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GBPJPY Eyes 200 BoJ Dovishness & Bullish UK SentimentGBPJPY pair has staged a decisive breakout from a multi-day consolidation zone, with technical momentum and macro fundamentals aligning in favor of further upside. Price action has respected a bullish continuation structure — a falling wedge followed by horizontal accumulation — and is now pressing toward the psychological 200.00 level. With the Bank of England holding firm on policy and the Bank of Japan maintaining its ultra-loose stance, GBPJPY presents one of the strongest carry trade setups in the market. Here's a breakdown of what’s driving this move and what to watch next: 📈 Current Bias: Bullish The pair has confirmed a bullish breakout above the 198.80–198.95 resistance zone, targeting higher fib extensions at 199.40 and 200.00. Momentum is clearly on the bulls’ side as GBPJPY follows through on a textbook pattern breakout. 🔍 Key Fundamentals: Bank of Japan’s Dovish Stance: The BoJ continues to resist any significant tightening, reaffirming yield curve control and negative real yields. This keeps the yen fundamentally weak, especially against higher-yielding currencies. Bank of England’s Hawkish Hold: Despite global easing signals, the BoE remains cautious and data-dependent, with inflation still sticky in the UK. This underpins GBP strength relative to the yen. Global Risk Appetite: Strong equity markets, especially the US500 rally, reduce demand for the safe-haven JPY and increase appetite for high-yielding cross pairs like GBPJPY. ⚠️ Risks to the Trend: Safe-Haven Shocks: Any sudden geopolitical tension (e.g., Middle East, US-China trade rhetoric) may trigger JPY demand and reverse the bullish flow. Unexpected BoE Dovish Pivot: A surprise in UK inflation or dovish commentary from the BoE could weaken GBP momentum. JPY Intervention Risks: With the yen near historically weak levels, any threat or action from Japan’s Ministry of Finance or verbal intervention by BoJ officials could spark sudden volatility. 📅 Key News/Events Ahead: Japan’s Tankan Survey (June 30): May influence BoJ tone. UK Final Manufacturing PMI (July 3): A key gauge for growth momentum. BoE Governor Bailey Speech (July 5): Any hints on policy trajectory will be market-moving. US NFP & Global Risk Sentiment: Impacts broader carry trade appetite. ⚖️ Leader or Lagger? GBPJPY is a leader — it often acts as the flagship pair for carry trade demand. Moves in GBPJPY frequently guide sentiment across other JPY pairs like CADJPY, AUDJPY, and NZDJPY, especially when driven by macro divergences. Its high beta to risk sentiment also makes it a prime barometer for global financial mood. 🎯 Conclusion: GBPJPY has momentum, macro divergence, and a clean technical setup on its side. The breakout above consolidation favors a continued rally toward 199.40 and possibly 200.00. While geopolitical or policy shocks remain risks, the current backdrop supports staying bullish while above the 197.65 invalidation level.
Long
by ultreosforex
6
#GBPJPY: UPDATED VIEW 24/10/2024 **GBPJPY UPDATED VIEW BASED ON PREVIOUS ANALYSIS** Dear Traders, I hope you are doing well. Based on our previous analysis of GBPJPY, we identified two potential selling opportunities within the market. However, the bullish sentiment in the DXY currency pair has had a significant impact on JPY, causing it to fall short of its full value within the daily timeframe. As of today, we have observed a potential exhaustion of DXY’s bullish momentum, with four-hour candles indicating a strong bearish pressure. This development presents an opportunity for JPY to rebound, potentially allowing us to secure substantial profits within the market. Now, let’s focus on the GBPJPY currency pair. The price has extended its bullish trend, although there is a possibility of a reversal from its current position. We recommend implementing appropriate stop-loss orders for any sell entries taken from the current market price. If the initial entry fails, we are confident that the price is likely to reverse from our second entry. Before making any decisions based on this analysis, it is essential to conduct your own research. This analysis is solely for educational purposes and should not be considered financial advice. We appreciate your feedback and support. If you find our work valuable, please consider liking and commenting on our ideas. Additionally, following us will provide us with encouragement and motivation. Best regards, Team SetupsFX_
Short
by Setupsfx_
20
GBPJPY: 1050+ Pips Move! Will JPY continue dropping? In our previous analysis, we anticipated a similar move for GBPJPY, but the price dropped a bit further than expected. It’s now in a position to buy long, but please use accurate risk management as JPY pairs are likely to remain more volatile than ever. There are three targets you can keep an eye on: 197, then 200. Remember, trading involves risk, so make your own decisions. Good luck and trade safely! Thank you for your unwavering support! 😊 If you’d like to contribute, here are a few ways you can help us: - Like our ideas - Comment on our ideas - Share our ideas Team Setupsfx_ ❤️🚀
Long
by Setupsfx_
8
