JPYGBP trade ideas
GBPJPY Will Grow! Buy!
Here is our detailed technical review for GBPJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 198.531.
The above observations make me that the market will inevitably achieve 202.938 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.
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Falling Wedge Formation Ive been bullish on GBPJPY for a couple weeks now and I still believe that it has more upside potential. Here we have a Falling Wedge Formation. we have 4 touches on our pattern already and just waiting for a break and retest to enter again. I am currently in a position based of the retest price gave of the previous resistance (circled on chart). Lets see how it goes.
GBP/JPY H4 | Yen weakness to persist?GBP/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 197.98 which is a pullback support that aligns with the 38.2% Fibonacci retracement.
Stop loss is at 196.68 which is a level that lies underneath a swing-low support and the 61.8% Fibonacci retracement.
Take profit is at 199.75 which is a swing-high resistance.
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GBPJPY: Downside Pressure Increasing - Sell Opportunity!GBPJPY is showing clear signs of weakness, currently trading around 198.620. If it breaks and holds below 198.300, the bearish trend will be confirmed, with the next potential target at 192.000.
Upcoming key economic news from the UK (inflation, retail sales) and Japan (BOJ policy) will be decisive. Prioritize selling strategies, monitor news closely, and manage risk tightly.
$GJ (GBPJPY) 1HPrice is currently forming a descending triangle pattern, with clear lower highs and a horizontal support zone.
Trendline resistance is actively being respected.
Liquidity is likely building below the horizontal support zone.
A false breakout or sweep above the trendline followed by rejection could trigger institutional distribution.
As long as the descending trendline holds, and no bullish BOS occurs, the structure remains bearish. Look for price to accumulate short positions before expansion.
GBPJPY AccumulatingGBPJPY is building liquidity. We can see it around these zones. So trading between the zones will be wonderful. We can not say anything about the direction of GBPJPY right now because it is oscillating between the zones. The clear picture can be trade zones for scalping. No any potential move seen here.
GBP/JPY is currently trading around 198.384, presenting a potentGBP/JPY is currently trading around 198.384, presenting a potential buy opportunity.
2. The immediate buy zone lies between 198.200 – 198.400, offering a favorable risk-reward entry.
3. First resistance is observed at 199.000, which could act as a near-term profit target.
4. A stronger resistance zone sits at 199.500, representing the next bullish hurdle.
5. A key breakout confirmation will be seen if price pushes above 199.800, signaling bullish continuation.
Place your stop-loss below 197.500, as a break below this level would invalidate the bullish setup.
7. The current setup suggests buyers are stepping in near 198.300, respecting the recent support base.
8. Momentum may build up toward 199.00+ if GBP remains strong or JPY weakens further.
9. Price consolidation above 198.50 would strengthen bullish conviction ahead of the breakout zone.
10. Overall, GBP/JPY remains bullish above 197.500, with upside potential toward 199.800 in the short term.
eurnzd sell signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPJPY long Idea In HTF we can clearly see that GJ is in an uptrend, so after having done the last expansion, I am waiting for the retracement to the 50% Fibo zone where by coincidence there is an OB, the price will probably reject in that zone and later "attracted" by the OB which has a FVG in the 70.5% Fibo zone (which I call the "Gold Zone"), the price can retract to that zone and then continue with its uptrend.
GBPJPY H4 LONG SETUP: 14-18 JULY 2025TECHNICAL ANALYSIS
This pair is bullish and its in a beautiful upward channel creating higher highs and higher lows. Price is currently in the weekly buy zone which is also the current support area. Bulls will be looking to go long here and hope to take price all the way to the projected take profit target.
FUNDAMENTAL ANALYSIS
The currency pair GBPJPY has a score of 2, indicating that the base currency is stronger than the quote currency. However, the pair shows neutrality with the trend projection being to the upside. COT shows institutional positioning is long both pairs, the market and price, however, is bullish.