GBPJPY: New move of investors!Fundamental analysis
According to the EMA 34, 89, and 200 indicators, the market is currently on an upward trend and is following the price line. It is highly likely that the price may retest the slightly increasing sideways price zone or test the resistance area.
Market overview before news
In addition to the unexpected upturn in mortgage activity, investors should also look for a sustained rise in inflation. These reports pressure the Bank of England to tighten monetary policy. And this is good news for the British Pound, where interest rates and bond yields are lower than in the US.
Gbpjpyanalysis
GBPJPY: JAPANESE DEFINITION!Technical analysis:
The current trend for GBPJPY is still on the rise as indicated by the price line. The RSI shows an imbalance but doesn't indicate an oversold situation. The 2 EMAs are also providing support to the uptrend. In summary, it can be expected that GBPJPY will continue to increase in the upcoming days.
Market overview:
Monetary authorities in Japan have suggested that the yen may experience renewed pressure after a three-month period of easing. Despite the Bank of Japan maintaining its existing policies, the yen is at risk of being negatively affected by an intensified interest rate differential game. This game is expected to be more aggressive than last year, as yield spreads between Japan and the US have widened for both short and long-term yields. Japan can use the current higher interest rate environment to competitively devalue its currency to support national exporters. This is an opportunity that was missed during the previous decade, when interest rates were at zero.
When will GBP/JPY Fall? Best level to sell + 680 PipsDear traders, many GBPJPY Traders are waiting for GBP/JPY to decline.
However, GBP/JPY is on a relentless bullish pursuit.
That being said, if you look at the daily candles in GBP/JPY, the last 10-12
daily candles indicates exhaustion which means when price finally reverses,
the fall would be pretty quick.
So, in case you are holding sells or have sold at 175.25, you can expect
GBP/JPY to reach 168 when price reverses.
Big Move Alert: A 700-1800 Pip Drop Coming - Are You Ready?As you've seen, this currency pair has been steadily rising, and now we've hit the pinnacle of a weekly supply/sell zone dating back to early 2016. It's interesting because this point intersects the 2016 swing high, a level potentially crowded with stops, likely being eyed by significant market players.
Price action on the lower timeframes is grinding higher gradually all signs are indicating an enticing sell opportunity with a potential return ranging from 700 to 1800 pips. The initial target would be the recently established demand/buy zone at 168, which I've highlighted with a green line. This zone could very well trigger a bounce-back up towards the current price level.
And if this rebound happens at 168, this could pave the way for you to find an attractive rebuy point, propelling this pair upwards towards the monthly supply/sell zone at 185. A clear breakthrough of the current area could essentially clear the path for the currency to climb all the way to 185.
As for the current sell idea I am beginning to look for signals in timeframes ranging from 4 to 12 hours using my TRFX indicator and aiming for the 168 zone. As soon as I detect the trigger, I'll provide an update.
This setup has an immense potential. If you concur, please express your agreement by liking and sharing this post.
GBPJPY 11June2023a bullish trendline has been formed with 3 areas touching, in my opinion the price will rise quite high in the medium term. the initial target is fibo extension 1. where the length of wave 5 is equal to the length of wave 3. the price can be said to be bearish when the price can go down through the bullish trendline. the best option right now is to look for a moment to go long.
GBP/JPY rally stops at the resistance level, More decline?Dear traders, in a quite expected move, GBP/JPY rallied almost 200 pips
from 172.65 and reached the resistance level as indicated in my chart.
Currently, we are seeing the formation of multiple bearish candlesticks in
the 4H chart. So, this gives us a moderate bearish bias.
If this bearish price action persists, traders can consider selling GBPJPY@
174.40-.174.70 with SL above resistance and TP at 172.60.
GBPJPYInvestors are shrugging off the underwhelming release of the US ISM Services PMI from Monday. This has led to a boost in the US Dollar, which is now supporting the USD/JPY pair. The rise in the US Treasury bond yields has contributed to the intraday uptick in the USD. However, this rise is likely to be limited due to the Federal Reserve's policy tightening cycle. The market is pricing in a higher chance that interest rates will remain unchanged at the end of the two-day policy meeting on June 14. This may prevent the USD bulls from taking aggressive bets. Additionally, the Japanese authorities may intervene in the markets, which would limit any meaningful appreciation for the USD/JPY pair. The cautious mood around the equity markets could benefit the JPY's relative safe-haven status. The Bank of Japan's (BoJ) more dovish stance may continue to undermine the JPY, which would limit the downside for the USD/JPY pair. There is no relevant macro data from the US, so it is wise to be cautious for aggressive traders.
GBPJPY Bullish momentum fading, watch out for sell opportunitiesThe bullish momentum in GBP/JPY is fading. From the chart, you can see that the
price action in the highlighted zone is quite bearish as we have multiple bearish daily candles.
So, I would recommend traders to keep an eye on potential sell entries between 174.40-175
with SL above the zone and TP at 167.45
GBPJPY: Can't get better than thatGreetings Fellow Traders:
We published an idea about GBPJPY last week and we mentioned 174.60 as an area of resistance...
It did hold pretty well...
But wow factor is that we mentioned 172.87 as our Target 🎯
And rest you can see by yourself
Congratulations to those who took benefit out of this analysis
GBPJPY Sell TF M30. TP = 173.23On the 30 minute chart the trend started on June 2 (linear regression channel).
There is a high probability of profit. A possible take profit level is 173.23
But do not forget about SL = 174.69
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
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.
DeGRAM | GBPJPY fibo inversionGBPJPY market broke and closed above the resistance at 173.500
Price action has been making higher highs, and the market might retest the next resistance, which is the fibo inversion level .
We expect a retest of the major resistance level since the trend is bullish.
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GBPJPY - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here we are in a bullish market structure from 4H perspective, so I am looking for longs from discount zone. I expect price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
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GBPJPY H4 Ascending Channel ShortHi traders!
The current market conditions suggest a potential reversal in the GBP/JPY exchange rate, pointing towards a local downward trend. we are adopting a cautious approach and anticipating a temporary retracement in price before initiating any trades. This strategic decision is in line with our analysis of a channel up pattern and downwards crossing the 100 period WMA on the 60 H1 timeframe, which signals a favorable Short trading opportunity.
Have a great trading week ahead!
GBP/JPY +75 Pips 0 Drawdown , Did You Enter ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBJPY 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 BUYHello, analysis of the GBP/JPY pair. There is a high probability of going up. With an upward flag. And break the bearish flag. The price is now in a very important area where there is a strong resistance from which the price bounced several times. The price is now trying to break it. to rise to the level of 168,000 .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you