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Gbpjpy_outlook

GBPJPY - "Peter Kani "Buy the Dragon Now series (3)!!"Price action in this pair suggests Bears are shy as Bullish strength keeps increasing in my view with 143.91(give and take a few pips) possibly the low of the Day. Also note the Stop and Reverse scenario on chart. NB : Have been keeping SL smaller than usual due lack of clear direction, this pair should be very Bearish but surprisingly the Bulls are controlling both the up and down intraday swing. This is a serious cause for alarm for current sellers but who knows Bear may violently resist, will see. Cheers!
Long
by peterkani
GBPJPY DAILY OUTLOOK 30 MAY 2018Daily has formed a new low (LL) in big scope view. Price bounced at support 143.5 + daily channel + daily falling wedges Oversold condition in daily & weekly Potential of pullback/retracement before the bears continue Entry level at 143.5 support level or wait for new high in H4 TF. Stops at 143 Take Profit at 149 (TP 1), 150 (TP 2), 151 (TP 3). Macroeconomic approach for GBP is still bullish as inflation is still above 2% target. Hence, potential of Aug hike rate could be price in which will support GBP in the near term. On top of that, Brexit progress is looking positive as Markets are anticipating it to be done sooner or later. Even UK stays or not in the custom union, this could somehow flatten GBP reaction. JPY to be bearish in long term perspective as their Policy is expected to remain the same until inflation picks up. It will be more reactive towards risk sentiment.
Long
by am1rul
GBPJPY shorts, Bulls not present so far!In light no valid Bulls currently present in the markets on this pair, Shorts on the Dragon opened 141.27 (current price as i write). TP1 @ 140.25 , TP2 @ 140.07 . Stops above 142.10 . Basically this remains valid and would sell to around 138.52-138.40 until Bulls present themselves which should be expected in this area. On the longer term if Bear keep holding sway as it currently is, then 135.11 should not be out of the question. Crucial/Critical conditions in the markets, and very tricky times for traders so trade wisely. The Pair is in a Bear trend but as was mentioned in a few posts ago - Beware of betrayals in the Bear camp where individual interests may coming into play when Shorts are covered early because they already have massive profits as it stands. Success!
Short
by peterkani
GBPJPY Completing Movement of Wave CThis pair has made wave a and wave b has ended. The thing that will happen after that is this pair will make movement towards point c. The price at point b is 147,000. This price will remain valid if the price does not move lower than 145.00, so it can make a move to point c. if viewed to a lower time frame that is H4, this movement has been cornered with the confirmation of a strong price movement that will push the price move higher. The recommendation we provide is to buy up to point movement point c and stop loss between 145,000 to 144,000.
Short
by fXVolume
GBPJPY Fundamental Analysis – June 11th 2018 Here are the key factors to keep in mind today for British Pound trades: UK Trade Balance: The UK Visible Trade Balance for April is predicted at -£11.400B. Forex traders can compare this to the UK Visible Trade Balance for March which was reported at -£12.287B. The UK Trade Balance Non EU for April is predicted at -£3.200B. Forex traders can compare this to the UK Trade Balance Non EU for March which was reported at -£3.639B. The UK Total Trade Balance for April is predicted at -£2.500B. Forex traders can compare this to the UK Total Trade Balance for March which was reported at -£3,091B. UK Industrial Production and UK Manufacturing Production: UK Industrial Production for April is predicted to increase by 0.1% monthly and by 2.7% annualized. Forex traders can compare this to UK Industrial Production for March which increased by 0.1% monthly and by 2.9% annualized. UK Manufacturing Production for April is predicted to increase by 0.3% monthly and by 3.1% annualized. Forex traders can compare this to UK Manufacturing Production for March which decreased by 0.1% monthly and which increased by 2.9% annualized. UK Construction Output Seasonally Adjusted: UK Construction Output Seasonally Adjusted for April is predicted to increase by 2.2% monthly and to decrease by 1.4% annualized. Forex traders can compare this to UK Construction Output Seasonally Adjusted for March which decreased by 2.3% monthly and by 4.9% annualized. UK NIESR GDP Estimate: The UK NIESR GDP Estimate for May is predicted to increase by 0.3% monthly. Forex traders can compare this to the UK NIESR GDP Estimate for April which increased by 0.1% monthly. Here are the key factors to keep in mind today for Japanese Yen trades: Japanese Money Stock M2+CD and Japanese Money Stock M3: Japanese Money Stock M2+CD for May increased by 3.2% annualized and Japanese Money Stock M3 increased by 2.7% annualized. Economists predicted an increase of 3.3% and of 2.8%. Forex traders can compare this to Japanese Money Stock M2+CD for April which increased by 3.3% annualized and to Japanese Money Stock M3 which increased by 2.8% annualized. Japanese Machine Orders: Japanese Machine Orders for April increased by 10.1% monthly and by 9.6% annualized. Economists predicted an increase of 2.4% monthly 3.8% annualized. Forex traders can compare this to Japanese Machine Orders for March which decreased by 3.9% monthly and by 2.4% annualized. Japanese Machine Tool Orders: Japanese Preliminary Machine Tool Orders for May increased by 14.9% annualized. Forex traders can compare this to Japanese Machine Tool Orders for April which increased by 22.0% annualized. Should price action for the GBPJPY remain inside the or breakdown below the 147.450 to 148.100 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 147.800 Take Profit Zone: 143.150 – 143.600 Stop Loss Level: 149.000 Should price action for the GBPJPY breakout above 148.100 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 148.500 Take Profit Zone: 150.000 – 150.800 Stop Loss Level: 148.100
by Kate_111