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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBP/JPY – Rejection at Resistance! Bears Ready to Strike?GBP/JPY has surged into a key resistance zone around 191.200, where price has previously reacted strongly. A rising wedge pattern and bearish rejection candle suggest a potential reversal is underway. I’ve entered a short position at 191.046, anticipating a drop back toward the 189.900 demand zone. This setup offers a clean 1:3 risk-to-reward with confluence from structure, trendlines, and momentum shift. Trade Details: • Entry: 191.046 • Stop Loss: 191.445 (above resistance) • Take Profit: 189.926 (previous demand/support zone) • Bias: Bearish reversal • Timeframe: 30m Let’s see if the bears take control!
Short
by Profx001
GBP/JPY Price Action Update – April 25, 2025📊GBP/JPY Price Action Update – April 25, 2025 🔹Current Price: 191.199 🔹Timeframe: 15M 📌Key Supply Zone (Resistance): 🔴192.000–192.400 – Major Intraday Supply Zone (expect rejection or reaction) 📌Key Demand Zone (Support): 🟢190.600–190.800 – Strong Demand Zone (previous bullish rally base) 📈Bullish Outlook: Price is recovering from the 190.600–190.800 demand zone. A break above 191.400 could fuel further bullish momentum toward the 192.000–192.400 supply area. Watch for bullish continuation patterns. 📉Bearish Outlook: If price faces resistance below 191.400 and fails to continue higher, a pullback toward the 190.800 zone is possible. Watch for strong rejection candles at key levels. ⚡Trade Setup Tip: ✅Buy on demand zone retests or bullish break above 191.400 ✅Target partial profits near 192.000 ✅Use tight SL below the latest bullish push for safe R:R #GBPJPY #ForexTrading #SmartMoneyConcepts #PriceAction #SupplyAndDemand #BreakOfStructure #IntradaySetups #FXFOREVER #MarketUpdate #TechnicalAnalysis
Short
by FXFOREVER_87
GBPJPY Bullish Setup: Demand Zone Hold and COT Support Price action on GBPJPY is currently respecting a key demand zone around 190.00. After a strong bullish impulse and a corrective pullback, the pair is now showing signs of continuation. The volume profile shows significant accumulation below, supporting the idea of a strong base for further upside movement. Additionally, the latest Commitments of Traders (COT) report indicates an increase in long positions and a reduction in shorts among noncommercial traders, suggesting a bullish sentiment in GBP. Plan: • Watching for continued bullish momentum above 190.00–190.50. • Targeting a breakout towards 193.00 and above. • Invalidation if price closes significantly below the 190.00 zone. Key Points: • Strong demand zone holding. • Bullish COT data. • Higher highs and higher lows structure. Risk Management: • Stop loss below the demand zone. • Partial profits along the way.
Long
by Profx001
GBP/JPY full Elite Validity Check Current Price (bid/ask) & Spread** | **191.26 / 191.29 Timestamp (EST)** | 2025-04-27 00:42 | Risk-Level Tag | **Medium** (post-week-end gaps possible) | Bias Confirmation Checklist** | **HTF trend ✅ • Confluence ✅ • Fundamentals ⚠️** | Trade-Confidence | **Technical Edge High / Event Risk Low ⇒ Overall High** | --- ## 1️⃣ Technical Outlook * **Weekly & Daily:** clear series of higher highs/lows since March; price holding above 20-DMA (189.90) * **H4:** bullish channel; last impulsive leg 190.00 → 191.75, minor pullback now testing 190.80 structure support. * **Structure & Liquidity:** clean OB @ 190.00-190.20; equal-high liquidity pool 192.50-192.70 waiting above. * **Volume Confirmation:** Friday NY close printed +32 % vs. 20-day H4 average, validating breakout. 3️⃣ Indicators Snapshot * **RSI (14) H4:** **60.3** — healthy momentum, not overbought * **MACD D1:** histogram expanding ↑, signal above zero (bullish) * **ATR (14) H1:** **≈ 30 pips** * **Tick/Vol:** last breakout candle = +32 % vs. average --- ## 4️⃣ Fundamental & Sentiment Radar | **Upcoming 48 h Events** | *None* for GBP or JPY until BOJ Core CPI (Tue 19:00 EST) – outside 24 h window | **COT Snapshot** | Spec longs in JPY futures remain net-short (-54 k contracts) – weak yen backdrop ( | **Retail Sentiment** | IG sentiment: ~63 % shorts → contrarian bullish bias (page cached) | | **Risk Mood** | Nikkei 225 up 0.8 % last session; global equity tone supportive of risk-on crosses | **Dollar Index (DXY)** | Flat at 99.58; neutral spill-over ( | **Currency Strength** | OANDA meter: GBP strong +/ JPY weak - (top-right