GBPJPY is Holding above the SupportHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
🟢This Chart includes_ (GBPJPY market update)
🟢What is The Next Opportunity on GBPJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
JPYGBP trade ideas
GBPJPY uptrend support at 196.75Key Support: 196.75
This level marks the prior consolidation zone and serves as a critical pivot. A corrective pullback toward 196.75 followed by a bullish reversal would validate the uptrend, with upside targets at:
199.20 – Initial resistance and short-term target
199.70 – Minor resistance zone
200.40 – Longer-term breakout objective
However, a daily close below 196.75 would invalidate the bullish scenario, potentially triggering a deeper retracement toward:
195.80 – Near-term support
194.80 – Key downside level in a bearish reversal
Conclusion:
As long as 196.75 holds, the bias remains bullish, favoring continuation toward the 199–200 zone. A confirmed break below this support would shift momentum, opening the door for a broader corrective decline.
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GBP/JPY BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
It makes sense for us to go long on GBP/JPY right now from the support line below with the target of 198.556 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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4H CHoCH Formed – Short from Supply with CautionHello Traders,
Today we’ve seen a Change of Character (CHoCH) form on the 4-hour chart after price broke above the higher time frame’s weak high (HH) from yesterday. This suggests we’re now in a bearish counter-trend pullback phase. Trading short from the 4H supply zone with lower time frame (LTF) confirmation presents a high-probability setup.
However, keep in mind that on the daily chart, price is reacting from a Fair Value Gap (FVG) or imbalance zone, meaning there’s still a chance price could push higher. So using LTF confirmation before entering shorts is essential.
Will GBPJPY uptrend continue??Price is at a crucial point where traders are beginning to watch what’s likely to happen next in the market. Is market likely to continue to trade higher? From the technical standpoint, if price continues to rise and break the 200.000 level we will look for a buy opportunity in this market.
British Pound / Japanese Yen - 4H Chart (OANDA)4-hour chart from OANDA displays the GBP/JPY currency pair's price movement, with the current price at 199.248 (+0.024 or +0.01%). The chart highlights a recent upward trend, breaking through a resistance level around 199.274, with buy and sell indicators at 199.274 and 199.220 respectively. Key price levels include a high of 199.923 and a low of 198.188, with the chart spanning from June to early August 2025.
GBPJPY Shown Good Pullback after hitting Swing HighAs share earlier GJ show good bullish move and hit swing high. After hitting swing has given a good pull back and entered into the trade. The engulfing hourly candle showing strong pullback which will possibly go further down to retest a demand zone and an area.
GBP/JPY H4 | Falling toward a pullback supportGBP/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 198.60 which is a pullback support that aligns with the 23.6% Fibonacci retracement.
Stop loss is at 197.80 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement.
Take profit is at 200.94 which is a resistance that aligns with the 161.8% Fibonacci extension.
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gbpjpy sell setup🔍 Key Concepts in This Setup:
1. Break of Structure (BOS) – Bullish Shift
The BOS shows that price has broken above a previous swing high, signaling a shift from bearish to bullish market structure.
This confirms bullish intent and opens the door for pullback buys.
2. Fair Value Gap (FVG) – Blue Zone
This imbalance zone is created when price aggressively moves up, leaving a gap.
Price is expected to return to this area to fill orders before continuing up.
3. Bullish Order Block – Orange Zone
A bullish order block (OB) is marked just below the FVG.
It represents the last bearish candle before a bullish impulse — an area where institutions may re-enter long positions.
4. PDL Sweep (Previous Day Low)
Price took out the previous day’s low (PDL) and then reversed.
This is a liquidity grab – a classic smart money move before shifting bullish.
5. Premium to Discount Retracement
Price moved from a discount zone after sweeping lows and breaking structure.
Now waiting for a retracement back into a discounted FVG/OB zone to enter a buy.
✅ Buy Entry Plan:
Entry Zone: Around the FVG + OB confluence (196.90–197.10 area).
Confirmation: You might wait for bullish PA (price action) like a bullish engulfing or lower-timeframe BOS at the FVG.
Stop Loss: Below the order block or just under 196.79.
Target: Back to recent highs near 198.10 or even the supply zone (SS) above it.
GBPJPY Extremely BullishAs described earlier GJ is extremely bullish and wants to target previous swing. current trading at 199.400 and travelling to the 199.857 which is previous swing high. In my yesterday's analysis I have given clue of GJ's being retracing and accumulating and going up again same is showing. We can see a pullback after taking swing high.