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British Pound / Japanese Yen

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GBPJPY trade ideas

GBPJPY Bearish continuation developingThe GBPJPY pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 192,87 which represents the current intraday swing high. In the short term, an oversold rally from current levels, followed by a bearish rejection at the 192.87 resistance, could lead to a downside move targeting support at 190.15 with further potential declines to 188.70 and 187.50 over a longer timeframe. On the other hand, a confirmed breakout above the 192.87 resistance level and a daily close above that mark would invalidate the bearish outlook. This scenario could pave the way for a continuation of the rally, aiming to retest the 193.65 resistance, with a potential extension to 194.40 levels. Conclusion: Currently, the GBPJPY sentiment remains bearish, with the 192.87 level acting as a pivotal resistance. Traders should watch for either a bearish rejection at this level or a breakout and daily close above it to determine the next directional move. Caution is advised until the price action confirms a clear break or rejection. 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
UPDATE ON GBP/JPY ANALYSISGBP/JPY 1D - To those of you who watch my Sunday Sessions videos, you will know that I was looking to take this market long from the larger zone I have marked out above. Price has traded perfectly into this and delivered us with the structure we want. This gave everyone watching the opportunity to profit in some long positions, you will also see I have another zone marked out for you all. I want to see price pullback, trading into this before taking this market higher. So for those of you who missed this original opportunity there is another one presenting itself, its just a case of waiting now for price to trade in, deliver us with entry confirmation and we can look to take part. As soon as I have further updates on this pair I will be sure to let you know, this trade setup here will provide us with some amazing returns, we just need to sit and wait patiently for price to deliver.
Long
by Lukegforex
GBPJPY BULLISH OR BEARISH DETAILED ANALYSISGBPJPY is currently trading near 192.100 and has successfully broken out of a falling wedge pattern on the 12-hour chart. This classic bullish reversal structure indicates that buyers have regained control, with momentum building for a potential move toward the 197.400 target area. The breakout candle is strong and well-formed, confirming upside interest after a period of consolidation and price compression. Fundamentally, the Japanese yen remains under pressure due to the Bank of Japan’s continued ultra-loose monetary policy, while the pound is gaining support ahead of this week's Bank of England rate decision. Traders are pricing in cautious optimism from the BOE as inflation persists, which adds strength to GBP. The divergence in policy stance between the BOE and BOJ creates a favorable environment for GBPJPY bulls. Technically, the falling wedge breakout is happening in line with higher lows and sustained buying volume. The 190.000 region served as a strong support base, and the breakout above wedge resistance around 191.800 now turns that area into support. The next key resistance sits at 195.000, with potential extension toward the psychological zone of 197.400. This setup aligns with a trend continuation following the recent impulsive wave, and the risk-reward profile remains attractive for swing buyers. As long as GBPJPY holds above 190.800, the upside thesis remains valid. Keep an eye on UK rate sentiment and BOJ updates to support this technical play.
Long
by AndrewsMarket-Mastery
4
GBPJPY hit Take Profit in just 3 minutes!Hey traders — my trades are usually like sniper shots: fast, accurate, and to the point. Most of the time, they reach their target within 15–20 minutes at most. And there's a reason for that: I always stick to my trade plan, and my setups usually have a Risk-to-Reward Ratio of 1:1.50 to 1:2. With over 8 years of forex experience, I’ve developed a strong sense of where sniper entries are likely to occur. Plus, I’m a volume-based trader — and if you can read volume, you can often figure out exactly where the money is headed. 😉
by Nurlan_PT
GBPJPYHello traders! Our first trade of the day is on GBPJPY. Yesterday’s U.S. interest rate decision and the subsequent statements by Fed officials caused significant volatility in the markets. That volatility is still ongoing — but for us, that’s not a negative. In fact, it presents an opportunity. I've opened a buy trade on GBPJPY: 🔍 Criteria: ✔️ Timeframe: 15M ✔️ Risk-to-Reward Ratio: 1:1.50 ✔️ Trade Direction: Buy ✔️ Entry Price: 191.558 ✔️ Take Profit: 191.757 ✔️ Stop Loss: 191.426 🔔 Disclaimer: This is not financial advice. It's a trade I’m taking based on my own system, shared purely for educational purposes. 📌 If you're also interested in systematic and data-driven trading strategies: 💡 Don’t forget to follow the page and subscribe to stay updated on future analyses.
Long
by Nurlan_PT
GBPJPY SHORT FORECAST Q2 W19 D8 Y25GBPJPY SHORT FORECAST Q2 W19 D8 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block rejection ✅Daily order block rejection ✅Intraday 15' order blocks ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
1
GBPJPYThere’s a buy opportunity on GBPJPY. This trade setup has three different target levels: 191.467 / 191.759 / 192.181. You can choose any of these levels as your Take Profit based on your own trading style. I personally entered the trade at two different price points: 191.020 and 191.139. Note that the TP and SL levels for these two entries differ. You can also consider taking this trade and customize your TP/SL levels using the numbers provided. 🔍 Criteria: ✔️ Timeframe: 15M ✔️ Risk-to-Reward Ratio: 1:2 / 1:3.81 / 1:7 ✔️ Trade Direction: Buy ✔️ Entry Price: 191.139 ✔️ Take Profit: 191.467 ✔️ Stop Loss: 190.976 🔔 Disclaimer: This is not financial advice. It's a trade I’m taking based on my own system, shared purely for educational purposes. 📌 If you're also interested in systematic and data-driven trading strategies: 💡 Don’t forget to follow the page and subscribe to stay updated on future analyses.
Long
by Nurlan_PT