quadrant) ( --- ## 5️⃣ Market Drivers & News Black-Out Zones * **Red-Flag Windows:** BOJ Core CPI Tue 19:00 EST; Fed speakers Wed AM — no new entries inside 6 h. * **Intervention Risk:** None flagged (MoF silent; ¥150 line well above) ( --- ## 6️⃣ Trade Considerations (BEES v2) * **Entry Trigger:** M15 bullish engulf from 190.00-190.20 **with > 20 % vol spike**. * **Rejection Filters:** avoid round-number chop at 191.00 if Asia stalls; skip if RSI H1 > 75. ## 8️⃣ Execution Checklist - ☑ HTF trend aligned (W1/D1 up) - ☑ Trigger vol > 20 % - ☑ Outside 6 h red-flag window - ☑ Confidence = **High** - ☑ Price not inside 50 -pip no-trade zone --- ## 9️⃣ Smart Flow & Volatility Map ```mermaid flowchart LR Bias(Long) --> Trigger(M15 engulf + vol) Trigger --> Entry Entry --> SL & TP SL & TP --> Manage(Trail after TP1) Manage --> Exit ``` *Avg pip ranges:* Asia 45 | London 110 | NY 85 — best momentum **03-06 EST**. --- ## 🔟 Scenario Planner | Path | Description | RR | |---|---|---| | **A – Clean Move** | London sweep 190 → drive to 192.50 | **1 : 3** | | **B – Deep Pullback** | Fake-break 189.80 then bounce | 1 : 2 | | **C – Failure** | H4 close < 189.50 ⇒ flip bias short | -1 R | --- ## ✅ Final Recommendation **Directional Bias:** **Long** GBP / JPY **Go / No-Go:** **YES** — Score 9 / 10 (meets BEES, fundamentals supportive; event risk low). **Mindset Reminder:** “Plan the trade, trade the plan — if volume & trigger don’t align, walk away.” ---
Long
by wojoforex
GBP/JPY TRADE ALERT! GBP/JPY TRADE ALERT! Potential Trend Reversal Ahead! Current External Trend: BULLISH Do you agree with our Daily Time Frame Forecast? Market has given a CIDS (Candlestick Inside Day Setup), we'll enter after retesting CIDS. Get ready to trade! Potential Trend Reversal Ahead! Current External Trend: BULLISH Do you agree with our Daily Time Frame Forecast? Market has given a CIDS (Candlestick Inside Day Setup), we'll enter after retesting CIDS. Get ready to trade!
Short
by twb1122
GBPJPY on the Launchpad – Retrace Before the Blast? Description: GBPJPY has broken structure and is respecting the ascending trendline with strong bullish momentum. Price is currently pushing higher but may retest the demand zone around 189.800 – 190.100 before launching toward the 195.000+ supply area. Volume profile shows heavy accumulation below, adding confluence to the potential bullish continuation. Trade Idea: Entry: On a pullback to the green demand zone SL: Below 189.500 TP: 195.000+ Bias: Bullish continuation following trendline support + demand reaction Eyes on the retest — buying the dip could be golden.
Long
by Profx001
GBP/JPY Hourly Analysis & Scalping Perspective 10:30pm 4/24Looking at the GBP/JPY 1-hour chart, I see price currently hovering around 190.164, showing mild bullish momentum but still respecting key resistance levels. Here’s my breakdown: Market Structure & Key Zones: Price has been bouncing between 190.00 and 190.40, suggesting a short-term consolidation phase. 190.30-190.40 is acting as a liquidity zone—if buyers can push through this level, we could see upside toward 190.60-190.75. On the flip side, 190.00 remains a psychological support level, and a break below it could lead to a sweep toward 189.70-189.50, where previous demand has existed. Momentum Indicators: RSI (1-hour): 45.09 → Momentum is neutral, meaning price isn’t aggressively overbought or oversold. CCI (1-hour): 81.05 → Mild bullish strength, but nothing parabolic yet. Stochastic RSI (1-hour): 100.0 → This is overbought, which signals a possible pullback before further upside. Directional Strength: ADX (1-hour): 13.28 → Weak trend strength, confirming the possibility of range-bound movement. DX (1-hour): 3.67 → Not an explosive directional move yet, meaning a breakout needs confirmation. Scalping Plan: Bullish Play: If price breaks 190.40, my next upside targets are 190.60-190.75. Bearish Play: A rejection from 190.30-190.40 could drive price back toward 190.00 or lower. Liquidity Grab Scenario: If price sweeps below 190.00, institutional absorption might trigger a strong reversal, making 189.70-189.50 a potential buying zone. At this point, I’m watching price action closely—especially around 190.30—for signs of buyer exhaustion or a sudden momentum shift. Would I enter a trade right now? Not just yet. I’d want further confirmation, possibly volume profile analysis, to see if institutions are positioned for continuation or a reversal.
by Sel_Ali