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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBPJPY Large Reversal Pattern [Elliott Wave]Executive Summary: GBPJPY shaping a diagonal pattern. Large bearish reversal could push down to 184. Above 202.40 voids the pattern as labeled. I typically don't conduct Elliott wave analysis on cross pairs simply because they are the children of the two main currencies involved. GBPJPY is the child of GBPUSD and USDJPY. With that said, I still scroll through charts looking for compelling patterns and GBPJPY caught my attention. First, it's knocking on the door of 200...a nice round number. Secondly, the rally from 184 in April to now appears to be a very mature Elliott wave ending diagonal pattern . Diagonals shape in 5 waves. Remember, wave 3 cannot be the shortest of waves 1,3,5. Since wave 3 is shorter than wave 1, that means wave 5 cannot be longer than wave 3. So we simply measure out wave 3 and apply it to the end of wave 4, and, voila, we have a maximum target for wave 5 at 202.40 . That maximum target doesn't mean GBPJPY has to go that high, but this market is ripe for a large bearish turn. If GBPJPY does push above 202.40, then my wave labeling is incorrect. Ending diagonals tend to be fully retraced which implies a decline back to 184 ... 1500 pips from today's price. GBJPY may dance around in the 199 handle for a day or two. A break below 199 could be an early warning signal of the bearish reversal. A break below the blue support trend line helps confirm the pattern. If this bearish reversal takes hold, then GBPUSD or USDJPY likely experiences a large decline too.
Short
by JWagnerFXTrader
GBP/JPY BEARISH BIAS RIGHT NOW| SHORT Hello, Friends! GBP/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 195.717 area. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
GBPJPY – breakout loading: final leap to 200.500?After days of compression, GBPJPY is flashing clear signs of an explosive breakout. Price is holding firmly above the ascending trendline and consolidating right at the top of the FVG zone – a strong signal that buyers are preparing to punch through the 200.500 resistance in one decisive move. Meanwhile, the JPY continues to lose ground as the BoJ shows no clear intention to hike rates, while GBP gains support on expectations that the BoE will maintain its hawkish stance longer due to persistent core inflation. Trade setup (reference): Buy limit: 198.900 SL: below 198.500 TP: 200.500
Long
by Rocky_trade_
Sell gbpjpyIn the current chart, we are observing a range-bound trading pattern, with the price nearing the upper boundary, which is also a significant psychological level (200) . In the other hand a double top formation has emerged in this area, indicating strong resistance, as the price has previously touched this level multiple times. As we approach this critical juncture, it is anticipated that the price may decrease and move toward the lower boundary of the range. Notably, there is a purple trend line representing an upward trend, which plays a crucial role in this analysis. As the price descends, it is expected to intersect with this purple line, making it an important area to set the first take-profit (TP) target. If the price manages to break below the purple trend line, this could indicate a more pronounced bearish trend, providing opportunities to establish additional take-profit levels based on subsequent support or resistance zones. Traders should remain vigilant and adaptable, monitoring price action closely to optimize their trading strategies.
Short
by hodkar
GBPJPY Will Go Up! Buy! Please, check our technical outlook for GBPJPY. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 197.240. Considering the today's price action, probabilities will be high to see a movement to 198.091. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
3
GBPJPY – is the end of the range near?After nearly two weeks stuck in the 197.600–200.000 range, GBPJPY has successfully shaken off a bearish fakeout and is now consolidating near the upper FVG zone. The bullish structure remains intact within the rising channel – and this time, the market may not forgive another missed opportunity. Supporting news: – UK CPI data released yesterday came in hotter than expected → inflation pressure is back → market expects the BoE to stay hawkish → GBP gains strength. – Meanwhile, the JPY continues to weaken as the BoJ maintains ultra-low interest rates, setting the stage for this pair to surge. A breakout above 200.000 could open the door for a push toward the channel top – this could be the ignition point for a major summer rally.
Long
by Rocky_trade_
GJ-Tue-22/07/25 TDA-Potential scalp buy to fill the gap!Analysis done directly on the chart! Weekend gaps in the majority of times (if not all the time) at some point will be filled. Premise: A simple idea plan (like Tradingview public posts) won't describe everything. No one can predict how market will move, it's always good to react to how it moves. It gives an idea of how price might move, but no one come from FUTURE. So I always encourage people to openly and actively discuss in real time. I don't give signals blindly, people should learn and understand the skill. Following blindly signals you won't know how to manage the trade, where precisely put sl and tp, lot size and replicate the move over time. That's why you need active real time discussions. Trading is not get rich quick scheme! Active in London session! Not financial advice, DYOR. Market Flow Strategy Mister Y
Long
by Mister_Y
GBP/JPY: A Key Short Setup Forms as Momentum FadesHello traders, Taking a look at GBP/JPY on the 4-hour timeframe. After a significant run, the price action has stalled, and we're seeing clear signs of fading momentum. This is creating a well-defined consolidation zone, which may present a key opportunity for a short position. The Technical Picture 📊 1️⃣ Price Consolidation: GBP/JPY is currently trading sideways within a tight range, highlighted on the chart. This period of indecision and balance between buyers and sellers often precedes a significant directional move. The structure suggests a phase of distribution may be underway. 2️⃣ Fading Momentum: The Relative Strength Index (RSI) confirms this loss of momentum. A sustained reading below the 50 midline would signal that sellers are beginning to gain control and that the path of least resistance is shifting to the downside. The Strategy 🧠 The core idea is to anticipate a bearish breakdown from the identified consolidation zone. A clean break and hold below this range would serve as confirmation that sellers have taken over, providing an opportunity to enter a short position targeting a continuation of the larger bearish move. Trade Parameters 📉 👉 Entry: 198.895 ⛔️ Stop Loss: 201.405 🎯 Take Profit: 192.872 Risk/Reward Ratio: approx. 2.4 This is my personal analysis and perspective, not financial advice. Always conduct your own research and manage your risk accordingly. Good luck, and trade safe.
Short
by MaxellAguiran
GBP/JPY Breakdown Alert - Bears Taking Control!💙 GBP/JPY Resistance Rejection ! SELL Setup Activated! 👩‍💻 Dear traders, After analyzing GBP/JPY on the 1H timeframe, we have a clean short opportunity developing from a key resistance zone around 199.00 – 199.26. Price has stalled and rejected strongly, signaling potential for a bearish move. Bias – Bearish 🎯 Target – 198.20 🎯 Target – 197.90 🎯 Final Target – 197.70 🛑 Safe Stop Loss – 199.26 📊 Reasoning: – Price rejected a clear resistance/supply zone – Red box marks historical rejection area – Yellow arrows indicate downside momentum zone – Bearish pressure forming at the top of the range – Excellent intraday short with clean R:R structure 🍀 Stay patient, trust your levels, and trade smart!
Short
by Forex_Signals_Hub
GBPJPY - Bullish Continuation Setup• Pair: GBPJPY • Bias: Bullish (Buy) • HTF Overview (4H): • Strong bullish momentum with clear breaks to the upside. • No signs of price reaching deeper 4H SSL — continuation more likely. • MTF Refinement (30M): • Watching for price to mitigate lower 30M OB zone. • Expecting bullish continuation from that area. • Entry Zone: • Wait for LTF confirmation inside 30M OB. • Switch to trader mode after valid CHoCH / intent confirmation. • Targets: • Structure highs / clean extension into the next liquidity pool. • Mindset Note: • Be patient, trust bullish structure. Let price come to you. Bless Trading!
Long
by Juicemannn