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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBPJPY H4 I Bearish Drop Based on the H4 chart, the price is approaching our sell entry level at 194.59, which aligns with a strong resistance level and the 61.8% Fibonacci retracement. This level is expected to act as a potential reversal point in the bearish setup. Our take profit is set at 192.99, near a key support level where price may find buying interest. The stop loss is placed at 196.08, above the previous swing high, providing room for price fluctuations while ensuring the bearish setup remains valid. 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. 68% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.
Short
by FXCM
GBPJPY → The CBJ has raised rates. What's in store for the pair?FX:GBPJPY experienced an attempt to break through resistance and rise, but failed to realize the intention as traders do not believe in bullish movement due to the actions of the Central Bank of Japan The Central Bank of Japan raised the rate by 0.25% to the highest since 2008. The bank sees accelerating inflation, a slowing economy and is likely to raise the rate further if inflation continues to rise. Fundamentally, the situation may trigger a fall in the currency pair, but it may be restrained due to the Pound's strength against the Dollar. Nevertheless, I assess the situation regarding a false break of resistance from the technical part, and from the fundamental part from the Japanese action, as they are targeting the medium term. Resistance levels: 193.00 Support levels: 192.00, 190.55 Another attempt to retest resistance before a further drop is possible. Traders are starting to build up longs on the Yen, which may lead to a bearish correction of the currency pair. Regards R. Linda!
Short
by RLinda
16
GBPJPY am currently monitoring GBPJPY, as I believe the pair is poised for a bullish trend reversal. After observing recent price action, it seems that GBPJPY has reached a critical support level at 191.300, which has historically acted as a significant zone for potential price bounces. Given the strong market dynamics, I expect that this level will hold, setting the stage for a possible upward reversal. Looking ahead, my target for this potential bullish move is around the 194.700 level. This price target aligns with key resistance zones and recent market structure, suggesting that if the bullish reversal materializes, GBPJPY could make its way towards this area. Key factors I’m considering for this outlook include: Support at 191.300: This level has provided a solid base for the pair, and any break above this zone could signal further strength. Bullish Momentum: Indicators are beginning to show signs of upward momentum, which aligns with my expectation of a trend reversal. Market Sentiment: I’m closely watching overall market sentiment, especially as it pertains to GBP and JPY fundamentals, which could play a role in fueling the upside potential. I will be watching for confirmation of the reversal in price action, and I’ll look for higher highs and higher lows as the trend shifts. If the price begins to break key resistance points along the way, this will further validate the upward move toward 194.700. As always, risk management is key, and I will be watching for any signs of invalidation below 191.300, which could suggest a reassessment of the trade. Stay tuned for updates, and good luck to all traders!
Long
by The_fx_GreyTrader
