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Gbp-jpy

GBPJPY - Already Over-Bought!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈GBPJPY has been bullish trading within the rising channel in blue. Currently, GBPJPY is approaching the upper bound of the channel. Moreover, the green zone is a strong supply and structure. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green supply and upper blue trendline. 📚 As per my trading style: As #GBPJPY is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
15
GBPJPY - Yen will continue to grow?!The GBPJPY currency pair is below the EMA200 and EMA50 in the 4H timeframe and is moving in its downward channel. If it continues to move towards the demand zones, we can buy with a suitable risk reward. The upward correction of this currency pair towards the supply zone will provide us with the next selling position. Higher inflation in Tokyo has increased the likelihood of a Bank of Japan interest rate hike in its December meeting. The Cabinet Office of Japan released its September economic report, maintaining its overall assessment of the country’s economic condition. According to the report, Japan’s economy continues to recover at a moderate pace. The report also highlighted an improvement in bankruptcy conditions, marking the first positive trend in this area in 42 months. This improvement reflects greater stability within Japan’s business sector. Furthermore, the report noted a slowdown in the rise of corporate product prices, which could lead to a more balanced market. The Cabinet Office emphasized the need to closely monitor U.S. economic policies, as shifts in these policies could significantly impact Japan’s economy. Analysts at JP Morgan predict that the Bank of Japan will raise interest rates twice in 2025, in April and October, bringing its policy rate to 1.0% by the end of the year. Additionally, they forecast two further rate hikes in 2026, pushing rates to 1.5%. JP Morgan noted that the Bank of Japan’s independent monetary policies could result in weaker performance for Japanese yields compared to other developed markets. Meanwhile, the Japan Manufacturing Workers Union, representing small and medium-sized manufacturing enterprises, has demanded a minimum base wage increase of 15,000 yen in next year’s wage negotiations. This request exceeds last year’s demand by at least 3,000 yen and marks the highest wage increase proposed in the union’s history. The ultimate goal is to achieve an overall wage increase exceeding 19,500 yen. This development could be seen as positive news for Japan’s government and central bank, as rising wages might indicate mounting inflationary pressures, supporting the normalization of monetary policies. Tamaki, a member of Japan’s Democratic Party for the People (DPP), stated that the Bank of Japan should evaluate its policies based on wage outcomes for small businesses. He warned that excessive tightening of monetary policy could risk a return to deflation. Tamaki stressed the importance of not rushing changes in monetary and fiscal policies. In the UK, Finance Minister Rachel Reeves announced a £26 billion ($33 billion) business tax hike that could result in the loss of up to 130,000 jobs. If employers pass this financial burden onto the workforce by reducing employment, the unemployment rate could increase by 0.4%. The analysis also suggests that businesses might respond to higher employer national insurance contributions by cutting working hours or staff. Separately, the Bank of England recently reported results from its latest stress tests, indicating that all major UK financial institutions are resilient enough to withstand worst-case economic scenarios. While the results have not raised specific concerns, the Bank emphasized its commitment to ongoing close monitoring of the situation.
