GBP/JPY – Testing Strong Resistance at 200.200👋Hello everyone, what do you think about the trend of OANDA:GBPJPY ?
Today, this pair is facing strong resistance around the 200.200 level, a key area that needs to be broken for further bullish momentum. After forming a gap and a corrective move to fill it, GBP/JPY could continue its upward trend if it leverages the strength from the trendline support.
As long as the trendline holds, the buy strategy remains favorable. Pay close attention to price action around this level to find safe trading opportunities.
What are your thoughts on GBP/JPY? Share your opinions in the comments!
GBPJPY
GBPJPY – Testing the Range Once AgainGBPJPY has been stuck in a wide range between 198.00 (support) and 200.50 (resistance) for several weeks now.
🔻 Sellers continue to defend the upper boundary (red arrows).
🔹 Buyers are stepping in around the 198.00 demand zone (blue arrows).
📈 Price is currently rejecting the resistance area once more while also sitting above the rising trendline (red).
If the resistance holds, we could see a rejection toward the lower bound of the range. On the other hand, a clean breakout above 200.50 would be needed for bulls to take full control. 🚀
This setup makes GBPJPY one of the key pairs to watch in the coming days.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and follow your trading plan before making any investment decisions.
📚 Stick to your trading plan regarding entries, risk management, and trade execution.
Good luck!
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GBPJPY: Long Trade with Entry/SL/TP
GBPJPY
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long GBPJPY
Entry Point - 199.06
Stop Loss - 198.80
Take Profit - 199.60
Our Risk - 1%
Start protection of your profits from lower levels
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EUR/USD | EUR/USD Breaks 1.17 – Eyes on 1.176+ Targets! (READ)By analyzing the EUR/USD chart on the 4-hour timeframe, we can see that the price held at the 1.16 demand zone as expected and managed to climb above 1.17 with confirmation. Currently, it’s trading around 1.173. If the price can break the 1.174 resistance and close above it, we can expect further upside.
The possible bullish targets are 1.176, 1.177, and 1.179.
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GBPJPY H4| Bearish reversal in playGBP/JPY has rejected off the sell entry, which is a pullback resistance, and could drop from this level to the downside.
Sell entry is at 200.06, which is a pullback resistance.
Stop loss is at 200.84, a resistance level that aligns with the 127.2% Fibonacci extension.
Take profit is at 198.59, which is a pullback support.
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Sell Signal on GBPJPYThe GBPJPY is forming beautiful and obvious Lower Lows. It already formed its first LL which indicating the Bearish Signal below its previous LL below 199.34.
Further the Bearish divergence is confirming the selling point. I am 95% sure for the bearish move towards TP 1 and TP 2.
I have still an eye on Pound Index. If the BXY closes above its resistance at 135.54 then the above Idea may heart yet we have to stick to our Risk to reward ratio.
My risk on two trades is 1% each if TP1 Hit, I will move my SL into Breakeven and let the price move to my TP or revised SL with 0 risk.
GBPJPYHello friends
Given the upward trend we are having, you can see that the price is stuck in this resistance area and every time it hits it, the price corrects itself. Now that the price has risen from the strong bottom, we need to see if it can finally break the resistance or not?
In case of a valid resistance break, the price can move to the specified targets.
But if this time the price fails to break the resistance and corrects, we will have to see how the indicated support will work.
*Trade safely with us*
GBP/JPY BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
We are now examining the GBP/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 199.370 level.
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GBP/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
GBP/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 195.717 area.
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GBPJPY - trend exhaustion!! All the signs of the uptrend exhaustion are visible, such as
- inability to make higher highs
- double top formation
- rangebound price action
I am looking for a close below the 50ema and a break/retest of the bottom of the range, to go short.
This is not a trade recommendation; it’s merely my own analysis. Trading carries a high level of risk so carefully managing your capital and risk is important. If you like my idea, please give a “boost” and follow me to get even more.
GBP/JPY – Uptrend within Sideway RangeIn the recent context, both GBP and JPY have been under pressure: the British pound faces risks from fiscal concerns, while the Japanese yen weakens due to political instability in Japan. Combined, GBP still holds the upper hand thanks to UK gilt yields remaining elevated, helping the pair maintain a slight bullish bias.
On the H2 chart, GBP/JPY is moving sideways within a wide range. The EMA34 and EMA89 are converging around the current price area, indicating that buyers remain in control. The key support at 198.400 has held firm multiple times, while short-term resistance lies at 199.700.
Overall, the main trend remains bullish within the sideway channel. As long as price holds above 198.400, GBP/JPY has the potential to rebound and continue testing the 199.700 zone, and possibly push above the 200.000 mark.
