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Gbpjpyanalysis

GBPJPY: The USD stabilized at the end of the week, the British PThe greenback steadied on Friday after dropping floor withinside the preceding consultation on susceptible jobs records, whilst sterling edged up following stronger-than-anticipated boom figures. At 04:10 ET (08:10 GMT), the Dollar Index, which tracks the dollar towards a basket of six different currencies, changed into buying and selling simply better at 105.115. The USD is heading in the right direction for small profits this week The USD steadied on Friday and is on route to advantage barely this week after falling on Thursday after records launched displaying a larger-than-anticipated advantage in subject matter records unemployment blessings request}} weekly. This proof of a cooling US hard work marketplace has strengthened a few expectancies that the Federal Reserve will start slicing hobby costs in September. Still, hard inflation stays the Fed`s foremost factor of contention, with a chain of officers caution of such remarks this week which have boosted the greenback this week. San Francisco Federal Reserve President Mary Daly stated Thursday that there is "considerable" uncertainty approximately in which U.S. inflation will head withinside the coming months. She added: “In a state of affairs in which inflation stays at... levels, with out in addition development being made, it isn't always suitable to begin adjusting costs until we see a slowdown withinside the hard work marketplace ”.
Short
by Chart_MasterPro
GBPJPY Potential MONSTER Trade Opportunity!Do we have a potential monster trade opportunity in front of us? If the trend reversal on the higher time frame sticks, we could have an opportunity to get in right at the base of a next major move! In the chat we are looking at a bullish break of market structure. We discuss the trend price action and some concepts around building a position early on in a higher time frame trend shift. As always the information is for educational purposes only and not to be construed as financial advice.
Long
by fxtraderanthony
6
GBPJPY starting the wave 5 ?www.tradingview.com Elliott Wave Analysis: GBP/JPY on 8H Chart Wave 1: Initiated at 188.661, marking the start of an impulsive bullish wave. Wave 2: A correction to 178.480, representing a natural retracement after the initial surge. Wave 3: Ascended to 200.398, typically the longest and most robust wave in an Elliott Wave sequence. Wave 4: A minor correction to 191.433, setting the stage for the final leg up. Wave 5: Currently underway, with potential targets at 200.013 or the 1.618 Fibonacci extension level at 208.595. The completion of Wave 5 would mark the end of the current bullish cycle, after which a larger degree correction could be anticipated
Long
by joestar95
GBP/JPY Bearish Scalping Plan to make moneyMy Dear Robbers / Traders, This is our master plan to Heist Bearish side of GBP/JPY based on Thief Trading style Technical Analysis.. kindly please follow the plan i have mentioned with target in the chart focus on Short entry, Our target is Green Zone that is High risk Dangerous area market is overbought / Consolidation / Trend change / Strong Pullback happens at the level Bear Robbers / Traders gain the strength. Be safe and be careful and Be rich. when market break the dynamic support it will continue to go down down. Loot and escape at the target🎯. support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Short
by Thief_Trader
GBPJPY Bullish robbery plan to make moneyMy Dear Robbers / Traders, This is our master plan to Heist Bullish side of GBPJPY Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan i have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend change / Strong Pullback happens at the level Bear Robbers / Traders gain the strength. Be safe and be careful and Be rich. Loot and escape on the target🎯. support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Long
by Thief_Trader
GBP/JPY: Race back to 200.000? On Monday, the yen dropped to 160.000 per dollar, marking its lowest level since 1990, before rebounding more than 3% to 154.5 per dollar. This rebound was suspected to be the result of intervention by Japanese authorities. According to reports from Bloomberg, the Bank of Japan (BoJ) likely injected ¥5.5 trillion into the currency markets after discrepancies were noted in the BoJ's operations report on Tuesday, where market forecasts didn't align with reported current account figures. Both the GBP/JPY and USD/JPY pairs are gradually recovering on the charts. The USD/JPY is testing levels above 157.500, while the GBP/JPY is eyeing 197.00. Both pairs could keep on advancing if the forthcoming US data continues to surprise. Notably, the Fed taking a hawkish tone after its FOMC decision on Wednesday and jobs data due on Friday. The GBP/JPY's recent peak at 200.60 remains a key target for traders despite potential intervention by the BoJ. Looking forward, market sentiment could appear bullish, with attention focused on key levels such as the 193.600 resistance-turned-support and the 10-day SMA.
by BlackBull_Markets
GBPJPY: 1000+ Pips Selling Opportunity! Do Not Miss OutHey Everyone, OANDA:GBPJPY we have witnessed change in price behaviour, in longer time frame price have failed to breakthrough the 193.00 price region. After witness many strong wicks rejection we anticipate that sellers presence in the market remain extreme and it will likely to increase in the days to come. You can take sell entry now with stop loss and take profit as suggested. Please use accurate risk management to have better outcome. We are targeting 1000 pips out from this idea. good luck.
Short
by Setupsfx_
43
GBPJPY Technical Analysis and Trade Idea The GBPJPY is in a strong bullish trend as we can see on the daily and four hour time frames. Currently we are seeing an aggressive pullback down into our optimal entry zone. In the video we cover the trend, price action, market structure and I share a couple of trade ideas for consideration It's important to note that the information shared is intended purely for educational purposes and does not constitute financial advice. Trading entails inherent risks, underscoring the criticality of implementing robust risk management protocols consistently.
