GBP/JPY 2-Hour Chart - OANDA2-hour performance of the British Pound (GBP) against the Japanese Yen (JPY) from OANDA, covering the period from June 4 to July 3, 2025. The current exchange rate is 197.308, reflecting a slight decrease of 0.364 (-0.18%). The chart highlights a recent upward trend with a notable peak followed by a decline, with key price levels marked at 197.471, 197.308, and 196.024.
GBPJPY trade ideas
GBPJPY and USDJPY Analysis todayHello 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.
GBPJPYUnited Kingdom (GBP)
10-Year Gilt Yield:
4.50%–4.51% (June 19–20, 2025)
Bank of England Interest Rate:
As of June 19, 2025, the Bank of England (BoE) has held the official Bank Rate steady at 4.25%. This decision was made by a 6-3 majority vote of the Monetary Policy Committee (MPC) during its June meeting.
Key Points:
Current Interest Rate: 4.25% (held steady)
Inflation: UK annual inflation stood at 3.4% in May 2025, above the BoE’s 2% target but slightly easing from previous months.
Inflation Outlook: The BoE expects inflation to rise to about 3.7% in Q3 2025 before gradually declining next year.
Economic Growth: UK GDP growth remains weak, with some signs of a softening labor market and moderating wage growth.
Monetary Policy Stance: The BoE maintains a cautious, data-dependent approach, keeping rates restrictive to combat inflation but ready to adjust as economic conditions evolve.
Rate Cuts: Although the BoE held rates in June, markets and analysts widely expect the first rate cut to come in August 2025, with further cuts possible later in the year depending on inflation and growth data.
Geopolitical Risks: Rising tensions in the Middle East and uncertainties over global tariffs could add inflationary pressures, influencing future BoE decisions.
MPC adopted 4.25% (held steady at the June 2025 meeting)
Japan (JPY)
10-Year Japanese Government Bond Yield:
1.44%–1.45% (June 19–20, 2025)
Bank of Japan Interest Rate:
0.50% (unchanged as of May/June 2025)
Summary Table
Country 10Y Bond Yield Policy Interest Rate
United Kingdom 4.50%–4.51% 4.25%
Japan 1.44%–1.45% 0.50%
Interpretation for GBPJPY
The yield and interest rate differentials remain strongly in favor of the British pound. This supports GBPJPY on a fundamental basis, as higher UK yields and rates attract capital relative to Japan’s much lower rates.
The Bank of England is holding rates steady due to persistent inflation, while the Bank of Japan is also on hold but at a much lower level, reflecting Japan’s ongoing low inflation and growth outlook.
#GBPJPY
GBPJPY Will Go Lower! Short!
Here is our detailed technical review for GBPJPY.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 196.531.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 195.203 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GBPJPY SHORT (swing)This is a trade setup based on a **Bearish Butterfly Harmonic Pattern**. The pattern meets all the key Fibonacci criteria for validity. Specifically, the AB leg retraces 80.8% of XA, which is close to the ideal 78.6% level and is considered acceptable, especially since it closed with a wick. The BC leg retraces 37.5% of AB, which is within the standard range of 38.2% to 88.6%. The CD leg extends 127% of XA, which is the minimum required for a valid Butterfly pattern, and also extends 252% of BC, which falls within the acceptable range of 161.8% to 261.8%.
What makes this setup stronger is that the Potential Reversal Zone (PRZ) at point D coincides with a **major resistance level**, adding significant technical confluence to the area. This increases the probability of a market reaction or reversal from that zone.
However, no entry will be taken immediately upon price reaching the PRZ. A trade will only be initiated **after the appearance of a confirmed reversal candlestick pattern** at or near the D point, such as a bearish engulfing.
This ensures that we enter with confirmation and not just based on pattern completion.
GBPJPY| Midweek OutlookEven though it’s midweek, I wanted to share an update on GBPJPY and walk you through the process so far.
