Get started

British Pound / Japanese Yen

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

GBPJPY trade ideas

ONENTRYGBP/JPY Overnight Range Breakout Strategy Timeframe: 30 Minutes Session: London Pre-Market (00:00 - 06:30 +2GMT) Step 1: Identify the Overnight Range Mark the high and low of the price range between 00:00 - 06:30 (+2GMT). Wait for a clear breakout with a candle closing above (for longs) or below (for shorts) this range. Step 2: Apply Fibonacci Levels After the breakout, use the Fibonacci retracement tool: Anchor Point 1: Start at the close of the breakout candle. Anchor Point 2: Drag to the start of the impulse move (first candle of the range). Key level for entry: 0.5 and 0.35 retracement. Step 3: Trade Execution Entry: Enter on a pullback to 0.5 and 0.35 Fib level after the breakout. Stop Loss (SL): Long trades: Below the low of the breakout candle’s body. Short trades: Above the high of the breakout candle’s body. Take Profit Targets: TP1: 1.0 Fib (1:1 risk-reward). TP2: 1.6 Fib extension. TP3: 2.3 Fib extension (runner position). Step 4: Trade Management Move SL to breakeven when price hits TP1. ENTRY #1 193.44 ENTRY #2 193.52 SL 193.75 TP FIB EXTENSIONS
Short
by MarcinHarasimFX
GBPJPY INTRADAY bullish breakout supported at 193.24The GBP/JPY currency pair shows a bullish sentiment, reinforced by the prevailing uptrend. Recent intraday price action appears to be a bullish breakout above previous resistance zone. Bullish Scenario: The key trading level to watch is 193.24, which represents the previous consolidation range. A successful bullish bounce from this level could target the 195.00 resistance, with potential continuation toward 196.20 and 197.45 over the longer timeframe. Bearish Scenario: However, a decisive break below 193.24 with a daily close below this level would invalidate the bullish outlook. This would signal a potential shift to a bearish trend, with downside targets at 192.00 and, subsequently, 191.60. Conclusion: The bullish sentiment remains intact as long as 193.24 holds as support. Traders should look for bullish confirmation at this level to sustain upward momentum. A break below 193.24 would indicate a deeper retracement and potential trend reversal. 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 SELL ALERTS!!! *GBP/JPY Sell Alert: Don't Miss Out!* *Key Points to Consider:* 1. *High-Probability Sell Opportunity*: A critical resistance level has been reached, increasing the likelihood of a reversal. 2. *Yen Strength*: A strengthening Japanese Yen, driven by safe-haven demand and positive economic data, may exacerbate the GBP/JPY decline. *Trade Specifications:* - *Sell Entry:* 193 - *Profit Targets:* - TP1: 191 (50 pips) - TP2: 188 (100 pips) - *Stop-Loss:* 194 (10 pips above entry) *Market Context:* The GBP/JPY pair is consolidating, with market participants awaiting key economic data releases and Brexit updates. A break below 191 could trigger a sharp decline. *Trading Strategy:* Sell GBP/JPY at 193, with a stop-loss at 194. Use the profit targets to take profits or adjust the stop-loss to break even. *Actionable Insights:* - Monitor the GBP/JPY pair closely for a potential breakdown below 191. - Adjust your trading strategy according to market conditions and economic data releases. - Keep an eye on the Japanese Yen's strength and its impact on the GBP/JPY pair. *News and Market Analysis:* - *BOJ's Monetary Policy Decision*: The Bank of Japan's decision to maintain its monetary policy stance has strengthened the Japanese Yen. - *Brexit Uncertainty*: Ongoing Brexit negotiations and uncertainty surrounding the UK's departure from the EU may weigh on the British Pound. - *Global Economic Slowdown*: Concerns over a global economic slowdown may drive investors towards safe-haven assets, such as the Japanese Yen. *Your Feedback Matters:* If this trade idea and analysis helped you, please: Keep your best wishes to the Travis 👍 - *Like* to show appreciation - *Share* your opinions and feedback - *Follow* for more trade ideas and market analysis
Short
by Expert_Travis
GBP/JPY - 30M Analysis & Key Levels📉 GBP/JPY - 30M Analysis & Key Levels 🔵 Current Price: 194.630 🔴 Supply Zone (Resistance): 194.610 - 194.685 🟢 Demand Zone (Support): 193.696 - 193.705 🔍 Possible Scenarios: 1️⃣ Bearish Case: If price respects the 194.610 - 194.685 supply zone and rejects, we could see a drop towards 193.705 support. 2️⃣ Bullish Case: If price breaks and closes above 194.685, it may invalidate the bearish setup and push towards higher levels. 💡 Trading Plan: ✅ Look for potential short entries near 194.610 - 194.685 if rejection occurs. ✅ Target 193.705 as a downside objective. ✅ If price breaks above 194.685, avoid shorts and reassess for potential bullish setups. Would you like additional insights on stop-loss or confirmation entries? 📊🔥
Short
by FXFOREVER_87
GBPJPY FORECASTI love the way this pair is looking like! From the higher timeframe I've see how it closed impulsively last week with a bearish signal of a full retrace candle. Now, due to that I'm looking more of a structure formation on the lower timeframe . In this video I've highlighted where do I look to position myself in the market and how I will capitalize in the market if that scenario develop. Watch this video to the end to get the insights of how I look this pair God Bless
by Richard_Mkude
GBPJPY Long IdeaIn the daily graphs we can observe the price moving between the two daily trend lines which creates triangle. As the increasing trendline is strong for now, we are most likely to seek the Long position in this pair. At the best scenario we will look for the price close daily above the previous major high of 194.900, if yes after a little retest we can come up to at leass to the decreasing trendline to 197.000 levels. So after breaking above and reaching to that point we can see a pull back to the previous resistance level to be turned into new support and after buy confirmation we can look for another highs which were previous daily resistance zones 198.800 and 199.800. On the other scenarios as shown on the chart we can either make the decreasing trendline a strong resistance zone and come back to the previous strong daily resistance zones of 189.200. Let's see and observe what opportunities the market will give us. Good Luck!
Long
by TetanForex
6