GBPJPY: Japanese Yen increased, USD JPY exchange rate hit a 3-weThe Japanese yen steadied on Friday, with USDJPY hitting a three-week low after a sharp drop this week that traders largely attributed to government intervention.
Gbpjpylong
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GBPJPY Bullish Heist plan to make money in Long sideDear Robbers,
This is our Day Trade master plan to Heist Bullish side of GBPJPY Bank. My dear Robbers U can enter at the any point above my entered area, Our target is Red Zone that is High risk Dangerous trap area. Be safe and Be rich. Loot and escape near the target 🎯
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GBP/JPY: Race back to 200.000? On Monday, the yen dropped to 160.000 per dollar, marking its lowest level since 1990, before rebounding more than 3% to 154.5 per dollar. This rebound was suspected to be the result of intervention by Japanese authorities.
According to reports from Bloomberg, the Bank of Japan (BoJ) likely injected ¥5.5 trillion into the currency markets after discrepancies were noted in the BoJ's operations report on Tuesday, where market forecasts didn't align with reported current account figures.
Both the GBP/JPY and USD/JPY pairs are gradually recovering on the charts. The USD/JPY is testing levels above 157.500, while the GBP/JPY is eyeing 197.00.
Both pairs could keep on advancing if the forthcoming US data continues to surprise. Notably, the Fed taking a hawkish tone after its FOMC decision on Wednesday and jobs data due on Friday.
The GBP/JPY's recent peak at 200.60 remains a key target for traders despite potential intervention by the BoJ.
Looking forward, market sentiment could appear bullish, with attention focused on key levels such as the 193.600 resistance-turned-support and the 10-day SMA.
#GBPJPY: 700+ PIPS OPPORTUNITY, WHAT YOU THINK? Dear Traders,
Hope you are having great holidays, today we have found two perfect areas where you can buy and target easy 500 pips or maximum of 700 pips. The first entry, enter with perfect risk management as it is risky entry, while the second entry is safe entry.
Good Luck
GBPJPY Technical Analysis and Trade Idea The GBPJPY is in a strong bullish trend as we can see on the daily and four hour time frames. Currently we are seeing an aggressive pullback down into our optimal entry zone. In the video we cover the trend, price action, market structure and I share a couple of trade ideas for consideration
It's important to note that the information shared is intended purely for educational purposes and does not constitute financial advice. Trading entails inherent risks, underscoring the criticality of implementing robust risk management protocols consistently.
GBPJPY WILL FLY TO 195$HELLO TRADERS
As I can see this pair is still very bullish holding a strong support and can hit these design levels.
if we have look on monthly and weekly charts its crystal clear why we are asking for more bullish trend continuation friends it's just a trade idea share Ur thoughts with us we appreciate Ur love and comments Stay Tuned! for more updates
GBPJPY - Long idea ✅Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. My point of interest is if price continue the retracement to fill the imbalance and then rejects from bullish order block + institutional big figure 193.000.
Fundamental news: Tomorrow (GMT +3) we will see result of Interest Rate in Japan, news with high impact on currency, so pay attention in order to validate the analysis.
Like, comment and subscribe to be in touch with my content!
GBJPY - Buys - 1:2 RRHave entered into a buy position on the 5 min chart.
5 min was struggling to break level.
Confirmations
1. Daily closed above resistance
2. Came down and grabbed liquidity at 192 area
3. Previous 4hr closed above resistance
3. 5 minute struggling to push down
GBPJPY - Buys 1:2.31 RR Trade - Average rejection areaTrade based on the fact that we must grab some liquidity to drive the opposite way.
I believe if we can come down to 191.256 before flipping at 192.339 This will be a juicy trade.
Trade is invalid if 192.339 is tapped before tapping 191.256
SL to BE will be managed manually depending on price action.
GBPJPY Higher after JPY fundamentals ChangeWe may observe that GBPJPY has hit it's head several times at 192.803 and has failed to break above this level. All week we've been ranging after moving slightly up early in the week. Price wants to go up and since the Bank of Japan recently increased interest rates for the first time in many years, we may very well anticipate a continued trend on GBPJPY to the upside. This is a rare occasion when buying around the highs has less risk due to the fundamentals. When a market touches a zone and returns this many times, the zone will eventually breakdown. 193.313 Daily zone and monthly zone 193.639 are our bullish targets for GBPJPY. At our monthly zone we may anticipate alot of profit taking and a steep pullback to clear liquidity. Price appears to be forming support at the Daily Level now(192.355) on this thursday NY session, April 18th 24'
GBP/JPY makes remarkable recovery, key S/R levelsHello traders, after declining to 190 level, GBP/JPY has staged a remarkable comeback. The support level on the 4Hour chart has held and GBP/JPY is currently up 170 pips from the lows.
So, congrats to all those who managed to buy the dip in GBP/JPY. Currently, the next Resistance level lies at 192.96 level followed by 193.55
Based on the price action, it seems like GBP/JPY will continue to go up. So my strategt would be to buy the dips in GBP/JPY
GBP/JPY road to 195(4/16/2024)With JPY weakness, GBP/JPY OANDA:GBPJPY is likely heading to the 195.00 zone.
the price made an ABC correction move in the last few days.
We believe the price will continue to move upward after a little correction.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
GBPJPY Double Top Pattern Formation ShortWe expect further downside on this pair, signalled by the formation of a double top. We can also see the breakout of a short-term trendline which further supports our directional basis.