Price has been showing clear bullish structure from the 4H down to the 30M, so I remained patient and waited for price to revisit and mitigate a bullish order block — and that’s exactly what we got.
Now that mitigation has played out, I’m watching closely for LTF confirmations to line up. Ideally looking for entry opportunities around 196.006 – 195.922, depending on how the lower timeframes react and confirm.
Not rushing anything — just executing based on structure, mitigation, and confirmation. I’ll continue updating as price develops.
#GBPJPY #SMC #OrderBlock #SmartMoneyConcepts #PriceAction #ForexTrading #GJSetup #MidweekOutlook #InducementKing #DayTrader
Bless Trading!
GBPJPY Elliott Wave Outlook: Impulse Pattern Approaching EndThe short-term Elliott Wave analysis for GBPJPY indicates that the cycle initiated from the April 9, 2025 low has reached a mature stage. The upward movement is unfolding as a five-wave impulse structure, a hallmark of Elliott Wave theory, signaling a strong bullish trend. Wave 1 concluded at 189.82, followed by a corrective pullback in Wave 2, which found support at 185.98. The subsequent rally in Wave 3, as depicted on the 1-hour chart, peaked at 196.84. Wave 4 then unfolded as a zigzag corrective structure. Its internal subdivisions completing as follows: Wave ((a)) declined to 194.75, and wave ((b)) rebounded to 195.33. Wave ((c)) finalized at 196, marking the completion of Wave 4 in the higher degree.
Currently, GBPJPY has resumed its ascent in Wave 5. From the Wave 4 low, the rally has so far developed in three waves. Wave (i) reached 196.7, followed by a dip in Wave (ii) to 196.09. Wave (iii) extended higher to 198.19. A corrective pullback in Wave (iv) is anticipated to find support within the 196.2–196.8 range, likely in a three-wave structure. Afterwards, one final push higher in Wave (v) should happen to complete Wave ((i)) of 5 in the higher degree. Following this, a larger-degree correction in Wave ((ii)) is expected to retrace the cycle from the June 19, 2025 low. Pullback is likely unfolding in a 3, 7, or 11-swing pattern before the pair resumes its upward trajectory.
GBPJPY Keeps Recovering, But It’s Approaching ResistanceGBP/JPY is on the rise but is approaching the upper boundary of the 2024–2025 range, which could present strong resistance around the 200 level. Keep in mind that the decline from the 2024 highs to the July lows near 180 was impulsive, while the current rebound appears slow and corrective—possibly a wave B within a flat correction or even part of a triangle formation. In either case, we believe some further sideways price action is likely, followed by a potential downward turn from this prior subwave A resistance zone.
GBPJPY making bullish flag patternafter breaking daily resistance level the price is now retesting it if you open the chart on 1Hr tf you will see that price broke that resistance level with quite strong momentum and is retracing and if it gets a bounce from this level and break the flag pattern strongly then there are high chances that price will meet the price projection of flag pattern as there is no divergence and no other major sign of reversal it seems price action will be bullish
GBP-JPY Free Signal! Sell!
Hello,Tra ders!
GBP-JPY is retesting a
Horizontal resistance
Around 196.700 and
We will be expecting a
Bearish pullback so we
Can enter a short trade
With the Take Profit
Of 195.865 and the
Stop Loss of 196.887
Sell!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBP/JPY Faces Key Resistance LevelOver the last four trading sessions, the GBP/JPY pair has appreciated by nearly 1%, favoring the British pound against the yen. This move has been driven mainly by the strength of the British currency, which for now has allowed a consistent bullish bias to take hold in the short term.
At the moment, the pound has remained strong in part due to the neutral policy stance taken by the Bank of England, which maintained its rate at 5% in the latest decision, reflecting continued high inflation in the UK. In contrast, Japan's situation appears different: in its most recent meeting, the Bank of Japan kept interest rates close to 0% after observing signs of inflation slowing, maintaining its ultra-loose monetary policy, unlike other central banks. The contrast between low rates in Japan and higher rates in the UK has created a divergence in central bank policy, making pound-denominated assets more attractive—a dynamic that has continued to weigh on the yen’s recovery in the short term.
