GBPJPY Short then Long to 198.000Looking to take an intraday short depending on PA and opening of market then looking for the long setup to 198.00.
GBPJPY trade ideas
GBPJPY : Could price break the resistance area?Looking at the 1-hour chart of GBP/JPY, price is currently trading around 195.53, caught between two significant zones. Immediate resistance lies around the 196.40–196.50 area, where price has previously rejected several times—this is a strong supply zone.
On the downside, the 194.40–194.60 zone acts as key support and demand, with price bouncing off this level multiple times, showing buyers are still defending it.
The overall structure still respects a higher low formation, supported by an ascending trendline from the end of May, suggesting bullish bias unless that structure breaks.
Next week, keep an eye on UK CPI and BOE rate decision—both could be big movers. If CPI comes in hot, it could spark bullish momentum and push GBP/JPY through the 196.50 ceiling.
On the other hand, dovish BOE commentary could reverse sentiment fast. For now, potential long entries could be considered near 194.60 support with targets toward 196.50, while shorts might be taken around the resistance zone with tight stops and confirmation.
Always watch for breakout or rejection signs at these levels before committing.
Forex Pairs. Orderflow and Thought Process. Part 1Outlined overall orderflow on currency pairs. Go ahead and check it out
CHECK GBPJPY SIGNAL READ CAPTAINgbpjpy sell now ✅
entry point (195.100) (195.200)
TAKE PROFIT 1: (194.750)
TAKE PROFIT 2: (194.250)
LAST TARGET (193.750)
STOP LOSS (195.600)
GBP/JPY Consolidates After Pushing Above May HighGBP/JPY consolidates after pushing above the May high (196.41) earlier this week, but the pullback in the exchange rate may turn out to be temporary as it holds above the monthly low (192.73).
In turn, a move/close above the 195.70 (61.8% Fibonacci extension) to 196.60 (23.6% Fibonacci extension) region may lead to a test of the January high (198.26), with the next area of interest coming in around the December high (198.96).
However, lack of momentum to push/close the 195.70 (61.8% Fibonacci extension) to 196.60 (23.6% Fibonacci extension) region may push GBP/JPY back towards the monthly low (192.73), with a break/close below the 192.40 (50% Fibonacci extension) to 193.50 (38.2% Fibonacci extension) zone bringing the May low (190.33) on the radar.
--- Written by David Song, Senior Strategist at FOREX.com
GBP_JPY LOCAL SHORT|
✅GBP_JPY has been growing recently
And the pair seems locally overbought
So as the pair is approaching a horizontal resistance of 196.400
Price decline is to be expected
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBPJPY SHORT FORECAST Q2 W24 D13 Y25GBPJPY SHORT FORECAST Q2 W24 D13 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Daily order block
✅15' order block
✅Intraday breaks of structure
✅4H 50 EMA rejection
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
GBP/JPY trendGBP/JPY is trading within an ascending channel and has recently bounced strongly from the key support area around 193.77. As long as this level holds, the price is expected to push higher toward the resistance at 194.81 and potentially 195.45. A break below 193.77 would invalidate the bullish scenario and could indicate a shift to a more neutral or bearish structure.
GBP/JPY Bearish Pullback to Key Fibonacci LevelsGBP/JPY shows a strong bearish move followed by a consolidation near the 0.236–0.382 Fibonacci retracement zone. I’m monitoring this area closely as price retests the 0.5 (194.648) and 0.618 (194.855) Fibonacci levels — classic zones for bearish continuation setups.
This setup suggests that price may reject the 0.618 zone, especially if volume and candle structure confirm resistance. My trade idea is based on short entries near 0.5–0.618 with a potential continuation toward 193.33 (-0.25) and 192.68 (-0.618 extension).
CHECK GBPJPY SIGNAL READ CAPTAINgbpjpy buy now ✅
entry point (195.150) (195.100)
TAKE PROFIT 1: (195.300)
TAKE PROFIT 2: (195.500)
LAST TARGET (195.650)
STOP LOSS (194.900)
MY PRICE ACTION IDEA 1. 4-Hour Chart:
○ You identify a clear uptrend (making HH and HL).
○ You mark a significant 4-hour Support Level where price has bounced strongly multiple times in the past.
○ Confluence: Strong uptrend + major support. Your bias is to buy.
2. 30-Minute Chart:
○ Price pulls back from a recent high and approaches your identified 4-hour support level.
○ As price touches the 4-hour support, a large Bullish Engulfing Bar forms and closes. The body of this candle completely engulfs the previous bearish candle.
○ Confluence: Price at 4H support + Bullish Engulfing Bar + aligns with 4H uptrend. This is your potential setup.
3. 5-Minute Chart:
○ After the 30-minute Bullish Engulfing Bar closes, you switch to the 5-minute chart.
