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.
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.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.