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GBPJPY trade ideas

Potential GBPJPY Trade Setup News event for the week JPY Tankan Large Manufacturing Index at Tuesday 350am (Over) Long-term Chart Major long-term trendline (Jan 23 - Current) uptrend line is still holding Shorter trendline: LH and LL have been set since Oct. Technical analysis Prices are currently in no-man's land and there's no reason to enter from a technical perspective now I want to enter Long positions if they reach 191-190 price range -- Daily level SL: 188 -- Daily level TP: 195 Price Action for entry -- Price to hit zone, then breakout to the downside out of the zone. To take trade on the retracement candle with SL above the highs within the zone. -- TF to view candle: H1 And I want to enter a Short position if price reaches around 196 and does not have a strong volume breakout to the upside. -- Daily level SL: 198 (Top of zone + Daily ATR) -- Daily level TP: 190.6 (Major trendline level) Price Action for entry -- Price to hit zone then breakout to the upside of the zone. To take trade on the retracement candle with SL below the lows within the zone -- TF to view candle: H1 Fundamental Divergence in monetary policies, favouring a downtrend of the GBPJPY. This is THE major driver, and until economic news changes this, I favour selling GBPJPY whenever it reaches a premium level. BOE expected to continue to cut interest rates due to bad economic outlook JPY expected to continue to hike interest rates to strengthen the yen Overall If price reaches SHORT zone. I expect to hold the trade longer to take advantage of the fundamental downtrend. And I may scale into the trade if price starts a major downmove. If price reaches the LONG zone and Price Action permits, I expect to have a scalp of the Long position(s) to take advantage of the supply zone. I do not want to hold a Long position in GBPJPY for an extended time. This is under the assumption that the monetary policy divergence holds. Notes: This is currently for personal practice to write out trade ideas. Feedback is welcome, and please don't mind if none of this makes sense.
Short
by yuhaocooper
GBPJPY, SELLThe forex signals provided are for informational and educational purposes only and do not constitute financial advice, investment recommendations, or an offer to buy or sell any financial instrument. Trading forex carries a high level of risk and may not be suitable for all investors. The use of leverage can result in losses exceeding your initial deposit. Past performance is not indicative of future results. We do not guarantee the accuracy, reliability, or completeness of any signals provided. Any trading decisions you make based on our signals are made at your own risk, and we shall not be liable for any financial losses incurred. You should consult with a qualified financial advisor before engaging in forex trading. By using our signals, you acknowledge and accept the risks associated with trading and agree to hold us harmless from any liabilities
Short
by gbaraka6
Three Consecutive action conceptAfter years of trading, I noticed a pattern where the market forms three consecutive highs before reversing. The third high often acts as a liquidity grab, trapping buyers before price drops. How It Works: First High – Establishes resistance. Second High – Confirms liquidity above. Third High – Triggers a stop hunt, followed by a reversal. If the second high’s order block wasn’t mitigated, price tends to return to it before the drop. This pattern works best when combined with liquidity sweeps, Fair Value Gaps (FVGs), and market structure shifts (MSS) for confirmation. 🔸 Disclaimer: This is based on my personal observations and may not work in all market conditions. Always trade with caution, backtest thoroughly, and use risk management.
Short
by markjeraldrivera
JPY/GBP - Potential Reversal SetupHey traders! Today we’re diving into a high-probability setup on the JPY/GBP pair with up to 22% upside on the monthly chart. I’ll cover the technicals, fundamentals, and exactly how to trade it. 📉 Chart pattern Looking at the chart, we’ve got a textbook falling channel stretching back from mid-2020. This descending structure has been consistent, but right now, we’re testing the upper boundary - and that could signal a trend reversal is coming. Momentum indicators back it up too. The RSI is rising off oversold levels, sitting around 41. And check out the MACD: bearish momentum is fading. Classic setup for a bullish breakout. 📌 Trade setup Wait for a monthly close above the upper channel , ideally between 0.00530 to 0.00535. That’s your breakout confirmation. You can place a buy stop just above the breakout zone. Set your stop-loss below the recent swing low - about 0.00490 - to protect against false moves. Now for the profit targets : * First target: 0.00580, that’s 12% above current levels. * Second target: 0.00630, that's 22% upside potential. That gives you a potential risk-reward ratio of up to 1:4 - solid. 🌐 Fundamentals On the macro side, this setup makes even more sense. Japan is finally stepping away from ultra-loose monetary policy, possibly hiking rates. Meanwhile, the UK looks set to pause or even cut rates in 2025. That shift could give the Yen the edge over the Pound, driving this move higher. 🛎️ Now, smash that like button if you found this helpful, and subscribe for more trade ideas.
