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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

THOUGHTS ON GBP/JPYGBP/JPY 4H - As you can see price traded into a large area of Demand here on the 4H timeframes, I believe this may encourage price to correct itself on the higher timeframes and being trading bullish. In order for me to look to take this market long and be confident with the trade I am placing I want to see price break structure to the upside initially as this would confirm to me that price is no longer trading us bearish and is in fact trading us bullish. The high I have marked out represents the last protected high within the bearish structure that is trading us lower, breaking that would give us the confirmation we need in order to take part in some long opportunities. That high is considered the last protected as thats the high that traded price down and into the Demand zone, creating the lowest low within this bearish leg, I will be looking to take profit just below the Supply Zone above.
Long
by Lukegforex
GBPJPY: risk-reward ratio favoring a 130-pip down moveGBPJPY remains in a strong downtrend but is approaching daily support levels, making caution essential. The risk-to-reward ratio favors a downside move between 191.75 and 192.63. If the price turns lower from these levels, a retest of the low 190.46 would be a reasonable expectation. However, a push above 192.63 could signal the start of a reversal. 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
GBPJPY - Already Over-Bought!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈GBPJPY has been bullish trading within the rising channel in blue. Currently, GBPJPY is approaching the upper bound of the channel. Moreover, the green zone is a strong supply and structure. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green supply and upper blue trendline. 📚 As per my trading style: As #GBPJPY is around 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
by TheSignalyst
15
GBPJPY - Yen will continue to grow?!The GBPJPY currency pair is below the EMA200 and EMA50 in the 4H timeframe and is moving in its downward channel. If it continues to move towards the demand zones, we can buy with a suitable risk reward. The upward correction of this currency pair towards the supply zone will provide us with the next selling position. Higher inflation in Tokyo has increased the likelihood of a Bank of Japan interest rate hike in its December meeting. The Cabinet Office of Japan released its September economic report, maintaining its overall assessment of the country’s economic condition. According to the report, Japan’s economy continues to recover at a moderate pace. The report also highlighted an improvement in bankruptcy conditions, marking the first positive trend in this area in 42 months. This improvement reflects greater stability within Japan’s business sector. Furthermore, the report noted a slowdown in the rise of corporate product prices, which could lead to a more balanced market. The Cabinet Office emphasized the need to closely monitor U.S. economic policies, as shifts in these policies could significantly impact Japan’s economy. Analysts at JP Morgan predict that the Bank of Japan will raise interest rates twice in 2025, in April and October, bringing its policy rate to 1.0% by the end of the year. Additionally, they forecast two further rate hikes in 2026, pushing rates to 1.5%. JP Morgan noted that the Bank of Japan’s independent monetary policies could result in weaker performance for Japanese yields compared to other developed markets. Meanwhile, the Japan Manufacturing Workers Union, representing small and medium-sized manufacturing enterprises, has demanded a minimum base wage increase of 15,000 yen in next year’s wage negotiations. This request exceeds last year’s demand by at least 3,000 yen and marks the highest wage increase proposed in the union’s history. The ultimate goal is to achieve an overall wage increase exceeding 19,500 yen. This development could be seen as positive news for Japan’s government and central bank, as rising wages might indicate mounting inflationary pressures, supporting the normalization of monetary policies. Tamaki, a member of Japan’s Democratic Party for the People (DPP), stated that the Bank of Japan should evaluate its policies based on wage outcomes for small businesses. He warned that excessive tightening of monetary policy could risk a return to deflation. Tamaki stressed the importance of not rushing changes in monetary and fiscal policies. In the UK, Finance Minister Rachel Reeves announced a £26 billion ($33 billion) business tax hike that could result in the loss of up to 130,000 jobs. If employers pass this financial burden onto the workforce by reducing employment, the unemployment rate could increase by 0.4%. The analysis also suggests that businesses might respond to higher employer national insurance contributions by cutting working hours or staff. Separately, the Bank of England recently reported results from its latest stress tests, indicating that all major UK financial institutions are resilient enough to withstand worst-case economic scenarios. While the results have not raised specific concerns, the Bank emphasized its commitment to ongoing close monitoring of the situation.
