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Gbpjpyanalysis

Counter-trend buy idea for GBP/JPY based on previous low,anyone?Hello traders and the entire Tradingview community! As per my previous idea published on 12 December 2023, GBPJPY has indeed moved to the 178.50 level as I had anticipated. Now, the big question is, should we buy it? Idealy, we should not buy falling knives as they say However, the scenario seems a little different here. With this fall being partially driven by the Fed decision last night and also relatively lower volumes, we can consider doing some buys with small lots here. As an aggressive trader, I have already bought GJ@178.53 with a TP of 182. No SLs yet, but I would be careful if prices breach this zone.
Long
by YourLazyTrader
9
Trade of the week: GBPJPY? Data emanating from Britain and Japan this week could mean that the GBPJPY is the currency to watch this week. Japan's Bank of Japan (BoJ) is set to announce its final interest rate decision of the year on Monday. Expectations from the BoJ are a little uncertain, prompted by remarks from Governor Ueda. Among various statements, he noted that the management of monetary policy would become more challenging toward the year's end. However, some officials have tried to step back Ueda’s comments, and most analysts polled by Reuters anticipate that the central bank will maintain its current policy settings. This uncertainty makes the yen a currency to closely monitor this week. Moving to the UK, Wednesday will see the release of November's Consumer Price Index (CPI) data. Expectations suggest a cooling of the headline CPI to 4.4% from 4.6%, and a decrease in the core measure to 5.5% year-on-year from 5.7%. One day later, attention returns to Japan for its inflation rate. Forecasts anticipate a decrease in the Core inflation to 2.5% in November, down from 2.9% in October.
by BlackBull_Markets
GBPJPY Long Term Buying Trading IdeaHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
1
GBPJPY: Reuters: The BOJ meeting next week is expected to have nThe latest Reuters poll on the Bank of Japan's outlook includes the following key points: BoJ will end negative interest rates by 2024, 84% of economists said in their quarter-end forecast; 71% in the November poll and 54% in the October poll. 88% of economists think the BoJ will end yield curve control; 12% think the BoJ will adjust YCC again. 28 out of 42 economists say BoJ interest rates will rise to 0.00% or 0.10% by the end of the second quarter of 2024; Two people thought it was 0.25%.
Short
by Chart_MasterPro
1
GBP/JPY Best level to buyHello traders! Along with other Yen pairs, GJ was very volatile last week. However, as we approach the end of the year and the big players in the market go on their vacations, both volatility and liquidity will reduce. Currently, GJ is in a very unpredictable zone. So, the best approach is to wait for a key level. I am waiting for GJ to reach the 179 level again. If price reaches the 178-179 zone and retests the support level, I will think about buying GBPJPY.
by YourLazyTrader
2
GBP/JPY Analysis : Looking at the bullish scenarioHello traders and the entire Tradingview community! I will take a look at the hourly chart of GBP/JPY and analyze it for you. If you look at the chart, you will notice that GJ is slowly building up a base around the 182.50 level. The immediate hurdle lies around the 183.15 area, which is the 100-hour moving average. If we see a strongly bullish candle breaking this immediate resistance, we can expect price to continue higher towards 184 and 185 levels . Failure to break the resistance will lead to further decline Note that, I do not have any buy trades in GJ, I am waiting for more confirmation before going into this trade.
Long
by YourLazyTrader
GBPJPY I Correction completed and more downside Welcome back! Let me know your thoughts in the comments! ** GBPJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
21% chance BoJ hikes rates on 19 Dec! There is currently a 21% probability that the Bank of Japan (BoJ) will raise interest rates during its upcoming meeting on December 19. This would really send shockwaves through yen pairs on the day. Yesterday’s huge gains in the yen against the US dollar and British pound are just a glimpse of the possible volatility this action could cause. Yesterday BoJ policymakers may have suggested a potential shift away from their ultra-low interest rates. But are markets getting ahead of themselves and squinting just a little too hard into their crystal balls? Bank of Japan Governor, Kazuo Ueda mentioned that policy management would become "even more challenging from the year-end and heading into next year,". The mention of the “year-end” has led to speculation that the central bank might move away from negative interest rates at its next policy meeting. The thing is: The boJ has been dangling this possibility in front of traders ever since Ueda took up position as Governor. So, maybe a short play on the yen is still a possibility as the BoJ likely disappoints again during its next interest rate decision.
by BlackBull_Markets
GBPJPY → Remains on the defensive despite reclaiming 185.00FX:GBPJPY recovered some ground, but it remains trading with losses of 0.31%, late in the North American session, due to risk-off impulse as investors slashed bets the US Federal Reserve would cut rates as aggressively as traders expected. The cross-pair is trading at 185.86 after hitting a daily high of 186.54. The pair dipped to a nine-day low at 185.08 before bouncing off those lows but it is hovering around the 185.80s area. That said, Monday’s price action is forming a hammer, which implies the GBP/JPY could retest higher prices. The first resistance would be the 186.00 figure, followed by the Tenkan-Sen at 186.86. Once cleared, the next resistance would be 187.00. On the other hand, a bearish resumption could happen if GBP/JPY sellers drag prices below 185.00. That would pave the way to test the Kijun-Sen at 184.71, followed by a support trendline at around 184.25/35, before falling to the 184.00 mark.
Short
by tradingconmike
GBPJPY Long Term SELLING Trading IdeaHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
by ForexPlanet20
Main trend for GBPJPY marketSaw a drop of more than 0.20%, with the Japanese Yen gaining strength against major currencies. Despite the pair's overall uptrend, recent price action has formed a 'double top' pattern, suggesting further confirmation is needed, with the price breaking below 184.46. Conversely, a move above the November 28 daily high of 187.87 could set the stage for the pair to test the year-to-date high at 188.80. The H1 chart shows that bulls are still dominating the market, continuously creating downward declines, challenging the nearest support zone of 186,280. The Japanese yen appreciated against major currencies and fell by more than 0.20%. Despite the pair's overall uptrend, recent price action has formed a "double top" pattern, suggesting that the price needs further confirmation below 184.46. Conversely, a rise above the intraday high of 187.87 on November 28th could be a stepping stone to test the year-to-date high of 188.80. The first half chart shows that the bulls are still in control of the market, causing continued declines and challenging the next support zone at 186,280.
Long
by NicoTradingMaster
GBP/JPY!! 29/11 DOW theory, SELL NOW⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: According to the DOWN theory, the price has formed a very beautiful H1 chart. Supports the upcoming DOWN trend ⭐️ SET UP GBPJPY PRICE: 🔥SELL GBP/JPY zone: 187.100 - 187.250 SL 187.600 TP1: 186.800 TP2: 186.500 TP3: 186.200 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
3