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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBP/JPY: The Pound's Power PlayGBP/JPY is poised for a bullish move due to several key factors. First, the GBP is showing strength against the JPY, supported by recent positive economic data from the UK, including stronger-than-expected GDP growth and rising consumer confidence. Additionally, the Bank of England has indicated a more hawkish stance on interest rates, which is likely to continue supporting the Pound. In contrast, the Japanese Yen remains under pressure due to Japan's ongoing ultra-loose monetary policy, with the Bank of Japan maintaining low interest rates and a weak currency outlook. The price action on the 15-minute chart shows that GBP/JPY has recently bounced off a strong support level near 196.80, confirming the potential for a continued upward movement. A break above the recent consolidation range indicates a higher probability of the pair testing the next resistance zone around 199, making this a solid target for profit-taking. The entry level at 197.132 represents a strong point to take advantage of bullish momentum, with the stop loss set just below the key support at 196.800 to protect against potential downside risk. The take profit target of 199 is aligned with a reasonable risk-to-reward ratio, as this level represents the next major resistance point. Overall, the combination of favorable GBP fundamentals, weak JPY fundamentals, and a solid technical setup supports the view that GBP/JPY is likely to continue its bullish trajectory toward the 199 level, making this a promising trade opportunity with a manageable risk profile.
by Area618
GBPJPY long idea So looking to go long around 196.500 area, Caught some sells from the top trend line It’s been bouncing off it for a couple days now The bottom trend line is a daily one which it has respected a good few times now. So it’s looking like a falling wedge , which indicates it’s gonna go burst up and go long. I want it to take the weekly low from last week then it will be good time to go long just be patient 👌🏾 This isn’t a signal just my view on GJ and also using this for future references
Long
by TheRogueChef
3
GBPJPY Will Move Lower! Short! Here is our detailed technical review for GBPJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 197.995. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 193.732 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
3
GBPJPY TREND BASE TRADEExpecting a trend-following buy trade from the current price level. The overall market trend is bullish, with a recent breakout of resistance that led to a new high. Now, the market is retesting this former resistance on the daily chart, which we’re viewing as support. On the 1-hour chart, a double-bottom pattern has formed, and its neckline has broken. We’ll look to enter a trade on the retest. Entry 197.247 Sl 196.75 Target's 197.84 , 198.07 & 198.35
Long
by ArtOfTrading33
GBP/JPY H1 | Approaching swing-low supportGBP/JPY is falling towards a swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 196.83 which is a swing-low support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 196.33 which is a level that lies underneath a pullback support. Take profit is at 197.64 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
Don't miss the great SEE Opportunity in GBPJPYGBP/JPY pair on the 4-hour timeframe with a few important technical zones highlighted: 1. **Supply Zone (Red Zone at the top)**: This red box represents a supply zone where previous selling pressure occurred, causing the price to reverse downward. It is likely a resistance area where price may encounter sellers if it revisits. 2. **Demand Zone (Blue Zone at the bottom)**: The blue box at the bottom represents a demand zone where buying interest previously pushed the price higher. This is likely a support level where buyers might step in if the price retraces back to this area. 3. **Expected Price Movement (Black Zig-Zag Line)**: The zig-zag line indicates a potential short-term pullback within the current trend. It suggests that the price may initially move lower before reversing and moving up towards the green target zone. 4. **Entry and Target Levels (Green Zone)**: The green box represents a potential long trade setup. The entry zone appears to be around the lower limit of the green box, which is approximately 196.250, with a target level towards the top of the green zone near 198.850. 5. **Change of Character (CHoCH)**: The label "CHoCH" marks a potential reversal in trend, signaling that the downtrend could be ending, and an upward move might be likely if price reacts favorably in the demand zone. 6. **Break of Structure (BOS)**: The label "BOS" indicates that the price structure has shifted, which often implies a potential change in the trend or a breakout from previous price levels. ### Summary Based on this setup, the analysis suggests waiting for a pullback to the demand zone around 196.250, where a buy entry could be considered. The price target for this setup appears to be near 198.850, with a stop-loss likely below the demand zone to limit downside risk.
Long
by forexcitysignal
1
Detailed Analysis of GBP/JPY (1H) Chart 1. Harmonic Patterns (Likely Bat or Gartley) The marked points labeled "A", "B", "C", and "D" form a harmonic pattern. Harmonic patterns use Fibonacci retracement levels, often aiming for precision with levels like 0.618, 0.786, and 1.618. The Fibonacci retracement values are visible on the chart (e.g., 0.618 and 0.786), indicating key levels where price is expected to react. 2. Elliott Wave Count The chart shows a likely Elliott Wave count, where the current structure is labeled with Roman numerals (I, II, III). Wave III has an extension, typically a strong impulse wave, often exceeding the 1.618 level. The labeling around these waves helps identify potential entry or exit points based on the wave completion and correction expectation. 3. Fibonacci Extensions and Retracements The levels labeled 1.618, 1.786, and 2.000 are common Fibonacci extension levels used to project possible reversal points. The "CONFIRMATION" level at 1.618 suggests that if price reaches this, it aligns with a wave target, while the "INDUCEMENT" level at 1.786 might serve as a stop-loss area or profit target. These levels indicate areas of confluence where traders expect significant support or resistance. 4. Volume Profile and Inducement Levels There’s a volume profile along the left side of the pattern, giving insights into where most trading volume occurred during the price movements. "Inducement Wave 3" suggests a likely resistance zone that could trap traders or lead to a reversal. 5. Zones of Confluence The shaded red and green zones highlight areas of high confluence, where multiple technical factors align, often strong areas for potential reversals or breakout setups. For example, the zones above Wave III are potential resistance levels, aligned with key Fibonacci extensions. 6. Trade Setup Labels Labels like "LONG 2 SHORT 4" and "SHARP 2 SHALLOW 4" indicate potential entry points or setups. They suggest specific plays based on wave structure, where "LONG" and "SHORT" relate to anticipated corrective patterns. 7. Invalidation and Risk Management "INVALIDATION WAVE 0" shows a critical level where the trade idea or wave count would be invalidated if price breaches it, an essential risk management tool. Key Takeaways This chart combines harmonic patterns, Elliott Wave, Fibonacci levels, and volume analysis, aiming for high-probability trade setups. Focus on high-confluence zones like 1.618-2.000 Fibonacci extensions for entries/exits. Manage risk by setting invalidation points and noting potential inducement areas to prevent getting trapped.
Long
by spacedevil
5
GBPJPY $$$ as i expected from last day analysis market reached the low point that i specified and start to pump up now at this point in the area that i specified we can take short with LTF CONFIRMATION and maybe it is possible that the market will move towards high liquidity and after the confirmation that in the low time frame will fall down, in any case it is possible to fall but mates will gather that when liquidity is taken and market make a BOS then the market is bullish and we can go buy BE PATIENT .
Short
by aryaaparsii