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GBPJPY trade ideas

GBPJPY - Bearish Control, Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉As per our last GBPJPY analysis (attached on the chart), it rejected the upper red trendline and traded lower. What's next? GBPJPY is currently retesting the upper bound of the falling red channel again. Moreover, the green zone is a strong structure and resistance. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of structure and upper red trendline acting as a non-horizontal resistance. 📚 As per my trading style: As #GBPJPY is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TheSignalyst
9
GBPJPY Rejected at Resistance - Bearish Move Ahead?GBPJPY Rejected at Resistance - Bearish Move Ahead? On the 4-hour chart, GBPJPY tested a strong resistance zone near 196.40, and sellers quickly stepped in. Over the last 12 hours, the price has moved consistently downward, confirming selling pressure in this area. The formation of three consecutive red candles on the 4-hour timeframe adds value to the bearish outlook. GBPJPY could decline to 194.20, and possibly even further to 192.40. ⚠️PS: This trade carries high risk due to the uncertain stance of the Bank of Japan (BOJ) policies. 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.
Short
by KlejdiCuni
9
GBPJPY Wave Analysis – 29 May 2025 - GBPJPY reversed from the key resistance level 196.00 - Likely to fall to support level 193.00 GBPJPY currency pair recently reversed down from the key resistance level 196.00 (which has been reversing the price from March) intersecting with the upper daily Bollinger Band. The downward reversal from this resistance level 196.00 created the daily Japanese candlesticks reversal pattern Shooting Star. Given the strength of the resistance level 196.00 and the bearish divergence on the daily Stochastic, GBPJPY currency pair can be expected to fall to the next support level 193.00.
Short
by FxProGlobal
GBPJPY INTRADAY capped at 196.50The GBP/JPY currency pair continues to display a bearish outlook, in line with the prevailing downward trend. Recent price action suggests a corrective pullback, potentially setting up for another move lower if resistance holds. Key Level: 196.50 This zone, previously a consolidation area, now acts as a significant resistance level. Bearish Scenario (rejection at 196.50): A failed test and rejection at 196.50 would likely resume the bearish momentum. Downside targets include: 194.20 – Initial support 193.00 – Intermediate support 191.90 – Longer-term support level Bullish Scenario (breakout above 196.50): A confirmed breakout and daily close above 196.50 would invalidate the bearish setup. In that case, potential upside resistance levels are: 197.50 – First resistance 198.30 – Further upside target Conclusion GBP/JPY remains under bearish pressure, with the 196.50 level acting as a key inflection point. As long as price remains below this level, the bias favors further downside toward the 194.20–191.90 region. However, a sustained break above 196.50 would shift sentiment bullish, targeting 197.50 and beyond. Traders should watch for price confirmation around 196.50 to assess the next move. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBP/JPY Elliott Wave Count Warns of Impending Sell-OffThe GBP/JPY pair has just completed a 5-wave downtrend, which ended around early April. Since then, the price has been moving higher in what appears to be a typical A-B-C corrective pattern — a common move that occurs after a major downtrend in Elliott Wave Theory. We are currently in the final wave (C) of this correction, and within that, it appears that Wave 5 of C is now unfolding. This final wave appears to be nearing its end, and the price is approaching a strong resistance area between 196.813 and 197.513. T1: 193.735 T2: 192.133 SL: 198.252 ❌ Invalidation Level: If the price closes above 198.252, this Elliott Wave count is likely wrong. That could mean the market is preparing for a bigger rally instead.
by Money_Dictators
GBP/JPY 4H Chart Analysis – Bullish Channel Setup📈 Trend: Price is moving in an ascending channel 🔵 Support line below 🔴 Resistance line above --- Key Zones & Levels: 📍 Demand Zone (Buy Area): Between 191.753 – 194.016 Price might bounce here before continuing up 🔵 Likely pullback expected here 🎯 Target Point: 202.500 🚀 If price respects the demand zone, this is the upside target 🟢 Entry Point: Around 193.964 – 194.016 Optimal buying zone before the projected rise ❌ Stop Loss: Below 191.700 🛑 Placed to minimize losses if price breaks down --- Indicators: 📉 EMA (70): Currently at 192.816 ✅ Acting as dynamic support --- Trade Plan Summary: 🔄 Wait for a retracement into the Demand Zone 🛒 Enter long near 193.964 ⛔ Stop loss at 191.700 🎯 Target at 202.500
Long
by Jameshead007
31