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GBPJPY trade ideas

GBPJPY downtrend continuation below 190.96The GBPJPY pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 190,96 which represents the current intraday swing high. In the short term, an oversold rally from current levels, followed by a bearish rejection at the 190.96 resistance, could lead to a downside move targeting support at 184.78 with further potential declines to 182.70 and 177.80 over a longer timeframe. On the other hand, a confirmed breakout above the 190.96 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 192.65 resistance, with a potential extension to 194.33 levels. Conclusion: Currently, the GBPJPY sentiment remains bearish, with the 190.96 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: From Oversold Bounce to Potential DowntrendFenzoFx—The GBP/JPY currency pair bounced from 184.42 due to RSI 14 being oversold. As of now, it trades near 187.7, having erased 1.0% of recent gains. The trend remains bearish with prices below the 50-period simple moving average and the 50.0% Fibonacci resistance level at 190.2. Support is at 187.0, and a drop below this could target 184.42. The Bullish Scenario However, if GBP/JPY surpasses 190.2, bullish momentum may extend to 192.0. Enter our Forex Analysis Contest to win a prize pool of $160.0 every week >>> FenzoFx Decentralized Forex Broker
Short
by FenzoFxBroker
2
GBPJPY Trading Opportunity! BUY! My dear friends, Please, find my technical outlook for GBPJPY below: The price is coiling around a solid key level - 188.12 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 190.71 Safe Stop Loss - 186.87 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
4
Short trade Trade Breakdown – Sell-Side (GBP/JPY) 📅 Date: Thursday, April 10, 2025 ⏰ Time: 5:45 AM (London Session AM) 📉 Pair: GBP/JPY 📉 Trade Direction: Short (Sell) Trade Parameters: Entry Price: 188.632 Take Profit (TP): 187.731 (-0.48%) Stop Loss (SL): 188.883 (+0.13%) Risk-Reward Ratio (RR): 3.59 Strategy PD Array, Supply Zone Rejection 🎯 Target Detail: 0.328 (PD Array) → Referencing a draw on the liquidity/displacement level within a Price Delivery Array.
Short
by davidjulien369
GBPJPY forms three drives pattern, good to buy on dips Pattern formed- Three drives pattern (Bullish) The GBP/JPY was one of the worst performers this week on board -based yen buying. It hit a low of 185.57 at the time of writing and is currently trading around 186.27. Intraday trend is bullish as long as support 185 holds. The GBP/JPY pair is trading below 34 and 55 EMA (Short-term) and 200 EMA (long-term on the 4-hour chart, confirming a bearish trend. Immediate resistance is at 186.75, a breach above this level targets of 187.15/187.88/189/189.50/190/191/191.75/192.30/193. Downside support is at 185.50 with additional levels a 183/180. Market Indicators CCI (50)- Bearish Directional movement index - Bearish Trading Strategy: Buy on dips It Is good to buy on dips around 186 with SL around 185 for a TP of 190.
Long
by FxWirePro
POTENTIAL LONGS ON GBP/JPYGBP/JPY 1D - Now price has traded into a large area of Demand I am expecting a reversal in this market, as we know this market is predominantly bullish anyway with the JPY being quite a weak currency compared to the GBP. I want to see price break structure to the upside more fractally, giving us the confluence to suggest that enough Demand has been introduced to see price trade higher, once we have that we can begin looking for longs. Following the prevailing trend we have majority traders on our back to help drive price higher. A break will give us the confluence needed so once we have that we just need to wait for price to pullback. Price pulling back gives us the means to get involved in this market with a refined entry. allowing us to have greater risk to reward returns on our trades.
Long
by Lukegforex