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GBPJPY

GBPJPY Is Nearing Strong Resistance ZoneGBPJPY has been in a strong bullish phase, but five-wave bullish cycle within wave (5) up from 2022 swing lows can be completed after recent strong reversal down back below channel support lines. In fact, drop from the high is impulsive on a smaller time frame, so it’s wave A that stabilized near 178 support area as expected. As such, current rise is corrective, ideally B wave that can be still in progress as a bigger correction before a continuation lower for wave C. Ideal resistance is at that channel line, from the outside, around 198 – 200 area. GBPJPY is looking for a higher resistance within wave C of (B) in the 4-hour chart, as it can be now breaking out of subwave »iv« triangle into subwave »v« of C, so keep an eye on next strong 198 – 200 resistance zone, from where bears for a higher degree wave (C) may show up.
Short
by ew-forecast
GBPJPY Potential Up Trend ContinuationGBPJPY is forming a bullish trend, marked by higher highs and higher lows on the 1H timeframe. Recently, it broke and closed above the 195.600 resistance zone, a level that had been tested multiple times. Following this breakout, the market could surge toward the upper boundary of the channel. Given the choppy market behaviour since the beginning of October, this breakout could potentially be significant. The target is the resistance zone around 196.900
Long
by RTED_Investing
GBPJPY - Look for Continuation Long (SWING) 1:4!GBPJPY isn’t showing any signs of reversal yet, especially following the election of Japan’s new PM and the recent BOE decision to maintain interest rates. Technically, the price appears to be forming a symmetrical triangle, suggesting a potential breakout from the resistance trendline. If confirmed, this could propel the price to the next Supply Zone on the higher timeframe. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_
1
GBPJPY Will Collapse! SELL! My dear followers, This is my opinion on the GBPJPY next move: The asset is approaching an important pivot point 196.90 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 195.84 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
GBPJPY Sell play? GBPJPY Sell zone. SL invalid area line. Good Luck **Forex Analysis Disclaimer** This analysis is intended for informational purposes only and should not be considered investment advice. I utilize technical analysis as the basis for decision-making and do not focus on fundamental analysis. Forex trading involves high risk and can result in losses. It is advisable to conduct your own research and consult with a financial advisor before making any trades. I am not responsible for any losses that may arise from the use of this information.
Short
by Forex_Int
GBP/JPY Eyes Bullish Rebound from Key 50% Fibonacci LevelThe GBP/JPY currency pair has attracted buyers around the 50% Fibonacci retracement level, close to the 189.00 mark. This key technical level offers a potential launching point for a bullish impulse that could see the pair retesting the 198.00 area, which aligns with a prominent supply zone. Traders are eyeing this level for a possible breakout as market conditions increasingly favor the British Pound (GBP) over the Japanese Yen (JPY). The Japanese Yen has been under pressure following comments from Japan's incoming Prime Minister, Shigeru Ishiba, who emphasized that the Bank of Japan’s (BoJ) monetary policy must remain accommodative to support the country’s fragile economic recovery. Ishiba’s stance highlights the ongoing need for stimulus in Japan, which contrasts sharply with the more hawkish outlook from other central banks globally. This dovish tone from Japan’s leadership has further weakened the Yen, making it more attractive for buyers of GBP/JPY. In addition to the incoming PM’s remarks, political developments in Japan also play a role in the JPY’s softness. Ishiba has announced plans for a general election scheduled for October 27, creating a sense of political uncertainty that could continue to weigh on the Yen in the near term. Coupled with mixed Japanese economic data, these factors contribute to the ongoing depreciation of the Yen, allowing the British Pound to gain further traction. From a technical standpoint, the GBP/JPY pair’s rebound from the 50% Fibonacci retracement level around 189.00 signals potential bullish momentum, supported by weakening fundamentals in Japan. If the bullish sentiment continues, the pair could target the 198.00 supply zone in the coming sessions. However, traders should remain cautious, as any shifts in Japan's economic or political landscape could introduce volatility into the pair. In conclusion, GBP/JPY appears poised for a potential bullish run, driven by technical support and favorable fundamental developments. The weakening Japanese Yen, alongside continued political uncertainty, offers a supportive backdrop for the Pound’s strength, setting the stage for a possible retest of the 198.00 supply zone. Traders should monitor key developments in Japan as well as global market sentiment for further cues. ✅ Please share your thoughts about GBP/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
GBP/JPY Consolidation Tightens: Bulls Eyeing a Break Above 195.7After a strong correction and finding a bottom at 180 in early August, OANDA:GBPJPY began to recover, initially rising to the 193 zone. Another leg down followed, but this time, bulls regained control at the 183.90 level, forming a higher low supported by a double bottom pattern. The next upward move stalled at the 195 resistance, and the pair has since entered a consolidation phase. However, the recent consolidation range is tightening, and it appears that the price is gearing up for an upward breakout. I am slightly bullish on this pair, and a break with a daily close above the 195.70 resistance level would confirm this outlook, potentially leading to further gains toward the key 200 zone. In the short term, interim resistance around 198 could also serve as a target for bullish traders.
