#GBPJPYIn an upward trend in the golden zone, with the confirmation of the failure of the previous swing, you can enter into a buy transaction.
Gbpjpylong
GBPJPY BullishHTF is typically bullish as seen on H4 and weekly TF, now on the H4 & 15m price has BOS the has a deep pullback, when we go lower to 15m we see a Order Block ( Demand Zone ) where i expect asian low liquidity to be sweep towards the OB the price rally up quick.
GBPJPY Long Term SELLING 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
GBPJPY buy oppertunityThis situation in the GBPJPY market appears to be a clear illustration of a stop hunt and market imbalance:
1. The market is currently in a period of consolidation, trading within a horizontal range on a daily basis.
2. Earlier today, there was an attempt to break below the support level, and the market even traded below that level for a while.
3. However, what stands out is the emergence of a bullish engulfing candle, indicating an imbalance in the market.
4. This particular candle leads me to suspect that the preceding bearish movement might have been the result of market manipulation rather than genuine selling pressure.
5. Consequently, I anticipate an upward move in the GBPJPY market, with a target level of 182.3.
The Bank of Japan is considering adjusting YCC to allow 10-year According to the Nikkei Shimbun, which correctly warned just before the Bank of Japan's last YCC adjustment, after several YCC adjustments, the Bank of Japan realized that it was once again in a trap, and the Japanese government "may take 10 years" It seems that further adjustment is required. It's now possible. ``Bond yields are expected to exceed 1%'' at Tuesday's policy meeting.
Long-term interest rates are currently capped at 1%, and the central bank conducts unlimited fixed-rate purchases to keep yields below that level, weakening the yen and further increasing inflation.
GBPJPY Long Term SELLING 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
GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBP/JPY : Are we going to see a bullish reversal?Dear traders, in my previous GBP/JPY trade idea, I recommended you
to sell GJ@183.70. Shortly after, GJ continued to fall and went as low as
181.10. So, if you followed my idea, you could have made 260 Pips!
(Link to the previous idea has been pasted here below )
Now, as per the current scenario, GBP/JPY is very close to the 100-day exponential
moving average level. If price does touch the mav, then I will be looking for buy entries
as indicated in the chart. Entry : 180.70, SL below 179 and TP: 185
GBPJPY BUYHello, according to the analysis of the GBPJPY pair, there is a good opportunity to buy. With the break of the downward channel as shown in the analysis, we also notice that the price returned to the downward channel to be retested successfully. All these factors confirm that the market is for purchase. good luck for everbody
GBPJPY All data suggests a flag pattern is formingThe USD/JPY currency pair hit its highest weekly closing price in more than 20 years. However, he was unable to close his trade above the big round . This number is clearly a major stumbling block and is being defended, as seen by the decline in volatility as price approaches this number. This may be an important point. A breakout to the upside is more likely than a reversal to the downside, and it can be explosive because it takes time to occur.
GBPJPY Long Term SELLING 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
GBPJPY Overall inflation has declined, but some factors appear to be persisting.
The latest figures from the Office for National Statistics show that inflation across the UK is falling. The consumer price index in September was 6.7% and has been stable since August. The largest monthly change was due to lower food and beverage prices, with gasoline and diesel contributing the most to upward pressure on inflation.
Markets currently believe that the Bank of England is likely to keep interest rates unchanged at 5.2% at its next meeting in November. However, Pill stressed that ``(the Bank of England's) duty is not to reduce inflation,'' adding, ``It is important that we achieve the 2% target in the long term and sustainably.'' "We still have a lot of work to do," he added. We should do it to get back to 2 percent. ”
UK inflation remains the highest among G7 countries. In the longer term, there are signs of a "more persistent component of inflation," with "parts of inflation lasting for 18 months to two years."
GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY to break to the upside?GBPJPY - 24h expiry
Buying pressure from 181.01 resulted in prices rejecting the dip.
The current move higher is expected to continue.
Previous resistance located at 182.80.
Short term bias is mildly bullish.
Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 182.80, which will confirm the bullish sentiment.