#GBPJPY: +916 Pips Swing Buy Opportunity! Comment Down Your ViewThe FX:GBPJPY price has moved nicely from 187 to 191, almost +400 pips. I expect a small correction, but then the bullish move should continue towards the 200 region. You can set a target based on your analysis or set it at 200, whichever works for you. Good luck and trade safely. Good luck and trade safely! Thank you for your unwavering support! 😊 If you’d like to contribute, here are a few ways you can help us: - Like our ideas - Comment on our ideas - Share our ideas Team Setupsfx_ ❤️🚀
Long
by Setupsfx_
12
GBPJPY Trade Setup Analysis – Bullish Momentum Brewing🔍 Technical Overview Pair: GBPJPY Chart Type: Candlestick Indicators Used: EMA 50 (Red) ➖ Short-term trend EMA 200 (Blue) ➖ Long-term trend 🧱 Key Levels 🟣 Resistance Zone: 195.300 – 196.000 🟪 Intermediate Resistance/Support Flip: 193.000 – 193.700 🟦 Support Zone: 191.500 – 192.300 📈 Bullish Structure Observed Support Bounce 🔁 Price found strong support around the 192.300 level (confluence of support zone + EMA 200 bounce) 💪 Break Above Resistance Flip 🔓 Price recently broke above the mid-zone (~193.300), flipping it into a potential new support. This indicates bullish pressure is increasing. ⚡ EMA Crossover Confirmation ✅ Price is now trading above both the EMA 50 and EMA 200 – a bullish alignment. 🔮 Projection & Trade Bias 📍 Current Price: 193.744 📈 Bullish Target: Resistance zone at ~196.000 📉 Invalidation: Break and close below 192.200 💡 Expected Move: A retest of the 193.300 zone could offer a high-probability buy entry, targeting a full move to the top resistance range. 📦 ⚠️ Risk Management Note Always apply: 🎯 Defined entry + stop-loss (SL) below 192.000 💰 Risk:Reward at least 1:2 🛡️ Adjust size according to volatility 🧠 Summary The pair is showing bullish structure recovery with confluence at key EMAs and a resistance-turn-support breakout. A rally toward the 196.000 region is highly likely if current structure holds. 📊🔥
Long
by MrStellanSight
12
GBPJPY: Will Price Touch a Major Psychological Point Of 200? The GBPJPY currency pair is currently struggling to break through the 194 region as the Japanese yen (JPY) consolidates, making the future price trajectory uncertain. This situation has significantly complicated trading JPY pairs. Analysing historical price behaviour in similar circumstances can provide insights into potential future movements, but it’s crucial to conduct thorough research before engaging in trading. Past performance doesn’t guarantee adherence to chart trends. The Japanese yen (JPY) also exhibits a negative correlation with the US dollar (USD). Given our bullish stance on the DXY index in the coming days, we anticipate substantial pressure on the JPY, potentially leading to a significant decline. It’s also worth considering the GBP, which has surged to prominence as one of the most sought-after currencies since the market opened earlier today. In the meantime, we recommend setting two take-profit targets: one at 197 and another at 199. These levels are likely to witness substantial bearish volume entering the market. We wish you successful trading and emphasise the importance of adhering to safety protocols. We appreciate your unwavering support and encourage you to contribute by liking, commenting, or sharing our ideas. Team Setupsfx_ ❤️🚀
Long
by Setupsfx_
12
WHERE PRICE GOES...WE FOLLOW GBPJPY LONG FORECAST Q2 W21 Y25WHERE PRICE GOES...WE FOLLOW GBPJPY LONG FORECAST Q2 W21 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block rejection ✅Daily order block rejection ✅Intraday 15' order blocks ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Long
by JCFRGNT
IT DEPENDS WHAT HAPPENS 1ST! GBPJPY SHORT FORECAST Q2 W21 Y25IT DEPENDS WHAT HAPPENS 1ST! GBPJPY SHORT FORECAST Q2 W21 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block rejection ✅Daily order block rejection ✅Intraday 15' order blocks ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
GBPJPY Bullish Breakout – Watch for Momentum Towards 194.60GBPJPY has broken out of a descending wedge and is now retesting the breakout zone near 189.50–189.80. This area aligns with previous structure support and the wedge's upper boundary. Price action indicates bullish momentum is resuming. 🔑 Key Levels: Current Price: 189.66 Breakout Level: ~189.50 Resistance Targets: TP1: 190.55 (recent resistance high) TP2: 192.57 TP3: 194.61 (key supply/weekly resistance zone) ✅ Bullish Confluence: Breakout from falling wedge pattern Strong retest of breakout zone with consolidation Higher low formation and bullish engulfing attempt No major resistance until 190.50, providing clean upside 🧠 Fundamental Context: CBI Report (UK): Sentiment and investment outlook among UK manufacturers is deteriorating, but the pound has shown resilience likely driven by broader risk-on market sentiment. BOJ Outlook (Japan): IMF suggests BOJ is likely to delay further rate hikes due to global uncertainty from US tariffs, maintaining a dovish bias. This weakens the yen’s fundamental strength. Market Mood: With Japan facing delayed policy tightening and UK's inflation still above target, GBPJPY favors the bullish case in the short term. 💡 Trade Idea: Bias: Bullish above 189.30 Entry: On retest confirmation around 189.50 Target 1: 190.55 Target 2: 192.57 Target 3: 194.61 Stop Loss: Below 188.80 📌 Note: Keep an eye on US data and BOJ tone shifts. Any risk-off shift in global markets could affect yen strength unexpectedly.
