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GBPJPY trade ideas

GBPJPY NEXT MOVE (expecting a bearish move)(mid term)Go through the analysis carefully, and do trade accordingly. Anup Bias (Mid term) Current price- 198.500 "if Price stay below 200.500 then next target is 196.500 and 191.500 and below that 189.000. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.
Short
by AnupZiddi
8
GBPJPY is forming a reversal pattern. Trend reversal...As part of the rally and news reaction, the price is testing strong resistance from D1-W1. A false breakout is forming in the form of a bullish wedge, with the price returning back below the level. A reversal pattern is emerging on the chart: H&S, bullish wedge. A break of 199.5 could reverse the movement. A bullish wedge is a reversal pattern. The market is showing an upward movement, which is hampered by limit orders formed by bears. The boundaries are narrowing, followed by a breakdown of support, which triggers a downward impulse.
Short
by AndeWave
14
GBPJPY Short trade set up 4H📉 GBP Swing Trade Setup – Bearish Bias Liquidity Sweep: On 31st July, price swept key liquidity before commencing its move lower. FVG Structure: The drop left multiple Fair Value Gaps (FVGs). Price has now fully retraced into the first FVG of this leg down, presenting a potential continuation opportunity. Discounted Price: Current price action has retraced into discounted territory (below equilibrium of the prior swing). Orderflow Bias: Using the Orderflow Boxing method, bias remains bearish. Fundamental Confluence: The Bank of England has signalled a rate-cutting cycle ahead, with commentary suggesting the nominal rate should move towards the 2–4% range. This is typically bearish for GBP unless already fully priced into the market. Swing Trade Plan: Direction: Short (bearish bias) POI: First FVG from the leg down starting 31st July Confluences: Liquidity sweep Retracement into discount Within FVG Bearish orderflow Dovish BoE stance 📌 This is not financial advice. For educational purposes only.
Short
by PandP_Scalping
7
GBP/JPY Trap? Smart Money Might Be Setting Up the Next Drop📊 1. Technical Overview Price broke the bullish structure decisively, closing below a key demand zone between 195.00–196.00, leaving a large unfilled imbalance. Last week's recovery candle suggests a potential pullback toward 197.40–197.80, now acting as a resistance confluence. The descending channel and weak RSI further support a continuation of the bearish trend. Bearish targets: 193.50 and 192.20 📈 2. COT (Commitment of Traders) Report GBP: Non-commercials are cutting long positions (–5,961) and adding shorts (+6,637) → Bearish divergence developing on GBP. JPY: Non-commercials are heavily increasing short exposure (+15,113), but remain strongly net-long overall, indicating a potential exhaustion of bullish JPY positioning. 💭 3. Retail Sentiment Positioning is neutral: 51% long / 49% short. This balance suggests no excessive retail bias, leaving room for directional moves without immediate contrarian pressure. 📆 4. Seasonality August is historically bearish for GBP/JPY: • –2.82% (20Y average) • –3.04% (15Y average) • –1.44% (5Y average) The data shows a consistent historical bias to the downside during this month. 🎯 5. Strategic Outlook • Primary Bias: Bearish below 197.40–197.80 • Invalidation: Weekly close above 198.10 • Targets: 195.00 > 193.50 > 192.20 The confluence of technical rejection, bearish COT dynamics, neutral sentiment, and negative seasonality supports a corrective scenario for August.
