GBP/JPY Fibo ResistanceGBP/JPY has been on a run with more than 1,000 pips gained on the pair from the April 9th low around the 185.00 handle. There's been a few different clean setups, as well, such as the ascending triangle when the 190.00 level was holding as resistance, and then support.
The BoJ rate decision helped to prod JPY weakness and then there's been widespread continuation of risk-on so far to start this week. There's also some important context for the bullish continuation theme given this week's early rally...
The long-term gap from back in 2008 continues to carry weight and we saw that last week as the bottom of that gap at 193.61 held as resistance. The top of that gap sits at 198.08 and this was resistance when it was last in-play on January 7th.
At this point there's also Fibonacci resistance at 195.66 coming in to hold the highs, and this sets the stage for a higher-low at either 195.00 or 193.61. A show of support there opens the door for bullish continuation, and the top of that gap would be an ideal area for resistance to show at or around 198.08. Also of interest is a shorter-term Fibonacci level at 197.41 which is confluent with the psychological level of 197.50. - js
JPYGBP trade ideas
GBP JPY SELL SET UP🔥 GBPJPY Sell Setup – Clean & Calculated 🔥
Here’s the play on GBPJPY 👇
🧠 Working off key resistance zones + multiple reaction points
⚠️ Trigger: A weak high lining up perfectly with validated resistance
🎯 Plan:
3 Entries: Top, Mid & Bottom of the zone
Targeting the 2H Bullish Order Block for the exit
Simple structure. Solid logic. No overcomplication.
⚖️ Risk Profile:
Fully managed
Starting with a clean 4:1 R:R
High probability setup with a smart edge
Let’s see how price respects the zone — discipline over emotion every time. 🧘♂️
💬 Chart coming next. Drop your thoughts or ask questions in the group!
#GBPJPY #ForexTrading #SmartMoneyConcepts #OrderBlocks #PriceAction #SellSetup #RiskReward #FundedTrader #TradingCommunity #LearnToTrade
Price ready to break up and out of the year W Pattern to 205.66GBP/JPY seems to be one of the favourite Forex pairs when it comes to breakouts in 2025.
It's taken 5 MONTHS for a breakout, which we have only gotten as of TODAY.
THere are a number of reasons for the upside and the upside to come including:
📉 Reduced Safe-Haven Demand for Yen
Improved U.S.-China trade relations have lessened global economic uncertainties, diminishing the appeal of the Japanese Yen as a safe-haven asset.
🔄 Widening UK-Japan Yield Differential
The divergence in monetary policies, with the UK maintaining higher interest rates compared to Japan's accommodative stance, has increased the yield differential, attracting investors to the Pound.
And let's look at the technicals which are LEADING the analysis.
W Formation
Price>20 and 200MA
Target 205.66
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBPJPY Sell Setup- Go for sell when setup given
- Refine entry with smaller SL for better RR
- keep looking for sell even if price goes one more up
- in any case GJ has to come down
_______________________________________________________________________
"I Found the Code. I Trust the Algo. Believe Me, That’s Everything."
GBPJPY Sell Setup – Closing the Weekend Gap
The market opened with a clear gap and price has now pulled back into a premium zone. I’m shorting here with a 1:2 risk-reward targeting the gap fill below. If momentum holds, we should see price drive back toward the 193.10 region.
📉 Risk: 1%
🎯 Reward: 2%
🔍 Timeframe: 15m
Let’s see how she plays out 👀
GBPJPY 230 pip up?GBPJPY Multiple timeframe analysis and possible trade setup :
Monthly : Sharp rejection from a long term monthly support after a false breakout
Weekly : Previous week candle close with bullish pin bar and possible bounce back to the monthly high
Daily : There was daily support false breakdown @190 level then return back up with strong momentum
4H : Possible trade setup, bullish on slight pullback to the downside, possible target @195.60
If you enjoy this analysis like and any questions do not hesitate to ask in the comments
GBPJPY TREND
📈 GBPJPY – Bullish Breakout | Long Setup Active 🇬🇧💴
GBP/JPY is showing a clear bullish structure on the 1H chart. Price has broken above a key resistance zone and reclaimed the 200 EMA with strong momentum and volume. This marks a potential trend reversal and the beginning of an uptrend.
🔹 Entry: 193.400
🔹 Stop Loss: 192.935 (below recent support)
🔹 Take Profit: 195.720
🔹 Risk/Reward: Solid R:R setup
🔹 Confirmation: EMA flip + bullish engulfing candle + strong volume
Looking for a minor pullback to the breakout zone for continuation. Bullish bias remains valid as long as price stays above 193.000.
📊 #GBPJPY #Forex #TradingSetup #PriceAction #TechnicalAnalysis #FXTrading #BreakoutTrade #EMA200 #Bullish #JPY #BritishPound #TrendReversal