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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

$GBPJPY Macro analysis Part 1: Bullish Outlook-Target of 250.234OANDA:GBPJPY Long-Term Macro Analysis Part 1: Bullish Outlook with Target of 250.234 My HTF target is 250.234 The weekly and monthly timeframes are trending bullish. A closure above 215.887 is crucial, signaling a potential move back to the 241.501 area. If price reaches this zone, I expect price to trade away before violating the 250.234 high, based on my analysis. These drawings are somewhat beyond my current knowledge. It's important to follow price action on the LTF as it approaches HTF POIs; price will indicate when a reversal is imminent. Focus on my key areas of targets, rejections, or closures rather than my drawings. Also the 177.314 area could also be a little juicy. Based on my current understanding, I see two potential price movements. This is speculative since price is still trending up and hasn’t broken any significant levels to indicate a downward move. Also any future incoming downward movement would likely be a temporary pullback before continuing higher in line with the HTF trend. Price may follow either the white or purple drawing, which will play out over the coming years. I will update my analysis as my skills evolve. This analysis will be valid if we close above 215.887 with a body closure on the HTF weekly/monthly chart. The yellow square is not a valid swing yet, reinforcing the need to follow price rather than relying solely on forecasts. Price will signal when it’s ready to move higher or lower—this is part 1 of my HTF outlook. Quick personal quote regarding price action: When it comes to trading, let price lead the way. It will reveal when to short or continue higher. Your emotions are irrelevant in this technical dance. Let price guide your decisions. Not financial advice, just posting my idea's for archival purposes to look back at later.
Long
by ChiProactive
GBPJPY Trading Opportunity! BUY! My dear friends, My technical analysis for GBPJPY is below: The market is trading on 193.46 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 193.85 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GBPJPY set for a possible riseRevised Analysis with Projections 1. Current Ichimoku Cloud (Kumo) Analysis: Kumo Future Projection: The cloud ahead is green, signaling bullish potential. The cloud is flat on the top, indicating possible resistance near 194.9. Support levels sit at 192.9 based on the bottom of the cloud. Price Action: Price is trading near the Kijun-sen (red line) and above the cloud base, a neutral to slightly bullish signal. A pullback to the Kijun-sen around 193.8 or cloud support at 192.9 is possible before a move higher. 2. Ichimoku Wave Theory (N-Wave and P-Wave): The N-Wave: An A-B-C-D wave formation is developing: A: 192.2 (recent low on Dec 5th) B: 194.9 (recent high) C: 193.0 (potential support pullback zone) D: Projection upwards to 196.0 (extension of AB leg if the uptrend resumes). Projections: Take-Profit 1 (194.9): Expected within 8-12 hours (2-3 candles on the 4-hour chart). Take-Profit 2 (196.0): Expected within 20-28 hours (5-7 candles). 3. Ichimoku Time Theory (Kihon Suchi): Time cycles suggest possible turning points every 9, 17, or 26 candles: The recent uptrend began around Dec 8 (approx. 7-9 candles back). The next time window for reversal or continuation is around Dec 15-16. A breakout above 194.9 or below 193.0 is likely to occur within this timeframe. 4. Trade Setup with Projections: Buy Entry: Near 193.3-193.8 (pullback to Kijun-sen). Stop-Loss: Below 192.9 (below cloud support). Take-Profit 1: 194.9 Time Projection: Within 8-12 hours. Take-Profit 2: 196.0 Time Projection: Within 20-28 hours. Conclusion: The trend is bullish-neutral with a higher probability of continuation if support holds. Watch for a decisive break above 194.9 for confirmation of bullish momentum. Projected Timelines: 194.9: 8-12 hours. 196.0: 20-28 hours.
