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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBPJPY Trade IdeaThe GBP/JPY trades weak on board-based Pound weakness. It hit an intraday low of 191.61 and is currently trading around 191.818. Intraday trend is bearish as long as resistance 193 holds. Market expectations are that the Bank of England (BoE) is going to reduce interest rates in 2025 because of concerns over the growth of the economy and inflation. Analysts expect the BoE to lower the rate five times, which would bring down the current rate from 4.75% to around 3.5% by the end of the year. The UK economy is slowing down with growth forecasts reduced to 0.9%. Although inflation has just fallen to 2.5%, the prospect of rising again may mean that the BoE is keen on reviving the economy. The February 6, 2025, BoE meeting will be crucial because there is a strong possibility that an immediate rate cut will take place. Technical Analysis of GBP/JPY The GBP/JPY pair is trading below 34 and 55 EMA (Short-term) and 200 EMA (long term ) on the 4-hour chart, confirms a overall bearish trend. Immediate resistance is at 192.85; a breach above this level targets of 193.36/194/195/195.60/196.25/197. Downside support is at 191 with additional levels at 190/188.70/188. Market Indicators CCI (50)- Bearish Directional movement index - Neutral It is recommended to sell on rallies around 192.18-20 with a stop-loss at 194.10 for a TP of 188.
Short
by adiechiii
GBPJPY Will Go Higher! Buy! Here is our detailed technical review for GBPJPY. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 191.954. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 192.882 level. 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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBP/JPY $$$ So, there are 3 scenarios for GJ: Scenario 1: After the formation of a bullish MSS and the formation of an order block and with the confirmation, we enter a buy trade. Scenario 2: After the breakdown of this area and the retest of the order block formed from the breakdown with confirmation, we enter a sell trade to the Asian floor or the 4-hour zone. Scenario 3: After the collision with the 4-hour zone with the formation of a 15-minute MSS and a 5-minute confirmation, we enter a buy trade.
by aryaaparsii
Bearish drop?GBP/JPY is rising towards the pivot which is a pullback resistance and could drop to the 1st support which acts as a pullback support. Pivot: 192.49 1st Support: 190.55 1st Resistance: 193.70 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. ICmarkets Following Unfollow IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity. Also on:
Short
by ICmarkets
GBP/JPY Breakdown Bears Take Control After Trend ReversalThis chart represents the British Pound to Japanese Yen currency pair on the two-hour timeframe. A clear breakdown from a previously established uptrend structure has triggered a short position. The trade setup is based on price action breaking below a key support level, confirming a shift in market sentiment toward bearish momentum. The short entry was taken after the price broke below the ascending trendline and retested the level as resistance. The stop-loss is positioned above the recent high to mitigate risks in case of an invalidation. The take-profit target is set near 188.311, aligning with a key demand zone and a possible area of price reaction. The trade exhibits a strong risk-to-reward ratio, ensuring a balanced approach to downside potential. With momentum favoring sellers, this setup remains valid as long as the price sustains below the broken support level. A clean follow-through to the downside would confirm further selling pressure.
Short
by wolfchemist
GBP/JPY +100 PIPS 0 drawdown , Did You Enter ?Now our trade running in +100 Pips 0 Drawdown , and we have a very important news tomorrow , so be sure to book your profits and secure your trade before Tomorrow News . This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Short
by FX_Elite_Club