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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBPJPY Long TradeHello, Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum. Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend. Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios. Details is Mentioned in Chart, Read carefully.. .
Long
by OptionCallPro
$GBPJPY Macro analysis Part 1: Bullish Outlook-Target of 250.234OANDA:GBPJPY Long-Term Macro Analysis Part 1: Bullish Outlook with Target of 250.234 My HTF target is 250.234 The weekly and monthly timeframes are trending bullish. A closure above 215.887 is crucial, signaling a potential move back to the 241.501 area. If price reaches this zone, I expect price to trade away before violating the 250.234 high, based on my analysis. These drawings are somewhat beyond my current knowledge. It's important to follow price action on the LTF as it approaches HTF POIs; price will indicate when a reversal is imminent. Focus on my key areas of targets, rejections, or closures rather than my drawings. Also the 177.314 area could also be a little juicy. Based on my current understanding, I see two potential price movements. This is speculative since price is still trending up and hasn’t broken any significant levels to indicate a downward move. Also any future incoming downward movement would likely be a temporary pullback before continuing higher in line with the HTF trend. Price may follow either the white or purple drawing, which will play out over the coming years. I will update my analysis as my skills evolve. This analysis will be valid if we close above 215.887 with a body closure on the HTF weekly/monthly chart. The yellow square is not a valid swing yet, reinforcing the need to follow price rather than relying solely on forecasts. Price will signal when it’s ready to move higher or lower—this is part 1 of my HTF outlook. Quick personal quote regarding price action: When it comes to trading, let price lead the way. It will reveal when to short or continue higher. Your emotions are irrelevant in this technical dance. Let price guide your decisions. Not financial advice, just posting my idea's for archival purposes to look back at later.
Long
by ChiProactive
GBP/JPY: 24-Hour Market Sentiment and Trade Analysis GBP/JPY: 24-Hour Market Sentiment and Trade Analysis I spend time researching and finding the best entries and setups, so make sure to boost and follow for more. Market Overview (Last 24 Hours): - OANDA:GBPJPY is trading near your sell entry point at 194.027, showing signs of bearish momentum on the 15-minute chart. - Weakness in GBP reflects recent concerns over the UK’s economic data, while the yen benefits from safe-haven flows as risk sentiment deteriorates. Technical Overview: - Support Levels: 193.458 (TP1), 192.904 (TP2) - Resistance Levels: 194.298 (SL), 194.500 - Indicators: Bearish divergence on RSI supports the sell bias, while MACD on the 15-minute chart confirms downward momentum. Price is also testing a descending trendline. Fundamental Catalysts: - Economic Data: Recent UK retail sales data showed weaker-than-expected performance, pressuring GBP lower. - Geopolitical Events: Risk-off sentiment globally has bolstered the yen, driving safe-haven demand. - Liquidity: Volatility on GBP/JPY remains elevated, providing trading opportunities on the 15-minute timeframe. Planning: - Bearish Continuation: A sustained break below 193.800 could lead to TP1 (193.458) and potentially extend to TP2 (192.904). - Reversal Risk: A rebound in GBP or broader risk-on sentiment could test the SL at 194.298 or higher. Key Data Points Table: | Pair | Entry | SL | TP1 | TP2 | Catalyst | |----------|---------|---------|---------|---------|---------------------------| | GBP/JPY | 194.027 | 194.298 | 193.458 | 192.904 | Weak UK data, safe-haven flows | Sentiment Heatmap: - Market sentiment is mixed, with yen strength driven by risk aversion and GBP facing pressure from weak fundamentals. Note: - This setup is ideal for a **short-term scalp** or **day trade**, targeting quick movements within the 15-minute timeframe. When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All!
