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Gbpjpy_outlook

GBPJPY: Bears enter!According to the Bank of Japan's Tankan survey for the first quarter, inflation expectations have increased slightly. Additionally, the Jibun Bank of Japan's manufacturing Purchasing Managers' Index (PMI) has risen from 48.6 to 49.2. At the beginning of the week, cautious markets responded to recent news regarding oil production cuts and the subsequent rise in oil prices. Saudi Arabia, along with other OPEC+ oil producers, has announced additional cuts to oil production, totalling approximately 1.16 million barrels per day. The energy ministry of Saudi Arabia stated that these cuts were made as a precautionary measure to maintain stability in the oil market. As a result, the price of WTI crude oil experienced a notable increase, opening the week with a significant gap and reaching a record high of $81.51 during the first few hours of the Asian session on Monday. Anticipate a further decline in the price.
Short
by Sphyn-Trader
20 Reasons for Buy GBPJPY🔆 MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW ☀️ 1: ✨ Eagle Eye: Although the trend is extremely bearish, the current move is showing a lower high, which may indicate a potential shift towards a bullish trend. 2: 📆 Monthly: There is a clear bullish trend at the monthly level, with consecutive monthly lows being protected. 3: 📅 Weekly: A deep corrective move just finished last week, and this may cause a change in market behavior towards a bullish trend. 4: 🕛 Daily: The intra-day movement is currently sideways, indicating a potential shift towards a bullish trend. Since the big time frame trends are also bullish, we need to change our perspective and wait for a resistance break. 😇 7 Dimension Analysis 🟢 Analysis Time Frame: Daily 5: 1 Price Structure: The price structure is currently sideways to bullish. 6: 2 Candlestick Pattern: The long wick bearish change of guard indicates a potential correction, which we should be prepared for. 7: 3 Volume: The volumes are currently not supporting the bullish trend, which is a little strange. Therefore, we need to be careful with buy entries. 8: 4 Momentum UNCONVENTIONAL Rsi: Resistance is at 60, but the current momentum is sideways. 9: 5 Volatility Measure Bollinger Bands: There was a head fake from the lower band, and the current closing is also indicating a similar scenario. Therefore, we need to wait for a strong confirmation before going with the bull trend. 10: 6 Strength ADX: Compared to last week, the bulls are gaining strength. 11: 7 Sentiment ROC: Last week, the JPY rate of change dramatically decreased, making it the weakest currency for the upcoming sessions. ✔️ Entry Time Frame: H4 12: Entry TF Structure: Bullish 13: Entry Move: We should wait for the correction to end. 14: Support Resistance Base: Daily and H4 areas with FVG (Fibonacci Volume Gradient). 15: FIB: We can use a 15-minute trendline breakout with a Fibonacci trigger event on H4. ☑️ Final Comments: Buy at 15-minute Confirmations 16: 💡 Decision: Buy 17: 🚀 Entry: We can enter at 161, but this is not final, and we need to confirm at the time of entry. 18: ✋ Stop Loss: 158 19: 🎯 Take Profit: 170 20: 😊 Risk to Reward Ratio: 1:3 🕛 Expected Duration: The expected duration for the price to reach the target price is around 3-4 weeks, based on the current market conditions and trends.
Long
by Optimum369
GBPJPY: Upbeat Japan inflation, sluggish yields!During early Friday, the GBP/JPY bulls attacked the previous monthly high and refreshed the multi-day top by picking up bids around 164.80, despite the downbeat expectations of Japan inflation numbers. The latest run-up of the cross-currency pair can be attributed to the optimistic sentiment, even though the yields are still slow. It should be noted that no information has been omitted in this paraphrased text. In March, the Tokyo Consumer Price Index (CPI) increased to 3.3%, which was higher than the expected 2.7%, but lower than the previous month's 3.4%. The Tokyo CPI, excluding food and energy, also rose to 3.4% compared to the previous reading of 3.2% and the market consensus of 3.3%. In February, Japan's Industrial Production growth exceeded estimations with a 4.5% month-on-month increase, compared to the expected 2.7% and the previous -5.3%. Similarly, Retail Trade showed an improvement in February with a 6.6% increase, surpassing the analysts' forecast of 5.8% and the previous reading of 5.0%. However, the unexpected increase in Japan's Unemployment rate from 2.4% to 2.6% in February can be attributed to the recent weakness of the Japanese Yen (JPY). Technical analysis A downward-sloping resistance line from December 13, 2022, near 164.80 by the press time, challenges immediate GBP/JPY upside.
