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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

What’s Flowing: GBPJPY ShortThe GBPJPY pair has confirmed a strong bearish trend as it continues to reject key resistance levels and push lower. Recent price action indicates sustained selling pressure, with the pair moving into a lower trading range. Key Observations: 1. Trend Analysis: • The pair has broken below critical support zones at 193.95 and 191.45, signaling further downside potential. • Momentum indicators reflect increased bearish activity, with lower highs and lower lows dominating the structure. 2. Bearish Targets: • Immediate support lies near 188.94, followed by potential extensions toward 186.43 and 183.93 if the downtrend persists. 3. Risk Management: • Stop Loss: Place stops above 191.45 for a balanced risk-to-reward setup. • Take Profit: Scale profits incrementally at key levels, focusing on 188.94 and beyond. Market Context: The bearish movement aligns with broader risk-off sentiment, favoring safe-haven currencies like the JPY. Traders should remain vigilant for any retracements or unexpected macroeconomic shifts impacting the GBP or JPY. Stay tuned for midweek updates as we monitor potential continuation patterns and emerging opportunities.
Short
by moneymagnateash
4
gbpjpy next moveAs can be seen, a bear flag has also formed. The top of this flag corresponds to the filling of the FVG. In the short term, I expect a further decline to hit the monthly liquidity. After this, I anticipate an upward movement fueled by the momentum from the liquidity grab. At one of the potential liquidity points on the 4H timeframe, there will likely be a break of structure, hopefully forming a new FVG, allowing us to take a significant short position targeting 180,000, where another liquidity grab could occur.
Short
by iwan12g
18
GBP/JPY Analysis - 4H ChartThe GBP/JPY pair is currently trading near the 190.20 level, showing signs of a potential reversal zone. The market appears to be in a corrective structure, and we could expect the following scenarios: Short-Term Bounce: I anticipate a short-term consolidation around the 190.00 region (green support zones) before a bullish correction towards 191.50 - 191.75, which represents a key resistance area. Major Rejection at Resistance: If price reaches the 192.00 - 192.25 area (blue resistance zone and trendline), it is likely to face significant selling pressure, leading to a new bearish wave targeting lower levels near 190.00 or even 189.00. Key Levels to Watch: Support: 190.00, 189.00 Resistance: 191.75, 192.25 Market Outlook: The overall trend remains bearish, and I will be monitoring these levels for potential short entries if the pair respects the key resistance zones. If the price breaks through 192.25, we could see a shift in momentum favoring buyers. Let me know your thoughts and how you're positioning for this setup!
by AEL_Education
GBPJPY Will Grow! Long! Take a look at our analysis for GBPJPY. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 190.691. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 191.152 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBPJPY _ BullishWe’re bullish on GBPJPY as the pair continues to demonstrate strong upward momentum supported by technical and fundamental factors. Entry Level: 191.000 This level serves as a key zone of confluence, indicating a potential shift in market sentiment. It aligns with previous support, offering a favorable risk-reward entry point for buyers. Target: 198.500 Our target range is strategically positioned at 198.500, reflecting the potential completion of the ongoing bullish trend. This level is backed by historical resistance, a Fibonacci extension zone, and other key technical indicators suggesting a probable reversal zone. Analysis Overview: Trend: The pair remains in a strong uptrend, supported by a bullish market structure on higher timeframes. Support & Resistance: The 191.000 level represents a significant support zone, with 198.500 being a critical resistance level to watch. Fundamentals: Favorable conditions in the GBP and JPY economies further reinforce the bullish outlook, including risk-on sentiment driving JPY weakness. Technical Indicators: Momentum indicators, such as RSI and MACD, confirm bullish divergence, adding strength to this setup. Risk Management: As with all trades, proper risk management is key. A stop-loss is recommended below the 189.500 level to mitigate potential risks if the market moves against our analysis. Disclaimer: This is not financial advice. Ensure you conduct your own analysis and consider market risks before entering a position. Let me know if you'd like this tailored further!
