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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBP/JPY) bullish trend analysis Read The ChaptianSMC trading point update Technical analysis setup for the GBP/JPY pair on a 4-hour timeframe. Here's the breakdown of the trading idea: --- Key Concepts Highlighted: 1. Support Trend Level (Yellow Zone): The yellow zone marks a strong confluence area: Horizontal support from previous price reactions. Trendline support that has held multiple times. Close to the 200 EMA (at 191.833), which acts as dynamic support. 2. Bullish Reversal Pattern: The chart shows a rounded bottom/cup-like structure forming at support—often a sign of accumulation before a reversal. Price is expected to bounce from this support zone and move higher within the ascending channel. 3. Target Point Projection: The projected move is around 515.8 pips, targeting the 197.949 level. This target aligns with the upper boundary of the ascending trend channel. 4. RSI (Relative Strength Index): RSI is around 43–44, near oversold territory, suggesting potential bullish momentum if a bounce occurs. Mr SMC Trading point Conclusion: This setup suggests a potential long (buy) opportunity: Entry near the 193.0–193.5 zone (support/trendline confluence). Stop loss likely below the 200 EMA (~191.5 area). Target arounSMC trading point update Technical analysis setup for the GBP/JPY pair on a 4-hour timeframe. Here's the breakdown of the trading idea: --- Key Concepts Highlighted: 1. Support Trend Level (Yellow Zone): The yellow zone marks a strong confluence area: Horizontal support from previous price reactions. Trendline support that has held multiple times. Close to the 200 EMA (at 191.833), which acts as dynamic support. 2. Bullish Reversal Pattern: The chart shows a rounded bottom/cup-like structure forming at support—often a sign of accumulation before a reversal. Price is expected to bounce from this support zone and move higher within the ascending channel. 3. Target Point Projection: The projected move is around 515.8 pips, targeting the 197.949 level. This target aligns with the upper boundary of the ascending trend channel. 4. RSI (Relative Strength Index): RSI is around 43–44, near oversold territory, suggesting potential bullish momentum if a bounce occurs. Mr SMC Trading point Conclusion: This setup suggests a potential long (buy) opportunity: Entry near the 193.0–193.5 zone (support/trendline confluence). Stop loss likely below the 200 EMA (~191.5 area). Target around 197.95, offering a good risk/reward ratio. The idea is based on trend continuation, a bounce from confluence support, and RSI support for bullish reversal. Pales support boost 🚀 analysis follow )
by SMC-Trading-Point
18
GBP/JPY 4H Chart Analysis – Bullish Channel Setup📈 Trend: Price is moving in an ascending channel 🔵 Support line below 🔴 Resistance line above --- Key Zones & Levels: 📍 Demand Zone (Buy Area): Between 191.753 – 194.016 Price might bounce here before continuing up 🔵 Likely pullback expected here 🎯 Target Point: 202.500 🚀 If price respects the demand zone, this is the upside target 🟢 Entry Point: Around 193.964 – 194.016 Optimal buying zone before the projected rise ❌ Stop Loss: Below 191.700 🛑 Placed to minimize losses if price breaks down --- Indicators: 📉 EMA (70): Currently at 192.816 ✅ Acting as dynamic support --- Trade Plan Summary: 🔄 Wait for a retracement into the Demand Zone 🛒 Enter long near 193.964 ⛔ Stop loss at 191.700 🎯 Target at 202.500
Long
by Jameshead007
19
GBPJPY: Will Price Touch a Major Psychological Point Of 200? The GBPJPY currency pair is currently struggling to break through the 194 region as the Japanese yen (JPY) consolidates, making the future price trajectory uncertain. This situation has significantly complicated trading JPY pairs. Analysing historical price behaviour in similar circumstances can provide insights into potential future movements, but it’s crucial to conduct thorough research before engaging in trading. Past performance doesn’t guarantee adherence to chart trends. The Japanese yen (JPY) also exhibits a negative correlation with the US dollar (USD). Given our bullish stance on the DXY index in the coming days, we anticipate substantial pressure on the JPY, potentially leading to a significant decline. It’s also worth considering the GBP, which has surged to prominence as one of the most sought-after currencies since the market opened earlier today. In the meantime, we recommend setting two take-profit targets: one at 197 and another at 199. These levels are likely to witness substantial bearish volume entering the market. We wish you successful trading and emphasise the importance of adhering to safety protocols. We appreciate your unwavering support and encourage you to contribute by liking, commenting, or sharing our ideas. Team Setupsfx_ ❤️🚀