Long
by Sphyn-Trader
2
#GBPJPY- PRICE HEADING TO MAKE YEARLY HIGH 2023HEY EVERYONE, GBPJPY has been bullish since last week sells off where price touched down the discounted price zone where it rejected and currently heading towards to make yearly high. It is possible due to GBP; continues to shows strong bullish momentum and where JPY is tumbling and showing no size of bullish behaviour. Last week selling has been recovered and indicating price dropped for a specific reason most of the selling position would have been wiped off and now retails trader will continue to jump in the market with sell orders. For us it would be wiser to wait for the price to come to our zone where we can sell for long shot. Two opportunities are here, firstly is obviously the buying opportunity until it reaches our selling zone where we can sell for big bearish impulse.
Short
by Setupsfx_
20
20 Reasons For Sell GBPJPY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1: ✨Eagle eye: Extremely Bear, But Current Move is lower high 2: 📆Monthly: Clear bull trend at monthly 3: 📅Weekly: A strong Order block at the previous top after its price goes higher low, low trend confirmed at weekly 4 🕛Daily: A clean intra-bear trend and inner structure make a choch, so officially at daily tf right now, bearish 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: bear 6: 2 Pattern Candle Chart: change in Guard correction 7: 3 Volume: High volumes on bearish candles good for the bear 8: 4 Momentum UNCONVENTIONAL Rsi: Resistance at 60 but current momentum sideways 9: 5 Volatility measure Bollinger bands: Squeeze 10: 6 Strength ADX: Bears are gaining strength 11: 7 Sentiment ROC: JPY is much stronger than GBP, ✔️ Entry Time Frame: H1 12: Entry TF Structure: Bigger structure is extremely bearish 13: entry move: waiting for an impulse move 14: Support resistance base: premium OB 15: FIB: waiting ☑️ final comments: sell At 5 min choch 16: 💡decision: sell 17: 🚀Entry: waiting for confirmation 18: ✋Stop losel:162 19: 🎯Take profit: 151 20: 😊Risk to reward Ratio: 1:7 🕛 Excepted Duration: 20 days
Short
by Optimum369
GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS#GBPJPY - According to the GBPJPY analysis we gave the previous day, the GBPJPY SELL SIDE WAVE was moving very well in the previous days. The reason for that was FUNDAMENTALLY STRONG JP10Y STRONG JPY STRONG causing GBP WEAK. And because the MARKET SENTIMENT is STRONG. XXXJPY has been selling very fast since last week. - JPY has become somewhat STRONG as VIX is slightly UP. Due to this, STOCKS and XXXJPY CURRENCY were slightly SELL. GBPJPY also SELL because of that. But now there is a bit of RISK ON BIAS. Therefore, GJ can be BUY in the future. - Currently, GBPJPY LONG TERM can move up to the LEVEL of 159.78. Also, according to the GBPJPY STRUCTURE, it can move up to the 167.38 RESISTANCE LEVEL before SELL. Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. Currently, the MARKET is somewhat RISK ON. Therefore, XXXJPY will be a BUY in the future. Therefore, pay attention to the CURRENT MARKET SENTIMENT.
by benny_marshall
Bullish GJ going into Sunday/Monday Price looks to be setting up a good 5 wave move. Currently price looks to be in corrective wave two. Come sunday if price can push past the zero lvl of the fib we can be in motive wave 3. Another confluence is within corrective wave 2 there is a sub 5 wave and a abc corrective. With a 50% retracement of 350 pips. The extension or motive 3 is right on par with the move. This is only valid if price can push past the zero lvl. Be prepared for price to also keep digging into the fib maybe to the 682 lvl or even 786 lvl.