Long
by Welburg_Trading
GBPJPY - Potential short !!Hello traders! ‼️ This is my perspective on GBPJPY. Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. My point of interest is imbalance filled and rejection from bearish OB + level 196.000. Fundamental news: Next week on Thursday (GMT+2) we will see results of Interest Rate on GBP and JPY, news with high impact on currencies. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
GBP/JPY: 24-Hour Market Sentiment and Trade Analysis GBP/JPY: 24-Hour Market Sentiment and Trade Analysis I spend time researching and finding the best entries and setups, so make sure to boost and follow for more. Market Overview (Last 24 Hours): - OANDA:GBPJPY is trading near your sell entry point at 194.027, showing signs of bearish momentum on the 15-minute chart. - Weakness in GBP reflects recent concerns over the UK’s economic data, while the yen benefits from safe-haven flows as risk sentiment deteriorates. Technical Overview: - Support Levels: 193.458 (TP1), 192.904 (TP2) - Resistance Levels: 194.298 (SL), 194.500 - Indicators: Bearish divergence on RSI supports the sell bias, while MACD on the 15-minute chart confirms downward momentum. Price is also testing a descending trendline. Fundamental Catalysts: - Economic Data: Recent UK retail sales data showed weaker-than-expected performance, pressuring GBP lower. - Geopolitical Events: Risk-off sentiment globally has bolstered the yen, driving safe-haven demand. - Liquidity: Volatility on GBP/JPY remains elevated, providing trading opportunities on the 15-minute timeframe. Planning: - Bearish Continuation: A sustained break below 193.800 could lead to TP1 (193.458) and potentially extend to TP2 (192.904). - Reversal Risk: A rebound in GBP or broader risk-on sentiment could test the SL at 194.298 or higher. Key Data Points Table: | Pair | Entry | SL | TP1 | TP2 | Catalyst | |----------|---------|---------|---------|---------|---------------------------| | GBP/JPY | 194.027 | 194.298 | 193.458 | 192.904 | Weak UK data, safe-haven flows | Sentiment Heatmap: - Market sentiment is mixed, with yen strength driven by risk aversion and GBP facing pressure from weak fundamentals. Note: - This setup is ideal for a **short-term scalp** or **day trade**, targeting quick movements within the 15-minute timeframe. When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All!
Long
by SiriusTrading
GBPJPY Long or Short PotentialHi Traders! At this moment, I am starting to see we're in a range between 194.000 and 195.000. In order for me to get into this trade again, upside or downside, I need a little more confirmation where price wants to go. If price can break above 195.000 with follow through- I will consider the long. If price breaks below 193.000 with follow through, then I will look for the short. My long target would be around 197.000. This will bring us to another sell stop area. Short target 193.000/192.000. That will bring price to retest the CHOCH area. I've learned that price does like to return to previous CHOCH areas and potentially bounce for the long. Lets see what the market gives us! Patience Pays. *DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
by thattradergirl
GBP/JPY "The Guppy" Forex Market Heist Plan on Bullish SideHi there! Dear Money Makers & Robbers, 🤑 💰 Based on Thief Trading style technical analysis, here is our master plan to heist the GBP/JPY "The Guppy" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. So Be Careful, wealthy and safe trade. Entry 📈: Acceptable anywhere; I advise placing buy limit orders within a 15-minute Chart. The entry for the Recent/Nearest Low Point should be in pullback. Stop Loss 🛑: Using the 2H period, the recent / nearest low level. Goal 🎯: 198.500 Scalpers, take note: only scalp on the long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Warning : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release. Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style. I'll see you soon with another heist plan, so stay tuned 🫂
Long
by Thief_Trader
3
GBP/JPY Bearish Market Analysis Using Elliott Wave TheoryThe daily chart of GBP/JPY indicates a potential bearish trend unfolding in a classic 5-wave Elliott Wave pattern. Here’s the breakdown: Wave (1): The initial downward impulse wave demonstrates significant selling pressure, marking the start of the bearish trend. The decline is steep, indicating strong momentum in favor of the bears. Wave (2): Following Wave (1), a corrective wave retraces upward to approximately the Fibonacci 0.618 level. This retracement aligns with the expected behavior of Wave (2), which typically retraces 50-61.8% of Wave (1). Wave (3): The ongoing Wave (3) is projected to extend significantly lower, aiming for a Fibonacci 1.618 extension near the 184.000 level. Historically, Wave (3) is often the most aggressive and extended wave, driven by heightened bearish sentiment. Wave (4): After reaching the 184.000 level, a minor corrective move upward (Wave 4) is expected. This wave is generally shallow, potentially retracing to the 0.382-0.500 Fibonacci level of Wave (3). Wave (5): The final leg of the bearish trend targets the 2.618 Fibonacci extension, estimated around 177.000. This aligns with the ultimate downside potential of the bearish Elliott Wave cycle. Key Levels to Watch: Resistance Levels: 193.500 (0.236 Fibonacci level) 195.000 (previous high) Support Levels: 184.000 (1.618 Fibonacci extension of Wave 3) 180.000 (psychological level and key support) 177.000 (2.618 Fibonacci extension of Wave 5) Market Sentiment and Trade Strategy: The GBP/JPY pair appears to be forming a strong bearish setup, supported by Fibonacci levels and Elliott Wave projections. Traders may consider: Sell Positions: On retracements to the 0.382-0.500 Fibonacci level of Wave (3). Take Profit Targets: 184.000 and 177.000. Stop Loss Levels: Above 193.500 to mitigate risks. This bearish analysis assumes the pair respects the Elliott Wave structure and Fibonacci levels without invalidation from unexpected market events or strong bullish reversals.
