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Gbpjpysignal

GBPJPY SELLING ON DIPS BOJ INTRESET RATES AHEAD !!!HELLO TRADERS I am looking on this chart and its now created a ATH on Daily and Weekly TF & trading in a channel. as we know tomorrow is BANK OF JAPAN interest rates coming out and I hope so it will be good for JPY even they are same as in forecast maybe it can be surprising expected the BOJ to end its negative rate policy, which has set Japan's short-term deposit rate to minus 0.1% over the past seven years, Governor Kazuo Ueda told a newspaper interview earlier this month the BOJ might get enough data by year-end to judge whether it could end negative rates, prompting traders to buy the yen to hedge against a possible earlier-than-expected rate hike. While it has bounced back in the last couple of trading sessions due to some “bargain hunting” amid oversold conditions, the downside may not be done just yet. it's just a trade idea friends share your thoughts with us it helps us all. STAY TUNED for more updates.
Short
by APEX_TRADING_ACADMEY
GBPJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
1
GBPJPY H1 buy now # Today Confirm Analysis GBP/JPY extends its losses for the second session on Tuesday, edging lower to near 187.40 during the Asian session. The GBP/JPY cross faces a challenge of risk-off sentiment due to the escalated situation in the Middle East, which drives the investors toward the safe-haven Japanese Yen (JPY), which in turn, acts as a headwind for the GBP/JPY pair. The expectation is that the administration of US President Joe Biden will give the go-ahead for military actions in retaliation to the recent drone attack on a US outpost in Jordan. This attack led to the loss of three US troops and left at least 24 individuals injured. GBPJPY BUY NOW 186.712 CONFIRM TARGET 188.121
Short
by FxJoseph_7
GBPJPY Long Term Buying Trading IdeaHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Short
by ForexPlanet20
GBPJPY POSSIBLE FALL ?hi traders , since the summer gbpjpy has been trading inside a channel on the daily tf . we can see the price approaching the sell area where we have a resistance + bearish trendline it is very likely that we see a bearish move from there id wait for extra confirmation. right now the only comfirmation we have is the close of friday candle that closed as a bearish spinning top and the rsi that is indicating a bearish divergence and weakening of price. trade safe homies!
Short
by xAB777
1
GBP/USD Holds Below 1.2650, Signals Potential UptrendGBP/USD maintains its position below the lower boundary of the ascending regression channel, with the Relative Strength Index (RSI) exhibiting a sideways movement above the 50 level, indicating a potential uptrend in the near future. The level at 1.2780 (static level) is considered a temporary resistance before 1.2830 (the endpoint of the latest uptrend, highest point on December 28) and 1.2860 (midpoint of the ascending channel). On the flip side, support levels are situated at 1.2750 (lower limit of the ascending channel), 1.2710-1.2700 (Simple Moving Average 100 periods (SMA), static level), and 1.2670 (SMA 200 periods). The GBP/USD pair's dynamics suggest a cautious optimism, with attention focused on how the currency pair navigates the mentioned resistance and support levels. Traders will be monitoring the RSI for potential confirmation of the anticipated uptrend, while being mindful of key technical levels for potential shifts in market sentiment.
by AdmamTrade
GBP/USD Rises to 1.2800 on Weakness in the US DollarGBP/USD has rebounded and climbed above the 1.2750 level after dipping to 1.2700 earlier in the day. The US Dollar struggled to find demand in the US trading session as the latest data showed a slight slowdown in the year-on-year PPI in December. GBP/USD remains above the lower limit of the ascending regression channel, with the Relative Strength Index (RSI) moving flat above 50, indicating a potential upward trend. The level at 1.2780 (static level) is considered a temporary resistance before 1.2830 (end point of the latest upward trend, highest level on December 28) and 1.2860 (midpoint of the ascending channel). On the flip side, support levels are at 1.2750 (lower limit of the ascending channel), 1.2710-1.2700 (Simple Moving Average 100 periods, static level), and 1.2670 (Simple Moving Average 200 periods).
