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Gbp-jpy

GBPJPY 17/9/23Starting things off as we do a lot of the time with GJ We are sitting in a clear swing low range so we aim to see the low of this range taken out coming into next week but we do have a few highs above our current price, which tells us that we may have a shift higher into some of this liquid, as a whole iam not holding either our low or our high as a certainty meaning il be tracking price action that forms within our range to work out which is most likely to be served first. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
GBPJPY Sell signal on this Triangle pattern.The GBPJPY pair is trading within a Triangle pattern, similar to July's. The price is currently approaching the 4H MA200 (orange trend-line), which is untouched since August 08. As long as the pair closes below the 0.382 Fibonacci level, we are selling the bearish break-out and target 181.600 (Fibonacci 1.5). Notice how the 4H MACD sequences between the two fractals are identical. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
GBPJPY: Rejected at the top of the 2 year Megaphone. Sell signalGBPJPY hit the HH trendline of the two year Megaphone pattern and that has so far put a pause to the uptrend. The 1D timeframe has turned neutral (RSI = 52.182, MACD = 0.480, ADX = 25.579) and is supported by the 1D MA50. The MACD formation reveals that the pair could be ahead of a 0.382 - 0.236 Fibonacci correction as in June/July 2021. As a result there are higher probabilities for a short term sell. We are targeting the 1D MA200 not lower than the 0.382 Fib (TP = 177.000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
GBPJPY 27/8/23Starting off our week as per with GJ! Now last week left the market in abit of an open space with very large ranges and lots of imbalance to fill, the main reasons for this is that we had the Jackson hole news event which has directly shifted a lot of our pairs directions and narrative. Its important to not the time of the year we are in right now, we have just hit the final week of August which is widely know for being the worst time of the year to trade, we are now coming to the end of this period, so with this in mind i strongly believe the Jackson hole event has finally injected our high liquidity back into the markets for our final quarter. Meaning the following, more efficient swings, faster and stronger moves with trend and a larger daily pip range, so all round good news for us! Now as you can see we have a very large range here on GJ and as we head into this week we will only be looking for internal movements, leading us to look towards our LDN and NY opens, mainly focusing on our SE entry model. we have seen price react from our C-swing low and mainly think we may shift higher from here but overall we are still bearish on this as it stands. Our swing high is a news POI which means we can only really look for confirm entries on this we also have a lot less confirmations for shorts at the high as it becomes a very old POI. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
GBPJPY 20/8/2023Starting our week off the same way we have the last few weeks with GJ. Now on Friday we had a slow day for PA but overall we did put a new sell range in, showing deeper sell side prices are to be expected for the next expansion on GJ, now there are some keu points to keep in mind with the range. firstly we have a very weak break on our SWL, this tells us that price is slowing down on the sell side so we should use caution on entry into our sell trade. Secondly we have a very low volume POI as it sits within out Asia range which has a lot lower levels of liquidity than our NY and LDN. thirdly we have a C-swing POI that has pushed price out of our SWL poi bringing us into the 50% level of our range, we also have the ASIA high above our SWH so overall very low risk if we enter this range overall. **KEY NOTE** Jackson hole meetings this week that always shake up the markets so please keep an eye on that event! Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
GBPJPY 13/8/23Starting off our Sunday as always with GJ, we came out of last week with 2 clean entries using our ASE system, overall we have a very obvious trendline liquidity zone within our bullish swing range, also known as internal liquidity. this gives price a clear area of liquidity to sweep out before carrying over our order flow. We are looking for our SWH as our target, but of course we will want to see a shift down to bring us back to our bank order zone before going higher. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
GBPJPY SHORT/SELL🔰 Pair Name : EUR/JPY 🔰 Time Frame : 4H/ DAILY 🔰 Scale Type : LONG Scale 🔰 Direction : SHORT/SELL The GBP/JPY pair's sensitivity to shifts in global risk sentiment makes it a valuable tool for assessing broader market outlooks. 🌐 Its responsiveness aligns it with changes in global risk appetite, creating a strong correlation. In this context, the pair finds support at the ¥180 level and the 50-Day Exponential Moving Average, a widely recognized technical indicator. 📊 These levels are key reference points for traders. The dynamic of the GBP/JPY is influenced by the divergent monetary policies of the Bank of Japan and the Bank of England. 🏦🏴󠁧󠁢󠁥󠁮󠁧󠁿🇯🇵 This policy disparity sets the stage for potential catalysts that could drive the pair's movement. Given this policy contrast, an uptrend in the GBP/JPY is a possibility worth considering. However, seasoned traders emphasize patience and prudent market entry. 🚀 The potential for a climb to ¥184 and beyond, possibly reaching ¥185, is on the horizon. Navigating the inherent volatility of the GBP/JPY requires acknowledging the risk. A sustained drop below ¥175 is crucial to challenge the prevailing trend. ⚖️ The recent pullback in the pair offers a strategic opportunity for knowledgeable traders to accumulate "undervalued" British pounds against the Japanese yen. 📉⚖️ Yet, risk management and thorough analysis are paramount when dealing with the pair's inherent unpredictability. Recent trading dynamics provide valuable insights into the GBP/JPY's behavior and potential trajectory. Its risk-sensitive nature, reliance on technical indicators, and the interplay of divergent monetary policies contribute to its intricate movement. As the market evolves, traders should exercise patience and prudence while capitalizing on the opportunities and challenges presented by this currency pair. 📈📊📉 #GBPJPYAnalysis #MarketInsights
Short
by Moon_SmartMoney
GBPJPY: Breakout, Retest, Down...In my recent ideas I’ve noted JPY strength resuming and this is evident in the performance last week, and we can see this when looking at the JPYWCU chart which is like DXY for the Yen. We can see what could be a higher low forming and a fourth retest of the resistance around 0.005350 which could break. We’ve seen out-performance of the Yen against many crosses in the past week, which has generated good pips, it’s too early to suggest a strong recovery (especially as BoJ clearly want a weaker currency to support exports), however they have an economy that when recessions start to hit, I believe they’ll fair better. All crosses against yens are at their high points, this doesn’t mean they can’t go higher, but money flows and I believe the shift is starting. I’m expecting GBP weakness over the coming weeks due to high inflation and massive threat of recession, and definitely this week against the Yen, so looking for shorts around 181.4. First target will be 167 area.
Short
by Finchcliffe
GBPJPY 6/8/23Starting off the week with GJ here we have a really clean sell range given to us during Thursdays session, we swept out the highs from our NY & LDN from wednesday, after this we produced this very clean sell move. now we have to keep in mind the age of our POI which going to effect teh probability of this move playing out but over all we are looking for a tap into a sell deeper into the sell range we are showing you here, overall we have a larger time frame move playing out so we will keep an eye out for any possible bullish moves coming into this market later this week. we also have to take into account that the high of our range is an Asia high which a lot of the time like to be swept out, so reduced risk or confirm entry would be a smart approach to this one. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
2
GBPJPY 30/7/23Here we have British pounds to the Japanese yen with a nice break to the upside showing clear momentum behind this movement the POI that we are looking at is the POI that presents itself during the break between the high volume of London and the high volume of New York we are looking for this to take us higher out of the current range that we are sitting in, of course as always if we break lower we will follow the bearish bias but last week British pound the Japanese yen played very nicely and was very efficient with our overall range movements!
by PipSurfingSociety
2