GBP Weakness vs. JPY Strength: A Clear Sell Opportunity for GBP/GBP Analysis: Bearish Sentiment Recent data for the British Pound (GBP) highlights economic struggles that paint a bearish outlook: S&P Global Services PMI Flash (24 Jan '25) Forecast: 50.9 Previous: 51.1 A decline in the forecast reflects slowing growth in the services sector. If the actual reading falls below 50, it would signal contraction and further weaken the GBP. S&P Global Manufacturing PMI Flash (24 Jan '25) Forecast: 47 Previous: 47 A flat forecast at 47 indicates continued contraction in manufacturing. Any negative surprises here could increase selling pressure on the GBP. GfK Consumer Confidence (23 Jan '25) Forecast: -18 Previous: -17 Declining consumer confidence suggests weaker spending and economic growth. A lower-than-expected actual reading would likely hurt GBP sentiment further. Unemployment Rate (21 Jan '25) Actual: 4.4% Forecast: 4.3% Previous: 4.3% A rising unemployment rate indicates a weakening labor market, a clear bearish signal for the GBP. JPY Analysis: Bullish Sentiment The Japanese Yen (JPY) continues to show strength, driven by key economic improvements: Inflation Rate YoY (Dec 19, 2024) Actual: 2.9% Previous: 2.3% Higher inflation raises expectations for tighter monetary policy, which is bullish for the JPY. BoJ Interest Rate Decision (Dec 18, 2024) Actual: 0.25% Forecast: 0.25% Previous: 0.25% Although unchanged, the BoJ may need to respond to rising inflation in the future, which would support the JPY. Balance of Trade (Dec 17, 2024) Actual: -117.6 billion Forecast: -688.9 billion Previous: -461.2 billion A massive improvement in the trade balance strengthens the JPY, reflecting robust export activity. GBP vs. JPY: Head-to-Head GBP Outlook: Bearish across multiple indicators, with weakness in services, manufacturing, consumer confidence, and the labor market. JPY Outlook: Bullish due to rising inflation, trade balance improvement, and the potential for future monetary tightening. Conclusion: A Clear Sell Probability for GBP/JPY The data strongly favors the Japanese Yen over the British Pound. With GBP weakening and JPY strengthening, the probability of a continued downtrend in GBP/JPY is high Rating: Sell GBP/JPY GBP Sentiment: ★☆☆☆☆ (Weak) JPY Sentiment: ★★★★☆ (Strong) Overall Recommendation: ★★★★☆ (Sell GBP/JPY) This setup presents a compelling opportunity for sellers, as the divergence between the two currencies grows clearer. Stay updated and trade with caution! 📉
Short
by jshafx
GBP/JPY - WEEKLY OULOOKThis chart into super easy to breakdown so it'll require higher understanding of Liquidity and unmitigated areas. Starting in high TF Price is Bullish, many people will disagree with that statement but we didn't break the recent swing low there for we are still Bullish. On the Higher TF we are also just pushing out of the Daily TF as of previous candle before market closure. This Higher TF consolidation phase we are currently in has been pushed of the previous HTF Mitigation Block followed by a slightly smaller Mitigation Block which then had a Bullish move. Above this Consolidation we can notice there is a Higher TF Imbalance which is acting currently as resistance. As we know is Resistance levels the more those levels are touched the more chances we have of a possible break through towards a BOS. Finally we can notice on the Higher TF that we have had a valid liquidity grab suggesting the Bearish Pullback has finished. On the smaller TF we can now notice that price is infact Bullish once again. We have a market out level for the smaller TF Fib for discount zones. Aiming to fill that previous sell side Imbalance we have our Entry at the beginning wick of the Mitigation Block. Good Luck to all the traders that follow
Long
by jamesibartram
GBPJPY is testing uptrend channel supportGBPJPY is testing a strong support line in the correction phase, which was formed inside the uptrend forming on the weekly timeframe. False breakout and price consolidation above the line indicates that buyers are trying to defend their limits. Ahead of the CPI report, if it is weak like yesterday's PPI, the currency pair may rise. Scenario: The price consolidation after the false breakdown of the support above 190.6 191.0 will signal that the currency pair is ready to continue the uptrend and may show the price strengthening to 192.9 - 194.8.
