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British Pound / Japanese Yen

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GBPJPY trade ideas

GBPJPY Remains in a Solid Uptrend.GBPJPY remains in a solid uptrend. Technical Outlook: GBPJPY remains in a firm uptrend, forming a series of higher highs and higher lows while holding above widening bullish EMAs, signaling strong bullish momentum. Price is currently consolidating sideways near the recent peak, following a successful retest of the broken descending trendline, a classic bullish continuation setup. No clear reversal signals have emerged, and the range-bound action suggests accumulation ahead of a potential upward breakout (above 200.00). A decisive breakout above the psychological resistance at 200.00 would confirm a trend-following breakout, opening upside targets at 206.00 (flagpole projection) and potentially 208.00 (2024 high). Near-term pullbacks may find support at 196.50 , the prior breakout zone, before resuming the uptrend. Fundamental Outlook: The pound is supported by higher-than-expected inflation data for June, with the UK’s Consumer Price Index (CPI) coming in at 3.6%, nearly twice the BoE target. This has led markets to expect that the BoE might delay or pause interest rate cuts at its upcoming meeting in August. Moreover, the UK Prime Minister’s strong commitment to fiscal discipline has played a pivotal role in reinforcing investor confidence, thereby lending further support to the pound. In contrast, the BoJ continues to adopt a cautious stance, keeping its policy rate at a relatively low at 0.50%. This conservative approach reflects the central bank’s intent to monitor the economic impacts of US tariff increases before any further action. The BoJ’s low-rate policy sustains yen carry trades, driving capital outflows into higher-yielding US assets, mostly US treasury bonds, and intensifying downward pressure on the yen. Analysis by: Krisada Yoonaisil, Financial Markets Strategist at Exness
Long
by KrisadaYoonaisil
GBPJPY A Fall Expected! SELL! My dear subscribers, My technical analysis for GBPJPY is below: The price is coiling around a solid key level - 199.16 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 198.88 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 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
Short
by AnabelSignals
1
$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.
Short
by TopGBanks
GBPJPYGBP/JPY is currently trading at 199.535, providing a potential short opportunity from elevated levels. 2. The ideal sell zone lies between 199.500 – 199.700, where price shows signs of rejection. 3. A downside move could test the first support (previous resistance flipped) at 199.000. 4. Further weakness may lead to a drop toward 198.500, the next key demand zone. 5. A break below 198.000 would act as a strong confirmation of bearish momentum. 6. Place a stop-loss above 200.300, as a move above this level would invalidate the sell setup. 7. Price action shows signs of exhaustion after recent bullish runs, hinting at a potential reversal. 8. Selling pressure near the psychological 200.00 level adds to bearish bias. 9. Monitor lower timeframes for bearish engulfing candles or breakdown patterns below 199.00. 10. Below 200.300, the trade favors the bears, aiming for targets down to 198.000 or lower.
Short
by Ali_Explorer
Why election risk means yen volatility could rise this weekThe Japanese yen remains vulnerable ahead of Japan’s Upper House election on July 20. Polls suggest the ruling LDP-Komeito coalition may lose its Upper House majority. Such an outcome would further weaken Prime Minister Shigeru Ishiba’s position, with his government already operating as a minority in the Lower House. Adding to the pressure, the U.S. is set to impose 25% tariffs on Japanese goods from August 1—part of a broader protectionist push.
by BlackBull_Markets