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Gbpjpyforecast

#GBPJPY-300 PIP DROPPED FROM LAST SETUPDear Traders, hope you are doing great, our last trading setup on GBPJPY dropped 300 PIPS, and we have not got an opportunity where price will fill up the liquidity voided area. Next week we have NFP where mix data is expected so JPY will be seen as heavenly safe currency for the investors and hence it will be an opportunity for all of us to have an perfect entry on this pair especially when the move is around 800 pips. -Wait for the price fill the LQ VOIDED area then enter with stop loss of 40-45 PIPS.
Short
by Setupsfx_
8
GBPJPY SHORT TERM INTRADAY IDEAIntraday Analysis - GBPJPY - ( 2nd March 2023 ) No fundamental shift , YEN still weak with its monetary policy and dovish tone. Unless the new elected one implements a change and have a more hawkish tone, i do expect YEN to continue being weak all year. GBP as stated is also weak economically however in this case, YEN weakness holds more weight. Will be looking at continuation buys on GBPJPY as price just tapped into our key level of interest whereby HRHR buys were called out a few days ago. If you missed it , scalp longs up level by level. HRHR BUYS AT 164.00 MRMR BUYS AT 164.500 SAFEST BUYS AT 164.800 ( WATCH OUT FOR POTENTIAL RETRACEMENT ) WILL ONLY BE LOOKING FOR SHORT BELOW 162.800
by CJ_GOLDPIPS
GBPJPY SHORT TERM TRADE IDEAIntraday Analysis - GBPJPY - ( 28 FEB 2023 ) Will be playing GJ continuation buys from yesterday. Fundamentally both pound and yen is extremely weak. GBP is the weakest in terms of economy this year however due to its government's hawkish stance to change monetary policies to aid in the economy, GBP has a upper hand here as compared to YEN . The Japanese government has been dovish since the start of bear markets and has no intentions to change monetary policy just yet. Looking at pullback buys on GJ HRHR BUYS AT 163.500 MRMR BUYS AT 163.800 SAFEST BUYS BREAK OF HIGHS AT 164.500 There will be no sells in play as all timeframe has point towards a bullish bias + fundaments are in play supporting our bias. We may get deeper pullbacks depending on GBP speakers later during pre NY session. However i do not expect it to hold much weight.
by CJ_GOLDPIPS
1