Long
by Setupsfx_
10
Lingrid | GBPJPY potential Short-Term RetracementFX:GBPJPY broke above the March high but immediately reversed, forming a fake breakout paired with bearish divergence. This signals potential exhaustion as the pair sits near the upper boundary of the resistance zone. A pullback toward 194.200 or deeper into the 192 area appears increasingly likely. 📌 Key Levels Support level: 192.338 Invalidation level: Above 196.500 Target area: 194.200 and possibly 192.338 ⚠️ Risks Continued bullish pressure could invalidate the bearish reversal setup A sustained hold above 196 would point to trend continuation toward 198+ Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
7
Lingrid | GBPJPY possible Channel BREAK Bearish MoveThe price perfectly fulfilled my last idea . FX:GBPJPY is consolidating after a strong rally toward the March high. Price is now testing support near 193.8, where the ascending trendline and prior breakout zone converge. A failure to hold this level may open the door for a drop toward 191.000. However, bulls remain in control while price stays above trend support. 📈 Key Levels Buy zone: 193.0 – 193.8 Buy trigger: bounce from trendline with bullish momentum Target: 196.3 Sell trigger: break below 193.0 💡 Risks Weak UK data may trigger bearish sentiment. Yen strength due to safe-haven flows could pressure GBPJPY. Break of trendline may lead to deeper correction below 191. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
5
GBPJPY → Return to range. Possible price decline.FX:GBPJPY is forming a local bearish trend amid a correction in the dollar. The price is returning to the range and entering strong resistance. Amid a correction in the dollar, the Japanese yen is strengthening, putting pressure on the currency pair. GBPJPY is returning below a strong level (within the range) and consolidating in the selling zone, which could trigger a continuation of the decline towards areas of interest. Technically, the global trend is neutral and the currency pair is forming a rebound from strong downward resistance. If the bears keep the price below 193.45 - 193.74, the local downward trend may continue. Resistance levels: 193.45, 193.74, 194.22 Support levels: 193.04, 192.35, 191.65 Price consolidation below 193.74 - 193.45 will confirm that bears are holding the range resistance. The sell-off may continue, and in this case, the price will head towards the indicated zones of interest and liquidity. Best regards, R. Linda!
Short
by RLinda
3
GBPJPY - Bullish No More!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈As per our last GBPJPY analysis (attached on the chart), it rejected the lower bound of the rising blue channel. What's next? GBPJPY is currently approaching the upper bound of its falling trend marked in red. Moreover, the green zone is a strong structure and resistance. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of structure and upper red trendline acting as a non-horizontal resistance. 📚 As per my trading style: As #GBPJPY approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TheSignalyst
6
GBP/JPY (British Pound / Japanese Yen) trade idea.The chart represents a trade setup for GBP/JPY on the 1-hour timeframe. Here's a breakdown: Key Zones and Levels: Entry Zone: Highlighted between approximately 195.653 and 196.200 This is where the trader expects price to reverse and start moving downward. Stop Loss (SL): Set at 196.896 If price moves above this level, the trade idea is invalidated. Target 1: Set at 193.634 A partial take-profit level where the trader might secure some gains. Final Target: Set at 191.542 – 191.569 This is the ultimate take-profit level if the trade goes as planned. Expected Price Action : Price is expected to enter the Entry Zone, then reverse downward. It may consolidate or make a pullback, then continue dropping. The move is expected to reach Target 1, followed by the Final Target.
