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Gbpjpyshort

GBP/JPY: Brace Yourself for BoJ's AnnouncementWith safe haven currencies pulling in the most buyers this week, including the yen and the US dollar, what will happen to the USD/JPY and the GBP/JPY leading up to, and after, the Interest Rate Decision due from the Bank of Japan on Friday? Markets will likely be watching this decision super closely regardless of their expectation for the BoJ to leave interest rates unchanged. This is because this is the BoJ's first interest rate decision with its new Governor Kazuo Ueda. Commentary that goes alongside the interest rate decision will be scrutinized for any indication when Ueda might start tightening monetary policy. The BoJ will likely try to prepare markets far in advance, so it's not unlikely that Ueda might prepare some very small non-committal comments that speak to this on Friday, while standing firmly behind his preference for maintaining the current yield curve control in the short to medium term, which he has reaffirmed at every outing since taking control of the central bank. The GBP/JPY has plunged from a weekly high of just under 168.000 to just under 166.000 at the time of writing as risk-averse trades take over the market. The pair did bottom out at 165.400 before a slight rebound with support appearing at 165.550. Looking at the 1-hour chart of the GBP/JPY, the pair took advantage of the stability of the support level of 165.550 to activate value hunters to enter the market and help the pair surpass the 165.800 support line from earlier sessions. But it has been rejected at 166.10 once already in this bullish push. Next up, we will see how well 165.800 holds up if the downside push has any momentum. However, the Stochastic Indicator is not pointing too much momentum in the pair right now, at least in the 1-hour timeframe.
by BlackBull_Markets
GBPJPY: Continued uptrend after correction!GBPJPY rebounds from 167.50 as bulky UK Inflation supports hawkish BoE bets According to the latest release of UK inflation figures, the headline Consumer Price Index (CPI) has slightly decreased from 10.4% to 10.1%. This decline can be attributed to the drop in energy prices used for heating and electricity. Despite this, investors are not happy with the inflation rate remaining in double digits. Additionally, food prices have reached a new high of 19.1%, the highest in 45 years.
Long
by Sphyn-Trader
8
GBPJPY SHORT TO 149📉 (2,000+ PIPS OPPORTUNITY!)GJ is getting ready to take a huge dive down towards 150-148, leading into the coming summer. This is offering us a huge swing opportunity of 2,000 PIPS, for those who are patient enough to hold on long term. The 2D TF is attached below. Selling Confluences: 🚫5 Wave Impulse Move Complete. 🚫Corrective Move Yet to Follow. 🚫Buying Momentum Choppy. 🚫Buying LQ Already Taken. Drop a like/follow and let me know what you think✅
Short
by BA_Investments
9
GBPJPY SHORTCurrently, the GBP/JPY index is experiencing a decline. This index represents the ratio of the British pound (GBP) to one of the Japanese currencies (JPY) and is known as one of the most volatile indices in the forex market. The reasons that may cause a decline in this index can be economic, political, and global factors. For example, changes in interest rates, economic sanctions, changes in government policies, and changes in global market conditions can be influential. If the GBP/JPY index is currently declining, it is probably due to investors' efforts to purchase Japanese currency to hedge market volatility risks. Additionally, an increase in interest rates by the Bank of Japan and economic sanctions on some countries can lead to a decrease in the value of the GBP. Finally, to see the exact effects of events on the GBP/JPY index, you should pay attention to forex market technical analysis and related news. However, generally, a decline in the GBP/JPY index indicates concern and instability in the market and can be challenging for investors.
Short
by hyfx
GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS#GBPJPY - According to the GBPJPY analysis we gave the previous day, the GBPJPY SELL SIDE WAVE was moving very well in the previous days. The reason for that was FUNDAMENTALLY STRONG JP10Y STRONG JPY STRONG causing GBP WEAK. And because the MARKET SENTIMENT is STRONG. XXXJPY has been selling very fast since last week. - JPY has become somewhat STRONG as VIX is slightly UP. Due to this, STOCKS and XXXJPY CURRENCY were slightly SELL. GBPJPY also SELL because of that. But now there is a bit of RISK ON BIAS. Therefore, GJ can be BUY in the future. - Currently GBPJPY LONG TERM can move up to the LEVEL 172.50. Also, according to the GBPJPY STRUCTURE, before BUY, you can move up to the 164.05 SUPPORT LEVEL to the RESISTANCE LEVEL. Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. Currently, the MARKET is somewhat RISK ON. Therefore, XXXJPY will be a BUY in the future. Therefore, pay attention to the CURRENT MARKET SENTIMENT.