GBPJPY: The Japanese yen hits its lowest level in 3 decades amidThe Japanese yen has hit its weakest level against the US dollar since 1990, trading at 153.24 per dollar on April 10. This signals significant downward pressure that has prompted Japanese financial authorities to officially warn of possible intervention. Even though Japan's central bank switched interest rates from negative in March, the currency continues to struggle, with the value of the yen's real effective exchange rate index falling to its lowest level since then. since the records of the Bank for International Settlements began in 1994.
The yen's depreciation has been going on for more than three years, losing about a third of its value since the start of 2021. Factors contributing to the yen's decline include Japan's low interest rates, which remain below 0.1%, in stark contrast to US short-term interest rates at 5.25-5.5%. The significant yield gap between US and Japanese government bonds, with a difference of nearly 370 basis points at the 10-year maturity, has continued to fuel the yen's slide.
Investors have been engaging in "carry trading," borrowing yen at low cost and investing in higher-yielding currencies. This fact is especially appealing during periods of low market volatility, like the present. The benchmark interest rate differential between Japan and other economies is a key driver in these market dynamics.
Despite Japan's central bank's historic policy shift in March, the move was expected. With no prospect of sharp interest rate hikes in the future, investors have felt comfortable maintaining or increasing short positions in the yen. Yen short sales hit a decade high in April.
GBPJPY buys - 1:2.93 trade Took a buy on the break of previous 30 minute high.
Based off daily charts
Confirmations
1. Daily closed above range
2. Came down first to grab liquidity
The daily flip should give you a nice drive.
SL below previous hourly lows
GBPJPY Technical Analysis and Trade IdeaIn our video, we explore the technical analysis and a trading concept for the GBPJPY. Our assessment indicates a potential trade opportunity. We'll analyze the current price action, closely examine market structure, and factor in market dynamics, and identify a potential entry point guided by favorable conditions. Nonetheless, it's essential to emphasize the importance of sound risk management strategies. Please bear in mind that this video serves purely educational purposes and should not be interpreted as financial counsel.
GBPJPY Bullish side Theft Plan to make 💰 money Dear Robbers,
This is our Day Trade master plan to Heist Bullish side of GBPJPY Bank. My dear Robbers U can enter at the any point above my entered area, Our target is Red Zone that is High risk Dangerous area.My dear Robbers please book some partial money it will manage our risk. Be safe and be careful.
Loot and escape near the target 🎯
GBP/JPY 4H chart analysis, bullish move next week?Hello traders, let us take a look at the 4H chart of GBP/JPY.
As you can see, price has respected the dynamic support level( 100 period Moving Average).
In addition, the support zone indicated in the chart is also unbroken.
I feel there is enough bullish momentum for price to reach 193 and beyond. The first
minor resistance would be at 192.25 which if broken will take the price towards
193.50
We are already holding buys from 190.90 level. Recommend traders to load buys
if price dips to the 191 level again
GBP/JPY - Potential Upside Opportunity from Key Support LevelKey Support Level Analysis:
GBP/JPY currently finds itself positioned at a crucial support level, indicating a potential opportunity for upward movement in the market. This support level, identified at 190.400, has historically demonstrated a significant influence on price action.
Entry Strategy:
Traders looking to capitalize on the anticipated upward movement may consider entering the market upon a re-test of the support level at 190.400. This re-test serves as a confirmation of the support's strength and validates the bullish bias.
Risk Management:
To mitigate potential losses, a prudent risk management approach suggests placing a stop loss order at 189.380. This level serves as a safeguard against adverse price movements and aligns with the technical analysis framework.
Take Profit Targets:
Three distinct take profit targets offer strategic exit points for traders seeking to maximize profit potential:
1. Take Profit 1 (TP-1): Positioned at 191.475, TP-1 represents an initial profit-taking opportunity as the upward momentum gains traction.
2. Take Profit 2 (TP-2): Set at 192.500, TP-2 reflects a continuation of the bullish trend, capturing additional gains as the price trajectory unfolds.
3. Take Profit 3 (TP-3): Targeting 193.500, TP-3 serves as a more ambitious profit target, accounting for potential extended upward movement in the GBP/JPY pair.
Disclaimer:
Trading forex carries a high level of risk, and individuals should carefully consider their risk tolerance and financial situation before engaging in any trading activities. It is advisable to seek advice from a qualified financial advisor before making any investment decisions.
GBPJPY - BUYS1:2RR Fake out Play
Looking for buys due to the following confirmations
1. Daily opened up with no top wick
2. Daily closed above resistance
Entry point is based off daily support level
Daily must tap entry before flipping bullish otherwise it is invalid.
GBPJPY Analysis (8th April 2024)
Market Analysis PT1/2 (8th April 2024)
GBPJPY Analysis
1 hour timeframe, Price action has created a very bullish push to the upside after retesting the Bullish orderblock, creating another BOS to the upside. In the process, price action has created a bullish FVG on the 1 hour as well.
There are 2 main scenarios i am looking out for later on in the London Session.
1. Price rejects off the fvg and creates a 5 minute Change of Character to continue bullish. Only then will i be interested to look for longs.
2. Price action fails to hold the bullish FVG and retraces deeper into a 1 hour OB. This is where i will be alittle more cautious of buys but its still possible if it gives us a 15 minute bullish Change of Character to show us that the lower timeframe orderflow is shifting bullish.
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.
