Get started

JAPANESE YEN / BRITISH POUND

No trades
See on Supercharts
Overview
Ideas
Discussions Technicals Seasonals Economic Calendar

JPYGBP trade ideas

GBPJPY DOUBLE BOTOM BUY TREND If GBPJPY forms a double bottom 🔄 and touches the neckline at 193.00, it confirms a bullish reversal pattern 📈. Enter the trade at 193.00, with a first target 🎯 of 195.00 and a second target 🎯 of 198.00. Place your stop loss 🚫 at the candle that breaks below the neckline (193.00) to manage risk. The double bottom indicates strong buying momentum 💪 and a potential for a sustained uptrend 🚀. 💡 Pro Tip: Always follow your trading plan 📋 and stay disciplined. Like ❤️, share 🔄, and follow for more updates! #DoubleBottom #GBPJPY #ForexTrading #TradingSignals
Long
by ExpertTrader041
5
GBP/JPY - WEEKLY OULOOKThis chart into super easy to breakdown so it'll require higher understanding of Liquidity and unmitigated areas. Starting in high TF Price is Bullish, many people will disagree with that statement but we didn't break the recent swing low there for we are still Bullish. On the Higher TF we are also just pushing out of the Daily TF as of previous candle before market closure. This Higher TF consolidation phase we are currently in has been pushed of the previous HTF Mitigation Block followed by a slightly smaller Mitigation Block which then had a Bullish move. Above this Consolidation we can notice there is a Higher TF Imbalance which is acting currently as resistance. As we know is Resistance levels the more those levels are touched the more chances we have of a possible break through towards a BOS. Finally we can notice on the Higher TF that we have had a valid liquidity grab suggesting the Bearish Pullback has finished. On the smaller TF we can now notice that price is infact Bullish once again. We have a market out level for the smaller TF Fib for discount zones. Aiming to fill that previous sell side Imbalance we have our Entry at the beginning wick of the Mitigation Block. Good Luck to all the traders that follow
Long
by jamesibartram
GBPJPY is testing uptrend channel supportGBPJPY is testing a strong support line in the correction phase, which was formed inside the uptrend forming on the weekly timeframe. False breakout and price consolidation above the line indicates that buyers are trying to defend their limits. Ahead of the CPI report, if it is weak like yesterday's PPI, the currency pair may rise. Scenario: The price consolidation after the false breakdown of the support above 190.6 191.0 will signal that the currency pair is ready to continue the uptrend and may show the price strengthening to 192.9 - 194.8.
Long
by AndeWave
2
Potential Sell-off in GBPJPY On Friday, the Bank of Japan (BoJ) raised interest rates to their highest level in 17 years. After decades of deflation, Japan is now grappling with inflation, with the latest figure reaching 3.6%. From a technical perspective, a high was established on July 8, 2024. Since then, the market has been trending downward. Currently, on the 4-hour timeframe, a previous support level has failed to break and is now acting as resistance. This signals the potential for further downside movement. Good Luck 👍
Short
by momeah21
GBPJPY at Key Support – Bullish Bounce ExpectedOANDA:GBPJPY is approaching a significant support zone. The current market structure suggests the potential for a bullish reaction if price action confirms rejection through signals such as bullish engulfing candles, long lower wicks, or increased buying volume. If the support holds, I anticipate a move upward toward the 193.300 level, aligning with the expectation of a short-term reversal. However, if the price breaches this zone and sustains below it, the bullish outlook may be invalidated, potentially opening the door for further downside. Traders should remain cautious and wait for confirmation before entering long positions. Monitoring candlestick patterns and volume at this critical support zone is essential for identifying buying opportunities. Proper risk management is advised to navigate potential volatility.
Long
by DanieIM
1
GBPJPY am currently monitoring GBPJPY, as I believe the pair is poised for a bullish trend reversal. After observing recent price action, it seems that GBPJPY has reached a critical support level at 191.300, which has historically acted as a significant zone for potential price bounces. Given the strong market dynamics, I expect that this level will hold, setting the stage for a possible upward reversal. Looking ahead, my target for this potential bullish move is around the 194.700 level. This price target aligns with key resistance zones and recent market structure, suggesting that if the bullish reversal materializes, GBPJPY could make its way towards this area. Key factors I’m considering for this outlook include: Support at 191.300: This level has provided a solid base for the pair, and any break above this zone could signal further strength. Bullish Momentum: Indicators are beginning to show signs of upward momentum, which aligns with my expectation of a trend reversal. Market Sentiment: I’m closely watching overall market sentiment, especially as it pertains to GBP and JPY fundamentals, which could play a role in fueling the upside potential. I will be watching for confirmation of the reversal in price action, and I’ll look for higher highs and higher lows as the trend shifts. If the price begins to break key resistance points along the way, this will further validate the upward move toward 194.700. As always, risk management is key, and I will be watching for any signs of invalidation below 191.300, which could suggest a reassessment of the trade. Stay tuned for updates, and good luck to all traders!
Long
by The_fx_GreyTrader
GBPJPY THURSDAY CHART UPDATES!🔥 Attention traders! 💥 GBPJPY is skyrocketing, setting new records with precision! 🚀 Here’s the scoop: 🔎 GBPJPY Insight: 📉 Locked in an intense battle between 192.5 and 192.7🤔 Is a breakout on the verge? ⬇️ Bearish Forecast: ⚠️ Stay vigilant for potential declines if it drops below the range! 🎯 Targets: 192.250, 192.000 ⬆️ Bullish Forecast: 🚀 Look for buying opportunities if it pushes above! 🎯 Targets: 192.750. 🗣️ Join the Chat: 💡 Share your insights as we navigate this sterling journey! 💬 Let's reach new pinnacles together! 📈🌟