Additionally, it’s important to consider that the yen is viewed as a key safe-haven currency. However, this week, following the ceasefire in the Middle East conflict, market confidence has rebounded, reducing constant demand for safe-haven assets like the yen in recent sessions. If these factors persist, they could support a stronger buying pressure on GBP/JPY in the coming days.
Broad Lateral Range
Although there has been an attempt to establish a short-term uptrend, the broader view on the chart still shows a clear sideways range, and for now, the price must once again face the upper resistance zone of that range to confirm a potential breakout that would establish a stronger bullish bias. Until then, the lateral range remains the dominant structure, particularly while resistance holds firm at the upper boundary around 198.245—a level where some corrective pullbacks may begin to build.
RSI
The RSI indicator has started to show lower highs, while the price continues to print higher highs. This confirms the presence of a bearish divergence, which could open the door for possible downward corrections to emerge on the chart.
MACD
The MACD histogram is hovering close to the neutral zero line, indicating that the average strength of the moving averages is still in a zone of indecision, with no clear dominant momentum. If this situation continues, the current bullish bias may struggle to advance further.
Key Levels to Watch:
198.245 – Major resistance: This level marks the most important resistance on the chart, sitting at the top of the broader lateral range. Sustained bullish momentum above this level could trigger an aggressive buying bias, potentially extending the short-term uptrend.
196.406 – Nearby barrier: A short-term neutral zone, this level may act as a barrier to downward corrections if selling pressure increases.
193.592 – Critical support: This level aligns with the 50- and 200-period moving averages. If selling pressure brings the price back to this zone, it could negate the current bullish trend and give way to a broader sideways channel on the chart.
Written by Julian Pineda, CFA – Market Analyst
GBPJPY SHORT FORECAST Q2 W26 D26 Y25GJ SHORT FORECAST Q2 W26 D26 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 Identified
✅Daily Order block identified
✅4H Order Block identified
✅15' Order block identified
🔑 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
GJ-Fri-20/06/25 TDA-Will weekly candle close above WR 195.834?Analysis done directly on the chart
Follow for more, possible live trades update!
Feedback from you guys:
1) Is daily posting really helpful or better focus on
less posts?
2) Is there any way to improve more the quality
of posts?
Comment down below, really appreciate the responses!
Active in London session!
Not financial advice, DYOR.
Market Flow Strategy
Mister Y
GJ-Mon-23/06/25 TDA-Asian session push, waiting for pullbackAnalysis done directly on the chart
Follow for more, possible live trades update!
Asian session push, if this is not your trading time.
There's nothing you can do to catch good moves,
The best thing we can do now is to wait for healthy
pullback before continuation!
Active in London session!
Not financial advice, DYOR.
Market Flow Strategy
Mister Y
GJ-Wed-25/06/25 TDA-Bullish structure created, more upsidesAnalysis done directly on the chart
Follow for more, possible live trades update!
I often share my live trades in Tradingview public chat in London session, stay tuned!
Knowing when not to trade is as important as taking good trades.
Just like you can take good trades, good wins. Understanding when not
to trade, it can saves you from bad trades and avoidable losses.
Easy to say than done.
Active in London session!
Not financial advice, DYOR.
Market Flow Strategy
Mister Y
GBPJPY breakout confirmed: what comes next?GBPJPY just triggered an ascending triangle pattern with a 450-pip upside. We dive into the pattern, key levels to watch, and how to manage risk with a 4.8 risk-reward setup. Will it retest before heading higher? Let us know your view in the comments.
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GBPJPY: Pullback From Trend Line 🇬🇧🇯🇵
I think that GBPJPY may bounce from a rising trend line
that I spotted on a daily time frame.
As a confirmation, I spotted 2 intraday bullish breakouts:
a violation of a resistance line of a falling channel
and a breakout of a neckline of a cup & handle pattern.
Goal - 195.0
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I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.