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Gbpjpyforecast

Gbp Jpy Short GBP/JPY is experiencing a bearish pullback within the 183.030 - 183.183 - 183.420 range, signaling a potential decline in the pair. Traders should closely monitor the following technical and fundamental factors to capitalize on this short trading opportunity. Technical Analysis: Bearish Pullback: The recent price action shows a bearish pullback from the 183.420 resistance level, suggesting a potential shift in market sentiment and an opportunity for short positions. Retesting Support: The pair is retesting the 183.030 support level, which has previously acted as a significant barrier. A decisive break below this level could trigger further selling pressure. Fundamental Analysis: GBP Weakness: The British Pound is facing challenges due to ongoing uncertainties surrounding Brexit and the UK's economic recovery. Geopolitical concerns and global market sentiment also contribute to the overall weakness of the GBP. Risk Aversion: The Japanese Yen tends to appreciate during periods of market volatility and risk aversion. As investors seek safe-haven assets, demand for the JPY may increase, putting pressure on GBP/JPY. Risk Management: To manage risks effectively: Stop Loss: Traders should consider placing a stop-loss order above the recent swing high near 183.420 to protect against potential bullish reversals. Target Price: Profit-taking targets may be set around the 183.030 support level or lower, depending on the trader's risk tolerance and market conditions. Conclusion: The bearish pullback in GBP/JPY within the 183.030 - 183.183 - 183.420 range presents an attractive short trading opportunity. However, traders should exercise caution and adhere to strict risk management principles. Monitoring price action closely and staying informed about any significant developments that could impact the pair's direction are vital for making informed trading decisions. As with any trade, unexpected events and shifts in market sentiment should be considered, and positions may need to be adjusted accordingly.
Short
by realtrademaster
GBPJPY: Today!The release of new data from the ONS caused a significant drop in UK government bond yields as traders adjusted their expectations for future interest rate increases. Prior to the release, financial markets were anticipating a final UK Bank Rate of over 6%, but these expectations decreased to around 5.75% during the morning, resulting in a sharp decline in UK 2-year Gilt yields, which are sensitive to interest rates. Given the projected decrease in inflation in July, thanks to a lower Ofgem Energy Price Cap, it is possible that the UK has already experienced its highest interest rates.
Short
by Sphyn-Trader
GBPJPY LONG TERM 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 Analysislooking at the existing market structure, the market may form a-b-c correction pattern with the possibility that wave B will approach the SnD area before falling again. if you look at the fibo retracement area, there is an SnD area that intersects with the fibo area with pretty good accuracy at notation 2.618. areas like this usually in the future will be responded positively by the price. This analysis is valid as long as the price does not rise more than the invalid area.
by Hokusai_FX
2
GBPJPY DIRECTION (Where GJ could go Next)The Technical analysis on gbpjpy from our channel has been great if you go through our history. Today our analysis on the pair is key to determine the direction of pair, We keep to our plan to buy as the pair remains in an uptrend in the higher timeframe, but for days now GJ has been trading sideways and also around the support level and the 200EMA at 179.83, we are monitoring to see a breakout and a retest before we go in with our selling plan. Bullish Target; 182.3, 183.25, 183.79, 184.9, 186.3 Bearish Target; 178, 177.3 176.04 We will need your support to Keep up the work and all we ask is your like, share, comment, and follow. Dont forget to hit the like, share, comment and follow bottom #Vimhype
by Vimhype
GBPJPY: In the short term, the technical outlook for GBP/JPY remains negative as indicated by the daily chart, which shows the pair declining from its recent multi-year high. The pair has experienced a significant rally of nearly 18% this year due to loose Japanese monetary policy and tightening UK monetary policy. However, there may be a change in the latter as today's inflation data suggests that July's inflation reading will be even lower. This is likely due to the implementation of the Ofgem energy price cap, which has been reduced from £2,500 to £2,074.
Short
by Sphyn-Trader
12
GBPJPY: The uptrend is still there!The US dollar index is struggling to build on Friday's recovery and remains at 100.00. The UK's FTSE 100 index is lower and US stock futures are mixed, indicating a cautious market stance. The sharp decline in Wall Street's major indices after the opening bell may help the USD find demand in case of a lack of high-level data releases. On Wednesday, the UK National Statistics Office will release Consumer Price Index (CPI) data for June. On an annual basis, the CPI is forecast to decline from 8.7% to 8.2%. Market participants may stay on the sidelines and wait for that data before deciding whether GBP/USD has more upside potential or not.
Long
by Sphyn-Trader
6
🚨GBPJPY HIGH PROBABILITY SELL / BUY SETUP SOON 🚨🚨GBPJPY HIGH PROBABILITY SELL / BUY SETUP SOON 🚨 * Here we can see clearly the next potential moves for Pound/Yen in coming hours or days * Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. * Here we can see clearly we can pull MULTIPLE setups from this trade. * I'll take first the SELL trade from EP(SELL), till it hit Strong Support Line. * This is positive for sentiment and the uptrend has potential to return. * EP(SELL): 180.893 * TP: 178.818 * No SL provided for this trade. * This is positive for sentiment and the uptrend has potential to return. * After hitting the Support Line it's going to reverse from there, then we can place EP(BUY) from that level. * Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. * This is positive for sentiment and the uptrend has potential to return. * The hourly chart technicals suggests further downside before the uptrend returns. * We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. * EP(BUY): 179.917 * TP: 181.992 * TP1: 182.939 * TP2: 183.827 * SL: 178.102 * Keep your eye close on your trading positions. * Happy pip hunting traders. * FXKILLA *
by FX-PIPHUNTER
4