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GBPJPY trade ideas

GBPJPY - Look for Long (INTRADAY) 1:4.5 and Short (SWING) 1:XXGBPJPY appears to remain in a distribution phase from the supply zone, making its way toward the next demand zone on the higher time frame. We might see a potential sell opportunity during any consolidation before the price continues trending toward the demand area. Let’s wait and see how price action develops — there’s a chance for entries in both directions, but only if a clear consolidation forms. Otherwise, it’s best to remain patient and look for setups at the next key resistance level. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_
GBPJPY At the Top? Massive Liquidity Grab📈 1. Price Action & Key Technical Levels (Daily Chart) Price reached a major supply zone between 196.0 and 197.0, showing clear rejection (weekly pin bar and a lower high structure relative to the previous peak). The long-term descending trendline acted as resistance again. A confirmed rising wedge pattern broke to the downside, with first target around 191.4, and extended target near 187.4 (key demand zone with historical confluence). Weekly RSI shows a bearish divergence vs price highs – an additional signal of bullish exhaustion. 📊 2. COT Data (as of June 3, 2025) GBP (British Pound) Net long positions increased by +30,371 contracts (Commercial + Non-Commercial). Non-Commercials: 103,672 long vs 68,457 short → net long +35,215 but the increase is relatively modest. Commercials are increasing both long and short positions, but the net delta supports medium-term GBP resilience. JPY (Japanese Yen) Net short worsened by -13,566 contracts. Non-Commercials are cutting longs and adding shorts → aggressive yen selling. Commercials remain heavily short (275,659 vs 100,151 long). ➡️ COT Conclusion: GBP remains structurally strong, but the JPY is now extremely oversold, increasing the likelihood of a technical correction in favor of JPY (GBPJPY pullback). 📉 3. Retail Sentiment 72% of retail traders are short GBPJPY, with an average entry at 191.2. Current price is above 195.8 → a liquidity sweep above retail shorts may have already occurred. The order book shows a heavy sell cluster between 195.0–195.9 → potential zone of manipulation/liquidation. ➡️ Contrarian view: After sweeping liquidity above retail highs, we may now see downside pressure to clean out breakout longs. 📅 4. Seasonality June tends to be neutral to bearish: 5-year average: +0.45% (weak gain) 10- and 15-year averages: -1.24% and -1.30% Historically, the first 10 days of June often mark a local top, followed by a decline – consistent with the current price structure. 🧠 5. Macro-Technical Confluence The broader setup points to a distribution phase between 195.5–196.5, with high probability of a technical pullback toward 193.5–191.4 in the short-to-medium term. The yen's oversold conditions may ease temporarily, supporting a corrective GBPJPY retracement. Break below 193.5 would confirm the move toward 191.4 and eventually 187.4 – an area of institutional interest. 🔍 Trade Setup Summary (Bias: Bearish) Technical context: Short setup confirmed by structure break, divergence, and supply rejection. Macro/sentiment context: Supports a corrective pullback on the pair. Strategy: Look for intraday weakness below 195.0–194.5 → targeting 193.5, then 191.4. Invalidation: Daily/weekly close above 197.0.
Short
by EdgeTradingJourney
12
GBPJPY Will Go Higher! Buy! Here is our detailed technical review for GBPJPY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 194.845. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 199.003 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. 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
1
GBPJPY Hello traders. There is a sell opportunity on the GBPJPY pair. We just need to wait for the price to retest the marked level. Once that happens, it will present a good entry opportunity. You can consider joining the trade with the following targets: 🔍 Trade Details ✔️ Timeframe: 15-Minute ✔️ Risk-to-Reward Ratio: 1:2 ✔️ Trade Direction: Sell Limit ✔️ Entry Price: 195.251 ✔️ Take Profit: 194.715 ✔️ Stop Loss: 195.519 🔔 Disclaimer: This is not financial advice. I’m simply sharing a trade I’ve taken based on my personal trading system, strictly for educational and illustrative purposes. 📌 Interested in a systematic, data-driven trading approach? 💡 Follow the page and turn on notifications to stay updated on future trade setups and advanced market insights.
