GBPJPY: Get Ready to Buy 🇬🇧🇯🇵
GBPJPY is consolidating within a narrow horizontal range
on a daily time frame.
I am waiting for its bullish breakout and a daily candle close above
199.85 to confirm the next bullish wave.
A rise will be expected to 201 level then.
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I am par
About British Pound / Japanese Yen
The British Pound (GBP) vs. the Japanese Yen (JPY) is a highly volatile pair. JPY is often used as a funding currency of a trade because it’s historically a low yielding currency. Since UK is one of the larger economies in Europe, the GBPJPY pair can be considered as a proxy for worldwide economic health. On the other hand, this pair performs like a representer for market 'risk-off' moves as the carry trade gets reversed. As a result, GBPJPY is able to develop strong trends that exceed thousands of pips.
Related currencies
GBP/JPY Analysis is Ready This is a 1-hour chart of the GBP/JPY currency pair showing a potential bearish setup. Key elements include:
Support Zone: Around 198.000, previously tested multiple times.
Bearish Cup Pattern: Highlighted in yellow, suggesting a reversal.
Stop Loss: Marked above 199.397.
Sell Entry Zone: Near t
GBPJPY 4H – Demand Zone Rejection | Bullish Continuation🏹 GBPJPY 4H – Demand Zone Rejection | Bullish Continuation
GBPJPY tapped into a key 4H demand zone with a strong rejection wick, respecting both horizontal support and trendline structure. With bullish momentum building, price is likely to push toward the psychological 200.000 level.
✅ Demand zone
GBPJPY uptrend co0ntinuation support at 196.75Key Support: 196.75
This level marks the prior consolidation zone and serves as a critical pivot. A corrective pullback toward 196.75 followed by a bullish reversal would validate the uptrend, with upside targets at:
199.20 – Initial resistance and short-term target
199.70 – Minor resistance zone
GBPJPY short From what I'm seeing
GBPJPY is not done yet
As buyers have tried to push price higher but pressure from the sellers still keeping price from going any further.
The battle continues
Causing the market to range
Next week tell who wins
For I'm seeing sellers with the upper hand
My thoughts 💭 o
GBPJPYGBPJPY price is near the main resistance zone 200.168. If the price cannot break through the 200.186 level, it is expected that the price will go down. Consider selling the red zone.
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GBPJPYHello traders,
The holidays are over and we’re back to trading again! 🙂
Our first trade is on the **GBPJPY** pair. This setup is quite ideal for those thinking long-term. I’ve already activated this trade on my side.
🔍 **Trade Details**
✔️ **Timeframe**: D/W
✔️ **Risk-to-Reward Ratio**: 1:6
✔️ **Tr
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The value of the GBPJPY pair is quoted as 1 GBP per x JPY. For example, if the pair is trading at 1.50, it means it takes 1.5 JPY to buy 1 GBP.
GBPJPY is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade GBPJPY right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.