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Gbpjpybuy

Long GBPJPY Long GBPJPY - Swing trade idea. I have bought GBPJPY at 151.35 as I feel this move lower is now exhausted. No interest in getting too carried away during this risk off mood, however I feel the run has gone a long way and if we had to see the dollar start to fall, that would cause GBPUSD to rally pulling up GBPJPY along with it. On the other hand, if the USD stays bid, this will cause USDJPY buying thus putting pressure on JPY strength and hopefully cause USDJPY to make a decent retracement higher again taking GBPJPY along for the ride. Long GBPJPY - 151.35 TP - 156.00 SL - 150.70
Long
by WhosPipsAreTheseAnyway
GBP/JPY| Potential Upward Movement 🚀 Technical Analysis: The pair has succeeded to find buyers around the 153.77 USD mark where it broke the bullish pennant to the upside. A lower correction is expected to the support before a huge rally to the upside in the same direction of the main trend and toward the target profit mentioned below. ------------------------------------------------------------------------------------- Trade Idea: Buy Limit Order @ 153.79 Take Profit @ 154.58 Stop Loss @ 153.41 Trade Safely 🙂
Long
by Forex-Robot-Nation
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