Get started

JAPANESE YEN / BRITISH POUND

No trades
See on Supercharts
Overview
Ideas
Discussions Technicals Seasonals Economic Calendar

JPYGBP trade ideas

GBPJPY View!!An FX option note from Societe Generale highlights the potential for EUR/GBP to bounce with relative rates and suggests taking advantage of low option prices to benefit. EUR/GBP has lost 3.5% since early August highs above 0.8600, which is consistent with the widening GBP-EUR rate differential. Soc Gen rates strategists think the market is pricing in more than enough ECB rate cuts in a soft-landing scenario, while the BoE will struggle to remain restrictive. In this context, the strategists expect the EUR-GBP rate differential to rebound imminently, lifting EUR/GBP with it. They also highlight how relative economic surprises are now also pointing upwards.
Short
by FXBANkthe8055
GBPJPY / TRADING BELOW FVG - 4HGBPJPY / 4H TIME FRAME HELLO TRADERS The price is under bearish pressure (declining) while it is trading below a "Fair Value Gap" (FVG) between the levels of 194.180 and 192.122. Friday Drop: On Friday, the GBP/JPY dropped by 3.03%, and the decline is still ongoing. Support Levels: If the price remains below the FVG, the decline is expected to continue, with the price potentially reaching 188.272, and if it breaks below that, the next target is demand zone between 184.596 and186.510. Reversal Scenario: Conversely, if the price breaks above the FVG (specifically above 194.180) and stabilizes, it could signal a rise. The first upward target is 196.037. To confirm an uptrend, the price would need to break above 196.037 and also break out of a price channel, with a final target of supply zone between 198.200 and 199.474.
Short
by ArinaKarayi
GBPJPY POTENTIAL SHORT OPPORTUNITYHello Everyone! How are you all? GbpJpy is a pair to watch this week, because it has shaped up very nicely for a sell trend continuation that we can capitalize on. So, I will be looking for a sell continuation because of the following reasons: 1. The overall trend is bearish 2. The price has formed a continuation structure. 3. The price is rejected the value area. Game Plan: If the price forms a 15mins flag with two highs and lows. Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
Short
by DTreasureMarketHub
Why Institutions Are Rushing to Sell GBP/JPY!The overall outlook for GBP/JPY remains bearish, with price action favoring a drop below these support levels as the yen strengthens and market sentiment turns cautious following Japan’s CPI data. Expect continued volatility throughout the week, particularly as traders react to macroeconomic updates and shifting institutional flows. I expect the GBP/JPY pair to move lower in the coming sessions, largely driven by macroeconomic factors out of Japan and current price action dynamics. Key Drivers: 1. Japan's CPI Decline: Japan's Consumer Price Index (CPI) dropped from 2.4% to 2.0%, reflecting softer inflationary pressures. This reduces the likelihood of any imminent tightening measures from the Bank of Japan, potentially leading to further yen strength as the CPI miss could weaken the argument for monetary normalization. The yen's appreciation should drive GBP/JPY lower. 2. Technical Analysis: - On the daily chart, GBP/JPY is trading near the key resistance level of 188. A break below this level could trigger further downside movement. - On the weekly chart, there is potential for a move down to 185, which coincides with an important support zone. A breach of 185 would likely expose the next major support level around 180, a psychological barrier and key level for traders. 3. Institutional Activity: Within an hour of the CPI release, institutional flows shifted decisively to the bearish side, a clear indication of how major market players are positioning themselves. This move reinforces the downside pressure and suggests that further bearish momentum could follow in the short term. Short-Term Targets: - First Support: 188 (key level) - Next Support: 185 (near-term downside target) - Further Support: 180 (longer-term support zone) As the week unfolds, pay close attention to price action around the 188 and 185 levels for confirmation of continued bearish momentum, with 180 as the next major target. Disclaimer: The information provided in this projection is for informational purposes only and should not be considered as financial or investment advice. Forex trading involves substantial risk, and you should carefully consider your financial situation before participating in such markets. Past performance is not indicative of future results, and market conditions can change rapidly. I am not a licensed financial advisor, and this projection reflects my personal opinion based on current market data and analysis. You are advised to conduct your own research or consult a professional before making any trading decisions.
Short
by NYHTSTAR
1
GBPJPY → A sideways range is forming. Emphasis on resistance...FX:GBPJPY is strengthening after forging a double bottom at 184.0. It is also favored by the JPY correction on the back of the dollar correction after the unpredictable reaction to the US interest rate cuts... The currency pair may continue its decline from the resistance zone 192-193.5. This is facilitated by a number of nuances: Japan still holds the course for further strengthening of interest rates in order to save the value of the national currency. The dollar may continue its fall after traders come to their senses after the US interest rate cuts.... Overall, this tandem can have a strong impact on the JPY strength and on the currency pair as a whole, allows to form a medium-long term strategy on the currency pair. Technically, I am waiting for a false breakdown or bounce from the mentioned resistance zone with the subsequent decline to the liquidity zone.... Resistance levels: 191.4, 193.48, 193.97 Support levels: 190.5, 186.7 BUT! If the bulls manage to consolidate above 193.97, then an upward impulse may be formed, because at the moment the environment (technical and fundamental background) is still tense... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPJPY ;) Regards R. Linda!
