Gbpjpyshort
GBPJPY, Short, H1 timeframe, Daytrade, Scalping.Are you ready to make some money? Let’s talk about GBPJPY! 🤑
Our screener has identified that JPY is a relative strong currency in this session, and we’ve found that GBPJPY has broken out of the support zone and is headed towards the downside. But don’t worry, this is just a little and short retracement in the daily uptrend.
So, what’s the plan? We could consider the nearest two target levels (184.857 and 184.626), with a stop loss at 185.35 and a sell entry zone between 185.1 to 182.28.
With this strategy, you’ll be well on your way to making some serious cash. Good luck! 💰
Thank you for considering my analysis and perspective and if this post was useful to you, don't forget to subscribe and like.
GBPJPYBecause the interest rate difference between the US and Japan is still large, the sell-off of the yen in the market continues to accelerate despite the BOJ's decision to maintain loosening yield curve control.
Japanese yen pound is on a downward The Japanese yen pound is on a downward trend. The above decision shows that rising global bond yields and sustained high inflation are making it more difficult for the Bank of Japan to maintain its yield curve control policy.
As the outlook for the economy and prices remains extremely uncertain, the Bank of Japan will continue to promote accommodative monetary policy. The agency previously updated its inflation forecast for fiscal 2023 and 2024 to 2.8%, the third consecutive period above the central bank's 2% target.
Japan adjusts monetary policy, yen depreciates sharply – Photo 1. Bank of Japan Governor Kazuo Ueda: ``Although the situation remains extremely unstable, we have judged that it is appropriate to implement a more flexible yield curve control policy regarding interest rates.Long-term interest rates will adapt to future changes. can be set up in financial markets.
Following the decision, the yen plunged against the US dollar as traders focused on the Bank of Japan's commitment to maintain economic stimulus and forecast that inflation would fall below 2% in 2025.
GBPJPY - SHORTAscending Channel inside Ascending Channel: Price formed a high test candle at the upper part of an ascending channel.
GBP/JPY SHORT ENTRY UPDATEHey Guys!
I just took a short entry on the Gbp/Jpy. In this post I explain the reasoning, as well as the
risk management levels.
I'll keep you guys updated!
Ken
A moderate pullback may be possible in GBP/JPYDear traders,in my previous GBP/JPY ideas, I advised buying at 180.85 level.
If you followed those ideas, you made over 400 pips. At present,
GBP/JPY rallied strongly during the NY session on Friday.
However, the price looks over-stretched from the EMA.
So, there is a possibility of a pullback to 183.60 level. If there is the
formation of a couple of bearish candlesticks in the 185 zone, traders
can consider selling with 183.60 as a target.
GBPJPY Descending Channel Fake BreakoutWe expect further downside on this pair, signalled by the false breakout of the descending channel pattern. We can also see the testing and closing below of price the key level which further supports our directional basis.
GBP/USD Consolidates Below 1.2200GBP/USD has entered a consolidation phase after testing the resistance at 1.2200. The upward momentum of the British Pound seems to pause, preparing for the Bank of England (BoE) policy announcement on 'Super Thursday.' The Relative Strength Index (RSI) on the 4-hour chart remains near 50, indicating indecision in GBP/USD.
The 100-period Simple Moving Average (SMA) forms immediate resistance at 1.2175, followed by 1.2200 (23.6% Fibonacci retracement level of the latest downtrend, SMA 200). A close above this level in the 4-hour timeframe could attract technical buyers and pave the way for an extended recovery towards 1.2260 (psychological level).
On the flip side, the initial support lies at 1.2100 (psychological, static level) followed by 1.2050 (recent downtrend low) and 1.2000 (psychological, static level).
GBP/JPY Struggles at resistance, time to fall?Dear traders, if you remember, we bought GBP/JPY@180.80 level and hit our
profit target at 181.70 level, almost 300 Pips. However, as I had already
mentioned earlier, GBP/JPY is struggling at the resistance level.
We have multiple bearish candlesticks at the 4H resistance level. This opens
up the possibility of looking for sell entries.
In my opinion sell entries around 183.70 with target at 182.20 would be valid.
GBPJPY Short From Resistance! GBP-JPY went up to retest
A horizontal resistance of 184.108
From where we are seeing
A bearish reaction so
I think that the pair will
Go further down !
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: The market is worried about Japan's foreign exchange intThe BoJ meeting will start tomorrow morning. This could be the most interesting meeting in recent times if the BoJ announces a change to its YCC policy and this could cause serious volatility in Japanese Yen pairs.
After the BoJ meeting, the outlook for USD/JPY is likely to differ significantly ahead of the FOMC meeting. The Fed is expected to keep interest rates unchanged, but the focus will be on the Fed's direction in the near future and the possibility of raising interest rates in December.
GBP/USD Extends Gains Above 1.2150 Level"In the US trading session, GBP/USD rose to its highest level since last Wednesday, surpassing the 1.2170 mark. The pair was supported by a weaker US dollar on Monday, as market participants awaited US employment data, as well as the Fed and BoE meetings. The Relative Strength Index (RSI) on the 4-hour chart remained below 50, and GBP/USD closed the last 4-hour candle below the 20-period Simple Moving Average (SMA), indicating the downtrend is still intact.
