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Gbpjpysignal

GBPJPY: The uptrend is still there!The US dollar index is struggling to build on Friday's recovery and remains at 100.00. The UK's FTSE 100 index is lower and US stock futures are mixed, indicating a cautious market stance. The sharp decline in Wall Street's major indices after the opening bell may help the USD find demand in case of a lack of high-level data releases. On Wednesday, the UK National Statistics Office will release Consumer Price Index (CPI) data for June. On an annual basis, the CPI is forecast to decline from 8.7% to 8.2%. Market participants may stay on the sidelines and wait for that data before deciding whether GBP/USD has more upside potential or not.
Long
by Sphyn-Trader
6
Update GBPJPY, GJ seems BullishAnother day of trade has begin, we have been consistent with the pair prediction, predicting every move on the chart about this pair, GJ seems bullish as the pair couldn't mitigate the area value at the 182.7 to signal a bear move but rather follow the bull pattern coming down to mitigate the area of value in the 4HR timeframe from yesterday and as the pair remain in the Uptrend we look for the possible opportunity to buy. GJ is still in an Uptrend after retesting and bounce off the 200EMA in the 4HR Timeframe. We keen to the opportunity to sell the pair when the time is due. Bullish Target; 182.6, 183.7, 184.4, 186.2, 188.2 Bearish Target; 180.1, 179.00, 177.6, 176.3 Dont forget to hit the like, share, comment and follow Bottom #Vimhype
Long
by Vimhype
10
GBPJPY: BOE Gov Bailey SpeaksFundamental technical analysis: Based on the fibonacci retracement analysis, the current price correction is expected to reach the range of 0.618 to 0.5. This correction is aimed at providing liquidity for the upcoming price surge. Moreover, the RSI and EMA indicators suggest that the upward trend is likely to continue. Market observation: Earlier today, Jonathan Haskel, a policymaker at the Bank of England (BoE), made comments that supported the Pound Sterling. In an article published in The Scotsman newspaper, Haskel stated that it is crucial to continue to combat the risks of inflation momentum, and that interest rates may need to rise further. On Tuesday, the UK's Office for National Statistics is expected to release labor market data. Average Earnings Excluding Bonus, which measures annual wage inflation, is predicted to increase to 6.9% in April from 6.7% in March. The markets have fully priced in a 25 basis points (bps) Bank of England rate hike at the next policy meeting on June 22. Therefore, if there is a low wage inflation, it may be difficult for the Pound Sterling to maintain its lead over other currencies, while the positive effect of a stronger-than-expected reading on the currency may be short-lived.
Long
by Sphyn-Trader
1
GBPJPY: New move of investors!Fundamental analysis According to the EMA 34, 89, and 200 indicators, the market is currently on an upward trend and is following the price line. It is highly likely that the price may retest the slightly increasing sideways price zone or test the resistance area. Market overview before news In addition to the unexpected upturn in mortgage activity, investors should also look for a sustained rise in inflation. These reports pressure the Bank of England to tighten monetary policy. And this is good news for the British Pound, where interest rates and bond yields are lower than in the US.
Long
by Sphyn-Trader
3