up to Point 2 are still active in this buyers' zone, they should be able to push the price upward again to the sellers' zone (Point 2 and Point 4). Target: The goal is to reach the sellers' zone, aligning with the previous resistance levels and supply area.
Long
by sweetnspicyflavor00