Short
by Nurlan_PT
GBPJPY Strong rebound. Buy opportunity.The GBPJPY pair has been trading within an Ascending Triangle pattern. Today's geopolitics made the price form its latest Higher Low at the bottom of the pattern, which also coincided with a 4H MA200 (orange trend-line) test, and rebounded. That was a clear buy signal on the 4H RSI Support that signaled the last three bottom buys. Our Target is the top of the pattern at 196.300. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
DeGRAM | GBPJPY reached the resistance for the third time📊 Technical Analysis ● Price stalled in the 195.5-196.0 red resistance zone and printed a bearish engulfing (labelled “bearish take-over”) after repeatedly failing at the channel roof; the pattern completes a rising-wedge false break. ● Candle has slipped back under the mid-support band 194.0-194.3 and the wedge base; sustained trade below it opens a drop toward 193.50 (prior swing shelf) then 191.80 within the broader channel. 💡 Fundamental Analysis ● After May’s weak UK GDP outlook and dovish Bailey remarks, gilts out-performed JGBs for a second week, trimming the yield premium, while risk-off flows ahead of the BoJ meeting add yen demand. ✨ Summary Short ≤195.5; break beneath 194.0 targets 193.5 → 191.8, stretch 190.4. Short view void on a 4 h close above 196.0. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
4
GBPJPY follow the ascending channel selling from supply zoneGBPJPY Update – 1H Timeframe Price is respecting the ascending channel and currently reacting from a key supply zone at 166.100. Sellers are stepping in! 🎯 Technical Targets: 🔻 1st Target: 195.000 – Major Demand Zone 🔻 2nd Target: 193.300 – Bullish Order Block / Demand Zone Structure still bullish overall, but short-term correction in play. 💡 Smart money eyes the zones — are you ready? 👇 Don’t forget to: 💬 Comment your thoughts ❤️ Like if you caught the move 🔔 Follow for more real-time trade setups & market insights Trade smart. Stay ahead. — Livia 💋
Short
by LIVIATRACK
1
GBPJPY BUY TRADE PLAN🔥 Pro Trade Plan – GBP/JPY 🗓️ Date: May 15, 2025 🧾 Style: Discretionary | Raw Price Action | Institutional Flow Logic 🧭 Market Narrative & Multi-TF View: 1H: Price coiling tightly under 196.20. Wicks showing absorption near highs. Volatility compression = breakout likely. 4H: Consolidation just below previous supply. Strong demand from 195.00 zone holding firm. 1D: Structural pivot. Buyers showing dominance with higher lows but stuck under ceiling. Weekly: Mid-structure churn. Trend still bullish-biased, but 196.50–198.00 key resistance area. 🎯 Trade Strategy Breakdown ✅ Primary Trade Idea: Breakout Long (Pending Order) Type: Intraday to short-term swing Status: 🟡 Pending Breakout – Not Yet Triggered Trigger: H1 or H4 candle close above 196.20 Order Type: Pending Buy Stop @ 196.25 Stop Loss: 195.20 (below 4H structure low) Take Profits: TP1: 196.80 (gap fill) TP2: 197.50 (weekly resistance touch) TP3: 198.20 (extended HTF supply zone) Confidence: 🔵 80% Reason: Solid support below, compression pattern, potential for volatility burst. My Forecast: Breakout likely after compression. I would personally take this setup with tight control on SL if liquidity sweep occurs first. My Forecast: This is tactical – if no clean breakout, we might trap late buyers, dip back to range low. I would only consider it if I see full rejection confirmation. 🧪 Forecast Summary & Execution Logic ✅ Most likely outcome: Breakout to upside after 196.20 breach ❗ Do not enter early — wait for candle close above 196.20 🧠 I would set a pending buy stop and watch volume at the break ❌ Avoid market buys without structure confirmation 🛠️ Final Execution Checklist: Criteria Status Compression below resistance ✅ Institutional liquidity nearby ✅ MTF bias aligned (1H–4H–1D) ✅ Breakout confirmation candle ⏳ Waiting Volume + PA signal ⏳ Waiting 💬 What I Would Do: I will only execute the Buy plan if 196.20 breaks with a solid body and confirmation on H1/H4. I'd place a Buy Stop @ 196.25 with a defined SL. If price rejects violently with a proper reversal signal, I’ll shift focus to the tactical short plan but with reduced size. No market orders pre-break — disciplined entry only.
