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Gbpjpyshort

GBPJPY Bears in Sight as Japan Mulls Currency Intervention Bearish GBPJPY as Japan's key economic ministers warn of currency intervention Japan's key economic ministers have warned of currency market intervention, keeping investors wary of a further sell-off in the yen and weighing on the GBPJPY exchange rate. The yen has weakened sharply against the dollar in recent months, hitting its weakest level in nearly a year on Monday. This has been driven by a number of factors, including the Bank of Japan's commitment to ultra-low interest rates, while the US Federal Reserve has been raising rates aggressively. The recent warning from Japanese ministers has raised the prospect of further intervention to weaken the yen. This would be bad news for the GBPJPY exchange rate, as it would make Japanese exports more competitive and make British imports more expensive. As of October 10, 2023, GBPJPY is trading at 182. If Japanese authorities do intervene to weaken the yen, this could push GBPJPY down towards 175 or even lower. Traders should be cautious of long positions in GBPJPY in the near term, as the risk of intervention is high.
Short
by masterclass618
GBP/JPY may fall if the confluence of resistance holdsHello traders, GBP/JPY is currently at a very crucial level on the 4Hour chart. Let's look at the chart and analyze it 📌In the 4Hour chart, price is currently just under the dynamic resistance. So far, we have not seen any bearish candles. However, the next candles could be bearish. 📌Price is also at the broken support turned resistance level as I have indicated in my chart. 📌So, in case of bearish price action in the highlighted zone, selling GBP/JPY@182.60-182.85 with SL above 183 and TP at 180.83 would be a potential sell trade.
by MarcellusLUX
GBP/JPY on it's way to 179 level. More decline aheadHello traders, ever since GBP/JPY was at 185, I had recommended selling with a target of 179( previous GBP/JPY ideas attached below). 📌Currently, the price action is quite bearish even in the hourly chart. 📌GBP/JPY is unable to go above the 100-hour moving average which is a bearish signal. In fact, every time the price pulls back to the 100H EMA, we see further drops. 📌 Based on the above factors, GBP/JPY is all set to fall to the 179 level in the coming days. My recommendation is to sell the rallies in GBP/JPY.
by MarcellusLUX
3
GBP JPY SELLHello, according to my analysis of the gbpjpy pair, there is a high possibility of a downside. The price broke the double button pattern. With a very large red negative candle. It indicates the strength of the sellers. We also notice the rapid return to the bullish channel as shown in the analysis, but it could not get out of it. In the coming days, we expect a further drop to 182,000 levels in the first phase. And the level of 180.00 in the second stage, good luck to all
Short
by inv_market09
2
GBPJPY week 25.09 - 29.09.2023Short term: GJ seems to be following the downtrend But below, GJ has a Quasimodo liquidity zone forming. It looks like this area is quite solid. To create a clear uptrend, we need GJ to at least be able to break above the Sellzone. Plan : Canh buy: 179.55 and 178.8. Canh sell: 182,995/ 183,675 If Sell picks up first, the Buy bet is still valid. If Buy picks up and the train runs, consider reducing the order volume. Maybe the liquidity will be enough for a pull up
Long
by Finn_Rm3x
2
BluetonaFX - GBPJPY Failed Bull Flag SHORT IdeaHi Traders! There is a potential failed bull flag opportunity on the GBJPY 1D chart. The flag looks like it has failed to continue the bullish momentum, and the price action now looks bearish. The market has broken below our 20 EMA, and the swings are getting lower with lower highs and lower lows. The pattern is turning into a bearish ascending channel. As long as we remain under the 20 EMA, we have a bearish outlook and will look for short entries with the aim of exiting at the support area between 181.597 and 181.220. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
6
GBP/JPY Trading plan( FOMC + BOJ Policy Rate on Friday)With FOMC coming up later tonight and BOJ monetary policy statement on the early hours of Friday, it is going to be a blockbuster week for GBP/JPY and other Yen pairs as well. To be honest, I would recommend traders to take this week off. However, for those still interested in trading, I am sharing my trading plan. 📌Right now, GBP/JPY looks like it may rise further if it is able to break the 183.50 level. 📌If price drops during or after the major news events towards 179.50, I would try a buy trade with small lot with entry@179.50, SL: 178.80 and TP at 183. 📌If price spikes to 186 or higher during the major news events, I would prefer selling.
by MarcellusLUX
2
Short-term pullback possible in GBP/JPY, buy or sell?Hello traders! GBP/JPY seems to have found some support near the 182.65 level. 📌Price has not gone below 182.65 despite multiple attempts by the bears to break it. So, 182.65 can be considered a minor support. 📌If the minor support level holds, we can expect GBP/JPY to pullback towards the 4H EMA level near 184 or even 184.70. 📌However, I do not recommend traders to buy GBP/JPY as the daily and weekly trend indicates that price can fall further towards 179. My recommendation is to wait for a pullback and then sell if GBP/JPY reaches the 184.70-185.20 level.
by MarcellusLUX
3