Long
by TradingPrompts
My Directional Bias on GBPJPY for the long run {29/03/2025}Educational Analysis says that GBPJPY may give countertrend opportunities from this range, according to my technical analysis. Broker - FXCM So, my analysis is based on a top-down approach from weekly to trend range to internal trend range. So my analysis comprises of two structures: 1) Break of structure on weekly range and 2) External pushback to fill the remaining fair value gap 1) Break of structure on weekly range is down trend for the long run period of 10 years, may be it switch to new character or change its direction to bullish. 2) External pushback structure is the trading range where it trades on the smaller time frame, On this structure range market on inside trading or smaller time frame is bullish towards fib of 1.618 and make turn to fill the fair value gaps of it. Let's see what this pair brings to the table for us in the future. Please check the comment section to see how this turned out. DISCLAIMER:- This is not an entry signal. THIS IS ONLY EDUCATIONAL PURPOSE ANALYSIS. I have no concerns with your profit and loss from this analysis. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
by VishalBudhrani
GBPJPY | APRIL 2025 FORECAST| Will GJ fly to the SKY?GBP/JPY has been riding strong volatility, reacting to both BOE and BOJ policy shifts. As we head into the new month, the pair is testing a critical resistance zone near , with momentum signaling a potential breakout or rejection. 🔹 Trend Analysis: The pair remains in a strong , with price respecting the as dynamic support/resistance. 🔹 Key Levels: Resistance at , support at . A break above could open the door to . 🔹 Technical Outlook: RSI divergence hints at possible exhaustion, while Fibonacci retracements suggest key reaction zones around . Will GBP/JPY continue its bullish momentum, or are we looking at a deeper correction? Share your insights below! 📉📈 #GBPJPY #ForexForecast #MarketAnalysis
Long
by TLTurnerTV
GBP/JPY showing the Bulls some love !!As i write this down GBP/JPY teases us with a triangle on a 1h timeframe with a break and test... and maybe a confirmation? 195.00 level is also there - giving us extra confirmation the YEN showed some strength since the year began maybe because of the ongoing Japanese fiscal year ending up in march, but since we are talking about fiscal years, UK's fiscal year concludes in April ! ( during fiscal year end companies tend to repatriate their offshore capital for several reasons: Tax Optimization, Financial Reporting, Dividend Payments, Debt Servicing, Currency Exchange Considerations, Strategic Investments) - this ensure a increased demand for the specific currency making it raise in value ( supply and demand 101) so where are we at right now: - Fundamentals favor the GBP in the near term future ( other fundamentals must be taken into consideration - do some research tell me what you find) - Technically we see an opportunity to profit for the coming fundamentals even tough is a good chance this setup is not the start line of the race upwards when it comes to Taking profits the only level that comes into mind is 198.200 (not a guarantee but a possibility) - Other Technical's the currency sits above the YTD Anchored VWAP and the march Anchored VWAP for some time now, in terms of Market Structure we see higher highs on the 4h/Daily and previous highs taken out ( feb high and Jan high) - this an uptrend no doubt For day traders: on the lower timeframes we see some head & Shoulders formations gearing up 1min_ chart completed H&S 5m_chart H&S in construction - and if I'm stretching my luck a bit maybe another H&S on the 15 min that's all there is to it! Whatever your trading remember to take the risks into consideration and always do your own analysis before taking a decision !! I'm still new to sharing ideas on the community - don't start throwing rocks now if your Bearish :D -Not financial Advice !
Long
by Chrispy3000
GBP JPY #0001 Position Trading - waiting for the day candle of today to close; - briefly, the market appeared on the long side, but unfortunately, the last 2 candles (upon this entry day) do not reflect strong bullish sentiments - ending both last two candles (2nd of the previous too) possibly closed below the liquidity line of the last High (weeks earlier) - this is my position trading regardless of the retracement until it reaches the order block labeled as the target in the image.
Short
by NaimEdelweissFX
GBPJPY Is Going Up! Buy! Here is our detailed technical review for GBPJPY. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 194.512. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 196.392 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. 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!
Long
by SignalProvider
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