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Gbpjpyprediction

GBPJPY: The Japanese Yen will likely be the most interesting The new governor of the BoJ, Kazuo Ueda, has not made drastic changes in monetary policy as expected, causing the Japanese yen to weaken against the USD in 2023. Positive signs appeared in November when the USD/JPY pair fell and bond yields also fell, raising hopes that the BoJ was about to change policy. The BoJ is expected to make an important policy decision next spring, based on the results of salary negotiations. If the BoJ does not change policy as expected, the yen could continue to struggle in the first half of 2024. Although the BoJ may change policy later, this uncertainty will cause the yen to fluctuate widely in the first half of next year. In short, the prospects of the Japanese yen next year depend largely on the BoJ's decision after the salary negotiations. The lack of certainty could create major volatility in the Japanese currency market.
Short
by Chart_MasterPro
GBP/JPY Struggles at the hourly resistance, sell now?Hello traders and the entire Tradingview community. Last week, we bought GBPJPY at 178.50 level and made over 300 pips. At the moment, however, you can see that GBP/JPY is struggling to break the 100-hour resistance . So, there is a chance that GJ may fall again. Of course, the scenario would change if the bulls can break the 181.10 level. I am waiting and watching the price action now. So, if bearish price action continues at the 181 level, I might put a sell at this level.
Short
by YourLazyTrader
4
Trade of the week: GBPJPY? Data emanating from Britain and Japan this week could mean that the GBPJPY is the currency to watch this week. Japan's Bank of Japan (BoJ) is set to announce its final interest rate decision of the year on Monday. Expectations from the BoJ are a little uncertain, prompted by remarks from Governor Ueda. Among various statements, he noted that the management of monetary policy would become more challenging toward the year's end. However, some officials have tried to step back Ueda’s comments, and most analysts polled by Reuters anticipate that the central bank will maintain its current policy settings. This uncertainty makes the yen a currency to closely monitor this week. Moving to the UK, Wednesday will see the release of November's Consumer Price Index (CPI) data. Expectations suggest a cooling of the headline CPI to 4.4% from 4.6%, and a decrease in the core measure to 5.5% year-on-year from 5.7%. One day later, attention returns to Japan for its inflation rate. Forecasts anticipate a decrease in the Core inflation to 2.5% in November, down from 2.9% in October.
by BlackBull_Markets
GBPJPY Long Term Buying 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
1
GBPJPY: Reuters: The BOJ meeting next week is expected to have nThe latest Reuters poll on the Bank of Japan's outlook includes the following key points: BoJ will end negative interest rates by 2024, 84% of economists said in their quarter-end forecast; 71% in the November poll and 54% in the October poll. 88% of economists think the BoJ will end yield curve control; 12% think the BoJ will adjust YCC again. 28 out of 42 economists say BoJ interest rates will rise to 0.00% or 0.10% by the end of the second quarter of 2024; Two people thought it was 0.25%.
Short
by Chart_MasterPro
1
GBP/JPY Best level to buyHello traders! Along with other Yen pairs, GJ was very volatile last week. However, as we approach the end of the year and the big players in the market go on their vacations, both volatility and liquidity will reduce. Currently, GJ is in a very unpredictable zone. So, the best approach is to wait for a key level. I am waiting for GJ to reach the 179 level again. If price reaches the 178-179 zone and retests the support level, I will think about buying GBPJPY.
by YourLazyTrader
2
GBP/JPY Analysis : Looking at the bullish scenarioHello traders and the entire Tradingview community! I will take a look at the hourly chart of GBP/JPY and analyze it for you. If you look at the chart, you will notice that GJ is slowly building up a base around the 182.50 level. The immediate hurdle lies around the 183.15 area, which is the 100-hour moving average. If we see a strongly bullish candle breaking this immediate resistance, we can expect price to continue higher towards 184 and 185 levels . Failure to break the resistance will lead to further decline Note that, I do not have any buy trades in GJ, I am waiting for more confirmation before going into this trade.
Long
by YourLazyTrader
GBPJPY I Correction completed and more downside Welcome 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 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
by ForexPlanet20
21% chance BoJ hikes rates on 19 Dec! There is currently a 21% probability that the Bank of Japan (BoJ) will raise interest rates during its upcoming meeting on December 19. This would really send shockwaves through yen pairs on the day. Yesterday’s huge gains in the yen against the US dollar and British pound are just a glimpse of the possible volatility this action could cause. Yesterday BoJ policymakers may have suggested a potential shift away from their ultra-low interest rates. But are markets getting ahead of themselves and squinting just a little too hard into their crystal balls? Bank of Japan Governor, Kazuo Ueda mentioned that policy management would become "even more challenging from the year-end and heading into next year,". The mention of the “year-end” has led to speculation that the central bank might move away from negative interest rates at its next policy meeting. The thing is: The boJ has been dangling this possibility in front of traders ever since Ueda took up position as Governor. So, maybe a short play on the yen is still a possibility as the BoJ likely disappoints again during its next interest rate decision.
by BlackBull_Markets
Main trend for GBPJPY marketSaw a drop of more than 0.20%, with the Japanese Yen gaining strength against major currencies. Despite the pair's overall uptrend, recent price action has formed a 'double top' pattern, suggesting further confirmation is needed, with the price breaking below 184.46. Conversely, a move above the November 28 daily high of 187.87 could set the stage for the pair to test the year-to-date high at 188.80. The H1 chart shows that bulls are still dominating the market, continuously creating downward declines, challenging the nearest support zone of 186,280. The Japanese yen appreciated against major currencies and fell by more than 0.20%. Despite the pair's overall uptrend, recent price action has formed a "double top" pattern, suggesting that the price needs further confirmation below 184.46. Conversely, a rise above the intraday high of 187.87 on November 28th could be a stepping stone to test the year-to-date high of 188.80. The first half chart shows that the bulls are still in control of the market, causing continued declines and challenging the next support zone at 186,280.
Long
by NicoTradingMaster