by benny_marshall
2023/04/19 13:00 GBP/JPY analysisPivot point: 166.59 Currently: Resisted at 167.86 and retraced back to 167.43 Reaction: Consolidating at this 165.75 level, its next support zone is 165.34 I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on TradingView~ Wish to receive some feedbacks from you! 😊 Btw you can feel free to use our designed indicators!!! Just lemme know if you want it! Follow & like our posts to support us😎! Can’t wait to chat with you more~
Short
by idealcase
GBPJPY SELLHey Traders! Undercover Trading LLC I will be sharing a setup I have been waiting on for weeks here in this space which is GJ, so for the past few weeks GJ has been on a clear downtrend and we have seen it clearly on the daily from November 2022 till date. Having cleared our bais issue we now look forward to determining where the price will be retracing/swinging from which is a very big deal and 80% of the time we are correct. So in doing that we picked a POI which is an order block that broke structure to the downside around December 2022 which also has a lot of imbalances left to be filled. With our UCT extra confirmations checked on the order block, we selected that as our POI which we will be selling directly from. But in any case, if you wish to minimize your loss and increase your reward on each trade it is always best to trade with the 50% rule than look for lower timeframe entries but mind you, you'll miss lots of entries. That's it for GJ, cheers guys!!!! In order to avoid so many re-entries that come with refinement in POI I always advise trading off of the POI itself rather than looking for lower timeframe entries which I consider time-consuming and a rollercoaster of entries.
Short
by Undercover_Trading
2
Selling $GBPJPY here - adding another sell order Trade type AAA Reasons for taking this trade: - We had weekly supply zone. - There is internal liquidity waiting to be cleared. - 30 mins candlestick has closed bearish engulfing. - We hit 30mins supply hence we got our reversal accumulation. My previous idea is still in profit Trade type glossary: Trade type AAA - Very good Trade type BBB - Good Trade type CCC -🧐 I usually use trade types to determine the amount of risk to use: In AAA - 1, 1.5 and 2% In BBB - 0.5% IN CCC - 0.25%
Short
by Sherman_Trades
Sell GBPJPY SW 170423 10.00📌📌Signal Sell GBPJPY📌📌 Link : 📍📍Open order 166 Sell lim 1 166.5 Sell lim 2 167 Sell lim 3 167.4 Sell lim 4 167.9 Sell lim 5 168.4 Sell lim 6 168.9 Sell lim 7 169.35 Tp 163.4 Sl 169.9 Warning !!! (Swing trade must be used pending orders) !!!Pending orders should be set up lot size step by step Example (15,000$) Open order 0.15 lot Buy/Sell lim 1 0.20 lot Buy/Sell lim 2 0.25 lot Buy/Sell lim 3 0.30 lot Buy/Sell lim 4 0.35 lot Buy/Sell lim 5 0.40 lot Buy/Sell lim 6 0.45 lot Buy/Sell lim 7 0.5 lot Example (3,000$) Open order 0.04 lot Buy/Sell lim 1 0.05 lot Buy/Sell lim 2 0.06 lot Buy/Sell lim 3 0.07 lot Buy/Sell lim 4 0.08 lot Buy/Sell lim 5 0.09 lot Buy/Sell lim 6 0.10 lot Buy/Sell lim 7 0.12 lot Example (2,000$) Open order 0.03 lot Buy/Sell lim 1 0.04 lot Buy/Sell lim 2 0.05 lot Buy/Sell lim 3 0.06 lot Buy/Sell lim 4 0.07 lot Buy/Sell lim 5 0.08 lot Buy/Sell lim 6 0.09 lot Buy/Sell lim 7 0.11 lot Example (1,500$) Open order 0.02 lot Buy/Sell lim 1 0.03 lot Buy/Sell lim 2 0.04 lot Buy/Sell lim 3 0.05 lot Buy/Sell lim 4 0.06 lot Buy/Sell lim 5 0.07 lot Buy/Sell lim 6 0.08 lot Buy/Sell lim 7 0.10 lot !!When any pending orders are open and the profits are covered by loss it is up to your decision.!!
Short
by Maximus_Provider
GBPJPY trend reversal GBPJPY here we have a markup showing the last shifts from this pair, now we have shifted away from our last buy range formed we have a clue that we could be getting ready for a short move on GJ. just because we have this shift in ranges does not mean we are 100% going to bearish, so we will only be looking to take a confirmation sell from the supply zone highlighted above. following our order flow back and tracking the volumes is showing sell side coming in strongest we have had in this current trend to date. of course we will see how price plays out before hitting our zone if it does get back there! We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Short
by PipSurfingSociety