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Gbpjpyprediction

GBPJPYCurrently GBPJPY has shown a slight touch of hesistation trying to reach the next resistance level. I feel as if this is a fake pullback and price will continue upwards. in my opinion it will use the news break to launch up past 248.8. If price does not reach resistance level, we could be looking at a retrace to 156.6 then bounce up again for a double top using the news. will update this as we go and see if we can see a break in formation on lower timeframes to execute the trade in confirmation.
Long
by Joshyboy99
GBPJPY: Today!The GBP/JPY cross posts modest gains but remains below the 184.00 barriers during the early Asian session on Friday. The cross currently trades around 183.85, gaining 0.07% on the day following the release of Japanese inflation data. The Statistics Bureau of Japan reported on Friday that the Tokyo Consumer Price Index (CPI) for August, fell to 2.9% YoY from 3.2% in the previous month, against 3.0% market predictions, while the Tokyo CPI ex Fresh Food and Energy remained stable at 4.0% YoY.
Short
by Sphyn-Trader
3
GBPPJPY 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
GBPJPY - Short active ✅Hello traders! ‼️ This is my perspective on GBPJPY. Technical analysis: I expect bearish price action here as we can see that price took out buy stop liquidity and rejected from institutional big figure 184.000. This is a risky short as it is against market structure, but I assume it. Fundamental analysis: Tomorrow will be released monthly GDP on GBP and if the result is negative, it will support our analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
6
GBPJPY: GBP's Decline!Following the release of ONS data, there was a significant decrease in UK government bond yields as traders adjusted their expectations for future interest rate hikes. Prior to the release, financial markets anticipated a terminal UK Bank Rate surpassing 6%, higher than the current rate of 5%. However, these projections declined to approximately 5.75% during the morning, resulting in a notable drop in UK 2-year Gilt yields that are sensitive to interest rates. Considering that inflation is predicted to decline further in July due to a reduced Ofgem Energy Price Cap, it is plausible that peak rates have already been observed in the United Kingdom.
Short
by Sphyn-Trader
4
GBPJPY: Things need to notice!The break of 182.51 resistance affirmed the case that corrective pattern from 183.99 has completed with three waves down to 176.29. Intraday bias stays on the upside for retesting 183.99. Decisive break there will resume larger up trend. On the downside, below 180.85 minor support will turn intraday bias neutral first. Also, outlook will stay bullish as long as 38.2% retracement of 155.33 to 183.99 at 173.04 holds, in case of another dip.
Short
by Sphyn-Trader
6
Gbp Jpy Short GBP/JPY is experiencing a bearish pullback within the 183.030 - 183.183 - 183.420 range, signaling a potential decline in the pair. Traders should closely monitor the following technical and fundamental factors to capitalize on this short trading opportunity. Technical Analysis: Bearish Pullback: The recent price action shows a bearish pullback from the 183.420 resistance level, suggesting a potential shift in market sentiment and an opportunity for short positions. Retesting Support: The pair is retesting the 183.030 support level, which has previously acted as a significant barrier. A decisive break below this level could trigger further selling pressure. Fundamental Analysis: GBP Weakness: The British Pound is facing challenges due to ongoing uncertainties surrounding Brexit and the UK's economic recovery. Geopolitical concerns and global market sentiment also contribute to the overall weakness of the GBP. Risk Aversion: The Japanese Yen tends to appreciate during periods of market volatility and risk aversion. As investors seek safe-haven assets, demand for the JPY may increase, putting pressure on GBP/JPY. Risk Management: To manage risks effectively: Stop Loss: Traders should consider placing a stop-loss order above the recent swing high near 183.420 to protect against potential bullish reversals. Target Price: Profit-taking targets may be set around the 183.030 support level or lower, depending on the trader's risk tolerance and market conditions. Conclusion: The bearish pullback in GBP/JPY within the 183.030 - 183.183 - 183.420 range presents an attractive short trading opportunity. However, traders should exercise caution and adhere to strict risk management principles. Monitoring price action closely and staying informed about any significant developments that could impact the pair's direction are vital for making informed trading decisions. As with any trade, unexpected events and shifts in market sentiment should be considered, and positions may need to be adjusted accordingly.
Short
by realtrademaster