JPYGBP trade ideas
GBPJPY RangingGBPJPY is still in the range. For this range we can trade between the zones drawn. It has taken previous day high already. There is S&R level and supply zone if gets buyer push and crosses previous week high we may expect further bullish momentum. Till now we can trade between zones if we see any bullish signs.
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
GBP/JPY BEARISH BIAS RIGHT NOW| SHORT
GBP/JPY SIGNAL
Trade Direction: short
Entry Level: 199.409
Target Level: 198.698
Stop Loss: 199.884
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 2h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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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.
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WISH YOU ALL LUCK
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.
$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.
British Pound / Japanese Yen (GBP/JPY) 4-Hour Chart Analysis4-hour performance of the British Pound against the Japanese Yen (GBP/JPY) via OANDA data. The current price is 199.352, reflecting a 0.129 (0.06%) increase. The chart highlights a recent upward trend, with key support levels around 198.107 and 198.994, and resistance near 200.415. A breakout above the recent high is indicated, suggesting potential for further gains.
eurnzd sell signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPJPY – Eyeing new highs as bullish structure holdsGBPJPY continues to trade within a steady ascending channel and has recently bounced from short-term support around 198.200. If price breaks above 199.400, bullish momentum could strengthen, targeting the previous high near 200.800 — a key resistance zone that has been rejected before.
From a fundamental perspective, expectations that the Bank of England will maintain high interest rates to combat inflation are supporting the pound. Meanwhile, investor sentiment remains cautious toward the yen following dovish signals from the Bank of Japan. If upcoming UK economic data is positive, GBPJPY may continue climbing in the sessions ahead.