Short
by RLinda
11
GBPJPY - Look for Continuation Long (SWING) 1:6!GBPJPY has rebounded from the HTF support level, breaking the trendline in alignment with a bullish market structure, indicating strong buying activity. There's currently no sign of reversal. On the HTF, a solid double bottom has formed, suggesting market sentiment may push the price higher. This is further supported by the recent BOJ decision, showing no urgency to raise interest rates, reinforcing the bullish momentum. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_
GBPJPY-Go long above 193.32(15 min trading strategy for intradayGBPJPY tradin in a narrow range between 191.76 and 193.32 in past two days.It hits a low of 192.51 at the time of writing and is currently trading around 193.23. Intraday trend is bullish as long as support 192.40 holds. Technicals (15 min chart) The pair is trading above short-term 34,55 EMA (190.23 and 191.72) and long-term 200 EMA (191.51) in the 15-minute chart. The near-term resistance is around 193.32,a breach above targets 193.70/194.14 The immediate support is at 192.80, any violation below will drag the pair to 192.40/192/191.70. Indicator (15 min chart) CCI (50)- Bullish Average directional movement Index - Bullish. All indicators confirm a bullish trend. It is good to buy above 193.32 with SL 192.80 for a TP of 194.15/194.50.
Long
by FxWirePro
Analysis of GBP/JPY on 4H Time FrameAnalysis Breakdown Elliott Wave Structure The chart shows a complete 5-wave impulse that started around the 178.375 level and extended upwards near 197.58, where Wave 5 is approaching its end. The following breakdown highlights each significant movement: Wave 1 (Red) initiated from the low at 178.375 and set the foundation for the upward impulse, followed by Wave 2, which retraced but respected key Fibonacci levels. Wave 3 (Red) marked a strong rally, typically the longest and most extended in Elliott Wave structures, reaching levels around 191.000. This was followed by Wave 4, which consolidated and retraced again but did not breach critical support. Wave 5 (Red), nearing completion, reaches a high of around 197.58, where the price has begun to show signs of exhaustion. The wave count suggests that Wave 5 could be nearing an end, and the market is primed for a corrective movement. Fibonacci Retracement Levels The retracement levels have been drawn from the low at 178.375 to the current high around 197.58, marking potential key support levels for the anticipated correction. 0.236 Retracement: 193.414 0.382 Retracement: 191.570 0.5 Retracement: 190.000 These levels are critical to watch for in the next phase, as they are potential targets for price retracements after the completion of the impulsive Wave 5. Invalidation & Risk Management The invalidation level is set at 198.820. Should the price break above this level, the Elliott Wave count would be invalidated, suggesting that the bearish outlook would no longer hold. This serves as a stop-loss point for traders, indicating when to exit a short position. The chart suggests a risk-to-reward ratio of approximately 1:3.85, meaning the potential profit from a successful trade setup would outweigh the risk by a factor of 3.85. Corrective Outlook (Wave A, B, C) With Wave 5 near completion, the chart suggests the start of a corrective phase consisting of three corrective waves labeled as A, B, and C. Wave A: The initial drop is expected to bring the price to the first Fibonacci level around 193.414. Wave B: A potential short-term rebound before further declines. Wave C: Expected to complete the correction around the 0.382 Fibonacci level (191.570), though it could extend to the 0.5 Fibonacci level (190.000), depending on the strength of the correction. This suggests a bearish outlook in the next two weeks, with key targets below the 193.000 level. Volume Profile & Point of Control (POC) The Point of Control (POC) at 199.900 represents a strong resistance level where a large volume of trades has occurred. Given that the price is currently near this area, it acts as a potential cap for any upside movement. Below the POC, the chart suggests that downside pressure could increase as sellers dominate the market, especially after breaching key Fibonacci retracement levels. Support Zones Support Line - SC Accumulation (4H): Around 178.375, this zone indicates where significant buying pressure was observed in earlier phases, marking a long-term support level for the pair. Phase C Support: The market could eventually revisit the Phase C support zone near 180.000, indicating a significant bearish move is possible if the corrective wave extends beyond the initial retracement targets. Conclusion The technical analysis of the GBP/JPY pair on the 4-hour time frame suggests that the pair is nearing the end of an upward 5-wave Elliott impulse. After reaching a high around 197.58, the price is expected to enter a corrective A-B-C wave structure. The first corrective target lies at the 0.236 Fibonacci retracement of 193.414, followed by the 0.382 retracement near 191.570. The analysis identifies potential support and resistance levels, alongside an invalidation level at 198.820, which should serve as a key risk management point. Over the next two weeks, a bearish correction is expected, with targets below 193.000 and potentially reaching the 190.000 level, depending on the strength of the upcoming retracement. Traders should prepare for a potential short-selling opportunity, with a focus on key Fibonacci retracement levels and resistance zones near the POC at 199.900.
Short
by spacedevil
5