by GOLD_TREND_GURU
2
GBP/JPY "The Guppy" Forex Market Heist Plan on Bullish🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the GBP/JPY "The Guppy" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉 Entry 📈 : Traders & Thieves with New Entry A bull trade can be initiated at any price level. However I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Using the 2H period, the recent / nearest low or high level. Goal 🎯: 198.500 (or) Escape Before the Target Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Fundamental Outlook 📰🗞️ Based on the fundamental & macro analysis, I would expecting a bullish outlook for GBP/JPY "The Guppy" Forex Market Fundamental Analysis----- 1. Interest Rate Differential: The Bank of England (BoE) and the Bank of Japan (BoJ) have different interest rate policies. A higher interest rate differential between the two countries can make GBP/JPY more attractive to investors, potentially driving up the pair. 2. Inflation Rates: UK inflation rates have been relatively high compared to Japan. Higher inflation in the UK can lead to higher interest rates, making GBP/JPY more attractive. 3. Economic Growth: The UK's economic growth has been slower than expected, while Japan's economy has shown signs of improvement. A stronger Japanese economy can lead to a weaker GBP/JPY. 4. Trade Balance: The UK's trade balance has been in deficit, while Japan's trade balance has been in surplus. A worsening trade balance in the UK can lead to a weaker GBP/JPY. Macro Analysis----- 1. Global Risk Appetite: GBP/JPY is considered a risk pair, meaning it performs well when global risk appetite is high. A decrease in global risk appetite can lead to a weaker GBP/JPY. 2. Central Bank Policies: The BoJ's monetary policy has been more dovish than the BoE's. A more dovish BoJ can lead to a weaker JPY, making GBP/JPY more attractive. 3. Geopolitical Tensions: Geopolitical tensions, particularly between the US and North Korea, can lead to a safe-haven flow into JPY, weakening GBP/JPY. 4. Commodity Prices: Japan is a major importer of commodities, so higher commodity prices can lead to a weaker JPY, making GBP/JPY more attractive. Current Market Situation----- - The BoE has maintained a hawkish tone, while the BoJ has remained dovish. - UK inflation rates have been relatively high, while Japan's inflation rates have been low. - Global risk appetite has been decreasing due to trade tensions and geopolitical uncertainty. Bullish Factors----- - Higher interest rate differential between the UK and Japan - Stronger UK inflation rates - Weaker JPY due to the BoJ's dovish monetary policy Market Sentiment: Market Mood: The current market mood is cautiously bullish, with a slight bias towards buying the GBP/JPY pair. Speculative Positioning: According to the Commitment of Traders (CoT) report, large speculators (such as hedge funds and institutions) are net long the GBP/JPY pair, indicating a bullish bias. Market Trends: The GBP/JPY pair is currently trading in a range-bound market, with a slightly bullish trend. News and Events: Recent news and events, such as the UK's economic growth and Japan's economic stimulus, have been supportive of the GBP/JPY pair. Technical Indicators: Technical indicators, such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), are indicating a bullish trend. Disclaimer---Sentiment & Fundamental analysis is subjective and based on publicly available data. It should not be considered as investment advice. Trading forex involves risk, and you could lose some or all of your investment. Always do your own research and consider multiple sources before making a trade. Trading Alert⚠️ : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
Long
by Thief_Trader
GBP/JPY The Cup is Full, and the Handle is ReadyPattern Formation This chart presents a classic cup-and-handle pattern, signaling a bullish continuation setup. The "cup" reflects a rounded bottom, showing gradual recovery from bearish momentum, while the "handle" consolidates before a potential breakout. Key Levels 1. Resistance Turned Support (Neckline) The breakout level at 191.528 marks a critical horizontal resistance, now acting as support post-breakout. 2.Entry Point Entry was triggered above the neckline at 191.528, confirming the breakout with strong bullish momentum. 3. Stop Loss Placed at 189.230, below the handle's low, providing a buffer against invalidation of the setup. 4. Take Profit Positioned at 194.712, based on the measured move projection of the cup-and-handle pattern. Also make sure to close position by taking profit gradually and after first tp you book move SL to entry Risk-to-Reward (R:R) This trade offers a favorable R:R ratio of approximately 1:3, aligning with sound risk management principles. Technical Indicators Trendlines A prior descending trendline was invalidated, strengthening the bullish bias. Momentum The strong upward candles leading to the breakout signal buyer dominance. Trade Psychology The pattern represents market accumulation, as buyers steadily absorbed selling pressure. The breakout indicates renewed interest and potential continuation of the bullish trend. Market Context Given GBP/JPY's strong upward momentum and confirmation of the breakout, this setup aligns with both the technical pattern and prevailing trend. Disclaimer Ensure to monitor price action and adjust the trade plan if market conditions change. Always use proper risk management.
Long
by wolfchemist
1
Trading minute impulseOn the minute timeframe of GBPJPY at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Short
by syomking76418
GBPJPY - Long SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key swing low and left untouched swing high. But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of strength, so potentially there is a higher probability to see price higher. Your success is determined solely by your ability to consistently follow the same principles.
Long
by Maks_Klimenko