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Gbpjpyanalysis

GBPJPY 1D 02/05/2023Currently, on the daily timeframe, we are in a bullish range that extends from 165.422 to 172.328, with the latter being the liquidity point of the current range. We can also observe that the price has left an unmitigated zone between 167.341 and 166.431, where we can expect a bullish reaction. Therefore, we can wait for the price to reach this zone to anticipate a possible reaction in favor of the trend, or alternatively, we can go down to lower timeframes to see what new ranges in favor of the trend are forming and can be traded.
Long
by mdr300896
GBPJPY Weekly Analysis 1/5/2023 to 5/5/2023The price currently retesting a major high at 172.071 from 2022 & showing signs of price rejection finding resistance at that high while the price also formed a support at 171.051 on shorter TF. So if price closes below the support on shorter tf then it might continue pushing down as a pullback to retest the next support or uptrendline at 169.229. But if price closes above the recent high then it might continue its bullish run towards the next key level at 174.939.
by mightybullcapital
GBPJPY: Continue the trend!Brace yourself for BOJ's announcement The upcoming decision of the Bank of Japan on interest rates will be closely monitored by the markets, regardless of their expectations. This is because it will be the first such decision made under the leadership of the new Governor Kazuo Ueda. Analysts will carefully analyze the accompanying commentary for any hints on when Ueda may begin tightening monetary policy. The Bank of Japan is likely to provide ample advance notice to the markets, and it is possible that Ueda may make some non-committal comments on Friday. However, he has consistently emphasized his preference for maintaining the current yield curve control in the short to medium term, and is expected to stand by this stance.
Long
by Sphyn-Trader
1
GBPJPY - Another short ✅Hello traders! ‼️ This is my perspective on GBPJPY. Technical analysis: On higher timeframe we are in a bearish market structure, that's why I look for shorts. Here I expect bearish price action as price rejected from bearish order block + institutional big figure 167.000. My target is liquidity below equal lows + imbalance. Fundamental analysis: Tomorrow we have news on JPY, will be release Policy Rate and BOJ Press Conference, if the results are positive for JPY, this will support our move. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
5
GBP/JPY Maintains Minor Gains Within Trading RangeThe GBP/JPY pair is currently in a neutral trading stance within the 12-day-old trading range. The pair needs to break out of the current range for a clearer directional bias. Traders should remain cautious and monitor the price action for potential opportunities. On the Pound Sterling front, higher interest rates by the Bank of England (BoE) are creating more trouble for households. Persimmon, United Kingdom’s largest domestic property developer, said on Wednesday, the new-home buyers market is declining as higher interest rates are making interest obligations less affordable. 👉 Given the current sideways trading range and lack of clear direction, the trade signal for GBP/JPY is neutral.
by RichDadph-FX
GBP/JPY: Brace Yourself for BoJ's AnnouncementWith safe haven currencies pulling in the most buyers this week, including the yen and the US dollar, what will happen to the USD/JPY and the GBP/JPY leading up to, and after, the Interest Rate Decision due from the Bank of Japan on Friday? Markets will likely be watching this decision super closely regardless of their expectation for the BoJ to leave interest rates unchanged. This is because this is the BoJ's first interest rate decision with its new Governor Kazuo Ueda. Commentary that goes alongside the interest rate decision will be scrutinized for any indication when Ueda might start tightening monetary policy. The BoJ will likely try to prepare markets far in advance, so it's not unlikely that Ueda might prepare some very small non-committal comments that speak to this on Friday, while standing firmly behind his preference for maintaining the current yield curve control in the short to medium term, which he has reaffirmed at every outing since taking control of the central bank. The GBP/JPY has plunged from a weekly high of just under 168.000 to just under 166.000 at the time of writing as risk-averse trades take over the market. The pair did bottom out at 165.400 before a slight rebound with support appearing at 165.550. Looking at the 1-hour chart of the GBP/JPY, the pair took advantage of the stability of the support level of 165.550 to activate value hunters to enter the market and help the pair surpass the 165.800 support line from earlier sessions. But it has been rejected at 166.10 once already in this bullish push. Next up, we will see how well 165.800 holds up if the downside push has any momentum. However, the Stochastic Indicator is not pointing too much momentum in the pair right now, at least in the 1-hour timeframe.
by BlackBull_Markets
GBPJPY: Continued uptrend after correction!GBPJPY rebounds from 167.50 as bulky UK Inflation supports hawkish BoE bets According to the latest release of UK inflation figures, the headline Consumer Price Index (CPI) has slightly decreased from 10.4% to 10.1%. This decline can be attributed to the drop in energy prices used for heating and electricity. Despite this, investors are not happy with the inflation rate remaining in double digits. Additionally, food prices have reached a new high of 19.1%, the highest in 45 years.
Long
by Sphyn-Trader
8
GbpJpy -> Be Careful HereHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that GbpJpy is approaching a quite strong and obvious previous weekly resistance area exactly at the 169 JPY area. You can also see however that market structure and moving averages are still quite bullish so I just do expect a deeper push into the resistance zone, followed by a short term rejection towards the downside but then I definitely do expect more continuation towards the upside again. On the daily timeframe you can see that GbpJpy just broke above and retested a previous daily resistance area which was turned support so I am now just waiting for a deeper retested of the 169 JPY area before I then do expect also a short term daily rejection towards the downside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
39
Two key areasThe previous structure got broken and a new fractal high was created, price then dropped to the breaker level and made a pullback to the supply zone. The demand zone led to a massive drop which changed the character, a doji candlestick emerged to, aggressively went bullish and created inefficiency. The market price is currently within a rejection zone, if this zone gets invalidated then we monitor how price reacts to the internal liquidity pool and order block respectively, the idea is to go bearish and fill the imbalance…
by tokelohomi