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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBPJPY Will Go Higher From Support! Buy! Take a look at our analysis for GBPJPY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 190.245. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 193.925 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
2
GBP/JPY Analysis - H1 Prediction for 06/02/2025*GBP/JPY Analysis - H1 Prediction for 06/02/2025* 📉 **Bearish Bias with Possible Retracement** 🔹 **Current Price:** **190.182** 🔹 **Key Resistance Levels:** - **191.002 - 191.141** (FVG & 0.618 Fib) - **191.633 - 191.839** (Liquidity & FVG Zone) 🔹 **Market Outlook:** - **Price may retrace towards 191.002 - 191.141 before potential rejection.** - **Failure to break above 191.839 keeps the bearish bias valid.** - **A clean break above 192.471 shifts momentum bullish.** 🔹 **Trade Setup:** ✅ **Sell Zone:** **191.002 - 191.141** (Watch for rejection signals) ✅ **Target:** **190.000 and below** ✅ **Invalidation:** **Sustained breakout above 191.839** #GBPJPY #ForexAnalysis #SmartMoneyConcepts #PriceAction #FVG #ForexTrader
Short
by FXFOREVER_87
GBPJPY BEST INTRADAY SETUPThis analysis focuses on the GBP/JPY 1-hour chart, highlighting key supply and demand zones. Resistance Zone (191.600 - 192.000): If price retraces to this level, a rejection could lead to a further drop. Support Zone (190.200 - 190.400): Price is currently reacting to this area. A break below could trigger a deeper move. Major Demand Zone (189.500 - 189.700): If the current support fails, price may head toward this strong demand area, potentially providing a long opportunity. Possible Scenarios: Bullish Case : If price holds above 190.400 and breaks the 191.600 resistance, we could see an upward push. Bearish Case : A rejection from 191.600 or a break below 190.200 may lead to a drop toward 189.600. Stay cautious and watch price action confirmations before entering trades! 🚀
Long
by naumanfx_
7
BoE will reduce key rate? Hello All! 📉 Long-Term Trading Idea – Short GBP/JPY 📉 On the daily chart of GBP/JPY, a triangle in wave B of a potential zigzag appears to have formed. A breakout below 189.98 will confirm this pattern and could trigger a long-term decline. 📊 Trade Setup: 🔹 Entry: After a breakout below 189.98 🔹 Target Zone: 172.00–177.00 🔹 Expected Duration: 1–3 months 🔹 Risk/Reward Ratio: 1:10 ⚠ Fundamental Catalyst: Tomorrow, the Bank of England will announce its interest rate decision. If the BOE cuts rates, the difference between the UK and Japan’s interest rates will narrow significantly, potentially fueling the expected downside move. ⚡ Conclusion: If 189.98 breaks and the BOE lowers rates, we anticipate a strong bearish impulse. Stay tuned for the Bank of England’s decision and be ready for potential short opportunities!
Short
by AUREA_RATIO
GBPJPY Short Trade IdeaI'm Already in a short on GBPJPY with the following setup: Entry: 191.592 Stop Loss (SL): 191.930 Take Profit (TP): 190.032 Trade Rationale: The price action on GBPJPY has shown signs of bearish pressure, suggesting a potential reversal as the pair approaches key resistance levels. This setup is based on technical analysis signals, including a confluence of resistance and a weakening momentum in the GBP versus the JPY. The stop loss is strategically placed just above the resistance area, while the take profit targets a critical support level, offering a favorable risk-to-reward ratio. Strategy Considerations: Risk Management: Tight SL placement helps contain potential losses if the market briefly moves against the trade. Market Monitoring: Look for confirmation signals at the entry point and keep an eye on overall market sentiment, particularly any news impacting GBP or JPY. This short setup aims to capitalize on a brief correction in GBPJPY, and I'll be closely monitoring price action for any signs of a reversal or increased volatility. Happy trading!
Short
by Maxsight
1
GBPJPY at Key Support: Potential Rebound AheadOANDA:GBPJPY is approaching a key demand zone, marked by prior price reactions and significant buying pressure. This zone has historically acted as strong support, suggesting the potential for a bullish reaction if buyers step in. If the price confirms a rejection from this demand zone, I anticipate an upward move toward the 191.450 level, which aligns with a logical retracement level. Traders should look for bullish confirmation signals, such as bullish engulfing candles or a series of higher lows, to validate potential long positions.
Long
by DanieIM
1
Trading minute impulseOn the minute timeframe of GBPJPY at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Long
by syomking76418