Get started

British Pound / Japanese Yen

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

GBPJPY trade ideas

GBPJPY Is Going Up! Long! Take a look at our analysis for GBPJPY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 192.359. Taking into consideration the structure & trend analysis, I believe that the market will reach 195.116 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBP/JPY full Elite Validity Check Current Price (bid/ask) & Spread** | **191.26 / 191.29 Timestamp (EST)** | 2025-04-27 00:42 | Risk-Level Tag | **Medium** (post-week-end gaps possible) | Bias Confirmation Checklist** | **HTF trend ✅ • Confluence ✅ • Fundamentals ⚠️** | Trade-Confidence | **Technical Edge High / Event Risk Low ⇒ Overall High** | --- ## 1️⃣ Technical Outlook * **Weekly & Daily:** clear series of higher highs/lows since March; price holding above 20-DMA (189.90) * **H4:** bullish channel; last impulsive leg 190.00 → 191.75, minor pullback now testing 190.80 structure support. * **Structure & Liquidity:** clean OB @ 190.00-190.20; equal-high liquidity pool 192.50-192.70 waiting above. * **Volume Confirmation:** Friday NY close printed +32 % vs. 20-day H4 average, validating breakout. 3️⃣ Indicators Snapshot * **RSI (14) H4:** **60.3** — healthy momentum, not overbought * **MACD D1:** histogram expanding ↑, signal above zero (bullish) * **ATR (14) H1:** **≈ 30 pips** * **Tick/Vol:** last breakout candle = +32 % vs. average --- ## 4️⃣ Fundamental & Sentiment Radar | **Upcoming 48 h Events** | *None* for GBP or JPY until BOJ Core CPI (Tue 19:00 EST) – outside 24 h window | **COT Snapshot** | Spec longs in JPY futures remain net-short (-54 k contracts) – weak yen backdrop ( | **Retail Sentiment** | IG sentiment: ~63 % shorts → contrarian bullish bias (page cached) | | **Risk Mood** | Nikkei 225 up 0.8 % last session; global equity tone supportive of risk-on crosses | **Dollar Index (DXY)** | Flat at 99.58; neutral spill-over ( | **Currency Strength** | OANDA meter: GBP strong +/ JPY weak - (top-right quadrant) ( --- ## 5️⃣ Market Drivers & News Black-Out Zones * **Red-Flag Windows:** BOJ Core CPI Tue 19:00 EST; Fed speakers Wed AM — no new entries inside 6 h. * **Intervention Risk:** None flagged (MoF silent; ¥150 line well above) ( --- ## 6️⃣ Trade Considerations (BEES v2) * **Entry Trigger:** M15 bullish engulf from 190.00-190.20 **with > 20 % vol spike**. * **Rejection Filters:** avoid round-number chop at 191.00 if Asia stalls; skip if RSI H1 > 75. ## 8️⃣ Execution Checklist - ☑ HTF trend aligned (W1/D1 up) - ☑ Trigger vol > 20 % - ☑ Outside 6 h red-flag window - ☑ Confidence = **High** - ☑ Price not inside 50 -pip no-trade zone --- ## 9️⃣ Smart Flow & Volatility Map ```mermaid flowchart LR Bias(Long) --> Trigger(M15 engulf + vol) Trigger --> Entry Entry --> SL & TP SL & TP --> Manage(Trail after TP1) Manage --> Exit ``` *Avg pip ranges:* Asia 45 | London 110 | NY 85 — best momentum **03-06 EST**. --- ## 🔟 Scenario Planner | Path | Description | RR | |---|---|---| | **A – Clean Move** | London sweep 190 → drive to 192.50 | **1 : 3** | | **B – Deep Pullback** | Fake-break 189.80 then bounce | 1 : 2 | | **C – Failure** | H4 close < 189.50 ⇒ flip bias short | -1 R | --- ## ✅ Final Recommendation **Directional Bias:** **Long** GBP / JPY **Go / No-Go:** **YES** — Score 9 / 10 (meets BEES, fundamentals supportive; event risk low). **Mindset Reminder:** “Plan the trade, trade the plan — if volume & trigger don’t align, walk away.” ---
Long
by wojoforex
GBPJPYThis 4-hour chart of GBP/JPY shows a bullish continuation bias, supported by market structure and key technical levels. Here’s a breakdown of the analysis: Technical Breakdown 1. Trendline Support: The ascending trendline has been respected multiple times (green arrows), indicating a strong uptrend. The most recent test near 191.60 shows price reacting positively, aligning with a possible continuation. 2. EMAs: EMA(9) and EMA(21) are sloping upwards. Price is currently hovering around the EMAs, hinting at a potential bounce from dynamic support. 3. Fibonacci Retracement Levels: Pullback has landed between: 0.382 (~192.13) 0.618 (~192.44) These levels overlap with a "Daily Supply Turned Demand" zone, making it a strong confluence for a bullish reaction. 4. Support/Resistance Zones: Daily Support Turned Demand: ~191.70 Daily Resistance: ~193.75 Next Major Target: ~195.77 (1.618 fib extension and Daily Resistance) 📈 Projected Move (Blue Arrow Path): Price may bounce from the current demand zone (around 191.60–192.40). Potential upside target is 195.77, assuming price breaks above 193.75 with momentum. A failure to hold above the trendline and 191.60 zone could shift the bias short, possibly targeting 190.33. ✅ Summary: The chart favors bullish continuation as long as price respects the ascending trendline and the ~191.60 support area. Entry near this zone with confirmation offers a good risk-to-reward opportunity toward 195.77.