Short
by EdgeTradingJourney
5
GBPJPY Forming Bullish ContinuationGBPJPY has broken upward from a multi-test demand zone near the 195.00–195.50 area on the daily chart, and buyers are now stepping in confidently. Price is holding above that support and pushing toward the upper resistance region. A clean move and close above 200.00 could set the stage for a further leg upward, targeting the 207.30 zone as indicated on the chart. From a macro perspective, recent developments are in favor of the pound and against the yen. The Bank of England has started easing, cutting rates to 4% with a "gradual and careful" tone, but still remains relatively hawkish amid sticky inflation pressures. Meanwhile, the Bank of Japan remains cautious, keeping rates low, which continues to exert weakening pressure on the yen overall. Technically, the bounce from that demand zone and clear upward momentum indicate a strong continuation pattern. As long as the pair stays above 195.50, the trend remains bullish. Traders may look to enter on dips with stops below that zone, aiming for the 207.30 level where resistance and liquidity converge. Overall, GBPJPY is showing a compelling trend-following opportunity driven by both technical structure and fundamental divergence. Breaking above 200 would likely accelerate momentum toward the 207 area. It’s a high-probability setup with clearly defined risk levels and strong macro alignment—not to be missed.
Long
by AndrewsMarket-Mastery
3
GBP/JPY–Potential Fake Breakout from Rising Wedge/KeyLevelsAheadGBP/JPY is currently testing the 198.50 resistance area after forming a Rising Wedge pattern on the 4H chart. This zone has historically acted as a strong rejection point (previous tops), and the current structure suggests a possible fake breakout scenario. Key observations: Pattern: Rising Wedge following a bullish trendline from June lows. Resistance: 198.50–200.00 remains a critical supply zone. Rejection Signals: Multiple failed attempts to hold above this level (Tops 1, 2, and 3). Downside Targets: If price confirms rejection, potential short-term targets are 195.00 and 193.50. Support: Major support zone near 191.50–192.00. Trading Plan: I am closely monitoring price action around 198.50. A clear bearish rejection with strong volume could trigger a sell-off toward the mentioned targets. If buyers push above 200.00 with strong momentum, the bearish scenario becomes invalid. ⚠️ Risk Management: Always wait for confirmation before entering trades. Use stop-loss orders and avoid over-leveraging. This is not financial advice — for educational purposes only
Short
by ProfitMagnet-Pro
6
GBP/JPY WEEKThis week in the markets was nothing short of amazing. I stayed sharp, made calculated moves, and turned challenges into opportunities. Every trade taught me something new, and I kept my focus steady even when the charts got wild. It felt good to see my strategy pay off and my confidence grow with every win. Overall, it was a powerful reminder that persistence, patience, and smart decisions can really make the difference. Ready to keep this momentum going! OANDA:GBPJPY
by trademillions4mo
2
GBP/JPY - Full Trade Plan📉 GBP/JPY Short Setup – Structure Cracking Below Pair: GBP/JPY Timeframe: 4H / Daily Bias: Bearish Entry Zone: 196.900 - 197.100 (71% + EMA Retest) Target Zones: 🔹 TP1: 195.00 🔹 TP2: 190.00 (W-Target) 🧠 Technical Breakdown: ✅ 4H Structure Shift Confirmed Price has broken and shifted structure on the 4H timeframe. Multiple BOS (Breaks of Structure) confirm a weakening bullish trend. ✅ Daily Still Holding – But Weak Daily structure hasn't fully flipped yet, but bullish pressure is cracking. This gives us a high-risk-reward opportunity before full higher-timeframe confirmation. ✅ Breakout & Retest + 71% Retracement Classic breakout and retest pattern from the high. Price has pulled back into the 71% Fib level, providing a premium entry. ✅ Retest of EMA + Contested POI Price also tested the 4H EMA, acting as dynamic resistance. This zone overlaps with a previous point of interest (POI) – heavy confluence for sell pressure. 📌 Sell Plan: Sell Zone: 196.900 – 197.100 (watch for rejection candles or LTF structure breaks) Stop Loss: Above the last swing high or EMA Take Profits: TP1: 195.00 TP2: 190.00 (Weekly Target) ⚠️ Risk Management Only execute once LTF confirms entry (M15/M5 BOS or bearish engulfing rejection). Position size with R:R in mind; this setup offers a potential 1:4+ move. 🗓️ Market Outlook: GBP/JPY is showing early signs of rolling over. The 4H shift, combined with a premium retest and EMA rejection, creates a clean short window. Watch the daily close for full confirmation. 🔔 Like and follow for more clean smart money & structure-based setups.