Short
by Ali_PSND
Potential bullish bounce?GBP/JPY is currently reacting off the pivot which acts as a pullback support and could rise to the 1st resistance which acts as a pullback resistance. Pivot: 190.67 1st Support: 189.08 1st Resistance: 192.28 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Bearish drop?GBP/JPY is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 193.54 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 196.11 Why we like it: There is an overlap resistance level that lines up with the 78.6% Fibonacci retracement. Take profit: 190.33 Why we like it: There is an overlap support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
2
Bullish bounce off pullback support?GBP/JPY is falling towards the support level which is a pullback support that lines up with the 138.2% Fibonacci extension and the 61.8% Fibonacci projection and could bounce from this level to our take profit. Entry: 191.86 Why we like it: There is a pullback support level that aligns with the 138.2% Fibonacci extension and the 61.8% Fibonacci projection. Stop loss: 190.05 Why we like it: There is a pullback support level. Take profit: 194.71 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
1
Bullish rise off pullback support?GBP/JPY has reacted off the pivot which has been identified as a pullback support and could rise to the 1st resistance which aligns with the 50% Fibonacci retracement. Pivot: 193.92 1st Support: 192.81 1st Resistance: 195.74 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Potential bullish bounce off overlap support?GBP/JPY is currently on the pivot which aligns with the 50% Fibonacci retracement and could bounce to the 1st resistance. Pivot: 195.67 1st Support: 194.09 1st Resistance: 198.19 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
GBPJPY First 1D Golden Cross after 19 months. Strong BUY.The GBPJPY pair is forming today a Golden Cross on the 1D time-frame, the first such pattern in exactly 19 months (April 21 2023). Naturally this is a huge bullish signal alone, as technically the Golden Cross calls for upside action. But more specifically for this pair's price action, it indicates the high probability of an immediate aggressive push as the current formation is very similar to the April 2023 one. As you can see, both were trading within a Channel Up up to the moment of the Golden Cross, having started after a 1W MA100 (red trend-line) test. The 1D CCI trading on Higher Lows below -100.00 (oversold) is a confirmation that the price Channel Up breaks aggressively to the upside. The previous Golden Cross pushed the price just above the 3.0 Fibonacci extension, to a +18.40% rise. Throughout this time, the 1D MA50 (blue trend-line) was supporting the uptrend. As a result, we turn long now on GBPJPY, targeting 215.000 (just above the 3.0 Fib extension). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
GBPJPY - Will the pound continue to weaken?The GBPJPY currency pair is above the EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term bullish channel. If the correction continues to the support range, we can buy with a suitable risk reward. Breaking the resistance range will pave the way for this currency pair to continue its rise. Pension Reforms in the UK • Consolidation of Local Government Pension Schemes: Rachel Reeves, the UK Treasury Secretary, aims to merge local government pension schemes into larger funds (megafunds). This initiative involves pooling the assets of 86 local government pension schemes into a large fund managed by professional investment managers. • Objective: To increase investment in long-term, high-risk assets, reduce management costs, and strengthen investment in infrastructure and local areas. • Further Reforms: In addition, Reeves plans to make changes to financial arbitration services and the combined stock market, marking “the most significant pension reforms in decades.” Inflation Outlook and Interest Rates in the UK • Comments from Bank of England Member, Mann: Bank of England member, Mann, warned that substantial volatility in macroeconomic indicators will be seen in the coming years. He suggests that inflation may remain high for an extended period, necessitating a higher neutral rate. Additionally, he noted that lower interest rates compared to high inflation would put more pressure on investments. Japan’s Support Package and Economic Stimulus • Budget and Household Support: The Japanese government has planned a supplementary budget of 13.5 trillion yen (87 billion USD) to fund an economic stimulus package. This budget includes a payment of 30,000 yen to low-income households and 20,000 yen per child in households with children. • Energy Subsidies: The government will also reintroduce electricity and gas subsidies from January for three months to help households cope with rising fuel and service costs. Financial Risks and Supervision by the Bank of Japan • Concerns About Non-Bank Financial Institutions: The Bank of Japan’s Deputy Governor, Uchida, warned that increased connections between non-bank financial institutions and banks could pose risks to the entire financial system. He emphasized that non-bank institutions handle almost half of global financial intermediation, which requires close attention. Actions for Stability in Japan’s Currency Market • Currency Market Intervention: Japan’s Finance Minister, Katsunobu Kato, stated that appropriate measures will be taken to control severe and one-sided fluctuations in the currency market if necessary. He stressed the importance of sustainable exchange rate movements in line with fundamental principles.
