Get started

JAPANESE YEN / BRITISH POUND

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

JPYGBP trade ideas

GBPJPY - 12/09/2024 Market AnalysisYesterday, GBPJPY created a significant low and found strong support around the 184.000 level, leading to a bullish rejection and forming a daily candle with clear rejection signals. Given this price action, there are potential buy setups to watch for during the London session. However, it's important to stay cautious as we have PPI news scheduled for 10:30 PM, approximately 30 minutes after the New York open. This data release is known for its volatility, so it's advisable to wait for the news to pass before entering any trades to avoid unnecessary risk.
by arpitdahal
1
gbpjpy longMoving Averages: The price is currently trading above the 50-period and 200-period moving averages, which is a strong bullish signal. This suggests that the overall trend is upward1. Relative Strength Index (RSI): The RSI is hovering around 60, indicating that the pair is not yet overbought and has room to move higher1. MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, and both are above the zero line, indicating bullish momentum1. Chart Patterns: There is a potential bullish flag pattern forming, which typically indicates a continuation of the current uptrend2. Overall, the technical indicators suggest a bullish outlook for GBP/JPY on the H4 chart. However, it’s always important to keep an eye on economic news and events that could impact the currency pair. Would you like more detailed information on any specific indicator or pattern?
Long
by Mansa_Musa_Capital
1
gbpjpy longMoving Averages: The price is currently trading above the 50-period and 200-period moving averages, which is a strong bullish signal. This suggests that the overall trend is upward1. Relative Strength Index (RSI): The RSI is hovering around 60, indicating that the pair is not yet overbought and has room to move higher1. MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, and both are above the zero line, indicating bullish momentum1. Chart Patterns: There is a potential bullish flag pattern forming, which typically indicates a continuation of the current uptrend2. Overall, the technical indicators suggest a bullish outlook for GBP/JPY on the H4 chart. However, it’s always important to keep an eye on economic news and events that could impact the currency pair. Would you like more detailed information on any specific indicator or pattern?
Long
by Mansa_Musa_Capital
Overlap resistance ahead?GBP/JPY is rising towards the resistance level which an overlap resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 187.87 Why we like it: There is an overlap resistance that lines up with the 38.3% Fibonacci retracement. Stop loss: 189.83 Why we like it: There is a pullback resistance that aligns with the 61.8% Fibonacci retracement. Take profit: 184.86 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
GBP/JPY Faces Bearish Pressure with Key Support Levels in FocusGBP/JPY Technical Analysis Current Outlook: The price of GBP/JPY is currently trading near the pivot zone, showing bearish momentum. It appears poised for further downside, as it is struggling to hold above key support levels. Best Scenario: The downtrend scenario is the most likely, with the price pushing lower toward the support zone. If the price breaks below 184.11, it could further decline towards the next major support at 182.49 and potentially reach 180.18, otherwise stability above 186.400 means will try to touch 188.200 Key Levels: Pivot Zone: 186.37 Resistance Levels: 188.29, 191.58, 193.29 Support Levels: 184.11, 182.49, 180.18 Expected Range Today: The price is expected to move between 186.37 and 184.11, with a bias toward further downside pressure. Overall Trend: The overall trend remains bearish, especially if the price breaks below 184.11, signaling further downside potential. Stabilization above the pivot zone at 186.37 could shift the trend, but for now, the downtrend dominates. previous idea:
Short
by SroshMayi
GBPJPY SELL TRADE PENDING ORDER SEPT 11This trade come to fruition during CPI news release. I set the pending order during New york Session after gbpusd selling pressure. Confluence of this pair along with USDJPY. As you can see there was a previous Break of Structure to the downside on the previous day. I wait for an opportunity for Asian session to create supply and then wait for the supply area to setup my sell limit. Activated at around 9AM EST. Tap and then leaving the zone with a 3:1 RR. If you keep on studying and giving a lot of patience in this industry, Im sure all your hardwork will pay off. KEEP THE FAITH. #Wyckoff #SuppyandDemand Confluence ( 4h BEARISH - 1h BEARISH Structure)
Short
by glyrad
GBPJPY | Trade ideaOn Tuesday, the yen gained support as Bank of Japan Governor Kazuo Ueda maintained a hawkish stance, indicating the central bank might raise rates further if the economy meets expectations. Ueda’s comments were part of a document presented to a government panel led by outgoing Prime Minister Fumio Kishida, where he detailed the BOJ’s July policy decision. His remarks emphasized that despite global market volatility, partly triggered by the BOJ's July rate hike, Ueda remains committed to raising borrowing costs if the bank’s projections are realized.
Long
by DynamicCapital-FX
GBPJPY Technical Analysis and Trade Idea👀👉 The GBPJPY pair has exhibited a decisive breakdown of critical support zones on multiple timeframes, signaling a potential acceleration of the prevailing bearish trend. This technical development aligns with the broader market dynamics, suggesting further downside pressure may be imminent. ## Technical Analysis The recent price action has carved out a bearish structure, with lower highs and lower lows forming on both the daily and 4-hour charts. This pattern typically precedes further bearish momentum, potentially driving the pair towards previous swing lows. ## Trading Strategy My approach to this market scenario is rooted in strategic patience. I'm closely monitoring for a potential retracement to the 50-61.8% Fibonacci zone, which often acts as a magnet for price in trending markets. This area could present a high-probability entry point for a short position, aligning with the overarching bearish sentiment. ## Risk Management It's crucial to emphasize that while the technical setup appears compelling, market dynamics can shift rapidly. Prudent risk management dictates waiting for clear price action confirmation before committing capital. This may involve looking for bearish reversal candlestick patterns or a rejection of key resistance levels within the identified Fibonacci zone. ## Market Structure The current market structure suggests that sellers are in control, with each rally being met with increased selling pressure. This behavior often precedes significant moves to the downside, particularly if key support levels are breached with conviction. Remember, this analysis is based on current market conditions and is subject to change. Always conduct your own due diligence and never risk more than you can afford to lose in the volatile forex markets. 📈✅
Short
by tradingwithanthony
2