We look to Buy a break of 182.80 (stop at 182.16)
Our profit targets will be 184.54 and 184.94
Resistance: 184.30 / 186.75 / 188.50
Support: 181.55 / 180.30 / 178.55
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
GBPJPY Descending Channel Breakout We expect further upside on this pair which is signalled by the breakout of the descending channel pattern. We can also see the formation of a new high and a breakout of a key level which further supports our directional basis. Entry on the retest of the key level.
GBPJPY: Price action and potential setupsGBPJPY remains choppy from a price action perspective with higher highs followed up by lower lows. Much like USDJPY both bulls and bears seem to lack conviction at this stage with the descending trendline growing more vulnerable with each retest.
As its stands and barring any intervention a break above the trendline is growing more and likely as the 100-day MA provides support to the downside. resting around the 181.774 mark.
Key Levels to Keep an Eye On:
Support levels:
181.77
180.00
178.33
Resistance levels:
183.00
184.06
186.72
Dips continue to be buying opportunities, and I don’t think tha As long as the Bank of Japan tries to keep its interest rates as low as they are, the Japanese yen will be one of the least favorite currencies by traders to own.
With the massive interest rate differential, you get paid to hang on to this pair, and I think that will end up being one of the major drivers of where we go next. In other words, it just makes more sense to own the British pound and it does the Japanese yen. Dips continue to be buying opportunities, and I don’t think that changes anytime soon.
GBPJPY: Hello traders! The return of Sphyn♦️ Wage pressure in the UK eases, the pound weakens compared to the euro and dollar
🔹 Oil prices stabilized thanks to hopes that the US will ease sanctions on Venezuela
① Oil prices stabilized on Tuesday after falling more than $1 on Monday. US crude oil is currently trading around 86.95 USD/barrel, down about 0.1%. Markets expect the US will ease sanctions on oil-producing Venezuela and Washington is stepping up efforts to prevent the Palestinian-Israeli conflict from escalating.
② Multiple sources said Monday that the Venezuelan government and opposition plan to resume long-stalled negotiations on Tuesday; President Maduro said this would benefit the 2024 election, a move that could prompt Washington to ease sanctions.
③ Oil prices rose sharply last week on concerns that the conflict in the Middle East could widen, with Brent crude prices rising 7.5%, the largest weekly increase since February.
④ US President Biden will visit Israel on Wednesday. Israel is preparing to escalate its offensive against Hamas militants, sparking a humanitarian crisis in Gaza and raising fears of a wider conflict with Iran.
⑤ ANZ Research said in a report on Tuesday, "Risks remain, with Iran's Foreign Minister warning that the war could expand to other fronts and is approaching the inevitable stage ."
⑥ The Biden administration is looking to increase oil flow to the global market to ease high oil prices. But due to a lack of recent investment, it will take some time for Venezuela to actually increase oil production.
GBPJPY Bullish Week 10/16/23Expectations for GBPJPY: Bullish
Stop Loss: 181.518 (indicated by red dash line)
Take Profit: 183.226 (Bonus- 184.276)
Support and resistance areas this week indicated by orange lines.
Prepare > Prediction
gbpjpy buy. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
USD increased thanks to the new CPI indexUSD well and truly broke the sequence of six consecutive days of losses. The dollar rebounded sharply after the inflation data, having traded around flat before the numbers. A fourth consecutive week of initial weekly jobless claims around 200k also suggested tightness in the labour market continues. Yields rose though more Fed commentary stuck to the recent script. That being that rising long-term rates are doing “some of the work” for the Fed amid tighter financial conditions. The DXY is firmly back in the long-term ascending channel. EUR had poked out of its descending channel over the last two days
Beneficial news makes GBPJPY come back stronglySD/JPY remains in a difficult position as the fundamental backdrop remains tilted in one direction, but the threat of intervention acts as an obstacle to trend continuation. At this stage, the deviation in many JPY pairs is still large because the Bank of Japan keeps interest rates at the floor level despite rising inflation. Most other major economies have responded to inflationary pressures with interest rate hikes, and in the US, more rate hikes are still likely as data remains strong. This has helped maintain trading activity as many JPY pairs continue to show positive buying and selling rates