Short
by m_zeeshan3644
1
GBP/JPY Breaks Above 196.00! Continuation or Distribution?Detailed Techno-Macro Analysis – GBP/JPY GBP/JPY has just completed a significant weekly structure breakout, pushing through a key supply zone between 195.00 and 196.30 — an area that historically acted as strong resistance. The breakout occurred via a high-volatility daily candle that closed above the zone, indicating strong bullish pressure. 🔍 Structure & Price Action Price action shows higher lows and higher highs: a clearly defined bullish structure. The breakout originated from an accumulation base, following a false bearish breakout below 188.50 (bull trap). RSI is around 70 on the daily timeframe → strong momentum, but signs of potential exhaustion. 🧠 Key Zones Identified Current weekly supply: 195.00 – 196.80 (being tested) Next resistance: 198.70 – 199.50 (swing high and monthly level) Immediate support: 194.00 – 192.80 (ideal area for pullback and long setups) Structural support: 190.50 – 188.80 Invalidation: Daily close below 191.00 → potential reversal signal 📈 Macro & Fundamental Context 🇬🇧 UK Macro Update Wages rising: +5.5% (above expectations) → could support further monetary tightening Claimant count increasing → early weakness in the labor market Mixed data, but wage growth bias favors GBP strength 🇯🇵 JPY Still Weak BoJ remains ultra-accommodative Verbal interventions from Japanese officials haven’t yet had structural impact 🪙 Retail Sentiment 70% of retail traders are short GBP/JPY, with an average price of 190.59 Only 30% are long, with an average price of 194.65 ➡️ Current price (196.30) is above both → retail squeeze in play. Contrarian setup confirmed. 🧾 COT Report GBP (Non-Commercial Speculators): Long: +3,320 contracts Short: -1,956 contracts ➡️ Net long positions increasing → favorable institutional exposure JPY: Mixed positions, with increases in both long and short → institutional neutrality on the yen 📅 Seasonality – GBP/JPY May is historically bearish on both 5Y and 20Y timeframes: 5Y: -2.52% 20Y: -0.43% Only the 2Y pattern shows a positive return ➡️ Negative seasonality vs. bullish technical structure → conflict worth watching 🔍 Execution Summary The bullish breakout is strong and supported by sentiment and institutional positioning, but price is now entering a potential distribution zone, where profit-taking could increase. 👉 Main scenario: technical pullback toward 194.00–192.80 for possible long entries, targeting 198.50–199.50 👉 Alternative scenario: daily close below 191.00 → bias reversal and bearish continuation
Short
by EdgeTradingJourney
6
GBPJPY Role Reversal Setup (GBPJPY 1HR)Price has now closed the gap previously set, and is now on a strong level of support on the 1hr chart. I will be watching this level closely for possible reversal signs and a push higher as this may be a longer term plan. - 1d trend change confirmed - Support level being tested - Watch the 15min chart for price action to confirm - Scalp the entry Thats the plan. We may push lower, which would involve breaking current support and retesting for next leg lower.
Long
by Youza
GBPJPY - Poised for Rebound at Major Trendline Support?The GBP/JPY pair is currently trading around the 193.41 level, showing consolidation after a notable correction from its recent peak of approximately 196.30. The clearly defined ascending trendline, which has supported price action since mid-April, remains the critical technical feature to monitor. As the price approaches this trendline support, traders should watch for potential bullish reactions that could propel the currency pair back toward the upper resistance zone marked by the pink rectangle near 196.50. The green arrow suggests a potential path forward with an expected bounce from the trendline followed by renewed upward momentum. However, any decisive break below this trendline would invalidate the bullish structure and possibly trigger a deeper correction toward the lower support zone around 190.50, highlighted by the light blue rectangle. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by financialflagship
GBPJPY The Target Is UP! BUY! My dear followers, I analysed this chart on GBPJPY and concluded the following: The market is trading on 193.32 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 194.72 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GBPJPY SWING TRADE.📊 GBPJPY Trade Setup Bias: Bullish (HTFs) Current Move: Pullback to facilitate continuation of uptrend Timeframes: Watching 1H / 15M for break of lower high (entry trigger) 🔍 Fundamentals: JPY: Bearish GBP: Bullish / Neutral ✅ Fundamentals support long bias 📈 Technical Setup: Entry: On break of lower high marked on 1H/15M TP1: 1:1.5 TP2: 1:3 SL: Below most recent swing low Risk per trade: 1.5% 🧠 Notes: Ensure price closes above the marked lower high before entry.