GBP/JPY 200 Tangle ContinuesGBP/JPY continues to tangle with the 200.00 level and at this point bulls haven't shown that they can leave that level behind. But - along the way the pair has built an inverse head and shoulders pattern that illustrates breakout potential - so if we can see the persistence remain there could soon be an open door for a topside breakout.
GBP/JPY has had limited time above that price since the 2008 sell-off, which interestingly created a gap that remains in-play today. I've written here about that zone, with 198.08 as the top of the area that has recently come back in as support while helping to hold the lows last week. If we do get a larger pullback before a 200.00 breakout, that's the level that buyers need to hold to retain control, or else the setup will start looking like a failure.
Above the 200 level, the next major swing sitting overhead plots at 203.83, and ultimately it's the 2024 high at 208.12 that garners attention, with a swing level at 205.77 between those two prices. - js
GBPJPY Is Bearish! Short!
Take a look at our analysis for GBPJPY.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 199.352.
Considering the today's price action, probabilities will be high to see a movement to 198.703.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBPJPY: Expecting Bearish Movement! Here is Why:
Balance of buyers and sellers on the GBPJPY pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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GBPJPY H1 | Bearish drop offBased on the H1 chart analysis, we could see the price rise to the sell entry, which is a pullback resistance that aligns withthe 38.2% Fibonacci retracement and could drop from this level to the downside.
Sell entry is at 199.12, which is a pullback resistance that lines up with the 38.2% Fibonacci retracement.
Stop loss is at 199.51, which is a pullback resistance that lines up with the 61.8% Fibonacci retracement.
Take profit is at 197.93, whichis a multi swing low support that lines up with the 61.8% Fibonacci projection.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
GBP_JPY BULLISH BIAS|LONG|
✅GBP_JPY is set to retest a
Strong support level below
At 197.900 after trading in a local
Downtrend for some time
Which makes a bullish rebound
A likely scenario with the target
Being a local resistance
Above at 199.100
LONG🚀
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XAU/USD | Breakout in Progress – Are You Ready for the Next ATH?By analyzing the gold chart on the 4-hour timeframe, we can see that, as expected from our analysis two days ago, the price began its bullish move from the $3383 zone and successfully hit all four targets at $3393, $3398, $3404, and $3409 — but it didn’t stop there! Gold continued its rally beyond those levels.
As anticipated in yesterday’s outlook, we closely watched the $3419–$3429 supply zone for a potential bearish reaction. When price reached $3424, it dropped to $3404, validating our second scenario as well. Although the drop could’ve extended further, the combined result of both scenarios delivered over 500 pips of total profit!
After hitting $3404, gold gained demand again — and with the release of the U.S. Core PCE data, this bullish trend strengthened, pushing price up toward its all-time high (ATH) near $3500. Gold is now trading around $3447, just 500 pips away from that historic level.
Given the increasing odds of a Fed rate cut in September, the bullish momentum is likely to continue. In my view, a new ATH for gold could be on the horizon in the coming weeks.
Hope this analysis helps you ride the wave — make the most of it! 💰📈
THE LATEST ANALYSIS 👇🏼
Will $3500 be the next stop for gold? 👀
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GBPJPY resistance retest at 200.40?The GBPJPY pair is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the resistance, suggesting a temporary relief rally within the downtrend.
Key resistance is located at 200.40, a prior consolidation zone. This level will be critical in determining the next directional move.
A bearish rejection from 200.40 could confirm the resumption of the downtrend, targeting the next support levels at 197.55, followed by 196.20 and 195.35 over a longer timeframe.
Conversely, a decisive breakout and daily close above 200.40 would invalidate the current bearish setup, shifting sentiment to bullish and potentially triggering a move towards 201.30, then 0.8140.
Conclusion:
The short-term outlook remains bearish unless the pair breaks and holds above 200.40. Traders should watch for price action signals around this key level to confirm direction. A rejection favours fresh downside continuation, while a breakout signals a potential trend reversal or deeper correction.
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.
GBP/JPY, EUR/JPY Bulls Eye Breakout, USD/JPY RangingLooking at market positioning, I outline why I think futures traders are anticipating a stronger Japanese yen in the coming weeks. Though as you'll see on the daily charts, momentum is currently against yen bulls with USD/JPY lifting from its range lows and both EUR/JPY and GBP/JPY eyeing bullish breakouts.
Matt Simpson, Market Analyst at City Index and Forex.com
GBPJPY Technical Analysis! SELL!
My dear friends,
My technical analysis for GBPJPY is below:
The market is trading on 199.36 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 198.91
Recommended Stop Loss - 199.59
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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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