Long
by fxtraderanthony
GBPJPY: Yen struggles as BOJ faces yield dilemmaThe Japanese yen keeps to stand vast demanding situations because it hit a 34-yr low towards the greenback, with little expectation that the Bank of Japan (BOJ) will improve hobby costs at its meeting. upcoming coverage on Friday. The significant bank, which has no forex mandate, is beneathneath growing strain because the weakening yen influences inflation via way of means of growing the fee of imports. Despite guidelines from BOJ Governor Kazuo Ueda approximately the opportunity of destiny hobby fee hikes, forex markets have in large part unnoticed those signals. In March, the BOJ raised hobby costs for the primary time in 17 years, however the flow did little to reduce the yen`s decline. Traders continue to be targeted at the more potent greenback and the vast yield differential among the USA and Japan. The yen is presently extra stricken by US trade costs and yield differentials. Swami additionally talked about that whilst a complete normalization of BOJ coverage may want to assist enhance the yen, the important thing thing may be the Federal Reserve's actions. Market expectancies for the Federal Reserve have changed, with fewer hobby fee cuts than anticipated this yr because of symptoms and symptoms of chronic US inflation and a lackluster financial recovery. This extrade in outlook indicates that US short-time period hobby costs may want to continue to be above 5.25% for an prolonged period, whilst Japanese short-time period hobby costs are at 0.1%. Even with the 22 foundation factor boom priced in for Japan this yr, it hasn't executed a great deal to shut the gap.
Short
by Chart_MasterPro
GBPJPY - Long idea ✅Hello traders! ‼️ This is my perspective on GBPJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. My point of interest is if price continue the retracement to fill the imbalance and then rejects from bullish order block + institutional big figure 193.000. Fundamental news: Tomorrow (GMT +3) we will see result of Interest Rate in Japan, news with high impact on currency, so pay attention in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
SHORT GBP/JPY from 192.60 (again!!)The area around the WR1 (192.52) pivot both last week and this week has been a bridge to far for GBP/JPY BULLS. I've shorted this pair 4x this week and we're back at the pivot once more. Yesterday saw a massive sell off in the early hours and this looked like it was the end for GBP/JPY BULLS but amazingly they've recovered all lost ground and the price is pushing this WR1 level once again. Although nothing in forex is certain, its recognized that history repeats itself and if SELLERS are waiting for the price to hit a certain level then its likely that they'll jump in again if/once the price reaches that level. Whilst we a re still waiting for a BEARISH signal on the mid time frames (15m, 30m and H1) the M5 is clearly BEARISH on RSI, MACD and Andean Oscillator and the current H1 candle looks like its going to be a pinbar which would be a BEARISH candle particulalry as this comes at known and proven resistance. So I'm SHORT again and looking for an intermediate target at 191.97 (WM3 pivot and 200 EMA) but its entirely possible we may see another mass sell off like yesterday once price dips under 192.20 area so if this trade does take off then momentum will determine wheh we can take profit. It has to be remembered that the persistency of GBP/JPY BULLS means we cannot rule out another attempt by the BULLS to drive the price higher but with 192.62 having been successfully defended 7x over the last 2 weeks its hard to see how this key level can be broken in the absense of further news. Interesting to note that the GBP Retail Sales came in red (0.0% actual 0.3% exp) which didn't seem to make any lasting difference to the direction this pair was headed from 01:00 this morning so there's clearly still agreat deal of BULLISH sentiment around still.
Short
by forextraplaces
SELLING GBP/JPY from 1.9268 (again! for the 4th time this week)Pivots are the most significant indicator for how I trade. I cannot understand why EVERY trader, no matter what their approach is, wouldn't use weekly pivots. The beauty of pivots is that they are the ONLY indicator that is set at the start of the week so you know where the price is in relation to the pivot days before the price gets there. This week on GBP/JPY we have seen price hit the WR1 (Weekly Resistance 1 key pivot level) 3 times and I've shorted the pair each time and banked shed loads of pips. Price is back at WR1 for the 4th time this week and as we KNOW there are SELLERS at this level then SHORTING this pair again is a no-brainer. No other analysis is really needed though we do have other SHORT confirmations with the red SELL line of the Andean Oscillator rising from 0 on H1 and both RSI and MACD are declining. The only question is - where do I bank the profit? The 200 EMA (H1) has been a bridge too far for GBP/JPY BEARS so I'm setting my t.p. at 192.00 though if the momentum is strong and the BEARS are pushing to break thsi key level then 191.31 would be the next target which would be WPP Pivot and this sits above the 200 EMA on H4. With all that said, this is forex and there are no guarantees and anything can happen. We could see another drive back to WR1 so we still need to get the position to break even as soon as possible and then if the price does head back north we would look to SHORT from however high the BULLS push the price but I can only see SHORT trades for this pair for the rest of the week.
Short
by forextraplaces
GBPJPY Higher after JPY fundamentals ChangeWe may observe that GBPJPY has hit it's head several times at 192.803 and has failed to break above this level. All week we've been ranging after moving slightly up early in the week. Price wants to go up and since the Bank of Japan recently increased interest rates for the first time in many years, we may very well anticipate a continued trend on GBPJPY to the upside. This is a rare occasion when buying around the highs has less risk due to the fundamentals. When a market touches a zone and returns this many times, the zone will eventually breakdown. 193.313 Daily zone and monthly zone 193.639 are our bullish targets for GBPJPY. At our monthly zone we may anticipate alot of profit taking and a steep pullback to clear liquidity. Price appears to be forming support at the Daily Level now(192.355) on this thursday NY session, April 18th 24'
Long
by ShrewdCatfx