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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBP/JPY Poised for Bullish Breakout Amid Yen WeaknessGBP/JPY Poised for Bullish Breakout Amid Yen Weakness The GBP/JPY pair appears to be accumulating volume within a large triangle pattern, indicating a potential breakout in either direction. My focus is on a bullish move. The Japanese Yen is showing signs of weakness due to diminishing hopes for further rate hikes from the Bank of Japan (BoJ). A price move above the triangle pattern is likely to push GBP/JPY to new highs. The first target is approximately 150 pips, the second target around 250 pips, and the third target nearly 370 pips. You may find more details in the chart! Thank you and Good Luck!
Long
by KlejdiCuni
5
GBPJPY GBP/JPY Analysis Summary Technical Analysis - Trend: GBP/JPY is in an uptrend, with the 10, 50, and 200 EMAs indicating bullish momentum. Price has recently been trading above these EMAs, suggesting continued upward pressure. - Resistance and Support: Resistance is near 198.80 and 199.35, while support can be found around the 198.00 level, which aligns with the buy zone. - Indicators: The Squeeze Momentum Indicator (SQZMOM) shows bullish momentum with green bars, but it’s not at extreme levels, indicating a steady rather than sharp increase in buying power. Fundamental Analysis - Bank of England (BoE): The BoE has been raising interest rates in response to inflation, supporting a stronger pound. UK inflation has recently slowed but remains a consideration for future policy adjustments. - Bank of Japan (BoJ): The BoJ continues its dovish stance, with no immediate plans to raise interest rates, as confirmed by BoJ board member Adachi. This policy divergence between the BoE and BoJ favors GBP/JPY long positions. - Market Sentiment: Traders expect GBP/JPY to maintain an upward trajectory, with some forecasts suggesting it could reach 203 by the end of 2024 if fundamentals remain favorable. Trade Plan - Buy Zone: Enter at 198.00 - 198.50. - Stop Loss: Set at 197.00 - Take Profit: - First TP: 199.80 (near resistance). - Second TP: 202.00 (for a more extended bullish target). This setup leverages the strong technical trend and fundamental support from the BoE-BoJ policy gap. Keep an eye on unexpected policy changes, particularly from Japan.
Long
by azizy73
GBPJPYGBPJPY . Potential long opportunity. This is an update on the previous analysis we have posted. We have been waiting on the break of our KL (Key Level) 195.971 . Today we broke that level and made a pullback to our PBA 1 (Pullback Area) . We believe that GBPJPY will continue to the upside with next levels to target at 199.180 where our TP (Take Profit) is sitting at. We were trading between our PBA’s since start of the month. Our SL (Stop Loss) is above our PBA 2 at 194.339 . Breaks below PBA 2 would result in break to the downside and we would see the price reach even lower prices. PARAMETERS - Entry: 195.774 - SL: 194.339 - TP: 199.180 KEY NOTES - GBPJPY has broken below our KL (Key Level) 195.971. - We have retested PBA 1 (195.600) - Break below our SL could result in deeper pullbacks and breaks of PBA 2. Happy trading! FxPocket
Long
by FxPocket
2
GBPJPY → Buyers increase positions to break 195.5 ↑FX:GBPJPY continues to climb purposefully towards 195.5, forming a consolidation in the form of an ascending triangle. The goal of this maneuver is to break the resistance with further continuation of the upward movement... The bulls are trying to keep the defense above the key support at 193.5. The change of the fundamental background for JPY strengthens the sales of the national currency, which favorably affects, in our case, GBP. As a consequence, the market starts testing 195.5 with the aim of a breakout. GDP in UK remained at the same level of 0.2%. There is important news ahead - PPI. Based on the previous economic data, we can assume that PPI will also support the dollar, which will negatively affect the JPY. On the background of this influence, the bulls will be able to overcome the key resistance. Support levels: 193.5, 191.7, 190.0 Resistance levels: 195.5 The acutal situation on the chart is directed towards the continuation of the movement. The market structure is changing, the fundamental background is on the side of the buyer. We are waiting for the breakthrough of the key resistance (trigger) and the continuation of growth... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPJPY ;) Regards R. Linda!
Long
by RLinda
8
GBPJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
GBPJPY Bullish ScenarioToday, we will analyze GBPJPY Specific explanations are provided for each zone and movement on the chart. If you have any opinions, feel free to share them in the comments section. Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.
Long
by Biaxar
Trades are like buses... Miss one? Catch the next! GBPJPY longGreetings fellow traders! Bullish Purge and Revert in progress in GBPJPY . The purging 1h candle's high is broken and we have the confirmation . Long till 197.630 . Adding to it, the market is in discount of the dealing range and as I've already pointed out, I'm bullish on JPY pairs. I expect the market to move to higher targets at 197.900 and 198.435 . Still, the lowest hanging fruit at 197.630 is our objective. Enjoy the weekends... Take rest and replenish your mental strength for the next week . Disclaimer- All content is for educational purposes only and not trading advice.
Long
by SatyajeetSahai
GBPJPYHello guys TechPips here this is my personal view on gbpjpy market as been bullish on daily and they are beginning to lose momentum or Liquidity since new high as been created so I am expecting a bearish run on daily in this new week we are entering so in my 1hr timeframe I am expecting the bears to break the trend and redirect the trend then I will look for an entry to swing for few days. NOTE : Risk management is Important in trading so kindly apply it if you are join the ride. All action made by you based on your capital is your responsibility so trade with caution and be smart in taking trades.
Short
by Skul_Fx
GBPJPY Buy trade activated Oct 25 2024Another simple trade using the knowledge of supply and demand, liquidity capture, london session and new york session. This was an intraday trade -> buy limit using mt4. Always pay attention to the manipulations and Session you are trading, orderflow will always respect the higher timeframe. First analysis of this trade was from Daily structure to 1h structure. Refinement : Using 15 min TF to find optimal entry. RR: 6:1 #smarttrading #supplydemand
Long
by glyrad