Short
by jamesibartram
3
UPDATE: GBP/JPY heading to target but like a Dungbeetle!Another analysis done in May with a W Formation. It broke above then below then tested the resistance (neckline) three times. Before it turned back up. So now we are getting good traction for upside (if the interest daily charges haven't eaten enough of the portfolio. And now we will just wait for the price to head to the first target of 205.66 W Formation Price>20 and 200MA Target 205.66 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 Timonrosso
1
GBP/JPY Stages Three-Day RallyGBP/JPY climbs to a fresh weekly high (197.93) as it stages a three-day rally, and a close above the 195.70 (61.8% Fibonacci extension) to 196.60 (23.6% Fibonacci extension) region may lead to a test of the July high (199.98). A breach above 201.20 (23.6% Fibonacci retracement) opens up 202.00 (23.6% Fibonacci extension), but GBP/JPY may struggle to extend the recent series of higher highs and lows should fail to close above the 195.70 (61.8% Fibonacci extension) to 196.60 (23.6% Fibonacci extension) region. A breach of the monthly low (195.04) may GBP/JPY toward the June low (192.73), with a move/close below the 192.40 (50% Fibonacci extension) to 193.50 (38.2% Fibonacci extension) zone opening up the May low (190.33). --- Written by David Song, Senior Strategist at FOREX.com
by FOREXcom
1
GBPJPY: Strong Bullish Reversal from Demand ZoneGBPJPY has bounced sharply from a key demand zone, indicating renewed bullish momentum. The pair continues to follow the broader bullish bias in GBP crosses, with JPY weakness driven by the Bank of Japan's dovish policy stance. Technical Analysis (4H Chart) Pattern: Bullish rejection from the 195.30–195.50 demand zone. Current Level: 195.58, rebounding from strong support, setting up for a potential upward leg. Key Support Levels: 195.34 – immediate demand zone and critical support. 194.90 – deeper backup support if a pullback occurs. Resistance Levels: 197.31 – near-term resistance and first upside target. 199.72 – extended target if bullish continuation strengthens. Projection: As long as 195.34 holds, GBP/JPY could push toward 197.31, with potential for 199.72 if GBP strength persists. Fundamental Analysis Bias: Bullish. Key Fundamentals: GBP: Supported by the BOE’s cautious but tight stance due to persistent inflation pressures. JPY: Remains fundamentally weak, with the BoJ avoiding major policy tightening while intervention threats only provide short-term support. Risk Sentiment: Mild risk-on conditions favor GBP over safe-haven JPY. Risks: BoJ FX intervention could temporarily strengthen JPY. A dovish BOE shift could slow GBP momentum. Key Events: BOE policy updates and UK CPI. BoJ commentary and risk sentiment indicators. Leader/Lagger Dynamics GBP/JPY is a leader among JPY pairs due to GBP’s volatility and strength. It often outpaces EUR/JPY and CHF/JPY, making it a key pair for JPY sentiment shifts. Summary: Bias and Watchpoints GBP/JPY is bullish, with price rebounding from the 195.34 demand zone. Upside targets are 197.31 and 199.72. Watch for BOE communication, BoJ intervention signals, and global risk sentiment for confirmation of the move.
Long
by ultreosforex
27
GBPJPY : Short-Term Bullish SetupGBPJPY – Short-Term Bullish Setup GBPJPY has just broken above a minor resistance zone, signaling a shift in short-term momentum. The previous 1-hour candle closed strong and bullish, suggesting that the pair could continue gaining strength in the next few hours. This move appears to be driven mainly by market speculation and ongoing tariff discussions, adding fuel to the bullish outlook. Key levels to watch: 196.05 196.45 197.00 You may find more details in the chart! Thank you and Good Luck! PS: Please support with a like or comment if you find this analysis useful for your trading day 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 KlejdiCuni
12