by AdmamTrade
"GBP/USD Forecasted to Reach 1.3500 in 2024"In a recent note, the global FX head at Goldman Sachs has indicated that GBP/USD is poised to extend its upward momentum to reach 1.3500 in the coming year. Citing correlations with stocks and alleviated concerns about global recession, GBP exhibits a "positive and reliable relationship with higher stock prices." The recent strength of the British pound is attributed, in part, to the broad weakening of the U.S. dollar. However, since early November, the pound has also demonstrated strength based on trade-weighted fundamentals, performing exceptionally well in a moderately volatile interest rate environment and amid rising stock prices. The outlook since November has been promising, and expectations are for further gains in the upcoming year. This is why Goldman Sachs believes that the British pound has considerable room for appreciation as the market embraces the 'soft landing' perspective. Upcoming elections are likely to encourage additional fiscal support while easing trade tensions with the EU. Both factors are expected to contribute to domestic growth, mitigating the risk of a recession and bolstering the British pound. As we anticipate the unfolding of 2024, the projections for GBP/USD remain optimistic, driven by a combination of global economic dynamics, domestic factors, and a supportive political landscape. Investors and traders alike will be closely watching these developments as they navigate the foreign exchange market in the coming year.
by AdmamTrade
"GBP/USD Forecasted to Rise to 1.3500 in 2024"In a recent update, the global FX head at Goldman Sachs has predicted that GBP/USD is poised to extend its upward momentum to reach 1.3500 next year. Citing correlations with stocks and easing concerns about global recession, Goldman Sachs notes that GBP has a "reliable positive relationship with higher stock prices." The recent surge in the British pound is partly attributed to the broad weakness of the US dollar. Since early November, the pound has also strengthened based on trade-weighted grounds, showcasing resilience in an environment of moderate interest rate volatility and rising stock prices. Goldman Sachs anticipates more of the same in the coming year, asserting that the British pound has ample room for appreciation as the market embraces the notion of a "soft landing." The upcoming elections are likely to both encourage additional fiscal support and alleviate some trade conflicts with the EU. Both outcomes are expected to bolster domestic growth, mitigate the risk of recession, and further support the British pound. As we approach 2024, the forecast for GBP/USD looks optimistic, driven by a combination of global economic factors and domestic political developments. Investors will be keenly observing the unfolding dynamics in the currency markets as the British pound aims for new heights against the US dollar.
by Larissa-Trader
GBP/USD Resilient Above 1.2800 Amidst Dollar WeaknessGBP/USD saw a slight uptick above 1.2800 in early European trading on Thursday, supported by the prolonged weakness of the US Dollar due to bets on the Fed's dovish stance. US unemployment benefit claims data was released in a relatively quiet market. The currency pair, currently trading just above 1.2700, may find technical buyer interest if it confirms this level as support. In such a case, 1.2750 and 1.2790-1.2800 serve as potential resistance levels. Failure to hold above 1.2700 could prompt support at 1.2660 (50-period SMA), 1.2630 (100-period SMA), and 1.2600 (23.6% Fibonacci retracement). GBP/USD, influenced by broad USD selling pressure on Thursday, sought to recover losses, maintaining stability around 1.2700 as the market assessed the latest UK data on Friday.
by Larissa-Trader
USD Volatility on Fed Rate Cut SpeculationThe US dollar grapples with challenges in gaining traction globally, impacted by recent indications of cooling inflation in the US. This trend raises expectations of a potential Federal Reserve interest rate cut in the coming year. In thin holiday trading, major currencies remain stable, with the yen holding near yearly highs, supported by expectations of the Bank of Japan shifting away from ultra-loose monetary policies. Key Points: Declining US inflation in November fuels expectations of a 2024 Fed rate cut, diminishing USD appeal. BOJ Governor Ueda's comments on rising inflation stir speculation of policy changes, boosting the yen. Global risk sentiment and broader economic trends may influence currency markets in the weeks ahead. Looking Ahead: USD fate depends on upcoming inflation data and Fed rhetoric in the new year. Yen direction hinges on BOJ actions and hints regarding policy normalization. Global risk sentiment will likely impact currency markets in the coming weeks.
by Larissa-Trader
Expectations and Analysis of GBP/USDForecasting GBP/USD, the British Pound against the US Dollar, based on performance on the daily chart below, indicates that it is still moving within an upward channel. Recent developments have been a response to signals from global central banks in their final meetings of 2023. However, the economic weakness in the UK continues to hinder a strong upward move of the British Pound against other currencies. Technically, the bullish side still needs to break through successive resistance levels at 1.2785 and 1.2850. To confirm control and ultimately advance towards the next psychological resistance level at 1.3000. On the other hand, returning to the support level at 1.2580 during the same timeframe will be crucial for the bearish side to gain control of the trend. Limited movements are expected today given the market conditions and the holiday season. Throughout this week, restricted movements are anticipated as investors are reluctant to exit the market during the holiday season, affecting liquidity.
by AdmamTrade