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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

Pound-yen consolidates above ¥187The latest British job report on 15 April was generally quite positive with growth in earnings remaining high and claimants increasing less than expected. The focus for the yen remains on upcoming trade talks between Japan and the USA while monetary policy still seems somewhat uncertain. The Bank of Japan is likely to continue with ‘wait and see’ although some participants expect a hike in September. ¥186 seems to be the main short-term support based on the fairly strong reaction on 9 April. However, that hasn’t been clearly sustained since then although that day’s upward engulfing candlestick would have suggested possible ongoing gains. Japanese balance of trade late on 16 April GMT is unlikely to have a significant influence on the chart unless it’s particularly surprising. The 20 and 50 SMAs just below ¥191 probably mean resistance in that area. Upcoming British data like PMIs and retail sales could usher in a clearer direction. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
GBPJPY LONG FORECAST Q2 W16 D16 Y25GBPJPY LONG FORECAST Q2 W16 D16 Y25 Key- to await price to show its play. The longer term retrace is of course the set that FRGNT would potentially call an A - set up, higher time frame order block long, lower time frame breaks, you know the drill. BUT what if price action does not match your forecast. We must adapt if the position makes sense. Let's see if GBP has the legs to break 15' structure in London. We are interested. One thing is for sure, GJ moves and we endeavour to be part of those dances! -15' break of structure first prior immediate long. Trade well! FRGNT X
Long
by JCFRGNT
Golden Pattern Alert! Inverse Head & Shoulders Spotted on GBP/JPHi traders! Analyzing GBP/JPY on the 1H timeframe, price is showing signs of a potential bullish reversal with the formation of an Inverse Head and Shoulders pattern: 🔹 Entry: 189.25 🔹 Take Profit (TP): 190.85 🔹 Stop Loss (SL): 188.25 After a strong downtrend, price formed an inverse H&S pattern with the right shoulder completing near the ascending trendline support. A breakout above the neckline around the 189.20 level confirms bullish intent, with momentum supported by a close above both the neckline and the 200 EMA. RSI is also turning up, showing strengthening bullish momentum. The breakout candle is clean, with volume picking up slightly adding confidence to the setup. If the pattern plays out fully, the projected target aligns with the upper boundary of the ascending channel around 190.85, which also acts as a confluence zone from previous structure. ⚠️ DISCLAIMER: This is not financial advice. Every trader is responsible for managing their own risk and strategy.
Long
by FXOnTop
GBP/JPY) Bearish analysis Read The ChaptianSMC Trading point update GBP/JPY 2-hour chart outlines a clear bearish setup within a well-defined downtrend. Here's a breakdown of the trading idea: --- Technical Overview: Downtrend Channel: The pair is respecting a downward-sloping channel, with repeated rejections at the upper boundary, confirming bearish control. Resistance Zone (~187.8 - 188.5): Price has reached a highlighted resistance area that aligns with previous swing highs and trendline resistance — marked with red arrows for prior rejections. Bearish Projection: The analysis anticipates a rejection from this resistance zone followed by a downward impulse move. A pullback is expected, but continuation toward the target support zone around 179.150 is likely. Target Zone (~179.150): This level lines up with previous price action and matches the measured move (blue vertical box), adding confluence. EMA 200 (around 190.36): Price is well below the 200 EMA, reinforcing the bearish structure and trend bias. RSI Indicator (~52): RSI is slightly above 50 but not bullish — this neutral reading suggests the pair has room to drop if resistance holds. Mr SMC Trading point --- Trading Idea Summary: Bias: Bearish Entry Zone: 187.8 – 188.5 (resistance) Confirmation: Bearish candlestick pattern or rejection signal Target: 179.150 Invalidation: Break and close above 190.365 (above EMA 200 and prior highs) --- plase support boost 🚀 analysis follow)
Short
by SMC-Trading-Point
28
Is GBPJPY Set to Rise?GBPJPY has been catching attention this week—and for good reason. With price action pushing toward significant psychological zones, traders are asking: is the Dragon set to breathe fire once again? Here’s the setup I’m watching closely: Entry: 188.813 Stop Loss: 186.814 Target: 195.170 This trade idea is built on strong bullish structure and confluence across the higher timeframes. Price has respected key support zones and appears to be forming a base for a potential breakout. If momentum holds, we could see GBPJPY retest and possibly surpass recent highs. What makes this setup compelling isn’t just the technicals—it’s also the fundamentals. With the Bank of Japan sticking to ultra-dovish policy and the UK showing relative economic resilience, the interest rate differential continues to favor GBP strength. What do you see on your chart? Would you take this trade—or sit on the sidelines? Drop your bias in the comments.
Long
by TLTurnerTV
GBP/JPY - Long Term SellHere in this chart starting in the higher TF we can notice lots of selling pressure. Every time price hit this key level we can notice a significant sell off. From previous new in the past few weeks we can notice a strong Supply zone to look to sell from. This supply zone has a clean Mitigation Block within it. If we sell this Supply zone it will be a strong possibility that we break out of this parallel channel giving us a break out. Dropping down into the 6H we can notice a first target being the sell side liquidity. Im targeting here as the demand zone has been invalidated from this previous price movement giving me good conditions to sell into Please do feel free to follow me or dm me about this read
Short
by jamesibartram
GBPJPY Is Going Down! Sell! Please, check our technical outlook for GBPJPY. Time Frame: 45m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 188.674. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 187.917 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
5
GBP JPY SHORTWAITING FOR A BOS CONFIRMATION ON LOWER TIME FRAME 📉 GBP/JPY SHORT SETUP 🔥 Smart Money Confluences Lined Up 🔍 Key Confluences: ✅ Premium Supply Zone Price is reacting to a 2H Order Block + 1H Fair Value Gap — a stacked area of supply where institutions typically sell from. ✅ Liquidity Sweep Confirmed Price swept above recent highs before entering the OB. Classic stop hunt / inducement move before a potential reversal. ✅ Bearish Rejection Forming Price is stalling in the OB. Watching for a bearish engulfing or break of structure on 15M/1H for entry confirmation. 🎯 Target Zones: 🟦 TP1: 4H Fair Value Gap — ideal for partials 📉 TP2: Structure support zone 🟩 TP3: Equal lows/liquidity pool — full target 📊 Bias: Bearish ⏱ Timeframes: 1H / 2H / 4H 🔐 Risk: Above OB EQ (0.5)
Short
by connorpgregory