Long
by SiriusTrading
GBPJPY Long or Short PotentialHi Traders! At this moment, I am starting to see we're in a range between 194.000 and 195.000. In order for me to get into this trade again, upside or downside, I need a little more confirmation where price wants to go. If price can break above 195.000 with follow through- I will consider the long. If price breaks below 193.000 with follow through, then I will look for the short. My long target would be around 197.000. This will bring us to another sell stop area. Short target 193.000/192.000. That will bring price to retest the CHOCH area. I've learned that price does like to return to previous CHOCH areas and potentially bounce for the long. Lets see what the market gives us! Patience Pays. *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.*
by thattradergirl
GBP/JPY Bearish Market Analysis Using Elliott Wave TheoryThe daily chart of GBP/JPY indicates a potential bearish trend unfolding in a classic 5-wave Elliott Wave pattern. Here’s the breakdown: Wave (1): The initial downward impulse wave demonstrates significant selling pressure, marking the start of the bearish trend. The decline is steep, indicating strong momentum in favor of the bears. Wave (2): Following Wave (1), a corrective wave retraces upward to approximately the Fibonacci 0.618 level. This retracement aligns with the expected behavior of Wave (2), which typically retraces 50-61.8% of Wave (1). Wave (3): The ongoing Wave (3) is projected to extend significantly lower, aiming for a Fibonacci 1.618 extension near the 184.000 level. Historically, Wave (3) is often the most aggressive and extended wave, driven by heightened bearish sentiment. Wave (4): After reaching the 184.000 level, a minor corrective move upward (Wave 4) is expected. This wave is generally shallow, potentially retracing to the 0.382-0.500 Fibonacci level of Wave (3). Wave (5): The final leg of the bearish trend targets the 2.618 Fibonacci extension, estimated around 177.000. This aligns with the ultimate downside potential of the bearish Elliott Wave cycle. Key Levels to Watch: Resistance Levels: 193.500 (0.236 Fibonacci level) 195.000 (previous high) Support Levels: 184.000 (1.618 Fibonacci extension of Wave 3) 180.000 (psychological level and key support) 177.000 (2.618 Fibonacci extension of Wave 5) Market Sentiment and Trade Strategy: The GBP/JPY pair appears to be forming a strong bearish setup, supported by Fibonacci levels and Elliott Wave projections. Traders may consider: Sell Positions: On retracements to the 0.382-0.500 Fibonacci level of Wave (3). Take Profit Targets: 184.000 and 177.000. Stop Loss Levels: Above 193.500 to mitigate risks. This bearish analysis assumes the pair respects the Elliott Wave structure and Fibonacci levels without invalidation from unexpected market events or strong bullish reversals.
Short
by Bitcoin_King01
1
GBPJPY- Reversal above 195?After reaching a low of 188, GBP/JPY reversed to the upside in a normal corrective move and found resistance near the 192 zone. A subsequent drop followed, but instead of resuming its downtrend, the pair began consolidating within a range. The emerging pattern, while not perfect, resembles an inverse Head & Shoulders. A break above the neckline would confirm this formation and pave the way for further gains, potentially targeting the 195 resistance level. I remain bullish on GBP/JPY as long as the pair stays above the recent consolidation support.
Long
by Mihai_Iacob
6
GBPJPY BUYS TO 194.600?Trading Plan for GBP BASELINE 🎯 Current short term sentiment bias and upcoming risk events (previous # & consensus expectations) that can impact said sentiment Current Short-Term Sentiment Bias : - The British pound is trading around $1.276, near a one-month high, driven by expectations of a cautious BoE. - Investors are focused on upcoming UK economic data, particularly GDP and manufacturing production for October, which are expected to show modest growth. Upcoming Risk Events : - GDP (MoM) (Oct): Consensus 0.1%, Previous -0.1% - GDP (YoY) (Oct): Consensus 1.6%, Previous 1.0% - Industrial Production (YoY) (Oct): Consensus 0.2%, Previous -1.8% - Industrial Production (MoM) (Oct): Consensus 0.3%, Previous -0.5% - Manufacturing Production (MoM) (Oct): Consensus 0.2%, Previous -1.0% - Manufacturing Production (YoY) (Oct): Consensus 0.9%, Previous -0.7% - Monthly GDP 3M/3M Change (Oct): Consensus 0.2%, Previous 0.1% SURPRISE ⚡ What outcome of the risk event will surprise the markets based on the baseline Positive Data Surprise : - Outcome: If the data beats expectations across the board, it will likely reinforce market expectations of no rate cuts next week. - Market Reaction: Continued pound strength. - Trade Pair: GBP/JPY - The yield spread between UK and Japan bonds suggests potential upside for this pair. Negative Data Surprise : - Outcome: If the data misses expectations, the pound could weaken as investors speculate on a more dovish BoE outlook. - Market Reaction: Pound weakness. - Trade Pair: GBP/NZD - The yield spread between UK and New Zealand bonds favors a downside move in this pair. BIGGER PICTURE 🌐 Does this outcome changes the larger macro-fundamental bias Macro-Fundamental Bias: - Current Expectation: The BoE is expected to hold interest rates steady at 4.75% at its next meeting on December 19. - Future Outlook: Governor Andrew Bailey has hinted at gradual rate cuts starting in 2025, with markets pricing in three 25-basis-point cuts by the end of next year. - Implications: A positive data surprise would support the current expectation of no immediate rate cuts, while a negative surprise could lead to speculation about a more dovish stance from the BoE.
