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Gbpjpyforecast

GBP/JPY SELL from 1.9364GBP has been weak since late yesterday and has steadily sold off and this sell off has been accelerated by the CPI miss this morning at 07:00 where the expected CPI reading of 4.1% missed by .1%. GBP has sold off aggresively since and there no sign that this sell off has finished. I'm SHORT GBP/JPY where price is breaking down support at 188.94. There's quite a decent amount of support under the current price coming in at 188.68 which is the 100 EMA on H1 and WPP mid pivot. If price can break through these levels we should be good to reach 188.14 which is the 200 EMA on H1. The Andean Oscillator is adding weight to the analysis as we can see the red SELL line is advancing and coming to meet the signal line. There is a potential market mover at 15:00 BOE Governor Bailey is on his feet. STOP for this trade is tight at 189.14.
Short
by forextraplaces
GBPJPY Technical Analysis and Trade IdeaGBP/JPY has encountered a significant resistance level on the monthly timeframe. This level has demonstrated a strong history of price rejection. Furthermore, the pair's overextended state, following a sustained bullish run, signals a potential retracement. Trade Strategy: A retracement to the 61.8% Fibonacci level on the 1D could present an optimal entry point for a buy position. Seek confirmation of this setup from a daily timeframe price swing aligning with the Fibonacci level. Implement a stop-loss order below the previous swing low, maintaining a minimum risk-reward ratio of 1:2. Disclaimer: This analysis is for informational purposes and not financial advice. Always conduct your own research and risk assessment before trading.
Long
by fxtraderanthony
GBPJPY H1 / POSSIBLE BREACH OF THE STRUCTURE 📉Hello Traders! This is my idea related to GBPJPY H1. I expect a retracement after GJ will set a new BOSS. If confirmed, I will set two Take Profit levels. The first one is at the FVG H1, where is also the FIBO 50%. The second TP I will set at the BOSS level. I'm very curious about next week's move on GJ. Keep in touch! Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Short
by GoodTradeST
2
GBPJPY I Pullback within the flag and bullish continuation Welcome back! Let me know your thoughts in the comments! ** GBPJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
by BKTradingAcademy
Buy GBPJPY Channel BreakoutGBP/JPY M30 Channel Breakout Hints at Potential Upside: Buy Opportunity Emerges The GBP/JPY pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a channel pattern. This pattern suggests a shift in momentum towards the upside, potentially offering entry points for short-term long positions. Key Points: Upward Channel Breakout: The price has been trading within a channel defined by two rising lines, one for support and one for resistance. This indicates ongoing buying pressure and potential for further advance. However, a recent break above the upper resistance line signifies a potential shift in momentum towards the upside. Buy Entry: Consider entering a long position around the current price of 186.60, which is close to the breakout level. This offers an entry point near a potential continuation of the upward move. Target Levels: Initial bullish targets lie at the resistance levels of 187.48 and 188.17, marking previous resistance zones within the channel. Stop-Loss: To manage risk, place a stop-loss order below the support line of the broken channel, around 185.85. This helps limit potential losses if the price reverses and breaks back down. Fundamental Updates : BoE Meeting Minutes: Bank of England (BoE) meeting minutes reveal a hawkish tilt towards raising interest rates sooner than expected, it could strengthen the Pound against the Yen. Weaker Japanese Yen: The Yen has been weakening recently due to the Bank of Japan's continued loose monetary policy, potentially supporting a rise in GBP/JPY.
Long
by KABHI_TA_TRADING
26
GBPJPY SELLING ON DIPS BOJ INTRESET RATES AHEAD !!!HELLO TRADERS I am looking on this chart and its now created a ATH on Daily and Weekly TF & trading in a channel. as we know tomorrow is BANK OF JAPAN interest rates coming out and I hope so it will be good for JPY even they are same as in forecast maybe it can be surprising expected the BOJ to end its negative rate policy, which has set Japan's short-term deposit rate to minus 0.1% over the past seven years, Governor Kazuo Ueda told a newspaper interview earlier this month the BOJ might get enough data by year-end to judge whether it could end negative rates, prompting traders to buy the yen to hedge against a possible earlier-than-expected rate hike. While it has bounced back in the last couple of trading sessions due to some “bargain hunting” amid oversold conditions, the downside may not be done just yet. it's just a trade idea friends share your thoughts with us it helps us all. STAY TUNED for more updates.
Short
by APEX_TRADING_ACADMEY
GBPJPY: Asian foreign exchange markets fell, the USD was strongeMost Asian currencies were mildly volatile on Friday but headed for weekly losses, while the dollar hovered near a one-month high amid growing doubts that the Federal Reserve will cut interest rates early this year. The Japanese Yen was hit the hardest due to concerns about higher interest rates for longer and was also the worst performing currency in Asia this week. The yen fell 0.1% on Friday and is forecast to fall 2.3% this week. Friday's data showed Japan's consumer price index (CPI) inflation fell to its lowest since June 2022 in December, prompting the Bank of Japan to maintain much of its ultra-extreme policy. his moderation at {{ecl -165||next week's meeting}}.
Long
by Chart_MasterPro
GBPJPY POSSIBLE FALL ?hi traders , since the summer gbpjpy has been trading inside a channel on the daily tf . we can see the price approaching the sell area where we have a resistance + bearish trendline it is very likely that we see a bearish move from there id wait for extra confirmation. right now the only comfirmation we have is the close of friday candle that closed as a bearish spinning top and the rsi that is indicating a bearish divergence and weakening of price. trade safe homies!
Short
by xAB777
1
GBPJPY I Impulse Correction with Caution Welcome back! Let me know your thoughts in the comments! ** GBPJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
1