Long
by AndeWave
2
GBP/JPY "The Guppy" Forex Market Heist Plan on Bullish🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the GBP/JPY "The Guppy" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉 Entry 📈 : Traders & Thieves with New Entry A bull trade can be initiated at any price level. However I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Using the 2H period, the recent / nearest low or high level. Goal 🎯: 198.500 (or) Escape Before the Target Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Fundamental Outlook 📰🗞️ Based on the fundamental & macro analysis, I would expecting a bullish outlook for GBP/JPY "The Guppy" Forex Market Fundamental Analysis----- 1. Interest Rate Differential: The Bank of England (BoE) and the Bank of Japan (BoJ) have different interest rate policies. A higher interest rate differential between the two countries can make GBP/JPY more attractive to investors, potentially driving up the pair. 2. Inflation Rates: UK inflation rates have been relatively high compared to Japan. Higher inflation in the UK can lead to higher interest rates, making GBP/JPY more attractive. 3. Economic Growth: The UK's economic growth has been slower than expected, while Japan's economy has shown signs of improvement. A stronger Japanese economy can lead to a weaker GBP/JPY. 4. Trade Balance: The UK's trade balance has been in deficit, while Japan's trade balance has been in surplus. A worsening trade balance in the UK can lead to a weaker GBP/JPY. Macro Analysis----- 1. Global Risk Appetite: GBP/JPY is considered a risk pair, meaning it performs well when global risk appetite is high. A decrease in global risk appetite can lead to a weaker GBP/JPY. 2. Central Bank Policies: The BoJ's monetary policy has been more dovish than the BoE's. A more dovish BoJ can lead to a weaker JPY, making GBP/JPY more attractive. 3. Geopolitical Tensions: Geopolitical tensions, particularly between the US and North Korea, can lead to a safe-haven flow into JPY, weakening GBP/JPY. 4. Commodity Prices: Japan is a major importer of commodities, so higher commodity prices can lead to a weaker JPY, making GBP/JPY more attractive. Current Market Situation----- - The BoE has maintained a hawkish tone, while the BoJ has remained dovish. - UK inflation rates have been relatively high, while Japan's inflation rates have been low. - Global risk appetite has been decreasing due to trade tensions and geopolitical uncertainty. Bullish Factors----- - Higher interest rate differential between the UK and Japan - Stronger UK inflation rates - Weaker JPY due to the BoJ's dovish monetary policy Market Sentiment: Market Mood: The current market mood is cautiously bullish, with a slight bias towards buying the GBP/JPY pair. Speculative Positioning: According to the Commitment of Traders (CoT) report, large speculators (such as hedge funds and institutions) are net long the GBP/JPY pair, indicating a bullish bias. Market Trends: The GBP/JPY pair is currently trading in a range-bound market, with a slightly bullish trend. News and Events: Recent news and events, such as the UK's economic growth and Japan's economic stimulus, have been supportive of the GBP/JPY pair. Technical Indicators: Technical indicators, such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), are indicating a bullish trend. Disclaimer---Sentiment & Fundamental analysis is subjective and based on publicly available data. It should not be considered as investment advice. Trading forex involves risk, and you could lose some or all of your investment. Always do your own research and consider multiple sources before making a trade. Trading Alert⚠️ : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
Long
by Thief_Trader
GBPJPY at Key Support – Bullish Bounce ExpectedOANDA:GBPJPY is approaching a significant support zone. The current market structure suggests the potential for a bullish reaction if price action confirms rejection through signals such as bullish engulfing candles, long lower wicks, or increased buying volume. If the support holds, I anticipate a move upward toward the 193.300 level, aligning with the expectation of a short-term reversal. However, if the price breaches this zone and sustains below it, the bullish outlook may be invalidated, potentially opening the door for further downside. Traders should remain cautious and wait for confirmation before entering long positions. Monitoring candlestick patterns and volume at this critical support zone is essential for identifying buying opportunities. Proper risk management is advised to navigate potential volatility.
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.
Short
by syomking76418
GBPJPY triggers bearish triangle patternThe Bank of England (BoE) has reduced its interest rate by 0.25 percentage points to 4.5%, marking the third cut since August. This decision reflects concerns over economic stagnation and persistent inflation. Concurrently, the Bank of Japan (BoJ) has increased its short-term policy rate from 0.25% to 0.5%, the highest level in 17 years, signaling confidence in achieving its 2% inflation target. These contrasting monetary policies have exerted pressure on the GBP/JPY currency pair, which has recently broken through a triangle pattern, indicating a potential sharp decline of approximately 1,000 pips. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Short
by ThinkMarkets
The Grizzly is on the prowlPlz be patient and wait for pullback to the orange lines around 618 fib level.. Then sell this pair and take profits at the 200 fib level on the bottom (purple lines) which is the next level of support Stop-loss above the orange lines which was last support area which is now resistance However if price rejects at the black lines around the 189.895 go ahead and sell there it is safe and also a stronger level of resistance than the orange lines Just sell at the black lines 189.895 and take profits at 188.600 However 🤔 if price breaks thru resistance the orange lines wait for a pullback and buy back up to the last level of resistance
Short
by SETITAND4GETIT