Long
by Stinkjimjim7
#GBPJPY-300 PIP DROPPED FROM LAST SETUPDear Traders, hope you are doing great, our last trading setup on GBPJPY dropped 300 PIPS, and we have not got an opportunity where price will fill up the liquidity voided area. Next week we have NFP where mix data is expected so JPY will be seen as heavenly safe currency for the investors and hence it will be an opportunity for all of us to have an perfect entry on this pair especially when the move is around 800 pips. -Wait for the price fill the LQ VOIDED area then enter with stop loss of 40-45 PIPS.
Short
by Setupsfx_
8
GBPJPY SHORT TERM INTRADAY IDEAIntraday Analysis - GBPJPY - ( 2nd March 2023 ) No fundamental shift , YEN still weak with its monetary policy and dovish tone. Unless the new elected one implements a change and have a more hawkish tone, i do expect YEN to continue being weak all year. GBP as stated is also weak economically however in this case, YEN weakness holds more weight. Will be looking at continuation buys on GBPJPY as price just tapped into our key level of interest whereby HRHR buys were called out a few days ago. If you missed it , scalp longs up level by level. HRHR BUYS AT 164.00 MRMR BUYS AT 164.500 SAFEST BUYS AT 164.800 ( WATCH OUT FOR POTENTIAL RETRACEMENT ) WILL ONLY BE LOOKING FOR SHORT BELOW 162.800
by CJ_GOLDPIPS
GBPJPY SHORT TERM TRADE IDEAIntraday Analysis - GBPJPY - ( 28 FEB 2023 ) Will be playing GJ continuation buys from yesterday. Fundamentally both pound and yen is extremely weak. GBP is the weakest in terms of economy this year however due to its government's hawkish stance to change monetary policies to aid in the economy, GBP has a upper hand here as compared to YEN . The Japanese government has been dovish since the start of bear markets and has no intentions to change monetary policy just yet. Looking at pullback buys on GJ HRHR BUYS AT 163.500 MRMR BUYS AT 163.800 SAFEST BUYS BREAK OF HIGHS AT 164.500 There will be no sells in play as all timeframe has point towards a bullish bias + fundaments are in play supporting our bias. We may get deeper pullbacks depending on GBP speakers later during pre NY session. However i do not expect it to hold much weight.
by CJ_GOLDPIPS
1
GBPJPYgbpjpy clearly in a uptrend on lower time frames and also pivots still showing trend up at the moment but this level gettin hit on the 4hr we could see a nice pull back which would be perfect for tomorrow for a buying opportunity around 159.1-158.8 now when it get to tomorrows pivot levels i want to see what it does just because we have equal lows "eql" and trend line liquidity "tll" which means theres a ton of orders resting at that low but as long as gj 158.8 level holds im looking for buys when thats broke ill be looking for sell setup to the 158 level
Long
by wolf_pack
GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS#GBPJPY - According to the GBPJPY analysis we gave the previous day, the GBPJPY SELL SIDE WAVE was moving very well in the previous days. The reason for that was FUNDAMENTALLY STRONG JP10Y STRONG JPY STRONG causing GBP WEAK. And because the MARKET SENTIMENT is STRONG. XXXJPY has been selling very fast since last week. - JPY has become somewhat STRONG as VIX is slightly UP. Due to this, STOCKS and XXXJPY CURRENCY were slightly SELL. GBPJPY also SELL because of that. But now there is a bit of RISK ON BIAS. Therefore, GJ can be BUY in the future. - Currently GBPJPY LONG TERM can move up to the LEVEL 167.52. Also, according to the GBPJPY STRUCTURE, before BUY, you can move down to the SUPPORT LEVEL of 158.83 to the SUPPORT LEVEL. Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. Currently, the MARKET is somewhat RISK ON. Therefore, XXXJPY will be a BUY in the future. Therefore, pay attention to the CURRENT MARKET SENTIMENT.
by benny_marshall