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GBPJPY trade ideas

A Consolidating Range Emerges in GBP/JPY with Focus on Key ResisThe GBP/JPY pair may extend its decline from the 192-193.5 resistance range, influenced by several factors. Japan remains committed to tightening its monetary policy to bolster the yen’s value, while the USD could weaken further as traders reassess their positions following U.S. interest rate cuts. This combination has the potential to significantly boost the yen’s strength and shape a medium-to-long-term strategy for the pair. From a technical standpoint, I anticipate either a false breakout or a rejection at the resistance zone, followed by a drop toward the liquidity area. Support levels: 190.5, 186.7
Short
by lonelyPlayer0
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
GBP/JPY Analysis: Cycle Completed and Expecting PullbackLooking at the 1-hour chart, GBP/JPY has completed a bullish cycle, reaching the key resistance at **196.054**, as indicated by the blue zone. The pair appears to be facing resistance, and I’m now expecting a pullback. 1. **Fibonacci Levels**: The pullback could target critical Fibonacci levels for a potential bounce. The **23.6% (195.537)** retracement level has already seen some action. However, deeper retracements toward **38.2% (195.217)** or even **50% (194.952)** could provide stronger buying opportunities before the next bullish leg. 2. **Support Zones**: There is solid support around **194.750** and **194.300**, which coincides with key Fibonacci levels and previous consolidation areas. These zones could act as strong demand areas, signaling potential entries for the next wave upward. 3. **MACD**: The MACD is showing weakening bullish momentum, which aligns with the anticipated pullback. If the momentum continues to weaken, it further strengthens the case for a short-term corrective move before continuing higher. 4. **Next Move**: I expect the price to dip towards the **50% (194.952)** or **61.8% (194.700)** Fibonacci level for a pullback, followed by a bullish reversal toward **196.054** and possibly beyond, depending on how the market reacts at these key zones. --- This analysis indicates a short-term correction before resuming the overall bullish trend. Monitoring how price interacts with the Fibonacci and support levels will be key for identifying strong entry points.
Long
by AEL_Education
1
GBPJPY "The Guppy" Bank Money Heist Plan on Bullish SideBonjour! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist GBPJPY "The Guppy" based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss 🛑 : Recent Swing Low using 2H timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
Long
by Thief_Trader
GBPJPY "The Guppy" Bank Money Heist Plan on Bullish SideHallo My Dear Robbers / Money Makers & Losers, 🤑💰 This is our master plan to Heist GBPJPY "The Guppy" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High Stop Loss 🛑: Recent Swing High using 2h timeframe Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂b
Long
by Thief_Trader
GBP/JPY H1 Chart Breakdown Elliott Wave Structure: The chart appears to be within an Elliott Wave pattern, specifically focusing on the 5th wave. Wave 5 is nearing completion and has projected targets around 196.139. The invalidation level for this wave is located at 196.671—if price moves beyond this, it will invalidate the current wave count. Break of Structure (BOS): A Break of Structure (BOS) is noted on the internal high. This indicates a shift in price momentum from bearish to bullish. After the bullish movement broke the structure, price retraced and created a correction phase. Fibonacci Retracement Levels: The retracement after the bullish push aligns with Fibonacci levels: 0.236 level at 195.517 0.382 level at 195.192 These levels are crucial as they indicate where the price could react, showing potential areas for entries if a bounce occurs. The equilibrium level (50% Fib) is located at 194.915, which often acts as a magnet for price in corrective phases. Order Blocks: A bullish order block sits below 195.192, signaling a key demand area. If the price retraces to this level, we can expect a possible bullish continuation from this discounted zone. Short-term Outlook: A retracement toward 195.192–194.915 is anticipated before a possible bullish continuation. Price should not break below 193.687, which is a key invalidation zone for the bullish scenario.
Long
by spacedevil
1
Buy GBPJPY above 196GBPJPY surged after upbeat UK retail sales. Currently, the pair is positioned above the short-term 34 EMA, as well as the 55 EMA (194.76 and 194.44) and the long-term 365 Hull MA (194.11) on the 4-hour chart. Near-term resistance is located at around 196, and a breakthrough here could signal bullish intraday sentiment. It could indicate a renewed uptrend from a low of 180.00. Further targets could include 197.37 (161.8% Fibonacci level), 198, and even 200. On the downside, immediate support lies at 194.70, and a dip below this level could push the pair down towards 194, 193.50, 192.88, or 192.50. It is good to buy above 196 with SL around 195 for TP of 198
Long
by FxWirePro