by Midas_Macro
Elliott Wave View Looking for Zigzag Correction in GBPJPYShort Term Elliott Wave view in GBPJPY shows decline from 10.30.2024 high ended at 188.14 as wave 1. The decline unfolded as a 5 waves diagonal Elliott Wave structure. Pair has turned higher in wave 2 to correct this 5 waves decline. The internal subdivision of wave 2 rally is unfolding as a zigzag Elliott Wave structure. Up from wave 1, wave i ended at 191.53 and wave ii ended at 190.3. Wave iii higher ended at 192.2, wave iv dips ended at 190.91, and final wave v higher ended at 192.37. This completed wave (i) in higher degree. Pullback in wave (ii) ended at 190.58. Pair has rallied higher in wave (iii) towards 193.4 and pullback in wave (iv) ended at 192.44. Final leg wave (v) ended at 195 which completed wave ((a)) in higher degree. Pullback in wave ((b)) is in progress to correct cycle from 12.3.2024 low. Internal subdivision of the pullback is unfolding as a zigzag structure. Down from wave ((a)), wave (a) ended at 192.91. Expect wave (b) rally to fail below 195 and pair to turn lower in wave (c) to complete wave ((b)). Near term, as far as pivot at 188.14 stays intact, expect pullback to find buyers in 3, 7, 11 swing for more upside.
by Elliottwave-Forecast
GBPJPY, H4 ICT Longsetup, Swing Trade and Session Trade👋Hello Traders, Our 🖥️ AI system detected that there is an H4 timeframe ICT Long setup in GBPJPY for session trade (a couple of Hours) Here is a session trade idea (since it is near support surface, we should use small lot size) Please refer to the details Stop loss, Buy Zone,open for take profit. Next Long entry after retracement in any session. 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 next possible move🔴🔴 DIFFERENCES BETWEEN AMATEUR TRADERS AND SUCCESSFUL TRADERS 💡 Amateur Traders: ❌ Rely on "27" technical indicators without a clear strategy. ❌ Are influenced by the opinions of others. ❌ Make decisions based on emotions rather than logic. ❌ Take reckless risks, often due to a lack of preparation. 🔥 Successful Traders: ✅ Analyze price movements with precision and discernment. ✅ Prepare clear action plans and adapt quickly to new market data. ✅ Use structured trading systems to minimize uncertainty. ✅ Take calculated risks based on rational analysis and probabilities. ⚠️ Lesson: Don’t let emotions or external noise dictate your decisions. Be methodical, structured, and disciplined. That’s where the key to trading success lies. 🎯 Which category do you choose to join today?
Short
by eLs-Trading
1
GBPJPY BEARISHGBP/JPY is displaying bullish momentum, driven by a breakout above a key resistance level, with strong bullish candles and minimal wicks signaling sustained buying pressure. Earlier in the session, a liquidity sweep below a prior low triggered sell stops, followed by a sharp rebound that indicates buyer accumulation. The pair is respecting an ascending trendline, confirming it as dynamic support, and trading above both the 50- and 200-period moving averages, with a golden cross further reinforcing the uptrend. Bullish divergences on the RSI and MACD highlight recovering momentum, while increasing volume during upward moves compared to lighter pullbacks suggests strong buyer dominance and the potential for further gains. + this can go two ways : reaching the first KL or the second one just under, globally the movement will be the same
Long
by edl75