Long
by vpktrades_2024
1
USD/JPY Analysis: Retail Sentiment at Risk as Large Speculators The USD/JPY currency pair appears poised for a potential decline, as COT reports reveal a clear bias among large speculators favoring short positions. This bearish sentiment from institutional players starkly contrasts with the optimism displayed by retail traders, many of whom remain positioned long, anticipating a reversal. However, retail sentiment often serves as fuel for liquidity hunts, with institutional strategies targeting stop-loss clusters near key support zones. Historical patterns suggest that when retail traders collectively lean too heavily in one direction, large speculators seize the opportunity to move the market against them. With bearish positioning among speculators and retail sentiment ripe for exploitation, USD/JPY could face further downside pressure. Monitoring shifts in liquidity levels, sentiment extremes, and institutional positioning will be crucial in anticipating the next major move. Let me know if you'd like to refine it further! You said: wo super good ChatGPT said: Glad you liked it! 🚀 Let me know if you need more like this or anything else. Happy trading! 📊💡 You said: skriov likande om gbpjpy ChatGPT said: Here’s a version tailored for GBP/JPY: GBP/JPY Analysis: Short Pressure Builds as Speculators Align Against Retail Sentiment GBP/JPY is showing signs of potential downside momentum, with COT data highlighting a growing inclination among large speculators to position short. Meanwhile, retail traders continue to pile into long positions, anticipating a bounce from recent support levels—a setup that often spells trouble for the average trader. Historically, GBP/JPY has been a prime target for stop hunts, given its volatility and tendency to gravitate toward liquidity zones. With institutional players dominating the narrative and retail sentiment leaning heavily bullish, the stage is set for a potential breakdown to sweep liquidity below key levels. The imbalance between institutional shorts and retail longs signals that GBP/JPY may face additional selling pressure. Traders should watch for liquidity grabs near significant swing points and track shifts in sentiment and order flow to anticipate the next leg down. Let me know if you'd like adjustments or a focus on specific aspects!
Short
by OssianH
GBPJPY Mid-term Bull Run is about to startThe area where GBPJPY is being traded has the highest volume ever traded since the beginning of 2024. Also, the reverse trendline is also giving a bullish signal. In addition, the Japanese Yen Futures current traded area is also the highest volume traded since the beginning of 2024, which means if it is retesting this area then we can expect the growth in XXXJPY pairs. Watch out for an upward trend from the market opening. I expect to take a long position until 197.500 or 200.000.
Long
by RustamFX
GBPJPY likely to continue to respect the trendlinethe trendline has been intact for almost 3 months and in that period two out of three times when it touched the trendline we can see a bullish divergence circled ones and it respected the bullish divergence last time quite well and now again the price is right at the trendline which is also acting as support with bullish divergence and overall the trend is also bullish so these couple of confluences support upward direction of price
Long
by faisal-101
GBPJPY is in the Down TrendHello 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
Long
by ForexMasters2000
GBPJPY - Short + Medium term direction predictionTrend is clearly down on medium to short term timeframes. The proposed primary target is close by sitting at roughly 189.565. This would make a decent short term target as there will be plenty of stop losses sitting below that structure level so I would not be surprised to see an aggressive movement toward this level and even further toward the proposed secondary target marked, between which the 189 level sits. I would like to clarify that I dont trade with extended targets like the secondary and tertiary ones marked. This might be handy for people who leave runners on their trades. Also keep in mind that I am only providing potential target levels here. The best thing to do would be to drop down to lower timeframes and look for good areas of value to enter.
Short
by Gamblers-Fallacy
GBPJPY The GBP/JPY pair tells the trader how many Japanese Yen (the quote currency) are needed to purchase one British Pound (the base currency). It is known to be a “carry currency cross”, that is a cross which is a vehicle for carry trading (one of today's most popular trading strategies). A carry trade happens when a person sells or borrows an asset with a low-interest rate in order to purchase another asset with a higher interest rate, looking to profit from the underlying interest rate difference. This strategy is heavily used in the foreign exchange market (forex).Bank of England (BoE), known to be one of the most effective central banks in the world. It acts as the government's bank and the lender of last resort. It issues currency and, most importantly, it oversees monetary policy (including interest rates). Andrew Bailey became the new Governor of the Bank of England on March 16th, 2020. Her Majesty the Queen has approved the appointment. He is widely and deeply respected for his leadership managing the financial crisis, developing the new regulatory frameworks, and supporting financial innovation to better serve UK households and businesses.
Short
by KingForex078