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GBPJPY trade ideas

GBPJPY Trade Idea – Eyeing Short from 194.100We’re monitoring the 194.1 level for potential short opportunities. While buyers have been in control, momentum is beginning to show signs of slowing down, suggesting the current uptrend may be running out of steam. Price is starting to form a potential top near a key resistance zone. If this level holds, we could see a pullback in the coming session Our approach? Look to sell into strength—specifically around the 194.1 resistance, which aligns with our custom zone. As always, we’ll wait for confirmation and let the market lead. This is a short bias with caution—if price breaks and holds above, we’ll step aside.
Short
by Eleazarahmath
5
Why GBPJPY IS BULLISH ?? DETAILED TECHNICAL AND FUNDAMENTALS GBPJPY is currently trading at approximately 195.000, having achieved a substantial gain of over 300 pips. Technical analysis suggests that the pair is poised for further upward movement, with a target price of 199.000, indicating the potential for an additional 400 pips gain. This bullish momentum is supported by the pair's recent breakout from a consolidation phase, signaling strong buying interest. Fundamentally, the British pound has demonstrated resilience, bolstered by stable economic indicators and a proactive monetary policy stance from the Bank of England. Conversely, the Japanese yen has experienced depreciation, influenced by the Bank of Japan's commitment to maintaining ultra-loose monetary policies. This divergence in central bank policies has widened the interest rate differential between the two currencies, favoring a stronger pound against the yen. Technical indicators further reinforce the bullish outlook for GBP/JPY. The pair has been trading above key moving averages, with oscillators indicating strong upward momentum. The recent breakout above the 193.000 resistance level has opened the path toward the 199.000 target. Additionally, the Relative Strength Index (RSI) remains in bullish territory, suggesting that the current uptrend has room to continue Traders should monitor key resistance levels closely, as a sustained move above 195.000 could confirm the continuation of the bullish trend toward 199.000. Implementing robust risk management strategies, such as setting appropriate stop-loss orders, is essential to navigate potential market volatility. Staying informed about upcoming economic data releases and central bank communications will also be crucial in effectively capitalizing on this trading opportunity.
Long
by AndrewsMarket-Mastery
3
GBPJPY Long IdeaIn the daily graphs we can observe the price moving between the two daily trend lines which creates triangle. As the increasing trendline is strong for now, we are most likely to seek the Long position in this pair. At the best scenario we will look for the price close daily above the previous major high of 194.900, if yes after a little retest we can come up to at leass to the decreasing trendline to 197.000 levels. So after breaking above and reaching to that point we can see a pull back to the previous resistance level to be turned into new support and after buy confirmation we can look for another highs which were previous daily resistance zones 198.800 and 199.800. On the other scenarios as shown on the chart we can either make the decreasing trendline a strong resistance zone and come back to the previous strong daily resistance zones of 189.200. Let's see and observe what opportunities the market will give us. Good Luck!
Long
by TetanForex
6
Lingrid | GBPJPY trend CONTINUATION Following a BreakoutThe price perfectly fulfilled my last idea . It hit the TP level. The overall FX:GBPJPY price action is forming an ABC move, with the C point completing around the 196.000 level. Recently, the price broke and closed above both the downward trendline and the support level at 194.000. Currently, it is testing last week's high, which coincides with the psychological level of 195.000. On the daily timeframe, a big bullish candle has formed, indicating bullish dominance. I believe the price may create a range zone at this level before continuing higher and potentially breaking out of the PWH. My goal is resistance zone at 195.750 Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
Long
by Lingrid
1
The Trend Is Always Your Friend (GBPJPY)Our analysis is based on multi-timeframe top-down analysis & fundamental analysis. Based on our view the price will rise to the monthly level. DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you. Please support our analysis with a like or comment! Let’s master the market together. Please share your thoughts and encourage us to do more by liking this idea.
Long
by dkb14246
3
GBPJPY: Potential Inverse Head and Shoulders PatternGBPJPY: Potential Inverse Head and Shoulders Pattern GBPJPY is showing the possibility of forming a potential Inverse Head and Shoulders Pattern. The fundamental situation related to the Bank of Japan (BOJ) remains a bit confusing. Government data released on Friday indicated that Japan's consumer prices are on track toward the BOJ's goal of achieving stable 2% inflation. However, this data wasn't strong enough to push the BOJ to rush into the next interest-rate hike, according to market analysts. If GBPJPY continues its current bullish movement, a very strong resistance zone will be found near 191.90. A movement above this area will definitely confirm our pattern, and GBPJPY may continue to rise further to 194.30 and 197.80 in the coming days. 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
17