On the flip side, 1.2075 (a static level) is considered a temporary support before 1.2050 (the recent low) and 1.2000 (a psychological level).
The 50-period SMA formed dynamic resistance at 1.2140, ahead of 1.2180 (the 100-period SMA) and 1.2200 (the 23.6% Fibonacci retracement level, and the 200-period SMA).
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
GBP/JPY SHORT ENTRY UPDATE (URGENT)I just aborted the aggressive short entry I took about an hour ago. Again, I do not have any open trades on the gbp/jpy weekly bias set up.
In this post I explain why.
Ken
EUR/GBP Extends Gains Near 0.8720 Ahead of German Data"EUR/GBP has continued its upward trend for the second consecutive day, trading near the 0.8720 level in early European trading on Monday. The currency pair received support ahead of significant economic data releases from Germany.
However, preliminary Gross Domestic Product (GDP) data for Germany is expected to show a 0.3% decline for the quarter, with a 0.7% year-on-year decrease, compared to a 0.2% decline in the previous report. Additionally, initial forecasts for the Consumer Price Index (MoM) indicate a decrease of 0.2%, down from the previous 0.3%. Furthermore, the Euro weakened following the European Central Bank's (ECB) decision to maintain the deposit interest rate at 4.0%, reflecting concerns about the deteriorating economic outlook in the Eurozone.
ECB President Christine Lagarde is navigating a delicate balance, steering the central bank through a challenging economic landscape. Maneuvering between a weakening economy and strong inflationary pressures is no easy task. With the increasing complexity of monitoring the Middle East crisis, relying solely on data seems unwise.
On the other hand, the British Pound (GBP) may face challenges as traders adopt a cautious stance ahead of the Bank of England's (BoE) policy meeting scheduled for Thursday. Many predictions suggest that the central bank will maintain its current interest rate at a 15-year high of 5.25% due to growing concerns about economic recession.
The UK economy is feeling the strain due to high-interest rates, adding to the challenges posed by persistent inflation. Economic data indicates significant declines in various sectors, coupled with high inflation, putting additional pressure on household budgets.
GBP/JPY SHORT ENTRY UPDATEHey Guys!
I just took an aggressive short entry on the Gbp/Jpy weekly short bias at 181.04 with a stop loss at 182.57 and the main target at 176.30.
In this post, I explain the set up in more detail.
That's it! I'll keep you updated!
Ken
GBPJPY - W1\D1GBPJPY
W1 - We can say that a strong “Head and Shoulders” pattern has already been formed. You can also pay attention to the formation of a 3-wave structure for a trend reversal. In this scenario, it would be possible to see the price at 164.120. Otherwise, if the price remains at these values, a triangular formation can be considered.
D1 - The price is moving in a small zone, in order to consider selling, it is better to wait for fixation at the level of 180.720 and try to consider short positions from these values.
What to expect now?
Wait until it fixes at the level of 180.720 and try to consider short positions from these values with targets up to 169.380.
Cancellation of idea 183,870 - 187,230.
Short
Targets 164,120 - 172,745 - 169,380 - 164,120
#GBPJPYIt is moving in a descending channel. It recently made a double top at the top of the channel, and this movement can continue until the origin of its upward movement.
GBPJPY Ueda faces risk of market collapse as Bank of Japan weighMr. Kazuo Ueda of the Bank of Japan is in a predicament. If he sticks to policy this week, there is a risk that the yen will fall to a 10-year low and the yield control program will come under attack from speculative markets.
If the Governor simultaneously raises the upper limit of 10-year yield curve control, either explicitly or implicitly, the Governor could raise long-term interest rates to levels that are inconsistent with economic fundamentals, which is the Governor's goal. The achievement of stable inflation would be at risk.
In a sign of how tense the monetary policy debate will be, BOJ officials are likely to monitor developments in yields right before deciding whether to adjust the YCC, the people said.
GBPJPY | Will BoJ allow Diamond to shine? From technical point of view, we have clear Diamond pattern on a daily timeframe . As you can see on my chart, latest rally broke through the upper dynamic resistance, but got quickly pushed down while creating equal highs.
Market closed at a key lvl static support area and dynamic one , from Diamond formation. Based on just technical side, I'm expecting small correction to retest 182.080 , it is Camarilla long breakout pivot point. After possible rejection, price should move South and break below diamond pattern with possible move to Short breakout Camarilla point at 180.470.
But what about fundamental side? Well, Bank of Japan might overshadow other Banks in the upcoming week , if Ueda and other members decide to give us something unexpected. Due to experts, there is possibility for another YCC tweak, but I don't think it will be enough to support YEN to higher extend. Ex-BoJ member thinks that negative rates may stop by year-end, and that's exactly what we are looking for. Some word or single thought that could signalize potential end of negative rates. Carefully watch that meeting since it will be crucial.
And here we have Bank of England. BoE is expected to keep the Bank Rate unchanged at 5.25% . Everything will depend on narration of BoE's members. Pause + Neutral stance won't cause any sharp moves in my opinion.
Have a great day y'all! All the best
