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British Pound / Japanese Yen

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GBPJPY trade ideas

GBPJPY Analysis Today: Technical and Order Flow Analysis In this video I will be sharing my GBPJPY analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
by Transparent_Fx_Analysis
1
GBPJPY Sell play? GBPJPY Sell zone. SL invalid area line. Good Luck **Forex Analysis Disclaimer** This analysis is intended for informational purposes only and should not be considered investment advice. I utilize technical analysis as the basis for decision-making and do not focus on fundamental analysis. Forex trading involves high risk and can result in losses. It is advisable to conduct your own research and consult with a financial advisor before making any trades. I am not responsible for any losses that may arise from the use of this information.
Short
by Forex_Int
GBP/JPY Eyes Bullish Rebound from Key 50% Fibonacci LevelThe GBP/JPY currency pair has attracted buyers around the 50% Fibonacci retracement level, close to the 189.00 mark. This key technical level offers a potential launching point for a bullish impulse that could see the pair retesting the 198.00 area, which aligns with a prominent supply zone. Traders are eyeing this level for a possible breakout as market conditions increasingly favor the British Pound (GBP) over the Japanese Yen (JPY). The Japanese Yen has been under pressure following comments from Japan's incoming Prime Minister, Shigeru Ishiba, who emphasized that the Bank of Japan’s (BoJ) monetary policy must remain accommodative to support the country’s fragile economic recovery. Ishiba’s stance highlights the ongoing need for stimulus in Japan, which contrasts sharply with the more hawkish outlook from other central banks globally. This dovish tone from Japan’s leadership has further weakened the Yen, making it more attractive for buyers of GBP/JPY. In addition to the incoming PM’s remarks, political developments in Japan also play a role in the JPY’s softness. Ishiba has announced plans for a general election scheduled for October 27, creating a sense of political uncertainty that could continue to weigh on the Yen in the near term. Coupled with mixed Japanese economic data, these factors contribute to the ongoing depreciation of the Yen, allowing the British Pound to gain further traction. From a technical standpoint, the GBP/JPY pair’s rebound from the 50% Fibonacci retracement level around 189.00 signals potential bullish momentum, supported by weakening fundamentals in Japan. If the bullish sentiment continues, the pair could target the 198.00 supply zone in the coming sessions. However, traders should remain cautious, as any shifts in Japan's economic or political landscape could introduce volatility into the pair. In conclusion, GBP/JPY appears poised for a potential bullish run, driven by technical support and favorable fundamental developments. The weakening Japanese Yen, alongside continued political uncertainty, offers a supportive backdrop for the Pound’s strength, setting the stage for a possible retest of the 198.00 supply zone. Traders should monitor key developments in Japan as well as global market sentiment for further cues. ✅ Please share your thoughts about GBP/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
GBP/JPY Consolidation Tightens: Bulls Eyeing a Break Above 195.7After a strong correction and finding a bottom at 180 in early August, OANDA:GBPJPY began to recover, initially rising to the 193 zone. Another leg down followed, but this time, bulls regained control at the 183.90 level, forming a higher low supported by a double bottom pattern. The next upward move stalled at the 195 resistance, and the pair has since entered a consolidation phase. However, the recent consolidation range is tightening, and it appears that the price is gearing up for an upward breakout. I am slightly bullish on this pair, and a break with a daily close above the 195.70 resistance level would confirm this outlook, potentially leading to further gains toward the key 200 zone. In the short term, interim resistance around 198 could also serve as a target for bullish traders.
Long
by Mihai_Iacob
4
GBPJPY Is Going Up! Buy! Take a look at our analysis for GBPJPY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 197.654. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 203.292 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Lingrid | GBPJPY range BREAKOUT. Long from SUPPORT zoneThe price perfectly fulfilled my last idea. It reached target level. Overall, FX:GBPJPY is forming a bullish trend, characterized by higher highs and higher lows on the 1H timeframe. Recently, it broke and closed above the resistance zone around 195.600, a level that had been tested multiple times. Following this breakout, I anticipate that the market may surge upwards toward the upper boundary of the channel. It's important to note that the market has been choppy since the beginning of October, suggesting that the breakout could be substantial. My goal is resistance zone around 196.900 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
5
Is GJ Setting up for the long?Hi All! GJ has definitely created some patience over these past few weeks! Trading in a slow upward movement, and staying below 195.500. Finally, GJ broke through, and is now trying to stay bullish. If it can hold momentum, I believe it can make it to the next Sell Stop area around 198.000-199.000. I'd like to see it close above 196.500, Bullish candles, and a retest for confirmation. Potential Entry: 196.500 SL: Below 196.000 (Give room) About 1:3RR Depending on SL *DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
Long
by thattradergirl
2
GBP/JPY Eyes a Long Setup After Retesting 180.000 Demand AreaThe GBP/JPY currency pair has recently revisited the critical 180.000 level, which has proven to be a significant demand zone. This area has effectively absorbed the selling pressure, leading to a notable price rebound. The interaction at this level suggests that the market is recognizing this zone as a strong support, and the downtrend that previously dominated may be losing steam. The price action at 180.000 has halted the bearish momentum, indicating that the pair might be gearing up for a reversal. As selling pressure diminishes, buyers appear to be stepping in, which could set the stage for a new bullish phase. Given the strength of the rebound, we are closely monitoring this area for a long setup, aiming for a return to the 200.000 level. This potential bullish move is supported by the significant bounce from the demand zone, suggesting that the GBP/JPY pair may have found a solid foundation to recover from. The long setup we’re considering at this point is focused on capitalizing on the anticipated upward trajectory, as the pair stabilizes and positions itself for a climb back to previous highs around the 200.000 mark. This area could be the launchpad for a sustained recovery, offering an attractive opportunity for traders looking to ride the bullish reversal. ✅ Please share your thoughts about GBP/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
9
GBP/JPY 15-Min Quick Buy OpportunityWe are observing a potential quick buy setup on GBP/JPY. Price has just bounced off the 61.8% Fibonacci retracement level near 195.321, which aligns with strong support. There is potential for a bullish move towards the 195.750 - 195.800 area, corresponding with the 38.2% and 50% Fibonacci retracement of the last bearish move. Keep an eye on a possible reversal here, as momentum is showing signs of recovery. 🔑 Key Levels to Watch: Support: 195.321 (61.8% Fib) Resistance: 195.750 - 195.800 Stay alert for a quick scalp opportunity in this zone! 📈
Long
by AEL_Education
Market is Holding above the Resistance , All Eyes on BuyingHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000