Long
by ultreosforex
16
GBP/JPY "The Dragon" Forex Bank Heist Plan (Scalping/Day Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑 💰💸✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the GBP/JPY "The Dragon" Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is to escape near the high-risk MA Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉 Entry 📈 : "The vault is wide open! Swipe the Bullish loot at any price - the heist is on! however I advise to Place buy limit orders within a 15 or 30 minute timeframe nearest or swing low or high level for pullback entries. Stop Loss 🛑: 📍 Thief SL placed at the recent/swing low level Using the 1H timeframe (188.000) Day/Scalping trade basis. 📍 SL is based on your risk of the trade, lot size and how many multiple orders you have to take. 🏴‍☠️Target 🎯: 191.000 💰💵💸GBP/JPY "The Beast" Forex Market Heist Plan (Scalping/Day) is currently experiencing a bullishness,., driven by several key factors. 👇👇👇 📰🗞️Get & Read the Fundamental, Macro, COT Report, Quantitative Analysis, Sentimental Outlook, Intermarket Analysis, Future trend targets and Overall outlook score..., go ahead to check 👉👉👉🔗 ⚠️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 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. 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
1
#GBPJPY:Three Positions Currently Opened, What about the next? Our three positions are currently open based on our last three ideas on GJ. We’re witnessing a strong bullish movement at the moment. Our next big target is 197, and then we aim for 200. Remember, trading involves risk, so take your own decisions. Good luck and trade safely! Thank you for your unwavering support! 😊 If you’d like to contribute, here are a few ways you can help us: - Like our ideas - Comment on our ideas - Share our ideas Team Setupsfx_ ❤️🚀
Long
by Setupsfx_
16
#GBPJPY: +250 Pips From Last Idea Expecting A Strong Bulls! The GBPJPY currency pair experienced a decline to the 190 area, which represents a discounted price range. Subsequently, the price reversed positively by approximately 250 pips. Our market analysis remains unchanged, and we anticipate that the price will continue to exert dominance. It is possible that the price may experience a correction or a downward movement, as we anticipate the release of strong economic data this week. This data is likely to influence the future trajectory of the currency pair. We encourage you to like and comment for further insights. Your support has been invaluable throughout our journey, and we sincerely hope that you achieve success in your own market endeavours. Team Setupsfx_ ❤️🚀
Long
by Setupsfx_
7
My Directional Bias on GBPJPY for the long run {29/03/2025}Educational Analysis says that GBPJPY may give countertrend opportunities from this range, according to my technical analysis. Broker - FXCM So, my analysis is based on a top-down approach from weekly to trend range to internal trend range. So my analysis comprises of two structures: 1) Break of structure on weekly range and 2) External pushback to fill the remaining fair value gap 1) Break of structure on weekly range is down trend for the long run period of 10 years, may be it switch to new character or change its direction to bullish. 2) External pushback structure is the trading range where it trades on the smaller time frame, On this structure range market on inside trading or smaller time frame is bullish towards fib of 1.618 and make turn to fill the fair value gaps of it. Let's see what this pair brings to the table for us in the future. Please check the comment section to see how this turned out. DISCLAIMER:- This is not an entry signal. THIS IS ONLY EDUCATIONAL PURPOSE ANALYSIS. I have no concerns with your profit and loss from this analysis. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
by VishalBudhrani