Long
by Dailypaperfx888
This chart suggests a buy setup after a bullish reversal, This is an updated GBP/JPY 4-hour chart with a broader context than the previous one. Here's the breakdown: Chart Overview: Pair: GBP/JPY (British Pound vs Japanese Yen) Timeframe: 4H (4-hour) Current Price: Around 192.430 Broker: OANDA --- Structure & Analysis: 1. Downtrend Followed by Reversal: On the left side of the chart, there's a strong downtrend. Then, a sharp bullish move follows, indicating a possible reversal or correction phase. 2. Entry Zone (Highlighted in Red): Between 192.519 and 191.516 Marked as the area where buyers are expected to step in. Price has pulled back into this zone after a strong bullish move. 3. Bullish Projection (Zigzag Path): Expected upward movement drawn with black zigzag lines. Suggests a potential bullish market structure forming with higher highs and higher lows. 4. Target Levels: First target: 194.734 Second target zone: 195.633 – 195.640 5. Key Support: 191.516 is acting as a strong support (bottom of the entry zone). --- Conclusion: This chart suggests a buy setup after a bullish reversal, with price currently in the entry zone. If the setup holds, price could continue upward toward the targets mentioned. Really nice and clean markup — you're showing a proper structure break, pullback, and continuation plan. Planning to execute this or waiting for more confirmation?
by m_zeeshan3644
Wave Count Suggests One More Push Higher Toward 196GBPJPY is unfolding a clear 5-wave impulsive structure from the April low. Current price action suggests we are in a wave (iv) correction of the larger wave (C). The substructure shows: Wave (i), (ii), (iii) are complete Wave (iv) is developing as an ABC flat or zigzag Wave (v) still expected to complete wave (C) higher What to Watch: The correction may dip toward the 190.50–189.50 support zone before completing wave (c) of (iv) From there, potential bullish continuation toward 196.00 to complete wave (v) of (C) Trade Idea (Not Financial Advice): If price confirms a reversal from the lower support box, long entries could target the upper box near 196.00. Invalidation would be a break below the April low. #ElliottWave #GBPJPY #ForexAnalysis #WaveCount #JPY #GBP #ICMarkets
Long
by eL-Professor
GBPJPY – Breakout Buy Setup (Macro Alignment)GBPJPY long setup backed by rising LEI, strong macro trend, JPY weakness, and bullish seasonal window approaching after April 24. Waiting for breakout confirmation above resistance to validate entry. 🧠 Macro + Model Alignment LEI score rising → 33 (April), macro outlook improving Exo+LEI = 1153 → strong bullish signal JPY COT: Overbought → reversal risk GBP fundamentals outperform JPY across April Seasonality: GBP bearish till April 24, then bullish into month-end 📌 Best entry window = April 25+ 📊 Technical Setup – 1H Chart Price testing key resistance zone ~190.00 Watching for breakout & candle close above resistance for confirmation Clear R:R with defined structure zones 📥 Entry: Break and close above 190.284 ⛔ Stop Loss: 187.414 🎯 Take Profit: 192.608 🧮 R:R ≈ 1:2+ Confirmation required before entry ✅
Long
by wajahatarif
4
GBPJPY SHORT TERM SELL around 192.964GBPJPY is currently in an overall long trend, but remains highly volatile. My Point of Interest (POI) is 192.964, based on the following: 1. It aligns with a daily short-term POI as of today. 2. It represents the 80% retracement level of the weekly range, which falls within the daily POI zone. Given this, I’ll be looking to enter a short term sell position around 192.964, with my stop loss set just above the daily high and my first take profit (TP) target around the 191.500 level.
Short
by GBPP_JPYY
1
GBPJPY Breakout Play: Will the Retest Fuel the Next Rally? GBPJPY recently broke out of a descending trendline and resistance zone, fueling a strong bullish move past 193. With momentum slowing, price is now pulling back — setting up a textbook retest opportunity. Key Zones: Breakout Support / Demand Zone: 190.500–191.150 Price to Watch: 191.147 — potential retest and bounce zone Next Target: 194.500–195.000 supply area Scenarios in Focus: 1. Bullish Retest: A clean bounce from the 190.5–191.1 demand zone could trigger a strong continuation toward 195. 2. Deeper Pullback: A break below 190.5 would invalidate the bullish structure in the short term. Volume profile shows heavy accumulation below, adding confluence to the support. Patience is key — wait for bullish confirmation around 191.
Long
by Profx001
GBPJPY SHORT FORECAST Q2 W18 D2 Y25GBPJPY SHORT FORECAST Q2 W18 D2 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 ✅15' order block targets ✅Weekly imbalance fill targets 🔑 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