Short
by Bitcoin_King01
1
GBPJPY- Reversal above 195?After reaching a low of 188, GBP/JPY reversed to the upside in a normal corrective move and found resistance near the 192 zone. A subsequent drop followed, but instead of resuming its downtrend, the pair began consolidating within a range. The emerging pattern, while not perfect, resembles an inverse Head & Shoulders. A break above the neckline would confirm this formation and pave the way for further gains, potentially targeting the 195 resistance level. I remain bullish on GBP/JPY as long as the pair stays above the recent consolidation support.
Long
by Mihai_Iacob
6
GBPJPY BUYS TO 194.600?Trading Plan for GBP BASELINE 🎯 Current short term sentiment bias and upcoming risk events (previous # & consensus expectations) that can impact said sentiment Current Short-Term Sentiment Bias : - The British pound is trading around $1.276, near a one-month high, driven by expectations of a cautious BoE. - Investors are focused on upcoming UK economic data, particularly GDP and manufacturing production for October, which are expected to show modest growth. Upcoming Risk Events : - GDP (MoM) (Oct): Consensus 0.1%, Previous -0.1% - GDP (YoY) (Oct): Consensus 1.6%, Previous 1.0% - Industrial Production (YoY) (Oct): Consensus 0.2%, Previous -1.8% - Industrial Production (MoM) (Oct): Consensus 0.3%, Previous -0.5% - Manufacturing Production (MoM) (Oct): Consensus 0.2%, Previous -1.0% - Manufacturing Production (YoY) (Oct): Consensus 0.9%, Previous -0.7% - Monthly GDP 3M/3M Change (Oct): Consensus 0.2%, Previous 0.1% SURPRISE ⚡ What outcome of the risk event will surprise the markets based on the baseline Positive Data Surprise : - Outcome: If the data beats expectations across the board, it will likely reinforce market expectations of no rate cuts next week. - Market Reaction: Continued pound strength. - Trade Pair: GBP/JPY - The yield spread between UK and Japan bonds suggests potential upside for this pair. Negative Data Surprise : - Outcome: If the data misses expectations, the pound could weaken as investors speculate on a more dovish BoE outlook. - Market Reaction: Pound weakness. - Trade Pair: GBP/NZD - The yield spread between UK and New Zealand bonds favors a downside move in this pair. BIGGER PICTURE 🌐 Does this outcome changes the larger macro-fundamental bias Macro-Fundamental Bias: - Current Expectation: The BoE is expected to hold interest rates steady at 4.75% at its next meeting on December 19. - Future Outlook: Governor Andrew Bailey has hinted at gradual rate cuts starting in 2025, with markets pricing in three 25-basis-point cuts by the end of next year. - Implications: A positive data surprise would support the current expectation of no immediate rate cuts, while a negative surprise could lead to speculation about a more dovish stance from the BoE.
by Midas_Macro
Elliott Wave View Looking for Zigzag Correction in GBPJPYShort Term Elliott Wave view in GBPJPY shows decline from 10.30.2024 high ended at 188.14 as wave 1. The decline unfolded as a 5 waves diagonal Elliott Wave structure. Pair has turned higher in wave 2 to correct this 5 waves decline. The internal subdivision of wave 2 rally is unfolding as a zigzag Elliott Wave structure. Up from wave 1, wave i ended at 191.53 and wave ii ended at 190.3. Wave iii higher ended at 192.2, wave iv dips ended at 190.91, and final wave v higher ended at 192.37. This completed wave (i) in higher degree. Pullback in wave (ii) ended at 190.58. Pair has rallied higher in wave (iii) towards 193.4 and pullback in wave (iv) ended at 192.44. Final leg wave (v) ended at 195 which completed wave ((a)) in higher degree. Pullback in wave ((b)) is in progress to correct cycle from 12.3.2024 low. Internal subdivision of the pullback is unfolding as a zigzag structure. Down from wave ((a)), wave (a) ended at 192.91. Expect wave (b) rally to fail below 195 and pair to turn lower in wave (c) to complete wave ((b)). Near term, as far as pivot at 188.14 stays intact, expect pullback to find buyers in 3, 7, 11 swing for more upside.
by Elliottwave-Forecast
GBPJPY, H4 ICT Longsetup, Swing Trade and Session Trade👋Hello Traders, Our 🖥️ AI system detected that there is an H4 timeframe ICT Long setup in GBPJPY for session trade (a couple of Hours) Here is a session trade idea (since it is near support surface, we should use small lot size) Please refer to the details Stop loss, Buy Zone,open for take profit. Next Long entry after retracement in any session. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Long
by ICT_Trader_SB