Get started

Gbpjpyanalysis

GBPJPY: Thoughts and Analysis pre-BOE.Today's focus: GBPJPY Pattern – Ascending Triangle Pattern Support – 181.16 - 178.17 Resistance – 184.12 - 183.65 - 186.50 Hi, and thanks for checking out today's update. Today, we are looking at the GBPJPY on the daily chart. For now, we remain bullish on this pair, but as we have discussed in today's video analysis, we want to see a new weekly high to show buyers are in control after Tuesday's breakout. The worry is that buyer momentum might not be as strong as first thought, and we could see selling continue to grind down Tuesday's move. What will the BOE bring to the table? Rates are forecast to remain on hold, but what will we see in the statement? Will it support buyers or add to the indecision? Good trading.
Long
by Eightcap
GBPJPY I Short from resistance and more growthWelcome back! Let me know your thoughts in the comments! ** GBPJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
GBPJPY Long Term SELLING Trading IdeaHello 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
Long
by ForexPlanet20
2
GBPJPY buy oppertunityThis situation in the GBPJPY market appears to be a clear illustration of a stop hunt and market imbalance: 1. The market is currently in a period of consolidation, trading within a horizontal range on a daily basis. 2. Earlier today, there was an attempt to break below the support level, and the market even traded below that level for a while. 3. However, what stands out is the emergence of a bullish engulfing candle, indicating an imbalance in the market. 4. This particular candle leads me to suspect that the preceding bearish movement might have been the result of market manipulation rather than genuine selling pressure. 5. Consequently, I anticipate an upward move in the GBPJPY market, with a target level of 182.3.
Long
by HUMCRYPTOCLUB
GBPJPY: The market is worried about Japan's foreign exchange intThe BoJ meeting will start tomorrow morning. This could be the most interesting meeting in recent times if the BoJ announces a change to its YCC policy and this could cause serious volatility in Japanese Yen pairs. After the BoJ meeting, the outlook for USD/JPY is likely to differ significantly ahead of the FOMC meeting. The Fed is expected to keep interest rates unchanged, but the focus will be on the Fed's direction in the near future and the possibility of raising interest rates in December.
Short
by TrategySherpa
GBPJPY Long Term SELLING Trading IdeaHello 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
Long
by ForexPlanet20
GBP/JPY Faces Uncertainty Amid Central Bank Policy DecisionsThe GBP/JPY currency pair is currently in a volatile state, influenced by contrasting policy expectations from the Bank of England (BoE) and the Bank of Japan (BoJ). While the BoE is likely to maintain its benchmark interest rate, the BoJ may adjust its yield curve control policy, lending support to the Yen. Technical indicators suggest a bearish outlook for the pair, with key levels to watch around 180.40 and 180.00. Traders are exercising caution, awaiting crucial policy updates from both central banks later this week. A nuanced trading strategy is advised. ANALYSIS: Central Bank Policies: The Bank of England (BoE) is expected to maintain its benchmark interest rate, which has been putting pressure on the GBP. On the other hand, the Bank of Japan (BoJ) is speculated to adjust its yield curve control (YCC) policy, lending some support to the JPY. This divergence in central bank policies suggests a bearish outlook for the GBP/JPY pair. Technical Indicators: The pair has failed to sustain above the 50-day Simple Moving Average (SMA), and oscillators on the daily chart are drifting into negative territory. These technical indicators support a bearish bias. Economic Indicators: Lackluster employment figures and mixed PMIs from the UK, coupled with rising inflation in Japan, add to the bearish sentiment. Market Sentiment: Traders are currently in a holding pattern, awaiting central bank decisions. This cautious sentiment generally favors safe-haven currencies like the JPY over riskier assets like the GBP. Given the current economic indicators, central bank policies, and technical signals, a bearish outlook seems more likely for the GBP/JPY pair in the short to medium term. However, it's crucial to keep an eye on upcoming central bank announcements as they could introduce volatility and potentially invalidate the current setup. Always exercise proper risk management and consult with a financial advisor before executing any trades.
Short
by RichDadph-FX
GBPJPY - W1\D1GBPJPY W1 - We can say that a strong “Head and Shoulders” pattern has already been formed. You can also pay attention to the formation of a 3-wave structure for a trend reversal. In this scenario, it would be possible to see the price at 164.120. Otherwise, if the price remains at these values, a triangular formation can be considered. D1 - The price is moving in a small zone, in order to consider selling, it is better to wait for fixation at the level of 180.720 and try to consider short positions from these values. What to expect now? Wait until it fixes at the level of 180.720 and try to consider short positions from these values with targets up to 169.380. Cancellation of idea 183,870 - 187,230. Short Targets 164,120 - 172,745 - 169,380 - 164,120
Short
by Trade_Hive_Signals
GBP/JPY : Are we going to see a bullish reversal?Dear traders, in my previous GBP/JPY trade idea, I recommended you to sell GJ@183.70. Shortly after, GJ continued to fall and went as low as 181.10. So, if you followed my idea, you could have made 260 Pips! (Link to the previous idea has been pasted here below ) Now, as per the current scenario, GBP/JPY is very close to the 100-day exponential moving average level. If price does touch the mav, then I will be looking for buy entries as indicated in the chart. Entry : 180.70, SL below 179 and TP: 185
by MarcellusLUX
3
Watch out! GBP/JPY inching closer to the hourly resistanceHello trader, in both of my last two ideas on GBPJPY, I advised you to go long in GJ. Price was at 181.30 back then. So, if you followed you already made over 200 pips profit. Currently, on the hourly chart, GJ is inching closer to the hourly resistance at 183.80 zone. If the zone holds and we see the formation of some rejection candles in this area, then we can expect GJ to fall to 182.50. Watch out for GBP data later in the day which can trigger big moves in GJ
by MarcellusLUX
9