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Gbpjpyforecast

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.
Long
by Sphyn-Trader
1
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.
Long
by AbeikuGlobal_FX
1
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:
Long
by Mihai_Iacob
13
GBPJPY Long Term Buying Trading IdeaHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit 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
Long
by ForexPlanet20
GBPJPY Long Term Buying Trading IdeaHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit 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
Long
by ForexPlanet20
GBPJPY the monthly : price is fully bullish, we can see that it broke the strong supply and demand zone. weekly; price broke and retraced to the broken supply and demand zone, there are two candles rejecting the zone so I'm expecting a retracement to the downside and then a bullish continuation. daily; The trend is fully bullish there is also a high momentum and we also have the SMA's confirmation of a strong bullish trend, so I'm only looking for buys 4h; There is a probability of price retracing then continuing the bullish trend or breaking and retesting the zone either way ill be looking for a long trade after seeing some shrinking candles on the zone with some rejections and a hammer candle as a confirmation to look for my entry on the lower timeframe RM; sl; below the rejections tp; next s/d zone R; 3:1 minimum
Long
by Ily14
1
GBP/JPY's 30-Minute Support and ResistanceIn the intricate realm of forex trading, precision is paramount. Each level, each movement holds a crucial piece of the puzzle. Let's delve into the technical intricacies shaping the journey of the GBP/JPY pair within the 30-minute timeframe. Finding Ground: Dual Support Levels Amid these critical minutes, GBP/JPY locates its footing with not one, but two support levels: Primary Support - 183.706: This serves as the initial anchor for the pair, providing a foundation that potential rebounds and recoveries can build upon. Secondary Support - 183.300: A backup in case the pair faces increased pressure, this level bolsters its potential to resist further downward movement. Conquering Challenges: Resistance Unveiled However, the path forward is punctuated with challenges. The pair encounters a single resistance point, serving as a barrier that demands an earnest effort to overcome: Resistance 1 at 184.790: This pivotal point marks the primary hurdle for GBP/JPY's upward ascent. A successful breach could signal a shift in market sentiment, opening doors for potential further gains. Insights to Navigate: Charting the Course For traders and keen observers, the interactions between GBP/JPY and these support and resistance levels are a treasure trove of insights. Each movement, each break, holds significant clues about the prevailing market sentiment. The dual supports at 183.706 and 183.300 create a resilient platform, offering opportunities for potential recoveries. Yet, the challenge presented by the resistance at 184.790 underscores the need for a concerted effort to drive the pair upward. As time ticks within this 30-minute span, the movements of GBP/JPY unfold like a compelling narrative. The interplay between support and resistance, between the ambitions of buyers and the strategies of sellers, forms a dynamic storyline that traders keenly follow, seeking to uncover the short-term trajectory of this captivating currency pair.
by enclavefx_Analaysis
GBPJPY: Today!The GBP/JPY cross posts modest gains but remains below the 184.00 barriers during the early Asian session on Friday. The cross currently trades around 183.85, gaining 0.07% on the day following the release of Japanese inflation data. The Statistics Bureau of Japan reported on Friday that the Tokyo Consumer Price Index (CPI) for August, fell to 2.9% YoY from 3.2% in the previous month, against 3.0% market predictions, while the Tokyo CPI ex Fresh Food and Energy remained stable at 4.0% YoY.
Short
by Sphyn-Trader
3