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Gbpjpyshort

Ready, Set, Trade: Are We On the Road to 168??Hey there, quick update on this setup. Like I mentioned in the initial analysis post earlier, I was waiting for a signal from the TRFX indicator, looking at anything from 4hr to 12hr. Well, it just gave the go-ahead on the 8hr mark after we saw a quick rise earlier - looks like we had a stop hunt. I've put my stop loss a bit above 178 and I'm keeping my eyes on the prize at the 168 area. As this pair starts moving our way, I'll be closing parts of it and dragging the stop loss behind. First thing's first, I'm looking to close about half of the position once we hit the 172.5 area and move the stop loss to the entry price. Hope this one helps you rack up some good pips
Short
by TheFxAce
10
#GBPJPY- Multiple opportunities Buy and Sell!-Due to JPY weakness, all the JPY pairs have been overvalued and none of them had any strong pullback. What we are expecting and seeing here is that this strong bullish impulse will continue for another two or three weeks or up until NFP news comes out. Investors are clearly dumping JPY due to DXY is more suitable option at current market condition. If STRONG NFP DATA comes out then we may see another strong bullish impulse leading GBPJPY to 179.00-181.00 region. -There are two opportunities here, first is to buy when we have minor pullback, this 'buy opportunity' in itself will be 400-500 pips move. Secondly if we misses out on buying then we will have 1000-2000 swing selling opportunity. -Please Like and Follow for more.
by Setupsfx_
50
GBPJPY: JAPANESE DEFINITION!Technical analysis: The current trend for GBPJPY is still on the rise as indicated by the price line. The RSI shows an imbalance but doesn't indicate an oversold situation. The 2 EMAs are also providing support to the uptrend. In summary, it can be expected that GBPJPY will continue to increase in the upcoming days. Market overview: Monetary authorities in Japan have suggested that the yen may experience renewed pressure after a three-month period of easing. Despite the Bank of Japan maintaining its existing policies, the yen is at risk of being negatively affected by an intensified interest rate differential game. This game is expected to be more aggressive than last year, as yield spreads between Japan and the US have widened for both short and long-term yields. Japan can use the current higher interest rate environment to competitively devalue its currency to support national exporters. This is an opportunity that was missed during the previous decade, when interest rates were at zero.
Long
by Sphyn-Trader
2
When will GBP/JPY Fall? Best level to sell + 680 PipsDear traders, many GBPJPY Traders are waiting for GBP/JPY to decline. However, GBP/JPY is on a relentless bullish pursuit. That being said, if you look at the daily candles in GBP/JPY, the last 10-12 daily candles indicates exhaustion which means when price finally reverses, the fall would be pretty quick. So, in case you are holding sells or have sold at 175.25, you can expect GBP/JPY to reach 168 when price reverses.
by YourLazyTrader
6
Big Move Alert: A 700-1800 Pip Drop Coming - Are You Ready?As you've seen, this currency pair has been steadily rising, and now we've hit the pinnacle of a weekly supply/sell zone dating back to early 2016. It's interesting because this point intersects the 2016 swing high, a level potentially crowded with stops, likely being eyed by significant market players. Price action on the lower timeframes is grinding higher gradually all signs are indicating an enticing sell opportunity with a potential return ranging from 700 to 1800 pips. The initial target would be the recently established demand/buy zone at 168, which I've highlighted with a green line. This zone could very well trigger a bounce-back up towards the current price level. And if this rebound happens at 168, this could pave the way for you to find an attractive rebuy point, propelling this pair upwards towards the monthly supply/sell zone at 185. A clear breakthrough of the current area could essentially clear the path for the currency to climb all the way to 185. As for the current sell idea I am beginning to look for signals in timeframes ranging from 4 to 12 hours using my TRFX indicator and aiming for the 168 zone. As soon as I detect the trigger, I'll provide an update. This setup has an immense potential. If you concur, please express your agreement by liking and sharing this post.
Short
by TheFxAce
9
GBPJPYInvestors are shrugging off the underwhelming release of the US ISM Services PMI from Monday. This has led to a boost in the US Dollar, which is now supporting the USD/JPY pair. The rise in the US Treasury bond yields has contributed to the intraday uptick in the USD. However, this rise is likely to be limited due to the Federal Reserve's policy tightening cycle. The market is pricing in a higher chance that interest rates will remain unchanged at the end of the two-day policy meeting on June 14. This may prevent the USD bulls from taking aggressive bets. Additionally, the Japanese authorities may intervene in the markets, which would limit any meaningful appreciation for the USD/JPY pair. The cautious mood around the equity markets could benefit the JPY's relative safe-haven status. The Bank of Japan's (BoJ) more dovish stance may continue to undermine the JPY, which would limit the downside for the USD/JPY pair. There is no relevant macro data from the US, so it is wise to be cautious for aggressive traders.
Short
by Sphyn-Trader