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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBP/JPY Elliott Wave Count Warns of Impending Sell-OffThe GBP/JPY pair has just completed a 5-wave downtrend, which ended around early April. Since then, the price has been moving higher in what appears to be a typical A-B-C corrective pattern — a common move that occurs after a major downtrend in Elliott Wave Theory. We are currently in the final wave (C) of this correction, and within that, it appears that Wave 5 of C is now unfolding. This final wave appears to be nearing its end, and the price is approaching a strong resistance area between 196.813 and 197.513. T1: 193.735 T2: 192.133 SL: 198.252 ❌ Invalidation Level: If the price closes above 198.252, this Elliott Wave count is likely wrong. That could mean the market is preparing for a bigger rally instead.
by Money_Dictators
GBP/JPY 4H Chart Analysis – Bullish Channel Setup📈 Trend: Price is moving in an ascending channel 🔵 Support line below 🔴 Resistance line above --- Key Zones & Levels: 📍 Demand Zone (Buy Area): Between 191.753 – 194.016 Price might bounce here before continuing up 🔵 Likely pullback expected here 🎯 Target Point: 202.500 🚀 If price respects the demand zone, this is the upside target 🟢 Entry Point: Around 193.964 – 194.016 Optimal buying zone before the projected rise ❌ Stop Loss: Below 191.700 🛑 Placed to minimize losses if price breaks down --- Indicators: 📉 EMA (70): Currently at 192.816 ✅ Acting as dynamic support --- Trade Plan Summary: 🔄 Wait for a retracement into the Demand Zone 🛒 Enter long near 193.964 ⛔ Stop loss at 191.700 🎯 Target at 202.500
Long
by Jameshead007
31
GBPJPY Ascending channel breakdown selling from supply zone📉 GBPJPY Analysis – 4H Timeframe by Livia 😜 We’ve seen GBPJPY break below the ascending channel, confirming downside momentum. Price has already completed a textbook retest of the supply zone around 196.000, showing strong rejection. 🟢 Sell Entry Activated: 195.800 This level aligns perfectly with the breakdown structure and prior support turned resistance. 🎯 Technical Targets: 1️⃣ First Target – 192.600 (key structural support) 2️⃣ Second Target – 190.600 (major swing low & potential demand area) 🔍 Outlook: Bias remains bearish while price holds below 196.200. Expect increased volatility near 193.000 but momentum favors continued downside. Risk wisely, trade smart. Let’s ride this wave 🌊 #GBPJPY #ForexTrading #PriceAction #TechnicalAnalysis #LiviaTrades
Short
by LIVIATRACK
1
GBPJPY up trend and resistance breakout bullish strong now📈 GBPJPY Trade Alert – Strong Bullish Momentum! Timeframe: 1H Trend: Uptrend 🔼 Status: Resistance Breakout Confirmed 💥 OANDA:GBPJPY has broken through key resistance at 194.200, confirming a bullish continuation pattern. Price is now retracing back to the breakout zone — a textbook retest-entry opportunity for swing and intraday traders. 🧠 🔹 Entry Zone: 194.200 (Previous Resistance Turned Support) 🔹 Technical Target #1: 196.200 🔹 Trend Bias: Bullish 🔹 Confirmation: Breakout + Retest Setup 🔹 Risk Management: SL just below 193.800 (structure support) 📊 This setup aligns with momentum and market structure — watch for bullish candlestick confirmation before entering. Patience pays! Trade smart, Livia 😉✨ #GBPJPY #ForexSetup #BreakoutRetest #PriceAction #ForexSignals
Long
by LIVIATRACK
2
