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GBPJPY trade ideas

GBPJPY Bullish Breakout Setup โ€“ Eyes on 195.000+Structure: Symmetrical Triangle inside Bullish Channel Analysis: GBPJPY is currently compressing within a symmetrical triangle formation after a strong bullish rally. Price has pulled back and is respecting the ascending channel and trendline support around 193.900. MACD is flattening, suggesting potential build-up before the next push. We are watching for a bullish breakout of the triangle, with confirmation via a strong candle close above 194.200 and EMA cross to the upside. โธป Trade Plan: Entry: Above 194.200 on strong bullish breakout candle (23min or 1H confirmation) Stop Loss: 193.700 (below triangle structure and trendline support) Take Profit Targets: โ€ข TP1: 194.667 (recent high + trendline intersection) โ€ข TP2: 195.000 (psychological resistance + channel top) โ€ข TP3: 195.500 (extension play if momentum builds) Risk/Reward: Approx. 1:2 to 1:3 depending on entry execution โธป Confirmation Factors: โ€ข Triangle consolidation nearing breakout point โ€ข Bullish channel still intact โ€ข MACD showing flattening / crossover setup โ€ข Price respecting 50/144 EMA zones โธป Invalidation: If price breaks below 193.700 and fails to hold the ascending structure, bullish bias is off the table for now.
Long
by AutoMarkets
Bullish bounce?GBP/JPY is falling towards the pivot and could bounce to the 1st resistance. Pivot: 191.16 1st Support: 189.22 1st Resistance: 194.56 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Entry at Key Level & High-Value VWAPI have planned an entry on GBP/JPY around a key level that aligns with a high-value VWAP from the second week's low of this month. This VWAP has shown strong Rhythm being tested, reinforcing its significance as a key reference point. Given its ability to attract liquidity and provide structural support, I consider this level to be a high-probability area for a reaction. Since there are currently no significant fundamental factors affecting the British pound or the Japanese yen, I am basing this setup entirely on price action and technical confluence. I will wait for confirmation on lower timeframes before executing the trade.
Long
by benjaminlombaert
GBPJPY LONG IDEASo, if you have followed my updates, I have a strong bias of where I expect the pound yen to deliver price. I'm not saying that it'll do just that today or maybe even next week, but its the draw on liquidity with IPDA that invites me in. Cutting to the chase, I'm looking for an area where might be a good institutional support level and then take the shot. It might be a OSOK( One shot one kill) model or not, but that's my view. Follow for more updates, hit that boost and share you comments below
by gachihi
GBP/JPY 15M Analysis & Trade Setup โ€“ 21-01-2025๐Ÿ“Š GBP/JPY 15M Analysis & Trade Setup โ€“ 21-01-2025 ๐Ÿ“ˆ Current Price: 193.374 ๐Ÿ”ด Supply Zones (Resistance): โœ” 193.269 (Current resistance, waiting for confirmation) โœ” 194.603 (Higher resistance zone) ๐ŸŸข Demand Zones (Support): โœ” 192.198 (Potential support level) ๐Ÿ“Œ Market Outlook: Price is testing the 193.269 supply zone. Scenario 1: If price rejects this level, expect a drop towards 192.198 support. Scenario 2: If price breaks above 193.269 and confirms, it may target 194.603 resistance. โšก Trade Setup: ๐Ÿ”ป Sell Setup: If rejection at 193.269 ๐ŸŽฏ TP1: 192.198 ๐Ÿ›‘ SL: Above 193.500 ๐Ÿ”ผ Buy Setup: If breakout above 193.269 with retest ๐ŸŽฏ TP1: 194.603 ๐Ÿ›‘ SL: Below 193.000 #GBPJPY #ForexTrading #PriceAction #SmartMoney #TradingAnalysis ๐Ÿš€๐Ÿ“Š
Short
by FXFOREVER_87
CHECK XAUUSD ANALYSIS SIGNAL UPDATE > GO AND READ THE CAPTAINBaddy dears friends ๐Ÿ‘‹๐Ÿผ (GPBJPY) trading signals technical analysis satup๐Ÿ‘‡๐Ÿผ I think now (GBPJPY) ready for( BUY )trade ( GBPJPY ) BUY zone ( TRADE SATUP) ๐Ÿ‘‡๐Ÿผ ENTRY POINT (192.900) to (192.800) ๐Ÿ“Š FIRST TP (193.100)๐Ÿ“Š 2ND TARGET (193.400) ๐Ÿ“Š LAST TARGET (193.700) ๐Ÿ“Š STOP LOOS (192.400)โŒ Tachincal analysis satup Fallow risk management
Long
by Mr_hassy_trader
GBPJPY TODAY FORECASTIn this forecast we're analyzing 2H time frame for GBPJPY. Today I'm looking for a potential buy trade setup. According to my analysis and strategy when price enters in my key levels as shown in the chart and give any bullish confirmation like candlestick pattern or price action. After taking confirmation we'll trigger our trade. Confirmation is most important part of this analysis. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is just my analysis. Further updates related this analysis will posted soon once price reach our levels. #GBPJPY 2H Technical Analysis Expected Move.
Long
by TradeTacticsreal
GBPJPY 1D MA200 rejection. Channel Down sell signal.The GBPJPY pair has been trading within a Channel Down pattern and the recent Bullish Leg got rejected yesterday on the 1D MA200 (orange trend-line). If the 1D RSI closes below its MA trend-line, we will have the ideal sell confirmation signal. Our Target is the top of the 4-month Support Zone at 188.550. ------------------------------------------------------------------------------- ** Please LIKE ๐Ÿ‘, FOLLOW โœ…, SHARE ๐Ÿ™Œ and COMMENT โœ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ๐Ÿ’ธ ๐Ÿ‘‡ ๐Ÿ‘‡ ๐Ÿ‘‡ ๐Ÿ‘‡ ๐Ÿ‘‡ ๐Ÿ‘‡
Short
by TradingShot