○ You see that after the engulfing bar, the 5-minute chart has formed a new higher low and then broken above a short-term 5-minute resistance level, with a strong bullish 5-minute candle closing above it.
○ Entry: You enter a long trade immediately after the 5-minute confirmation candle closes.
○ Stop Loss: Place your stop loss just below the low of the 30-minute Bullish Engulfing Bar (or slightly below the 4-hour support).
○ Take Profit: Identify the next major 4-hour resistance level as your target.
○ Confluence: 30M signal confirmed by 5M structure break + tight stop loss placement.
GJ 6/10/25 APre-Analysis
1) Session Break (A took out NY)
2) Expecting? (Trend)
3) High Volume located at (End)
4) Leg being traded? (1)
5) Market digestion? (1hr)
6) Edge? (S1) higher TF is (1hr)
7) Edge Specifics? (S1H)
8) Continuation
9) Micro Timeframe (15min)
10) Class (B)
GBPJPY Uptrend and Bullish Continuation Patterns on H4 TFDespite price being in a daily resistance zone, GBPJPY is still showing strong signs of being bullish. I would caution against committing to any short positions - at least on a long term basis.
CHECK GBPJPY SIGNAL READ CAPTAINgbpjpy buy now ✅
entry point (195.100) (195.000)
take profit 1: (195.350)
take profit 2: (195.650)
last target (196.000)
stop loss (194.700)
GBPJPY WONDERMAP GBPJPY WONDERMAP
Bias: BUY
Daily candle closed bullish
H4 breakout zone retest in play
H1 support being respected
M30 breakout trendline intact
Lower timeframe momentum confirmation on standby
We're looking at a swing wave formation.
Expect price to tap into support, confirm structure, then blast toward 197.088 and 197.550.
25
#GBPJPY TODAY'S PRICE ACTION SETUP BEARISH
The GBPJPY Pair traded in Ascending channel to major Resistance then started consolidating 196.32 price region a strong bearish pressure can pull the price back to 192.55 support price level.
GBPJPY for long 15m*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
GBPJPY STILL BULLISH.More expansion expected on GbpJpy as we anticipate a break above the key level as shown in my chart
SELL GBPJPYGBPJPY may see some downs for todays trading sessions. Price has been gradually moving up a bearish flag channel and looks to be preparing to decline. Stop above the top.
CHECK GBPJPY SIGNAL READ CAPTAIN Entry: around 195.800/195.700✅
Take Profit 1: 195.950✅
Take Profit 2: 196.200✅
Last Target: 196.500✅
Stop Loss: 194.400❌
TECHNICALLY ANALYSIS SATUP
FALLOW RISK MANAGEMENT ✅
Possibility of uptrend It is expected that after some fluctuation, the upward trend will start and will advance to the previous ceiling. In this case, the continuation of the upward trend will be likely. If the price breaks through the support area, the continuation of the downward trend and correction will be possible.
GBPJPY Eyes Reversal from Resistance – Bears Geting ReadyHey Traders,
OANDA:GBPJPY is currently testing a key resistance zone around 195.75 - 196.35, showing early signs of rejection. The pair recently completed a bullish impulse, but bearish pressure is creeping in as price forms a potential lower high-suggesting a possible shift in structure.
Current Market Conditions:
Price is reacting to a historically significant resistance near 196.35, which has capped previous rallies.
Bearish engulfing candle near this zone signals exhaustion of bullish momentum.
A break below 195.00 would confirm a short-term trend reversal, with room for a deeper pullback.
Next major support lies at 193.51, which aligns with previous demand and consolidation zones.
Fundamental Analysis/Outlook:
Today’s UK labor market data showed slowing wage growth, reducing pressure on the Bank of England to maintain a hawkish stance. Meanwhile, JPY strength is creeping in as market participants remain cautious ahead of upcoming BoJ announcements. This divergence in monetary policy outlooks may fuel further downside in GBPJPY.
Targets:
TP1: 194.79
TP2: 193.51
TP3 (extended): 192.20 (if risk sentiment sharply worsens)
Risk Management:
Stop-Loss: Above 196.35 to invalidate bearish bias.
Maintain proper position sizing.
Wait for confirmation of a lower high or trendline break before aggressive entry.
Technical Outlook:
Potential bearish structure forming.
Resistance held multiple times between 195.75 – 196.35.
Rejection candles and a break of recent support would favor sellers.
Conclusion:
If price confirms rejection at current levels, bears could take control toward 193.50 support. Keep an eye on momentum shifts and key price action signals for confirmation.
Sign-off:
"Markets move on conviction, not hope. Trade what you see, not what you feel."
I would love to hear your thoughts in the comment section, and please hit boost and follow for more ideas. Thank you, and profitable trading to you all!
