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British Pound / Japanese Yen

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GBPJPY trade ideas

GJ|- Bullish Momentum Setup for Next Week4H – From the top-down, price has been respecting structure and just broke major highs with strong momentum to the upside. 30M – Price pulled back into structure, refined to the cleanest level. Before that, we had the professional sweep I mentioned in my last GJ post. 5M – I’m watching for a sweep of SSL into my refined zone before taking an entry. Once that happens, I’ll look for bullish follow-through. Buy Zone: 196.264 SL: 195.925 Bias: Bullish continuation into next week — pending liquidity sweep confirmation.
Long
by Juicemannn
GBPJPY; Heikin Ashi Trade Idea📈 Hey Traders! Here’s a fresh outlook from my trading desk. If you’ve been following me for a while, you already know my approach: 🧩 I trade Supply & Demand zones using Heikin Ashi chart on the 4H timeframe. 🧠 I keep it mechanical and clean — no messy charts, no guessing games. ❌ No trendlines, no fixed sessions, no patterns, no indicator overload. ❌ No overanalyzing market structure or imbalances. ❌ No scalping, and no need to be glued to the screen. ✅ I trade exclusively with limit orders, so it’s more of a set-and-forget style. ✅ This means more freedom, less screen time, and a focus on quality setups. ✅ Just a simplified, structured plan and a calm mindset. 💬 Let’s Talk: 💡Do you trade supply & demand too ? 💡What’s your go-to timeframe ? 💡Ever tried Heikin Ashi ? 📩 Got questions about my strategy or setup? Drop them below — ask me anything, I’m here to share. Let’s grow together and keep it simple. 👊
Short
by Matej_trader
1
I’m bearish on GBPJPY — a countertrend short from resistance.GBPJPY – Resistance Holds as Momentum Shifts 📉 Trends don’t last forever — sometimes the turn starts quietly, deep inside the lower timeframes. GBPJPY’s daily uptrend is losing its edge, with 4H momentum already rolling over. Price is now pressing against a heavy resistance zone, flashing early sell signals. 📉 I’m bearish on GBPJPY — a countertrend short from resistance. Key Drivers: GBP hit by a 25 bps Bank of England rate cut 📉 Daily uptrend losing momentum, 4H showing reversal patterns 🔄 JPY still fundamentally weak, but sentiment extremely bearish (ripe for short-covering) ✅ Clear invalidation if price breaks above resistance 🎯 The British Pound’s bullish streak took a hit after the BoE confirmed a 25 basis point rate cut, marking a dovish shift to support the UK’s slowing economy. This move reduces GBP’s yield advantage and puts pressure on its recent strength, especially against currencies that could benefit from even a small sentiment reversal. The Japanese Yen remains structurally weak — slow policy tightening, weak GDP growth, and heavy debt keep it under pressure. But with market positioning heavily skewed against the Yen, even modest safe-haven flows or profit-taking could spark upside moves in JPY pairs. In this setup, I’m looking to fade GBPJPY’s test of resistance, leaning on the loss of short-term momentum as the first sign that the broader uptrend may be tiring. A rejection here could open a retracement toward recent 4H support zones, while risk remains clearly defined above resistance. Would you take this countertrend shot, or wait for daily structure to fully break?
Short
by Wainainarobert
GBP/JPY Approaches Monthly HighGBP/JPY extends the recent series of higher highs and lows to approach the monthly high (199.31), with a move/close above the 199.80 (61.8% Fibonacci retracement) to 200.50 (78.6% Fibonacci extension) zone opening up 201.20 (23.6% Fibonacci retracement). Next area of interest comes in around 202.00 (23.6% Fibonacci extension), but the bullish price series may turn out to be temporary should GBP/JPY fail to test the July high (199.98). A move/close below the 195.70 (61.8% Fibonacci extension) to 196.60 (23.6% Fibonacci extension) region brings the monthly low (195.04) on the radar, with the next area of interest coming in around 192.40 (50% Fibonacci extension) to 193.50 (38.2% Fibonacci extension), which incorporates the June low (192.73). --- Written by David Song, Senior Strategist at FOREX.com
by FOREXcom