Long
by jibkhan111
5
GBPJPY Intraday Bearish sideways consolidationThe GBP/JPY currency pair continues to display a bearish outlook, in line with the prevailing downward trend. Recent price action suggests a corrective pullback, potentially setting up for another move lower if resistance holds. Key Level: 196.50 This zone, previously a consolidation area, now acts as a significant resistance level. Bearish Scenario (rejection at 196.50): A failed test and rejection at 196.50 would likely resume the bearish momentum. Downside targets include: 194.20 – Initial support 193.00 – Intermediate support 191.90 – Longer-term support level Bullish Scenario (breakout above 196.50): A confirmed breakout and daily close above 196.50 would invalidate the bearish setup. In that case, potential upside resistance levels are: 197.50 – First resistance 198.30 – Further upside target Conclusion GBP/JPY remains under bearish pressure, with the 196.50 level acting as a key inflection point. As long as price remains below this level, the bias favors further downside toward the 194.20–191.90 region. However, a sustained break above 196.50 would shift sentiment bullish, targeting 197.50 and beyond. Traders should watch for price confirmation around 196.50 to assess the next move. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBP/JPY) Bearish analysis Read The captionSMC trading point update Technical analysis of GBP/JPY (British Pound / Japanese Yen) based on multiple Technical signals on the 4-hour timeframe. Let's break it down in detail: --- Overall Analysis Summary Direction Bias: Bearish Timeframe: 4H Price (at analysis time): 195.033 Tool Used: EMA 200, RSI, Support/Resistance, Chart Pattern --- Technical Components 1. Strong Resistance Zone (~195.800 - 196.200) Marked by 3 red arrows. Price has rejected this level multiple times, forming a Triple Top pattern. Suggests strong selling pressure and low probability of price breaking higher in the short term. 2. Trendline Break (Structure Shift) Ascending support trendline (marked with "$$$") is broken. This is a key market structure break, indicating the bullish momentum is weakening or reversing. 3. EMA 200 (193.661) Price is currently just above the 200 EMA. A clean break and close below the EMA would confirm trend reversal. EMA often acts as dynamic support/resistance. --- Target Zones Two downside targets are indicated: Target 1: 192.600 Minor support level, could be the first stop for bearish pressure. Target 2: 190.733 Strong historical support zone (yellow box labeled big support level). Also aligns with measured move from the top of the range to the base (height of the range). --- RSI (Relative Strength Index) RSI (14): ~43.40 Neutral zone (not oversold yet), meaning there’s room for more downside before oversold conditions are hit. --- Trading Psychology & Risk Management This setup assumes: Sellers continue to defend the resistance zone. Break of structure (trendline + EMA) confirms shift. Traders may consider short entries below 194.800–195.000 with stops above 196.200. --- Trade Idea (Based on This Chart) Entry: Below 194.800 (after break confirmation) Stop-Loss: Above 196.200 Take-Profit 1: 192.600 Take-Profit 2: 190.733 Risk-Reward: Favorable (~1:2+) Mr SMC Trading point --- Caution If price reclaims 196.200 and closes above the resistance, bearish setup is invalidated. Watch for fakeouts near EMA. plesse support boost 🚀 this analysis)
Short
by SMC-Trading-Point
1
Why? Because liquidity is building at this support zone.🚨 GBP/JPY Traders — Don’t Get Trapped! 🚨 GBP/JPY has just touched a major support level, and on the surface, it looks like a golden buying opportunity. But here’s the catch: this is exactly where most retail traders get trapped. Why? Because liquidity is building at this support zone. Smart money knows retail traders have stop losses and pending orders sitting right below — and they’re coming for it. 🧠💰 Here’s what the market is likely to do next: 📈 Step 1: A small bullish bounce to lure retail traders in. Everyone starts thinking, “This is the reversal!” 🔄 Step 2: Boom — a sharp move down. Stop hunts. Fakeouts. Panic sells. The market dips below support, grabbing liquidity. 🚀 Step 3: Once liquidity is swept and BPR (Break Point Range) is hit, then the real move begins. This is a classic setup — trap retail, feed institutional orders, and then drive the market in the true direction. ⚠️ Don’t fall for the bait. Stay patient. Let the trap spring before you strike. 📊 Watch structure. Watch liquidity. Watch price behavior. That’s where the edge is. DYOR — Do Your Own Research. This isn’t financial advice — it’s a trader’s insight. Trade smart. Trade sharp. 💼🔥
Long
by Peter_Wade
OANDA: GBPJPY Sell SetupBased on current price action, the market has approached a key resistance level, forming equal highs—a potential signal of liquidity buildup. Subsequently, a bearish rejection has emerged, suggesting a possible reversal to the downside. As history often repeats itself, there's a strong probability that price may decline again following this structure. Trade Setup (Risk Parameters): Entry: 195.453 Stop Loss: 195.807 Target Levels: Take Profit 1: 194.774 Take Profit 2: 194.253 Take Profit 3: 193.305 I welcome your insights—feel free to share your thoughts in the comments. If you find this analysis helpful, consider boosting and following for more trade ideas. Wishing everyone safe and profitable trading!
Short
by TradesbyJV
20