GBP/JPY – Bullish Flag Breakout Setup | wk-6We're observing a bullish flag pattern forming on the GBP/JPY 1-hour chart — a classic continuation pattern that often signals the resumption of the uptrend after a brief consolidation. With price coiling tightly and momentum building, we are placing a Buy Stop trade setup just above the flag’s resistance to catch the breakout confirmation. Trade Setup Details: Pair: GBP/JPY Timeframe: 1H Pattern: Bullish Flag Trend: Bullish Entry (Buy Stop): 195.687 Stop Loss (SL): 194.324 Take Profit 1 (TP1): 197.050 (1:1) Take Profit 2 (TP2): 198.413 (1:2) Lot Size: 0.12 Risk/Reward Breakdown: Trade 1: Risk $100 / Reward $100 (1:1) Trade 2: Risk $100 / Reward $200 (1:2) Total Risk: $200 Total Potential Reward: $300 ✅ Trade Rationale: ✅ Bullish Flag: Classic continuation pattern in a strong uptrend ✅ Breakout Entry: Buy Stop placed above resistance for confirmation ✅ Strong Risk Management: Two trades with calculated R:R ratios ✅ Momentum Aligned: Market conditions favor further upside 🔗 Hashtags: #GBPJPY #BullishFlag #ForexBreakout #TechnicalAnalysis #ForexTrading #BuyStop #ChartPatterns #BullishContinuation #SmartTrading #RiskReward #TradingSetup #PriceAction #TradingView
Long
by asimafridi
GBP/JPY) Bullish pullback analysis Read The ChaptianSMC trading point update Tchnical analysis for GBP/JPY (British Pound / Japanese Yen) on the 4-hour timeframe. Here’s a breakdown of the trading idea and structure: --- Key Technical Elements: 1. Support Zones: Orderblock Zone (small yellow box near 192.15): Price is currently hovering around this area, which acts as a demand zone. Main Support Level (larger yellow zone around 190.00): A deeper pullback may test this level if the orderblock fails. 2. EMA 200 (192.167): Price is fluctuating around the 200 EMA, showing indecision. A strong bounce above this moving average could indicate bullish momentum resuming. 3. RSI Indicator: RSI is neutral (~47.80), leaving room for upside movement without being overbought. 4. Projected Price Path: Two potential bullish scenarios: A bounce from the orderblock leads straight to a rally. A deeper dip into the support level forms a double bottom or liquidity grab, followed by a strong reversal. 5. Target Point: The projection shows price rising to 196.368, which is a prior high and significant resistance. --- Trade Idea Summary: Bias: Bullish Entry Zone: Primary: Around 192.15 (orderblock) Secondary (deeper entry): Around 190.00 (support level) Confirmation: Bullish engulfing candle or strong wick rejection near entry + price reclaiming 200 EMA Target: 196.368 Invalidation: Break and close below 189.80 (support zone violated) Mr SMC Trading point --- Risk Management & Notes: Good R:R potential if entering near support with a stop below 189.80. Watch for confirmation before entry — especially if price dips to the lower support. Macroeconomic events (UK or Japan central bank decisions) could impact volatility. Pales support boost 🚀 analysis follow)
Long
by SMC-Trading-Point
31
GBPJPY is Holding above the SupportHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
A quick buy GBP/JPY Buy Setup – Targeting the Next Leg Up from Key Order Block The GBP/JPY pair is currently presenting a promising long setup on the 1-hour chart. After a strong bullish rally that broke significant highs, the market has pulled back and is consolidating near a previously defined bullish order block in the 193.865–193.418 region. This zone aligns with an earlier accumulation area that fueled the breakout above the previous weekly high (PWH), making it a high-probability area for bullish continuation. The structure remains bullish, with higher highs and higher lows intact. Below the order block lies a 4H liquidity-protected low around 192.878, further supporting the idea of a bullish defense at this level. A buy from the order block area offers a favorable risk-reward opportunity. Potential upside targets include: 195.450 – minor resistance and potential TP1 196.736– secondary target (previous swing high) 198.022 – major target aligned with projected bullish continuation As long as price respects the protected low and order block, buyers have control, and a move toward higher targets remains likely. Note: Always manage your risk. A daily close below the order block or a break of the protected low could invalidate this setup.
Long
by Michael_ict_jr