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Gbpjpybuy

GBP/JPY Potential Upward Movement 🚀 Technical Analysis: The price is trading inside a wedge formation where it managed to break it to the upside. A lower correction might be seen around the highlighted zone. This move could lead to a bounce and a move upward in the same direction of the main trend. ------------------------------------------------------------------------------------- Trade Idea: Buy Limit Order @ 155.48 Take Profit @ 155.78 Stop Loss @ 155.33 Trade Safely 🙂
Long
by Forex-Robot-Nation
GBP/JPY - Pound Bullish on BoE Rate Hike Expectations Fundamentals Key Points: 1. Markets are expecting UK Inflation to overshoot the central banks' 2% target and reach 3.35% in the coming years. 2. UK 10 Year Bond yields have been rising as a result of high inflation expectations. 3. Against countries like Japan, Switzerland & Germany the UK 10 Year Government Bond Yield is more attractive for investors causing money to move into the UK from these countries and the pound has been getting stronger against all three currencies as a result of the UK's Bond Yield rising. 4. The Bank of England said on May 27th that if people are moved off furlough back into work at a faster pace than previously expected, The Bank of England may be forced to withdraw some of its monetary stimulus and potentially raise interest rates as inflation will rise as the demand for goods and services rise from employment and the re-opening of the economy. 5. High levels of employment will boost price pressures at a time when inflation is already expected to be high from supply shortages caused by the pandemic. 6. This scenario means the central bank will be forced to act and withdraw its monetary support to curb inflation by reducing its bond-buying program, causing the price of bonds to decline and pushing up the Yield due to their inverse correlation. 7. A rate hike would also cause UK short-term rates to move into a profitable carry trade against currencies like the Japanese Yen & CHF & EUR. What To Watch Employment Data Rate Hike Expectations UK Bond Yield’s Trade Idea’s EUR/GBP - SELL GBP/JPY - BUY GBP/CHF - BUY Technicals GBP/JPY - Key Resistance ¥160.00 GBP/CHF - Key Resistance 131.000 EUR/GBP - Key Support €183.500 

 ATR Volatility GBP/JPY - 4.76% GBP/CHF - 4.06% EUR/GBP - 3.72%
Long
by KayansMarkets
GBPJPY BUYS to 155.500GBPJPY BUYS TO 155.500. Based on the HTF market structure. Currently looking for buying opportunities to 155.000 then 155.500. Overall market structure on H4/Daily is bullish. Currently ranging on H4 TF but once we have an H4 candle closure above 154.750, GBPJPY will fly to 155.000 then 155.500. Targets are posted below. Once Price hits TP1, stops are moved to break even to secure position. Intraday / Swing setup T1: 154.766 T2: 154.927 T3: 155.000 T4.155.000
Long
by oneumbrellafx