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British Pound / Japanese Yen

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GBPJPY trade ideas

GBP/JPY Analysis: Cycle Completed and Expecting PullbackLooking at the 1-hour chart, GBP/JPY has completed a bullish cycle, reaching the key resistance at **196.054**, as indicated by the blue zone. The pair appears to be facing resistance, and I’m now expecting a pullback. 1. **Fibonacci Levels**: The pullback could target critical Fibonacci levels for a potential bounce. The **23.6% (195.537)** retracement level has already seen some action. However, deeper retracements toward **38.2% (195.217)** or even **50% (194.952)** could provide stronger buying opportunities before the next bullish leg. 2. **Support Zones**: There is solid support around **194.750** and **194.300**, which coincides with key Fibonacci levels and previous consolidation areas. These zones could act as strong demand areas, signaling potential entries for the next wave upward. 3. **MACD**: The MACD is showing weakening bullish momentum, which aligns with the anticipated pullback. If the momentum continues to weaken, it further strengthens the case for a short-term corrective move before continuing higher. 4. **Next Move**: I expect the price to dip towards the **50% (194.952)** or **61.8% (194.700)** Fibonacci level for a pullback, followed by a bullish reversal toward **196.054** and possibly beyond, depending on how the market reacts at these key zones. --- This analysis indicates a short-term correction before resuming the overall bullish trend. Monitoring how price interacts with the Fibonacci and support levels will be key for identifying strong entry points.
Long
by AEL_Education
1
GBPJPY "The Guppy" Bank Money Heist Plan on Bullish SideBonjour! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist GBPJPY "The Guppy" based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss 🛑 : Recent Swing Low using 2H timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
Long
by Thief_Trader
GBPJPY "The Guppy" Bank Money Heist Plan on Bullish SideHallo My Dear Robbers / Money Makers & Losers, 🤑💰 This is our master plan to Heist GBPJPY "The Guppy" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High Stop Loss 🛑: Recent Swing High using 2h timeframe Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂b
Long
by Thief_Trader
Buy GBPJPY above 196GBPJPY surged after upbeat UK retail sales. Currently, the pair is positioned above the short-term 34 EMA, as well as the 55 EMA (194.76 and 194.44) and the long-term 365 Hull MA (194.11) on the 4-hour chart. Near-term resistance is located at around 196, and a breakthrough here could signal bullish intraday sentiment. It could indicate a renewed uptrend from a low of 180.00. Further targets could include 197.37 (161.8% Fibonacci level), 198, and even 200. On the downside, immediate support lies at 194.70, and a dip below this level could push the pair down towards 194, 193.50, 192.88, or 192.50. It is good to buy above 196 with SL around 195 for TP of 198
Long
by FxWirePro
GBPJPY bearish for 150 pipsIn a bearish trade setup on GBP/JPY with a 150-pip profit target and a 50-pip stop loss, you’re aiming for a reward-to-risk ratio of 3:1. This means that for every 50 pips you risk, you’re potentially gaining 150 pips, which is a favorable setup. Here’s a detailed breakdown of this trade idea: 1. Setting the Profit Target (150 Pips) A 150-pip profit target is quite common in GBP/JPY due to its volatility. This target should be set near a significant support level or other technical factors such as: A previous major swing low. A Fibonacci extension level (like the 127.2% or 161.8%). A psychological level or round number (e.g., 180.00, 179.50). GBP/JPY often moves in wide ranges, so a 150-pip move in a single trading day or session is realistic, especially if the market is trending strongly. 2. Defining the Stop Loss (50 Pips) A 50-pip stop loss should ideally be placed above a significant resistance level: A recent swing high. Above a key moving average (such as the 50 or 100 MA on the 1H or 4H chart). Above a Fibonacci retracement level (such as the 38.2% or 50% retracement of the latest downtrend). You want to make sure the stop isn’t too tight, giving the trade some room to breathe, but also protecting you in case of a reversal.
Short
by LORDOFTHETRADERS
GBP/JPY Technical Analysis Looking at the 30-minute chart, GBP/JPY is showing some interesting movements. Trend Structure: After a period of consolidation, the pair broke out of a descending wedge pattern. The price tested the upper boundary near 195.602, which appears to be a key resistance level. We could see some retracement here before a continuation of the upward trend. Fibonacci Levels: The retracement zones are well-defined using Fibonacci levels. The price may pull back to one of the key Fib levels, such as 38.2% (194.712) or 50% (194.718), before resuming its bullish momentum. A deeper pullback could reach 61.8% (194.352), which aligns with another strong support area. Support and Resistance: Key horizontal support levels lie around 194.752, 194.250, and 193.832. These levels are marked by green zones on the chart. The price will likely test these areas if a retracement happens before potentially bouncing back up. MACD Indicator: The MACD shows signs of weakening bullish momentum, with the MACD line starting to flatten. This could signal a short-term pullback, aligning with the potential Fibonacci retracement mentioned earlier. Next Steps: If the price manages to hold above the 195.185 resistance level after a possible pullback, it could break through and target new highs, potentially testing 195.602 again and higher levels. However, a failure to hold these levels may lead to further declines towards the 193.832 support zone.
Long
by AEL_Education