Gbpjpyanalysis
GBP/JPY Faces Uncertainty: Key Economic Indicators in FocusThe GBP/JPY pair is trading in a sideways pattern, hovering just above the 183.00 level. JPY’s underperformance and the BoJ’s dovish stance are significant factors. On the UK front, the potential pause in interest rate hikes by the BoE due to emerging recession fears, coupled with technical indicators pointing at a potential bearish momentum for the Yen, suggests a possible downward move.
TRADE IDEA DETAILS:
CURRENCY PAIR: GBP/JPY
CURRENT TREND: Sideways with potential bearish undertones.
TRADE SIGNAL: SELL
👉ENTRY PRICE: 183.00
✅TAKE PROFIT: 181.50
❌STOP LOSS: 183.50
TRADE PLAN: Considering the current fundamentals and technical setup, initiating a SELL trade around the 183.00 mark offers a promising risk-to-reward ratio. Monitor the trade closely, especially during the key data releases and central bank meetings this week, which could cause significant volatility.
FINAL THOUGHTS: This trade suggestion leans towards a bearish outlook for GBP/JPY in the short term. It’s crucial to stay updated on any new developments from the BoE and BoJ meetings, as these could shift market sentiments swiftly. Always practice proper risk management.
GBP/JPY may fall further to 179 levels, trade wiselyHello everyone! GBP/JPY's bullish rally has run out of steam and
price is slowly descending to the downside here.
📌At present, we are noticing the formation of a wedge-like pattern
in the daily chart of GBP/JPY.
📌Despite this, the uptrend may be short-lived as price may fall
to 179 in the coming days.
📌My recommendation is to sell the rallies in GBP/JPY. If price spikes
to 184 or 185 levels, I would consider selling GBP/JPY
GBPJPY: JPY traders attempt a recovery!The GBP/JPY pair slid to a new five-week low after touching 182.51 on Thursday, falling off 184.00 in the final trading session of the week.
The British Pound (GBP) has struggled to develop further momentum against the Japanese Yen (JPY) recently, with the Guppy marking a move towards the 50-day Simple Moving Average (SMA) after failing to maintain maintained the key level of 186.00 at the end of August.
GBP/JPY marked its 2023 low in early January when the pair traded into the 156.00 region. GBP has done a good job of taking advantage of JPY's weakness since then, with Guppy still up around 17.50% on the year.
GBPJPY: today!As long as 185.76 resistance holds, further decline is expected in GBP/JPY. Break of 182.66 will resume the fall from 186.75. Sustained trading below 55 D EMA (now at 182.39) will argue that it’s already in a larger scale correction and target 176.29 support next. On the upside, break of 185.67 resistance will indicate that the pull back from 186.75 has completed. Further rise should then be seen through 186.75 to resume larger up trend.
GBPJPY: focus on the UK GDP releaseThe BoE has actually adopted a more cautious stance recently, as is clear from Governor Andrew Bailey's statement that the central bank is approaching the peak of its interest rate hike cycle. Despite persistent inflationary pressures, the BoE faces a delicate balancing act, as being too aggressive with interest rate hikes could endanger the UK economy.
SELL GBPJPY zone 184.400 - 184.500
Stoploss: 184.850
Take Profit: 183.700 (backtest breakout)
Take Profit: 183.000 (support zone)
GBPJPY TRADE IDEAhello
interesting
I noticed a flag pattern on HTF, and a bear trap on LTF.
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills**
Thanks a lot for your support
GBPJPY✔️Expecting Mid Term Bullish Wave⚠️Confirmation Trade Reaction from BUY area ..!!!
🟢 Try to BUY🔼 all the Dips !!!
✅Confirmation Buyer Limit Area
182.97 & 183.41 Zone
✅ Expecting Mid Term Bullish Wave
🔔 NEXT TARGET 185.60 & 186.00 Zone
GBPJPY 30 Minutes Timeframe Kindly remember, Elliott Wave is highly subjective, i will post if there's a new update on my perspective.
Trade safe, Everyone!
Cheers.
GBPJPY: So perfect chart!The GBP/JPY pair is on track to end the day close to its starting point, as market fluctuations caused the Guppy to trade back and forth due to changing sentiment. Traders of Pound Sterling (GBP) are preparing for a data-heavy economic calendar in the United Kingdom (UK) during the first half of the week. Meanwhile, broad-market support for the Yen (JPY) has increased following comments from officials at the Bank of Japan (BoJ) over the weekend, suggesting that negative rates may come to an end in Japan.
GBPJPY BUYS in playGBPJPY BUYS in play.
1. Potential Bullish Trend.
2. GBP is strong meanwhile JPY is weak.
3. Short term sellers pressure.
We are looking to go Long on this pair, As the price is heading towards the support and resistance zone. We will look for confirmations on the lower time frames.
GBPJPY and GBPUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
DeGRAM | GBPJPY breakout of the psychological levelGBPJPY is trading in the descending channel. The market broke and closed below the psychological level at 184.000.
Price action is printing the AB=CD, and it creating the engulding candle, indicating bearish dominance.
We expect a retest of the support level.
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CHFJPY I Short-term buy and potential move lowerWelcome back! Let me know your thoughts in the comments!
** CHFJPY 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.
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DeGRAM | GBPJPY possible bearish moveGBPJPY is trading in the descending channel.
The market rejected the support level, and it's pulling back to resistance.
On D chart, the market is consolidating.
If the price makes a false break at the confluence level, it might go further down.
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GBPJPY Analysis 10Sep2023My view of this pair is still bullish like the last analysis that I share here. For now the price is seen sideways, in my opinion this sideways series is included in the correction wave from the existing bullish trend series. We can only wait to do a short in an area that you think is valid with the help of this analysis.
GBPJPY, to swing up to retest the Year's high of 186.735GBPJPY made a breakout of the ascending channel since 28th July 2023 and went up to channel the year's high at 186.672 on the 17th of August 2023. Price pulled back to 184.110 support.
The pull back has been happening in a descending channel from 16th August when it broke out of the descending channel and was looking to retest the channel last Friday, 2nd September and rebounded on the 183.530 support.
What do I expect??
The price will swing up to retest the year's high of resistance (186.735) or the yearly resistance trendline closer to the year's high as shown.
GbpJpy- More than 500 pips selling opportunity2023 was a very strong year for GbpJpy, with the pair rising more than 3k pips, exceeding my target of 180 as explained in both my 17th of January 2022 and 20th of April 2022 long-term analysis.
Although the pair remains in an up trend, for a month now, GbpJpy has failed on 186, unable to make a new high, leaving long up-tailed weekly candles.
This suggests that a top could be in place and a much-needed correction could follow.
With this in mind, I will look to sell rallies for a medium-term trade with a 500 pips target.
A new high would negate my outlook.
My previous long-term analyses for GbpJpy:
GBPJPY CLEAR DOWNSIDE RUNlooking to short GBPJPY upto its support area of 183.40. as we are in bullish trend which seems to be shifted for downside. let see how it pans out.
GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY Long Term Buying Trading IdeaHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
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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
