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GBPJPY trade ideas

GBPJPY Is Nearing Strong Resistance ZoneGBPJPY has been in a strong bullish phase, but five-wave bullish cycle within wave (5) up from 2022 swing lows can be completed after recent strong reversal down back below channel support lines. In fact, drop from the high is impulsive on a smaller time frame, so it’s wave A that stabilized near 178 support area as expected. As such, current rise is corrective, ideally B wave that can be still in progress as a bigger correction before a continuation lower for wave C. Ideal resistance is at that channel line, from the outside, around 198 – 200 area. GBPJPY is looking for a higher resistance within wave C of (B) in the 4-hour chart, as it can be now breaking out of subwave »iv« triangle into subwave »v« of C, so keep an eye on next strong 198 – 200 resistance zone, from where bears for a higher degree wave (C) may show up.
Short
by ew-forecast
GBPJPY Potential Up Trend ContinuationGBPJPY is forming a bullish trend, marked by higher highs and higher lows on the 1H timeframe. Recently, it broke and closed above the 195.600 resistance zone, a level that had been tested multiple times. Following this breakout, the market could surge toward the upper boundary of the channel. Given the choppy market behaviour since the beginning of October, this breakout could potentially be significant. The target is the resistance zone around 196.900
Long
by RTED_Investing
GBPJPY - Look for Continuation Long (SWING) 1:4!GBPJPY isn’t showing any signs of reversal yet, especially following the election of Japan’s new PM and the recent BOE decision to maintain interest rates. Technically, the price appears to be forming a symmetrical triangle, suggesting a potential breakout from the resistance trendline. If confirmed, this could propel the price to the next Supply Zone on the higher timeframe. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_
1
GBPJPY Will Collapse! SELL! My dear followers, This is my opinion on the GBPJPY next move: The asset is approaching an important pivot point 196.90 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 195.84 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
GBPJPY Possible Long Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - CSAK + Entry in MALO Note: * Cancel trade or cut-loss when candle close Below MAHI (2 Red Color Lines) in 4H * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
Long
by GreggiBond
GBPJPY: Bulls pushing to break 195.5—momentum rising!GBPJPY is steadily climbing towards the critical 195.5 level, carving out an ascending triangle pattern—a sign of consolidation before a potential breakout. This technical formation is often a precursor to a continuation of the upward trend, with bulls aiming to breach resistance and push the market even higher. The defense of key support at 193.5 has been robust, with buyers holding ground as GBPJPY inches toward testing 195.5. A significant factor driving this movement is the weakening JPY, spurred by shifts in Japan's economic fundamentals, which are boosting sales of the national currency. This, in turn, is providing a favorable tailwind for GBP. The UK economy remains stable with GDP growth at 0.2%, offering no surprises to market participants. However, eyes are now on the upcoming Producer Price Index (PPI) data, which could further impact the pair. If the PPI follows the pattern of recent economic reports, it's likely to support the USD, placing additional pressure on the JPY. In this scenario, GBPJPY could benefit from a surge in bullish momentum, potentially overcoming the 195.5 resistance level and sparking a continuation of the upward movement. **Support levels**: - 193.5 (key support zone, holding firm) - 191.7 - 190.0 **Resistance levels**: - 195.5 (the next major target for buyers) From a technical perspective, the current chart structure suggests that GBPJPY is positioned for further gains. The ascending triangle reflects the market's consolidation in preparation for a decisive move, with the broader fundamental backdrop favoring the bulls. The changing market dynamics, coupled with a supportive economic environment for GBP, have shifted the momentum towards buyers. All eyes are now on the impending breakout, which could act as the trigger for continued growth beyond the 195.5 barrier. In summary, the combination of weakening JPY fundamentals and GBP resilience is paving the way for a potential breakout. The market structure supports an upward continuation, and the bulls appear ready to capitalize on the opportunity to push past key resistance. The trigger for the next move lies in the ability to break through the 195.5 level, which could ignite further upside momentum and confirm the continuation of the broader bullish trend.
Long
by lonelyPlayer0
GBP/JPY Update – Potential Long OpportunityThe pair has found support around the 38.2% Fibonacci retracement level near 197.264, creating a potential opportunity for a reversal to the upside. Momentum is building for a push towards the 197.506 - 197.656 area, which corresponds to the 23.6% Fib and a key resistance zone. Watch for a breakout above 197.656 for a continuation of the bullish trend towards 198.012. 🔑 Key Levels: Support: 197.264 (38.2% Fib) Resistance: 197.506, 197.656, 198.012 This is a setup to keep an eye on as momentum shifts from the recent bearish leg. 📈
Long
by AEL_Education
GBPJPY Analysis Today: Technical and Order Flow Analysis In this video I will be sharing my GBPJPY analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
by Transparent_Fx_Analysis
1