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Gbpjpyprediction

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
GBPJPY PLAN!Hello traders around the world! My name is Alexandre Karim, and this is the second plan for GBPJPY. (You can check out the first one as well and how it moved). Forex traders are always looking for the most profitable and reliable trading opportunities. One such opportunity is the GBPJPY pair, which represents the exchange rate between the British pound and the Japanese yen. In this analysis, we will discuss the potential of shorting the GBPJPY pair when the price reaches the red rejection line or the upper trend line, which is in the 162.310 and 163.160 area. We are currently waiting for the price to reach this area + we will be looking for a clear reversal pattern to short this pair. I will be waiting for a 1H breakout structure or a 15 mins inner structure consolidation inside the 1H pattern. It is very important to stay relaxed and be patient. #THEPRIMES
Short
by alex_k_95