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Gbpjpyanalysis

GBP/JPY finally showing bearish signs, time to fall 270 Pips?Dear traders, GBP/JPY is finally showing some bearish signs on the 1Hour chart after a huge bullish rally. So, there could be some short-term pullback in GBP/JPY. In the 1 hour chart, the price is very overextended from the hourly moving average. So, there could be a pullback to 178.80 level. If price continues to struggle at the resistance level highlighted in my chart, traders can consider selling GBP/JPY@181.80-182.10 with SL above resistance and TP at 178.80.
by YourLazyTrader
10
GBPJPY Trading Guide. Selling is not yet started.Note : small traders should trade with money management as the pair is highly volatile. Level to take trades for small trading account holders Sell 182.150 Tp 181.750 Sell 187.5 Tp 187.0 Sell 190 hold for long 178. Fundamental Analysis When everyone is selling GBPJPY, then who is buying it and why it's going up and up without stopping ??? The answer is very simple. Big Investors and traders with technical + fundamental knowledge are not buying JPY. whenever GBP breaks resistance, retest it and start moving up. Simply buy GBPJPY. because JPY is not offering anything to investors then why investors buy JPY ???. Now you get my point. Now we will do some technical analysis. Technical analysis Technically the pair is showing overbought sign do expect some correction from 181.8 to 182.350, you can sell pair in this range and hold 50 pips or 500 points easily. but I am expecting bullish rally to 190 & 195 areas To be tested easily in a month or 2 month may be earlier. There we will sell from 190 and our target will be 178. I have mentioned these in the chart also. As Daily chart is bullish but showing highly overbought sign so at 190 psychological mark expect aggressive selling of the pair. Moreover, Bank of Japan is preparing to Intervene in the Market, so when the intervene will start ??? Bank of Japan is watching USDJPY levels so therefore when USDJPY reaches 150 then they will decide a meeting to intervene again. Apart from that retailers will also plan to wait at 150-152 area and avoid buying here. So when USDJPY reaches 150 psychological mark, expect BOJ intervene in FX market. As GBP is also going up without any Reason, therefore GBP will likely to fall heavy against all pairs.
Short
by AhsanTufail
Ready, Set, Trade: Are We On the Road to 168??Hey there, quick update on this setup. Like I mentioned in the initial analysis post earlier, I was waiting for a signal from the TRFX indicator, looking at anything from 4hr to 12hr. Well, it just gave the go-ahead on the 8hr mark after we saw a quick rise earlier - looks like we had a stop hunt. I've put my stop loss a bit above 178 and I'm keeping my eyes on the prize at the 168 area. As this pair starts moving our way, I'll be closing parts of it and dragging the stop loss behind. First thing's first, I'm looking to close about half of the position once we hit the 172.5 area and move the stop loss to the entry price. Hope this one helps you rack up some good pips
Short
by TheFxAce
10
#GBPJPY- Multiple opportunities Buy and Sell!-Due to JPY weakness, all the JPY pairs have been overvalued and none of them had any strong pullback. What we are expecting and seeing here is that this strong bullish impulse will continue for another two or three weeks or up until NFP news comes out. Investors are clearly dumping JPY due to DXY is more suitable option at current market condition. If STRONG NFP DATA comes out then we may see another strong bullish impulse leading GBPJPY to 179.00-181.00 region. -There are two opportunities here, first is to buy when we have minor pullback, this 'buy opportunity' in itself will be 400-500 pips move. Secondly if we misses out on buying then we will have 1000-2000 swing selling opportunity. -Please Like and Follow for more.
by Setupsfx_
50
GBPJPY: BOE Gov Bailey SpeaksFundamental technical analysis: Based on the fibonacci retracement analysis, the current price correction is expected to reach the range of 0.618 to 0.5. This correction is aimed at providing liquidity for the upcoming price surge. Moreover, the RSI and EMA indicators suggest that the upward trend is likely to continue. Market observation: Earlier today, Jonathan Haskel, a policymaker at the Bank of England (BoE), made comments that supported the Pound Sterling. In an article published in The Scotsman newspaper, Haskel stated that it is crucial to continue to combat the risks of inflation momentum, and that interest rates may need to rise further. On Tuesday, the UK's Office for National Statistics is expected to release labor market data. Average Earnings Excluding Bonus, which measures annual wage inflation, is predicted to increase to 6.9% in April from 6.7% in March. The markets have fully priced in a 25 basis points (bps) Bank of England rate hike at the next policy meeting on June 22. Therefore, if there is a low wage inflation, it may be difficult for the Pound Sterling to maintain its lead over other currencies, while the positive effect of a stronger-than-expected reading on the currency may be short-lived.
Long
by Sphyn-Trader
1
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.
Long
by Sphyn-Trader
3
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.
Long
by Sphyn-Trader
2
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.
by YourLazyTrader
6
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.
Short
by TheFxAce
9