Short
by Ali_PSND
GBPJPY Set To Fall! SELL! My dear subscribers, My technical analysis for GBPJPY is below: The price is coiling around a solid key level - 192.09 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 191.65 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Potential bullish bounce?GBP/JPY is currently reacting off the pivot which acts as a pullback support and could rise to the 1st resistance which acts as a pullback resistance. Pivot: 190.67 1st Support: 189.08 1st Resistance: 192.28 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
#014 DCA GBPJPY ShortShorted GBPJPY while the CADCHF trade is running in drawdown. JPY pairs in my watch list includes, CADJPY, GBPJPY, CHFJPY, NZDJPY, AUDJPY, EURJPY. However, I removed the CADJPY and CHFJPY. I chosen the GBPJPY because it has been known to be a dragon that moves alot of pips, alot of the time. Not sure about now though. I scan the watchlist by going to the Daily Time Frame first. Look for immediate previous day's candlestick that broke out and closed strongly in the direction of the breakout. That is a Continuous Bar. Once I have my watchlist based on the Continuous Bars, I apply the 60SMA on the 4H, then the 1H and 15 Minutes. If price is all in the same direction based on the 60SMA, I will place this product into my watchlist for setup detection and trading purposes. And that was what I did with the GBPJPY. I entered the GBPJPY on a Push Wave aka Impulse Wave. The chances of the Push reversing into a Pull Wave aka Retracement Wave are 50 50. Is that accurate? I am not sure. But, if the Push becomes a Pull, I wouldn't get stopped out, because I have No Stop Loss. I use DCA to add positions into my losses. I am not sure if I will be profitable at the end of it, but I do know that I have lifted off the stress on my shoulders. A huge chunk of my trades are in profit, and most of the losses is due to commissional loss (a term I made up to mean that I am in a net loss due to commission after breaking even on the trade.) If I do go into a drawdown, I gymnastics to make sure I either end up profitable or at least breakeven. I might go into a net loss also depending on how the trade plays out and what correct or wrongful decisions I make. But all in all I think I will do fine because I limit my risk to 0.01 lot size. 1310SGT 27112024
Short
by ProfessionalDuckHunter
GBP/JPY Set to Skyrocket Eyeing 676.53 and Beyond!Key Levels to Watch Primary Bullish Targets (Wave 5 Upside Goals): 584.86 – Inducement Wave 3: The next major resistance zone to watch as GBP/JPY climbs toward the Wave 5 extension. Traders could take partial profits here or use this level to monitor bullish strength. 676.53 – Wave 5 Extension (1.618 Fibonacci): This represents the main target for Wave 5. Price is likely to pause or reverse near this level as it aligns with the Fibonacci extension of the bullish structure. 763.43 – Overextension (Wave 5 Peak): This marks the extreme extension level for Wave 5. If bullish momentum sustains, this area could become the final rally peak. Key Support Levels (Pullback Zones): 437.21 – Wave 4 Shallow Support: Any retracement into this level can provide a strong re-entry point for long positions. This level is critical to maintaining the bullish structure. 346.00 – Wave 1 Invalidation Zone: A breakdown below this area invalidates the bullish count, signaling potential reversal or longer-term bearishness. 224.55 – Accumulation Resistance: If the structure collapses, this is the key pivot area to retest long-term demand zones. Current Market Context GBP/JPY is moving out of a prior accumulation phase, where price action consolidated between 224.55 (AR Resistance) and 116.83 (SC Support). Momentum suggests GBP/JPY is now progressing into a Wave 5 rally, with the first key test at 584.86 before continuing to higher targets. Traders should focus on buying the dips into support zones like 437.21 for the next rally wave. Trading Plan Long Positions: Enter near 437.21 if price retraces to this support zone. Add positions on a breakout above 584.86, targeting 676.53 and potentially 763.43. Profit-Taking Strategy: Take partial profits at 584.86 (Inducement Wave 3). Final profit zones are 676.53 (Wave 5) and 763.43 (Peak Extension). Risk Management: Stop-loss below 346.00 (Wave 1 invalidation). Reassess if price loses momentum near the 224.55 zone.
Long
by spaceangel
1