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GBPJPY SHORT TERM INTRADAY IDEAIntraday Analysis - GBPJPY - ( 2nd March 2023 ) No fundamental shift , YEN still weak with its monetary policy and dovish tone. Unless the new elected one implements a change and have a more hawkish tone, i do expect YEN to continue being weak all year. GBP as stated is also weak economically however in this case, YEN weakness holds more weight. Will be looking at continuation buys on GBPJPY as price just tapped into our key level of interest whereby HRHR buys were called out a few days ago. If you missed it , scalp longs up level by level. HRHR BUYS AT 164.00 MRMR BUYS AT 164.500 SAFEST BUYS AT 164.800 ( WATCH OUT FOR POTENTIAL RETRACEMENT ) WILL ONLY BE LOOKING FOR SHORT BELOW 162.800
by CJ_GOLDPIPS
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 167.52. Also, according to the GBPJPY STRUCTURE, before BUY, you can move down to the SUPPORT LEVEL of 158.83 to the SUPPORT 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