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GBP/JPY Mini

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GBPJPY.100.CSM trade ideas

GBP/JPY: Persistent Bearish Pressure Amid Recovery AttemptsThe GBP/JPY pair has shown recent volatility, attempting a rebound to 188.00 on February 10, breaking a three-day losing streak after hitting the weekly low at 187.00. The Bank of England’s dovish monetary policy, including the recent rate cut, has worsened the bearish sentiment on the pound, while downward revisions in the UK's growth forecasts have further weakened the GBP. Despite recovery attempts above 190.00, economic uncertainty and the central bank's negative outlook keep the risk of further declines high. The price is near a daily FVG, with potential liquidity grabs within and around the 0.62% Fibonacci level before resuming its downward movement.
Short
by EdgeTradingJourney
1
GBPJPY? alternate view Before you decide to press BUY ? SELL ? 3 things you ll need to align. (at least for me) Fundamental- your bias- will Pound be stronger than Yen visa versa check news.. incoming data bla2. Pattern - anything you like to support bearish/bullish Compensation - will your SL be enough to Targets 1:3 1:5 1:200 whatever... Next will be your patience.. either SL or TP If it hit your SL... you tried your best. You shouldn't be hardup becoz You did your best It's not the whole of your capital.. only 3-5% Consult your nearest guru.. hehehe All the best & don't be lazy.. read @ learn patterns I'm no guru.. or your guru
Long
by reazosman
GBPJPY falliing resistance retest at 193.00 levelThe GBPJPY price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 193.00. An oversold rally from the current levels and a bearish rejection from the 193.00 level could target the downside support at 189.60 followed by 188.30 and 187.10 levels over the longer timeframe. Alternatively, a confirmed breakout above 193.00 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 194.12 resistance followed by 195.30 levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation