Get started

British Pound / Japanese Yen

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals Economic Calendar

GBPJPY trade ideas

GBP/JPY -H1- Channel Breakout (14.07.2025)The GBP/JPY Pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Channel Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 196.70 2nd Support – 195.53 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by KABHI_TA_TRADING
43
GBPJPY: floating at the top – is a drop being loaded?GBPJPY is hovering around 198.91 after an impressive rally, but now it's trapped between two key zones: 199.85 – a resistance level that keeps rejecting price, and 198.20 – a fragile support below. The price action reveals a tense sideways pattern, like a spring coiling up before release. What’s concerning is that buyers have attempted to break above the high multiple times and failed – and each failure comes with weaker rebounds. With the Bank of England shifting toward a “pause” stance and the yen gaining mild support from rising risk-off sentiment, the market is starting to lean toward a correction. If price breaks below 198.20, it could mark the beginning of a deeper slide back toward the lower boundary of the channel. Don’t be fooled by the silence – sometimes, calm is the precursor to a sharp fall.
Short
by Rocky_trade_
9
GBP/JPY) Bearish Analysis Read The captionSMC trading point update Technical analysis of GBP/JPY on the 3-hour timeframe, suggesting a potential short-term pullback within a larger ascending channel. --- Analysis Summary Pair: GBP/JPY Timeframe: 3H Current Price: 198.883 Bias: Bearish move toward channel support --- Key Technical Insights 1. Ascending Channel Formation: Price is moving within an upward-sloping channel. Current structure suggests price is heading toward the lower trendline support. 2. Support Level & Target Zone: The yellow zone around 196.355 is a major support area and target point, coinciding with both structural support and the bottom of the channel. 3. EMA (200 Close): Price is still above the 200 EMA (197.067), so overall trend remains bullish — but current move is a correction. 4. RSI (14): RSI is neutral near 51.14, allowing room for further downward movement before becoming oversold. --- Target Point Target: 196.355 (support zone and bottom of channel) --- Trade Idea Direction Entry Stop-Loss Target Sell 198.80–199.00 Above 199.70 196.35 SMC trading point --- Summary GBP/JPY is likely to retrace toward support at 196.35 before possibly bouncing within the larger bullish structure. This offers a short-term selling opportunity, with potential buy setups near the lower trendline later. Please support boost 🚀 this analysis)
Short
by SMC-Trading-Point
6
Lingrid | GBPJPY possible Pullback From Psychological LevelThe price perfectly fulfilled my last idea . FX:GBPJPY is testing the upper boundary of the resistance zone near the psychological 200.000 mark after a strong bullish impulse. Price is showing early signs of rejection from the red trendline and horizontal resistance, suggesting potential for a corrective move. If confirmed, a drop toward the 197.600–197.000 region becomes likely, aligning with the lower bound of the rising channel. A break below this level could expose deeper downside toward the 195.5 support. 📉 Key Levels Sell trigger: confirmed rejection from 200.000 with bearish engulfing Sell zone: 200.50–200.00 (key resistance zone and trendline touch) Target: 197.600 Invalidation: sustained close above 200.500 flips structure bullish 💡 Risks Strong bullish continuation above 200.000 would invalidate short setup Yen weakness from BOJ policy shifts could drive GBPJPY higher Support at 197.600 may cause bounce and false breakout scenarios If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
Short
by Lingrid
10
GBPJPY is in the Down Trend From Resistance LevelHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Short
by ForexMasters2000
2
GBPJPY Surges as Trade Tensions Weaken YenGBPJPY Surges as Trade Tensions Weaken Yen GBPJPY remains firmly in a bullish trend, having broken through two key resistance levels. The first breakout occurred at 196.80, followed by a decisive move above 198.75 on Monday, signaling accelerating bullish momentum. On July 7, the White House issued a strong letter to Japan’s Prime Minister, expressing concerns over the trade deficit and announcing a 25% tariff on Japanese goods, effective August 1, 2025. This development has added pressure on the yen, and the weakness could persist in the near term. However, the situation is still unfolding. Trump is expected to send additional letters today, which could inject further volatility into the markets. You may find more details in the chart! Thank you and Good Luck! PS: Please support with a like or comment if you find this analysis useful for your trading day
Long
by KlejdiCuni
9
My View On GBP/JPYWhy I think the tops in Elliott Wave Structure Completed We’re now at the conclusion of a 5‑wave impulse (i→v) that tops off within wave (1), followed by an A‑B‑C corrective sequence. Wave C peaks right inside a major supply zone — classic exhaustion of bullish momentum. Resistance & Trendline Rejection Price hit a red supply/resistance area, tested it, and has already broken back below the short‑term upward trendline. That break is a reliable early signal that the uptrend is losing steam. Bearish Continuation Pattern Forming The drawn schematic suggests a sequence of lower highs is setting up—then a break toward the blue support zone near 196.60–197.40. All signs point to a deeper correction or even a fresh downtrend for wave (3). Technical Confluence at Wave (2) Wave (2) ends within multiple layers of resistance: a price zone, a wave count, and a rising wedge. Combined, this quadruple confluence is a textbook reversal scenario. Macro factors support a top: Central bank divergence is flattening Yen may rebound on global uncertainty Sterling faces domestic fragility
Short
by m0bh4y4t
3
GBPJPY - Multi Year SHORTS Coming! (Over 10,000pips)Here we have the 2 month chart of GBPJPY. We can see that we're in a massive ending diagonal made up of 5 waves. We are currently on wave 4 and have almost completed. At the moment we are working within the parameters of a channel however we must be aware that we may exceed the channel. The channel is just there for us to use as a guideline. In 2007, we have a really nice ending diagonal (expanding) before we made that ridiculous +13k pip drop. See below for the 2D GBPJPY chart from 2007: We can see that the lower timeframe diagonal broke down beautifully. We are anticipating something similar this time round! See below for the 2D GBPJPY chart of the current diagonal: We've got an almost identical price action as 2007. We just got to wait a little and watch for the break of the red trendline and enter and hold. See below for the 2week chart of GBPJPY: Trade Idea: - Watch for a break of the ending diagonal - Alternatively, you can wait for a pullback after the ending diagonal breaks - stop loss above highs once entry trendline breaks - Swing Target: 100 (10,000pips) What do you guys think? Goodluck and as always, trade safe!
by WicktatorFX
9
Waiting for the bigger move with GBPJPYHi Traders! Right now, GJ is failing to swing higher at a major resistance at 199.200. Looking at the 4HR, yesterday July 16th, price wicked down to 198.000 retesting a previous 4HR CHOCH, then pulling back up to continue consolidation in between 198.000 and 199.200. However, on the 4HR price didn't close below 198.000 with continuation, which would make me believe that if the new 4HR CHOCH is valid, eventually price will break through 199.200. This will require patience if I want a bigger move. A more conservative approach to this trade, for me, would be entering on the break with a retest/bounces off 199.200. SL below a new HL, TP1: 201.000, Overall TP: 202.000. In addition, the only way I would sell is if price broke down past 198.500/198.200, and kept rejecting. Then, I could see a downside. But, imo price action just it's giving that confirmation right now. *DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
Long
by thattradergirl
7
GBPJPY BULLISH OR BEARIS DETAILED ANALYSISGBPJPY has successfully broken out of a long-term falling wedge on the weekly chart, and the bullish momentum is unfolding as expected. Price has rallied from 190.00 to the current 197.00 level, delivering solid profits from the breakout zone. This continuation setup is extremely strong, with the market respecting the wedge breakout structure and forming higher highs. As long as we hold above the 190.00 support, the bullish bias remains fully intact, with 205.00 as the next key upside target. Fundamentally, the British pound remains well-supported due to the Bank of England’s hawkish stance. Despite softer inflation data, the BoE has signaled a cautious approach to rate cuts compared to other central banks, maintaining underlying GBP strength. On the other side, the Japanese yen continues to weaken as the Bank of Japan sticks with its ultra-loose monetary policy. Yen weakness is further fueled by rising US and UK bond yields, widening the yield differential and attracting carry trades into GBPJPY. Technically, the breakout is unfolding with textbook precision. Price has cleared descending resistance, retested it, and is now building a new leg higher. The volume profile is supporting this bullish breakout, and market structure is confirming further upside. The 200.00 psychological level may act as a minor resistance, but once cleared, 205.00 is well within range and aligns with major Fibonacci extensions. GBPJPY is also benefiting from increased volatility in risk-on sentiment, as equity markets remain firm and bond yields rise globally. Traders are favoring high-yielding currencies like GBP while shorting low-yielders like JPY. With the fundamentals and technicals now strongly aligned, this trade is well-positioned to deliver continued profits toward 205.00 and beyond.
Long
by AndrewsMarket-Mastery
2