Long
by Earn_withHassaan
DeGRAM | GBPJPY broke through and fixed above the channel📊 Technical Analysis ● Price has broken the 8‑month descending channel’s roof and reclaimed the last swing‑high at 194, turning it into support and signalling a trend reversal. ● The move launches from a bullish pennant; its measured target and the channel’s midline converge in the 196 – 197.8 resistance zone. 💡 Fundamental Analysis ● UK average earnings held above 6 % y/y in April, curbing BoE‑cut speculation and keeping gilt yields elevated. ● Japan’s Q1 GDP shrank and the BoJ left policy ultra‑loose, widening the UK–JP rate gap and pressuring the yen. ✨ Summary Channel breakout plus strong UK data and soft JPY bias favour a long GBP/JPY: aim for 196 → 197.8, risk managed on a daily close back below 194. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
1
GBP/JPY: From Fibo Resistance to Gap SupportFor JPY-weakness I think GBP/JPY still makes for a compelling argument, especially when compared to EUR/JPY. I looked at a big spot of Fibonacci resistance that came into play earlier in the week and bulls spent three days stumbling there until sellers took firmer hold today. But - now there's another major level that's in-play and that's the 193.61 level, which has reference to all the way back in the Financial Collapse... In August of 2008 GBP/JPY closed the month at 198.08. September opened with a far different feel, and the pair gapped-down to 193.61 to begin the month. That gap was partially filled in September but for the next seventeen years has continued to carry weight. In 2015, on the heels of Abe-nomics launching huge Yen-trends, GBP/JPY found resistance at the bottom of that gap for three months before ultimately reversing. And then last March, that gap came back into play as resistance and in the year since, it's had a big pull on price, in both directions. Most recently that 193.61 level was resistance for the past two weeks - until the Monday breakout (and breakdown in the Yen) launched the pair past the 195.00 level. But now that Yen bulls have clawed back that early-week loss, GBP/JPY is back to testing this as short-term support, as taken from prior resistance. Like EUR/JPY in the prior post the weekly close here is huge, as bulls failing to defend this level would not only spell a more bearish looking weekly bar, but they would be giving up defense of a major long-term level in the pair. But - until there's greater evidence of Yen-strength, GBP/JPY makes for a compelling argument for Yen-weakness scenarios, perhaps even moreso than USD/JPY with the 145.00 level a little further away. -js
by FOREXcom
GBP/JPY 1H Chart Analysis – Bullish Breakout PotentialPublished on May 20, 2025, this 1-hour GBP/JPY chart highlights a key technical setup. The price has been consolidating within a tight range after a sharp decline, forming a potential accumulation zone between 193.47 and 193.80 (yellow rectangle). Multiple tests of the "BOS" (Break of Structure) levels indicate strong support and resistance zones, with a recent "CHOCH" (Change of Character) signaling a shift in momentum. The price is now approaching a critical resistance at 193.80. A breakout above this level could confirm a bullish trend, potentially targeting 195.00 and beyond (blue arrow). Traders should watch for a strong close above 193.80 with increased volume to validate the breakout. Conversely, a rejection at this level may lead to a retest of the lower support at 193.47. Key Levels: Support: 193.47 Resistance: 193.80 Potential Target: 195.00+ Stay cautious of false breakouts and monitor price action closely! #GBPJPY #Forex
Long
by Ttrade-With-Logic