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Gbpjpylong

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
by MarcellusLUX
3
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.
Long
by Chart_MasterPro
2
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
Long
by ForexPlanet20
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."
Long
by Chart_MasterPro
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.
Long
by OANDA
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
Long
by Sphyn-Trader
1
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.
Long
by Chart_MasterPro
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.
Long
by Sphyn-Trader
2
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
Long
by Chart_MasterPro
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
Long
by Chart_MasterPro