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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBPJPY – Bearish pressure returns near ascending channel supportGBPJPY is trading close to the lower trendline of the ascending channel, with the 197.400 zone acting as a key support. A breakdown below this level could trigger stronger bearish momentum. On the news front, Japan’s CPI remains solid, strengthening the yen. Meanwhile, the British pound is under pressure after recent consumer spending data showed signs of weakness, raising concerns over the UK’s economic outlook. Strategy: If the price breaks below 197.400 and fails to bounce back, consider SELL setups in line with the bearish trend. If it rebounds, watch the reaction around the 199.100 zone for signs of recovery confirmation.
Short
by Rocky_trade_
GJ SELL SETUP This GBP/JPY 30-minute chart shows a short trade setup based on Smart Money Concepts (SMC), liquidity sweep zones, and session highs/lows. Here's a breakdown of what’s happening: 1) Key Elements Identified in the Chart Asian Session Range Asian Highs (Yellow Zone at ~198.471–198.646): Marked as a key liquidity zone. Asian Lows (Purple Line): Used for liquidity hunting and market structure context. 2) Market Structure Prior to this setup, price had a bullish structure, forming higher highs. Eventually, price broke structure to the downside, suggesting a shift to bearish momentum. 3)Liquidity Grabs Price swept the Asian lows, tapping into sell-side liquidity. The current move upward looks like a retracement into the Asian highs, likely aiming to grab buy-side liquidity. 4)Entry Zone The entry is placed just around the Asian highs, targeting the idea that this area will act as a supply zone or breaker block. Stop Loss (Red Box): Above the liquidity zone, where a breaker would be invalidated. Take Profit (Green Box): Targeting the recent lows or continuation lower—likely the low around 197.438. Risk-Reward Ratio The R:R looks solid—about 2.5–3:1, suggesting a well-balanced trade. Why This Is a Bearish Setup Liquidity Sweep: Price ran below Asian lows, collected liquidity, and is now retracing. Premium Zone: Current price is retracing into a premium zone (above equilibrium) where sellers are expected to re-enter. Rejection Expected: The idea is that price will reject around 198.5–198.6 (where previous buy stops are likely stacked).
Short
by fortunemakori1
1
GBPJPY is Holding above the SupportHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
1
GBPJPY 4HOUR TIME FRAME BUY ANALYSISOn the 4-hour chart, GBP/JPY is showing clear signs of a renewed bullish trend: Higher-highs & higher-lows Since mid-July, price has been carving out a staircase of successive peaks and troughs. The latest swing low around 197.30 held firm, and the subsequent rally cleared the June–July consolidation high near 198.40. Breakout and retest Price broke above a shallow descending trendline at ~197.65 late yesterday, then pulled back to retest that line as new support. Your entry at 197.902 sits just above that retest, giving a tight buffer to the stop. Stop-loss placement The SL at 197.275 undercuts the recent 4H swing low (197.30), so if that level fails it argues the bullish thesis is invalidated.
Long
by FX-CHART-BOSS
1
RECTANGLE CHANNELHello awesome traders! 👋 Hope you’ve managed to grab some solid pips from the markets this week. As we head into the weekend, I’m wrapping things up by dropping a few clean chart setups for you to review and reflect on. Enjoy the weekend, recharge well — and I’ll see you sharp and ready next week for more structure-led opportunities. 📌 Pattern Breakdown We’ve been tracking a developing rectangle channel between 197.94 (support) and 199.74 (resistance): 🔹 Price formed a clear 4-leg compression 🔹 CD leg bounced off lower support near 197.96 🔹 We’re now approaching the upper edge of the channel at 199.74 🔹 Compression structure suggests breakout potential is building 🚨 Breakout Setup in Focus 🔸 A breakout above 199.75 opens the door toward: ✅ Target 1 Zone:  • 1.5 extension = 200.76 ✅ Target 2 Zone:  • 2.0 extension = 201.69 📌 Flip-side: A failed breakout and close back below 197.94 would shift structure toward: 🔻 Bearish Breakdown Targets:  • 1.5 = 197.02  • 2.0 = 196.09  • 2.618 = 194.94 We stay flexible — trade the breakout, not the anticipation. 🧠 Key Concepts in Play ✅ Rectangle consolidation ✅ Breakout-ready structure ✅ Defined upper/lower breakout levels ✅ Volume and reaction at edges = trigger 🗝 Final Thoughts GBPJPY is boxed in tight — but momentum is clearly leaning bullish. If we get that clean break above 199.75 with confirmation (volume, close, continuation), the 200.76+ range is firmly in sight. No breakout? No problem — structure has a plan either way. “Boxes don’t trap the market — they build the tension. Breakouts reward the patient.”
Long
by TradeChartPatternsLikeThePros