Long
by Mihai_Iacob
4
GBPJPY Is Going Up! Buy! Take a look at our analysis for GBPJPY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 197.654. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 203.292 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBP/JPY Eyes a Long Setup After Retesting 180.000 Demand AreaThe GBP/JPY currency pair has recently revisited the critical 180.000 level, which has proven to be a significant demand zone. This area has effectively absorbed the selling pressure, leading to a notable price rebound. The interaction at this level suggests that the market is recognizing this zone as a strong support, and the downtrend that previously dominated may be losing steam. The price action at 180.000 has halted the bearish momentum, indicating that the pair might be gearing up for a reversal. As selling pressure diminishes, buyers appear to be stepping in, which could set the stage for a new bullish phase. Given the strength of the rebound, we are closely monitoring this area for a long setup, aiming for a return to the 200.000 level. This potential bullish move is supported by the significant bounce from the demand zone, suggesting that the GBP/JPY pair may have found a solid foundation to recover from. The long setup we’re considering at this point is focused on capitalizing on the anticipated upward trajectory, as the pair stabilizes and positions itself for a climb back to previous highs around the 200.000 mark. This area could be the launchpad for a sustained recovery, offering an attractive opportunity for traders looking to ride the bullish reversal. ✅ Please share your thoughts about GBP/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
9
GBPJPY - 4hrs ( Buy Trade Target Range 280 PIP )🟢 Pair Name : GBP/JPY Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Long ) Break Out Done Type : Mid Term Swing ——————————— Bullish Break 195.700 Area Reasons - Major Turn level / M - Visible range Lvn - Triangel Pattern - Fibo Golden - week High Area - Choch Zone Bearish Reversal 198.850 Area - Major Turn level / D - Visible range hvn - FIbo Golden Zone - Quarters High Area - Choch Zone
Long
by GentleGoldenEngine
7
GBPJPY: Medium term correction.GBPJPY is bullish on its 1D technical outlook (RSI = 59.018, MACD = 1.270, ADX = 45.334) but on a decreasing rate as the aggressive rise has taken a pause and the price, despite inside a Channel Up since August, has turned sideways since October 4th on the 4H MA50. We expect the bearish wave of the Channel Up to start any day now. Even though the previous targeted the 0.618 Fib, we will aim for the 0.5 this time (TP = 190.000) as the decline may start a little higher than the current price. Keep in mind that the best trigger to sell will be a 1D MACD Bearish Cross. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
GBPJPY H4 - Short Signal GBPJPY H4 We have made a slight adjustment to our trading zone here on GBPJPY. Moving the zone from 195 psychological price, up 60 points to around 195.600. Slight adjustments to accommodate for the recent high press attempts. Supply and resistance no doubt evident on this 195.600 price, stops now covering recent wick high prices of 196.100, with a breathing space of 5-10 points. We are ranging really nicely here, whilst stops may seem quite large, this is a fast moving pair, and the profit target it also large. This pair has been moving 100’s of points in very quick succession over the past few weeks. The range measures a healthy 200-250 points until support price/TP target.
Short
by Trade_Simple_FX
Formation of an Ascending Triangle Pattern , All Eyes on Buying Hello 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
GBPJPY Will Go Lower! Sell! Take a look at our analysis for GBPJPY. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 195.006. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 194.170 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1