Long
by Ali_PSND
Bearish drop?GBP/JPY is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support which acts as a pullback support. Pivot: 198.26 1st Support: 196.76 1st Resistance: 196.61 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Buy GBP/JPY Triangle BreakoutThe GBP/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 197.44 Target Levels: 1st Resistance – 199.20 2nd Resistance – 200.20 Stop-Loss: To manage risk, place a stop-loss order below Support Zone. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
11
GBPJPY - Yen will continue its weakness?!The GBPJPY currency pair is above the EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term bullish channel. If the upward movement continues, we can see the supply zone and sell within that zone with the appropriate risk reward. The BRC retail report in the UK indicated that retail sales in October 2024 only grew by 0.3%, a significant drop compared to the 1.7% growth in September. This decline is attributed to consumers’ caution ahead of Black Friday promotions and school half-term holidays, which were delayed compared to usual. Helen Dickinson, CEO of the British Retail Consortium (BRC), stated, “After a strong start in autumn, October sales growth was disappointing. Part of this decline was due to the later timing of school half-term holidays, which reduced sales, but it is expected that November will show better performance.” She also noted that consumer sentiment has been affected by uncertainties surrounding future budgets and rising energy costs. According to the latest Citi/YouGov survey, British households’ inflation expectations for the coming year have reached 3.3%, and long-term household inflation expectations remain at 3.8%. Analysts at Citi Investment Bank suggest that these figures indicate that despite efforts by the Bank of England to curb inflation, public inflation expectations remain high. In Japan, the government has designed a support plan for the country’s semiconductor industry that involves leveraging assets such as its shares in NTT, with the program spanning several years. Instead of direct subsidies, the plan includes a multi-stage approach. Semiconductor equipment manufacturers receive subsidies while moving towards mass production, and once they reach this stage, the government shifts to other forms of support such as private sector investments and financial guarantees, extending this process until around 2030. Sakurai, a former board member of the Bank of Japan (BoJ), announced that the central bank is likely to raise interest rates again in the coming months, with January being a potential timing for this action. The aim is to increase short-term interest rates to 1.5% or 2% by the end of Ueda’s term in early 2028.
Short
by Ali_PSND
GBPJPY: Medium term correction.GBPJPY is bullish on its 1D technical outlook (RSI = 59.018, MACD = 1.270, ADX = 45.334) but on a decreasing rate as the aggressive rise has taken a pause and the price, despite inside a Channel Up since August, has turned sideways since October 4th on the 4H MA50. We expect the bearish wave of the Channel Up to start any day now. Even though the previous targeted the 0.618 Fib, we will aim for the 0.5 this time (TP = 190.000) as the decline may start a little higher than the current price. Keep in mind that the best trigger to sell will be a 1D MACD Bearish Cross. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
GBPJPY Pull back signalGBPJPY is trading on a Channel Up but has turne sideways recently, indicating a potential top. The last major formation has been a Death Cross (1d) and last time we had one was on January 17 2023. The similarities between the two patterns are strong. The MA200 (1d) is holding for now, if it breaks it will be the sell trigger for the trade. Trading Plan: 1. Sell if the MA200 (1d) breaks. Targets: 1. 188.600 (above the 0.786 Fib). Tips: 1. The RSI (1d) is also trading inside a Channel Up and also portrays similar attributes as the 2023 fractal. Please like, follow and comment!!
Short
by TradingBrokersView
GBP/JPY : Technical Analysis and a signal!hello guys! it is a risky position!! Rising Channel: The price has been trending upward within a well-defined ascending channel. However, it is currently testing the upper boundary of this channel. Resistance Zone (Red Box): Strong resistance is seen around the 196.117 level. The price attempted to break through this resistance but faced rejection multiple times, suggesting a bearish reversal could be imminent. Support Levels (Green Area): There’s a key support level of around 187.953. This support aligns with the lower boundary of the ascending channel, making it a potential target for any upcoming bearish move. Bearish Momentum: The price shows signs of weakness as it struggles below the red resistance zone. A corrective move downwards is expected, with the first target around the 190.000 psychological level, followed by a potential drop to the 187.953 support zone. Risk-Reward Setup: The chart shows a clear risk/reward scenario, where a break below the 194.462 zone may trigger a sell-off towards lower levels.
Short
by melikatrader94
2
GBPJPY Heading to the Channel's Top. Sell alert.The GBPJPY pair has been trading within a Channel Up pattern since the August 05 bottom. The price is above both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) and has already made a Higher High on September 27, which was immediately sold by the market. Based on the previous peak formation of the Channel Up though, we could see a Double Top Higher High rejection in the coming days like the one on September 02. The 1D RSI made a Higher High also before the start of the September Bearish Leg, and right now it hasn't done so. As a result, we will wait for a short opportunity a little higher and then target the 0.618 Fibonacci retracement level (like the September 11 Low) at 188.800. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot