GBPJPY is coming out of consolidation... With the decline of the dollar, the Japanese yen is gaining momentum and strengthening.
GBPJPY currency pair is under pressure from sellers.
The price is coming out of the triangle down, the continuation of the main downward movement is possible when the support at 188.23 is broken.
Scenario: Con
About British Pound / Japanese Yen
The British Pound (GBP) vs. the Japanese Yen (JPY) is a highly volatile pair. JPY is often used as a funding currency of a trade because it’s historically a low yielding currency. Since UK is one of the larger economies in Europe, the GBPJPY pair can be considered as a proxy for worldwide economic health. On the other hand, this pair performs like a representer for market 'risk-off' moves as the carry trade gets reversed. As a result, GBPJPY is able to develop strong trends that exceed thousands of pips.
DeGRAM | GBPJPY Broke Down Triangle📊 Technical Analysis
GBP/JPY continues to move within a triangle, staying below the 189 level.
The 189.00 level remains a strong ceiling; rejection here signals continued downside.
If pressure holds, price may retest support around 184.75.
✨ Summary
Technical weakness + soft UK data + JP
GBPJPY – Breakout Buy Setup (Macro Alignment)GBPJPY long setup backed by rising LEI, strong macro trend, JPY weakness, and bullish seasonal window approaching after April 24.
Waiting for breakout confirmation above resistance to validate entry.
🧠 Macro + Model Alignment
LEI score rising → 33 (April), macro outlook improving
Exo+LEI = 1153 → s
GBP/JPY) Bearish analysis Read The ChaptianSMC Trading point update
GBP/JPY 2-hour chart outlines a clear bearish setup within a well-defined downtrend. Here's a breakdown of the trading idea:
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Technical Overview:
Downtrend Channel:
The pair is respecting a downward-sloping channel, with repeated rejections at the upper boundary,
Lingrid | GBPJPY short-term BULLISH move from the SUPPORTThe price perfectly fulfilled my last idea . FX:GBPJPY price is making higher low and higher highs showing bullish trend on the 1H timeframe. The market seems to be moving sideways below the psychological level at 190.000, which means that the market may retest the zone above it because the price
GBP/JPY Bearish Reversal Setup–Eyeing Breakdown from Supply Zone1. Supply Zone (Resistance Area) 🟦 Supply Zone:
Located around 189.500–190.000
🔺 Price got rejected here multiple times — strong selling pressure.
2. Ascending Trendline Support
📈 Trendline connecting higher lows (marked with yellow dots)
🟡 Support tested multiple times, acting as a rising wedge st
Why I Think GBPJPY May Continue to Sell...Technical AnalysisHey Rich Friends,
I think GBPJPY will continue to sell today and maybe this week. This is only a technical analysis so check the news and cross-reference your charts/indicators. Here is what I am looking at:
- The market has already rejected the daily high of 188.852, which is a strong sign that
#GBPJPY: Will JPY Drop or Continue The Bullish Trend? As JPY strengthens, all ‘XXXJPY’ pairs sold heavily. This trade war scenario is uncertain, so it brings significant risk. If strong news supports the US DOLLAR, we’ll likely see a sharp price drop. Use accurate risk management and analyse before blindly following any advice.
Good luck and trade saf
GBPJPY Is Going Down! Sell!
Please, check our technical outlook for GBPJPY.
Time Frame: 45m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 188.674.
Taking into consideration the current market trend & overbought RSI, chances will be high to see
GBPJPY Potential DownsidesHey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 189.600 zone, GBPJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 189.600 support and resistance area.
Trade safe, Joe.
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The value of the GBPJPY pair is quoted as 1 GBP per x JPY. For example, if the pair is trading at 1.50, it means it takes 1.5 JPY to buy 1 GBP.
GBPJPY is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade GBPJPY right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.