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GBPJPY trade ideas

“GBPJPY Surges 200+ Pips After Breakout – More Gains Coming?”GBPJPY Hits +200 Pips After Classic Breakout – More Upside Ahead? Description: In a recent analysis shared here, GBPJPY followed through perfectly after breaking out of a bullish triangle pattern. The pair surged over +200 pips, breaching the key resistance zone around 191.00 and now trading near 193.20. This breakout aligns with strong bullish momentum on the daily chart. While a minor pullback may occur, the next potential upside targets are 195.00, followed by the major 200.00 psychological level, where historical resistance lies. As long as price holds above the 190.00 support zone, the bullish scenario remains valid. Traders may watch for intraday corrections to rejoin the uptrend. Follow for more updates and trade setups across major FX pairs.
Long
by Aser_Hosary
3
GBPJPY INTRADAY rising wedge capped at 192.87The 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
GBPJPY 4h Long Setup Clear bullish structure with clean higher highs and higher lows intact Price formed a bull flag after a strong impulse leg showing continuation potential Breakout of the flag confirms momentum with aggressive bullish candle and volume Entry : 192.459 SL : 188.167 TP : Trail 195.898 RR 1 : 3.1 Market is flowing with bullish pressure and breakout indicates wave extension No counter structure in sight, trend continuation expected Let the market breathe and move
Long
by wolfchemist
GBP/JPY Eyeing 19.200 After Bullish Pennant FormationGBP/JPY 30-Minute Chart Analysis Pattern: Bullish Pennant Target: 192.200 Market Structure: The chart illustrates a classic bullish pennant: A strong bullish impulse (flagpole) led price sharply from around 189.400 to 191.400. This was followed by a tight consolidation phase, forming a pennant with converging trendlines. The consolidation shows a battle between buyers and sellers, but within a bullish context, it's a sign of potential continuation. Technical Outlook: The price recently bounced off the pennant's lower trendline, showing buyers defending support. A breakout above the pennant resistance near 191.400 would confirm bullish continuation. The consolidation is occurring near recent highs, indicating bulls are in control and preparing for the next leg up. Projection & Target: Flag pole height: Approximately 200 pips. Breakout projection: From 191.400 breakout zone, add 200 pips. Target: 192.200 Trade Plan: Entry: After a confirmed breakout above 191.400 (preferably with volume or a strong candle close). Stop-Loss: Below recent swing low or pennant support (190.800). Take-Profit: 192.200
Long
by Trend_logic
Golden Pattern Alert! Inverse Head & Shoulders Spotted on GBP/JPHi traders! Analyzing GBP/JPY on the 1H timeframe, price is showing signs of a potential bullish reversal with the formation of an Inverse Head and Shoulders pattern: 🔹 Entry: 189.25 🔹 Take Profit (TP): 190.85 🔹 Stop Loss (SL): 188.25 After a strong downtrend, price formed an inverse H&S pattern with the right shoulder completing near the ascending trendline support. A breakout above the neckline around the 189.20 level confirms bullish intent, with momentum supported by a close above both the neckline and the 200 EMA. RSI is also turning up, showing strengthening bullish momentum. The breakout candle is clean, with volume picking up slightly adding confidence to the setup. If the pattern plays out fully, the projected target aligns with the upper boundary of the ascending channel around 190.85, which also acts as a confluence zone from previous structure. ⚠️ DISCLAIMER: This is not financial advice. Every trader is responsible for managing their own risk and strategy.
Long
by FXOnTop
GBPJPY | Trendline Breakout & Retest Zones Identified (4H Chart)GBPJPY broke out of a well-respected upward trendline, followed by a retest of previous support levels now acting as resistance. • Breakout Confirmation: Sharp drop after trendline violation. • Key Zones Marked: • Support #1 flipped to resistance. • Previous Low acting as resistance. • Multiple support zones at 188.60, 186.78, and 185.88. This setup could present short opportunities if price rejects from resistance, targeting the lower support levels. A break above resistance may invalidate the bearish setup. Watching price action around these levels for confirmation.
by PIPANALYTICA
3
gbpjpy shrinking to short next week GBP/JPY SHORT SETUP – Swing Target: 188.200 Pair: GBP/JPY Timeframe: 4H Entry: 190.596 TP: 188.200 SL: 190.950 (above recent resistance) Risk–Reward: ~6.5R (239.6 pips reward / 35.4 pips risk) 📊 Technical Summary: Bearish MACD crossover – downside momentum building QQE Mod histogram shows rising bearish pressure RSI weakening under 50 – favors sellers Price rejected EMA 100/200 zone – acting as dynamic resistance Candle structure: Lower high formed, weakness at 191.3 High-volume resistance around 191.0 – strong sell wall Previous support zone near 188.20 – realistic swing target 🎯 Probability of TP Hit (188.200): ✅ Conservative estimate: 55–60% Higher probability if price closes below 190.30 on strong volume. 🧠 Idea: Expecting a swing move down as bullish momentum fades and structure shifts lower. Disclaimer: Not financial advice. Manage risk responsibly and adapt to price action.
Short
by abdulghani266
GBPJPY is consolidating within a downtrendGiven that Russia has caused for a ceasefire for the next 3 days, we may see some fluctuations happening for the safe haven currency, JPY. However, because it's only for the next 3 days and not for an extended period of time, people might be hesitant to pullout from the japanese yen. Thus, as the war continues, I believe JPY would continue to strengthen and cause GBPJPY to go down. Please do not risk more than 1% per trade。 If you like the idea, please help like the post and comment down your thoughts below! I would love to hear your thoughts!
Short
by MidasEdge