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GBPJPY trade ideas

UPDATE ON GBP/JPY TRADEGBP/JPY 30M - Our pending order was just missed late last night, as you can see price didn't quite come down enough to trade into the 50% mark our Demand Zone. Did any of you Asian Session traders manage to get in manually? I know those of you who are in the UK and Europe probably didn't hence the pending order. The trade above ran for + 84 pips. (+5%) 5RR The potential profits from this trade here could have been great for those of you who entered in manually, understandably those of you who typically trade the London and NY probably missed it just like I did. Nevertheless I wanted to provide you all with the trading opportunity and update you all on how it performed over night, well done to any of you who got in manually based on the penetration and rejection.
Long
by Lukegforex
GBPJPY Will Move Lower! Sell! Take a look at our analysis for GBPJPY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 193.249. Taking into consideration the structure & trend analysis, I believe that the market will reach 191.112 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
GBPJPY Daily AnalysisPrice action has not been clean, and the recent upside has found a resistance at around 195 level. We are not keen on any sells at the moment but will look for buys if 195 level breaks and price sustains there for some time (30 minute of 1 hour closure should be enough). That will open doors for price to target around 197 levels. Alternatively, if price drops towards the green support zone, then we can look for buys again after watching for any reaction in that zone (30 minute of 1-hour bullish candle). We need more information for any sells at the moment.
Long
by CandleStickGuru
GBPJPY: Market Sentiment & Forecast Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the GBPJPY pair which is likely to be pushed down by the bears so we will sell! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ❤️ Please, support our work with like & comment! ❤️
Short
by UnitedSignals
1
GBP/JPY SELL ZONE .....My GBP/JPY sell zone suggests a bearish outlook with downside targets at 192.480, 191.500, and 190.720, while maintaining a stop loss at 194.600. Key Levels & Analysis: Resistance (Stop Loss): 194.600 – If price breaks above this, the bearish setup is invalidated. Support Levels (Targets): 192.480: First support, minor retracement level. 191.500: Stronger support, potential reaction zone. 190.720: Major support, likely to see profit-taking or reversal signs. Technical Indicators to Watch: 1. Moving Averages: If GBP/JPY is trading below the 50-day and 200-day moving averages, it strengthens the bearish case. 2. RSI (Relative Strength Index): If RSI is below 50 and trending toward 30, it signals bearish momentum. 3. MACD (Moving Average Convergence Divergence): A bearish crossover below the signal line adds confidence to the downtrend. 4. Trendline & Fibonacci Analysis: Check for a trendline break or a Fib retracement level supporting the sell-off. Trading Strategy: If price rejects resistance at 194.600, it confirms bearish sentiment. A break below 192.480 could accelerate selling pressure toward 191.500 and beyond. Monitor Bank of Japan & Bank of England news, risk sentiment (stocks, bonds, yen strength) for additional confirmation.
Short
by Algo_Trading_Mql5
ASIAN SESSION TRADERSGBP/JPY 30M - I thought I would provide you all with my thoughts on the GBP/JPY pair for those of you who trade during the Asian session. You can see here there some good opportunity. We have recently seen price break structure to the upside fractally, giving us the suggestion that enough Demand has been introduced from the Zone below to instigate the next higher timeframe impulse to the upside. In order for us to enter long in this market we want to see price pullback again fractally down and into the new, more refined Demand Zone I have gone ahead and provided. Once price does that in order to have confirmation to long we want to see rejection and a fractal BOS to the upside, for those that are more pre-emptive this could be a pending order you could look to set:
Long
by Lukegforex
GBPJPY uptrend supported at 191.40The GBP/JPY currency pair shows a bullish sentiment, reinforced by the prevailing uptrend. Recent intraday price action indicates a corrective pullback toward the previous consolidation zone and the rising trendline support area. Bullish Scenario: The key trading level to watch is 191.40, which represents the previous consolidation range. A successful bullish bounce from this level could target the 195.00 resistance, with potential continuation toward 195.66 and 198.30 over the longer timeframe. Bearish Scenario: However, a decisive break below 191.40 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 189.65 and, subsequently, 187.00. Conclusion: The bullish sentiment remains intact as long as 191.40 holds as support. Traders should look for bullish confirmation at this level to sustain upward momentum. A break below 191.40 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
GBP/JPY Recent Entry Breakdown – Bearish Move Analysis1. Entry Point – Bearish Confirmation 🔹 Break of the Uptrend: The price was following a well-defined ascending trendline until it broke below it. A bearish candle closed below the trendline, confirming a structure shift. 🔹 Retest and Rejection: Price retested the broken trendline and previous support zone, but failed to break back above. The dark gray box highlights the supply zone, where sellers stepped in aggressively. Strong bearish rejection candles confirmed that buyers were weak. 🔹 Entry Trigger: The entry likely happened after the retest rejection, possibly on a bearish engulfing candle or strong wick rejection. This ensured that sellers were in control. 2. Stop-Loss Placement 🔺 Above the Retest High (~193.5-194.0): The SL is safely placed above the rejection zone, avoiding minor pullbacks. This allows the trade to breathe while keeping risk manageable. 3. Take-Profit Targets 🎯 First Target: 190.5 (Key Support) 🎯 Final Target: 189.0 (Major Demand Zone) The blue box highlights the potential reward zone, with a Risk-Reward Ratio of approximately 1:3+, which is excellent. If price hits 190.5, moving SL to break-even is a smart move to secure profits. 4. Trade Management & Expectations ✅ Bearish Confirmation Factors: Lower High Formation Break & Retest of Structure Strong Rejection at Supply Zone ⚠ Possible Market Reaction: If price stalls at 190.5, expect a small pullback before continuation. A break below 190.5 should send price straight to 189.0, where buyers might step in. Final Thoughts: High-Probability Setup This GBP/JPY short position aligns perfectly with: ✔ Trendline Break & Retest ✅ ✔ Supply Zone Rejection ✅ ✔ Strong Risk-to-Reward Ratio ✅
Short
by aziezieam
Bullish bounce off pullback support?GBP/JPY is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 192.76 1st Support: 190.79 1st Resistance: 194.69 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
GBPJPY LONG IDEATrading Idea: GBPJPY Long Rationale: You've identified a potential long (buy) opportunity based on the 50% Fibonacci retracement level on the 4-hour (4H) time frame. This indicates a possible pullback within an uptrend, with the 50% level acting as support. Entry: Enter the trade at 192.892. Stop Loss (SL): Place your stop loss at 192.302. This limits your potential loss if the trade moves against you. Take Profit (TP): Set your take profit at 195.095. This is your target price where you will exit the trade with a profit. Timeframe: 4 hour (4H) Key Consideration: Fibonacci retracements are tools, not guarantees. Price action, and other technical or fundamental factors should be considered before entering the trade. Simplified Explanation: You're looking to buy GBPJPY because it has pulled back to a key level (50% Fibonacci) on a medium-term chart. You'll buy at 192.892, and if it goes down to 192.302, you'll automatically exit the trade to limit losses. If it goes up to 195.095, you'll take your profit.
Long
by BKGTrader35