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#gbpjpy#forex

GBPJPY sitting at resistance – Is a drop to 193.360 likely?GBPJPY is sitting right at a key daily resistance zone. This is a level where it has struggled to break through and reversed strongly to the downside. So this makes it definitely one to monitor, especially if you’re eyeing potential short setups. If we start seeing signs that the price is getting rejected here: like long wicks, strong bearish candles, it could be the early indication of another move lower. My focus is on a moderate drop toward the 193.360 area, similar to what we’ve seen in past pullbacks. Nothing too dramatic, just a simple downside play if sellers step in again. But if we get a strong breakout? That changes everything: it would hint that bulls are taking full control. This area is pretty important and could give us a better idea of where price is headed next. Just sharing my thoughts on support and resistance, this isn’t financial advice. Always confirm your setups and manage your risk properly. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TrendDiva
20
GBPJPY Strong rebound. Buy opportunity.The GBPJPY pair has been trading within an Ascending Triangle pattern. Today's geopolitics made the price form its latest Higher Low at the bottom of the pattern, which also coincided with a 4H MA200 (orange trend-line) test, and rebounded. That was a clear buy signal on the 4H RSI Support that signaled the last three bottom buys. Our Target is the top of the pattern at 196.300. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
GBP-JPY Resistance Cluster! Sell! Hello,Traders! GBP-JPY made a retest Of the resistance cluster Of the rising and horizontal Resistance lines around 193.989 And we are already seeing a Bearish reaction so we will be Expecting a further bearish Move down Sell! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TopTradingSignals
1
GBPJPY - Bullish Breakout Likely The GBP/JPY 4-hour chart shows a strong bullish trend that propelled the pair from 190.50 support in early May to peaks near 196.50, followed by a healthy consolidation phase around the 192.00-194.00 range. This sideways price action has allowed momentum to reset while maintaining the underlying upward structure, with the pair successfully holding above key support at 192.00. The current positioning near the upper boundary of the consolidation range, combined with signs of renewed buying interest, suggests the correction is nearing completion. The technical setup favors a bullish breakout, with the higher probability scenario pointing toward a resumption of the uptrend targeting the previous high around 196.50 and potentially extending toward the 197.00 resistance zone. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by financialflagship
GBPJPY Channel Down making a Lower High rejectionThe GBPJPY pair rose aggressively since the last time we gave our buy signal (April 11, see chart below), quickly hitting our conservative 109.250 Target: The price has since made a Lower High rejection at the top of the Channel Down but remains supported by the 1D MA50 (blue trend-line). Once broken and it closes a 1D candle below it, we will have bearish break-out signal. Our Targe will be 185.250, which will be the standard -5.85% decline that all 3 previous Bearish Legs had within the Channel Down. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
3
GBP-JPY Free Signal! Sell! Hello,Traders! GBP-JPY is trading in an Uptrend and the pair is once Again about to retest a horizontal Resistance level of 193.665 So despite our bullish bias We will enter a local short trade On Monday with the Take Profit Of 192.946 and the Stop Loss Of 193.799 which is slightly Above the upper bound of The wide supply area Sell! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TopTradingSignals
1
GBPJPY BULLISH OR BEARISH DETAILED ANALYSISGBPJPY is currently trading near 190.80 and is forming a significant breakout structure on the 3-day chart. After months of consolidation under a descending trendline, the pair is now coiling tightly, signaling a potential bullish breakout. The pair has respected the lower support range near 183.70 while pushing up against descending resistance multiple times. This squeeze pattern often precedes a major directional move, and with bullish momentum building, GBPJPY could be primed for a rally toward the 210.00 zone. Fundamentally, the British pound is finding strong support from the latest hawkish commentary by the Bank of England, which has hinted that inflation remains sticky, keeping rate cut expectations delayed. On the other hand, the Japanese yen remains under consistent pressure due to the Bank of Japan's ultra-dovish stance and yield curve control policies. The BoJ’s reluctance to shift its policy outlook, coupled with soft macro data from Japan, is weakening the yen across the board. Technically, a breakout and close above the descending trendline around 194.00 will be a key confirmation point. If this happens, bulls could dominate and push GBPJPY toward the 210.00 resistance zone in the medium term. The R\:R on this setup remains favorable with stops safely tucked below 183.70, giving this trade strong upside potential. This pair is currently one of my top watchlist setups for May as both the technical and fundamental landscapes align. With bullish sentiment driving GBP strength and JPY weakness being a prevailing macro theme, GBPJPY could deliver a powerful upside continuation if the breakout confirms.
Long
by AndrewsMarket-Mastery
3
GBPJPY: Entering the most optimal medium-term Sell Zone.The GBPJPY pair is bullish on its 1D technical outlook (RSI = 59.237, MACD = 0.300, ADX = 16.909) as it is expanding the bullish wave of the 6 month Channel Down. The two prior peaked on the 0.786 and 0.9 Fibonacci retracement level respectively. This bullish wave has already reached the 0.786 Fib, so it has entered the most optimal Sell Zone for the medium term. Even if it peaks on the 0.9 Fib, a -5.90% bearish wave (similar with the 3 prior) would test 183.500. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1