Price ready to break up and out of the year W Pattern to 205.66GBP/JPY seems to be one of the favourite Forex pairs when it comes to breakouts in 2025.
It's taken 5 MONTHS for a breakout, which we have only gotten as of TODAY.
THere are a number of reasons for the upside and the upside to come including:
📉 Reduced Safe-Haven Demand for Yen
Improved U.S.-China trade relations have lessened global economic uncertainties, diminishing the appeal of the Japanese Yen as a safe-haven asset.
🔄 Widening UK-Japan Yield Differential
The divergence in monetary policies, with the UK maintaining higher interest rates compared to Japan's accommodative stance, has increased the yield differential, attracting investors to the Pound.
And let's look at the technicals which are LEADING the analysis.
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.
GBPJPY trade ideas
GBPJPY Sell Setup- Go for sell when setup given
- Refine entry with smaller SL for better RR
- keep looking for sell even if price goes one more up
- in any case GJ has to come down
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"I Found the Code. I Trust the Algo. Believe Me, That’s Everything."
GBPJPY Sell Setup – Closing the Weekend Gap
The market opened with a clear gap and price has now pulled back into a premium zone. I’m shorting here with a 1:2 risk-reward targeting the gap fill below. If momentum holds, we should see price drive back toward the 193.10 region.
📉 Risk: 1%
🎯 Reward: 2%
🔍 Timeframe: 15m
Let’s see how she plays out 👀
GBPJPY 230 pip up?GBPJPY Multiple timeframe analysis and possible trade setup :
Monthly : Sharp rejection from a long term monthly support after a false breakout
Weekly : Previous week candle close with bullish pin bar and possible bounce back to the monthly high
Daily : There was daily support false breakdown @190 level then return back up with strong momentum
4H : Possible trade setup, bullish on slight pullback to the downside, possible target @195.60
If you enjoy this analysis like and any questions do not hesitate to ask in the comments
GBPJPY TREND
📈 GBPJPY – Bullish Breakout | Long Setup Active 🇬🇧💴
GBP/JPY is showing a clear bullish structure on the 1H chart. Price has broken above a key resistance zone and reclaimed the 200 EMA with strong momentum and volume. This marks a potential trend reversal and the beginning of an uptrend.
🔹 Entry: 193.400
🔹 Stop Loss: 192.935 (below recent support)
🔹 Take Profit: 195.720
🔹 Risk/Reward: Solid R:R setup
🔹 Confirmation: EMA flip + bullish engulfing candle + strong volume
Looking for a minor pullback to the breakout zone for continuation. Bullish bias remains valid as long as price stays above 193.000.
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GBPJPY and USDJPY Bullish bounce?Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
A POSSIBLE BUY SET UP ON GBPJPYGBPJPY is trading inside bullish pennant, the possibility of price breaking the pennant is high because the previous daily candle closed bullish but only if fundamental events didn't interfere. If 195.000 resistance eventually break, then price might push up to 200.000 resistance before making a retest for the bullish continuation.
A POSSIBLE BULL SET ON GBPJPYGBPJPY is trading inside bullish pennant , the possibility of price breaking the pennant is high because the previous daily candle closed bullish but only if fundamental events didn't interfere . If 195.000 resistance eventually break, then price might push up to 200.000 resistance before making a retest for the bullish continuation.
GBPJPY - Correction Likely as New Week BeginsThe GBP/JPY chart shows a strong recovery from April lows near 185.00, but the pair now appears to be facing significant resistance at the highlighted box level around 193.50. After multiple attempts to break decisively above this zone in recent sessions, the price action is forming what looks like a short-term double top pattern, with the downward arrow indicating potential bearish momentum. This technical setup, combined with overbought conditions after the impressive rally from late April, suggests we may see some profit-taking and a corrective pullback in the beginning of the week. Traders should watch for a potential retracement toward the support level around 191.00-190.50 before the pair potentially attempts another run at the resistance zone.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
#GBPJPY | +300 Pips In — Eyes on 194 Breakout"GBPJPY continues to respect a strong bullish structure, bouncing cleanly from the 190.200 demand zone with over +300 pips in upside movement.
The pair is now consolidating below the 194.00 resistance — a key level to watch for a potential breakout that could trigger the next leg toward 197.00 and 200.00.
This setup aligns with higher-timeframe bullish momentum, ascending trendline structure, and strong support zones.
Ideal for swing traders looking for mid-term opportunities with defined risk and reward.
Follow for clean, structured setups focused on momentum and price action.