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GBPJPY trade ideas

GBPJPY Heads of Central Banks: Head of Bank of England (BoE): Andrew Bailey Head of Bank of Japan (BoJ): Kazuo Ueda Economic Data Affecting GBP/JPY: Bank of England (BoE) Events: Interest Rate Decisions: The next BoE interest rate decision is scheduled for March 20, 2025. However, this week, Governor Andrew Bailey and other MPC members will testify before the Treasury Select Committee on March 5, discussing recent monetary policy decisions and economic outlooks. Impact: Expectations of further rate cuts could weaken the GBP, while a pause in rate cuts might support it. Bank of Japan (BoJ) Events: Monetary Policy Meetings: No major BoJ meetings are scheduled this week, but ongoing discussions about potential policy adjustments could influence the JPY. Impact: Any hints at tightening monetary policy could strengthen the JPY, while continued dovishness might weaken it. UK Economic Data: Inflation and Growth Figures: Rising inflation or slower growth could influence BoE decisions, impacting GBP. Impact: Higher inflation might lead to a stronger GBP if it prompts rate hikes, while slower growth could weaken it if it suggests rate cuts. Japanese Economic Data: Inflation and Consumption Data: Stronger-than-expected inflation or consumption figures could lead to speculation about BoJ policy changes, affecting JPY. Impact: Improved economic indicators might strengthen the JPY if they suggest a shift towards tighter monetary policy. Trade Directional Bias: Bullish Scenario for GBP/JPY: If the BoE signals a pause in rate cuts or if UK economic data surprises positively, while Japan's data remains weak, GBP/JPY might rise. Bearish Scenario for GBP/JPY: If the BoE continues to cut rates and Japan's economic indicators improve, potentially leading to a stronger JPY, GBP/JPY could decline. we will monitor these events and data releases to adjust our strategies accordingly.
by Shavyfxhub
GBP/JPY Multi-Timeframe Analysis & Probability Estimation **Timeframes Covered:** - **30-Minute (M30)** - **1-Hour (H1)** - **4-Hour (H4)** - **Daily (D1)** **Key Observations Across Timeframes:** **1. Market Structure & Trend Analysis:** - **Short-term:** (M30, H1) Price is trading near **equilibrium (~189.600 - 189.800)** with minor bullish structure. - **Mid-term:** (H4) Price is rejecting from a previous **liquidity zone**, but still inside a bearish structure. - **Long-term:** (D1) Overall, **GBPJPY is still bearish** with price bouncing from the **discount zone (188.000 - 187.500)** but failing to break above **key resistance (190.500 - 191.000).** **2. Supply & Demand Zones:** - **Premium Zone (~190.500 - 193.000):** Strong supply zone, price may reject if it reaches this level. - **Discount Zone (~187.500 - 186.500):** Strong demand zone where price recently found buyers. - **Equilibrium (~189.600 - 189.800):** Price is currently consolidating, meaning market is undecided. **3. Liquidity Areas & Key Levels:** - **Previous Daily High (PDH ~190.000) & Previous Weekly High (PWH ~192.000):** These levels may act as liquidity magnets. - **Previous Weekly Low (PWL ~187.500):** If price drops, this will be the next area of interest for liquidity. - **Weak High near 190.500:** If price struggles here, expect a reversal. --- **Probability-Based Scenarios:** **1. Bullish Scenario (Move Towards 190.500 - 192.000)** - **Probability: 50%** - **Reasons:** - Short-term bullish momentum (M30 & H1) suggests price might push toward the **premium zone (190.500 - 192.000).** - If price **breaks and holds above 189.800**, it could push higher. - Liquidity above **PDH (190.000) could be a target** before a potential rejection. **2. Bearish Scenario (Drop Below 188.500 Towards PWL)** - **Probability: 50%** - **Reasons:** - **H4 & D1 remain bearish**, meaning a continuation of the downtrend is still possible. - If price **fails to hold above 189.600**, expect a move lower towards **188.500 or even 187.500 (PWL).** - The **0.618 Fibonacci level (190.626) is acting as strong resistance.** **Final Thoughts & Trade Plan:** - **Market is currently in a neutral zone (50/50 probability)**, meaning it can go either way. - **Key Confirmation Levels:** - **Above 189.800:** Bullish towards **190.500 - 192.000**. - **Below 189.600:** Bearish towards **188.500 - 187.500**.
by wizzywise1
GBPJPY weekly analysis (Gbpjpy)Alternative (Bullish) Analysis 1. Breakout Above Resistance at 190.070 The chart suggests rejection from 190.070, but if price breaks and holds above this level, it could signal further upside momentum. Instead of a bearish move, price could consolidate above 190.165 and push toward 191.003 or higher. 2. Strong Accumulation in the Support Zone (187.800) The support area at 187.800 has already been tested multiple times, and each time, price has rebounded. This could indicate a strong demand zone, meaning buyers are stepping in aggressively. If buyers push price back to resistance and break through, a new bullish trend may emerge. 3. Liquidity Grab Below 188.000 The previous dip below 188.000 may have been a liquidity grab to stop out weak hands before a bullish reversal. If this assumption holds, price may now aim for higher highs rather than another rejection from resistance. 4. Market Structure Shift Instead of forming a lower high at resistance, a higher low formation could suggest an uptrend. If price finds support around 189.000 instead of dropping to 187.800, a bullish continuation pattern would be confirmed
Long
by Fx_Oliviaa
GBPJPY A Fall Expected! SELL! My dear friends, GBPJPY looks like it will make a good move, and here are the details: The market is trading on 189.95 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 189.26 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
GBPJPY trend continuation?Next week, we can expect the continuation of the trend. The technical analysis is fully explained in the chart, but what needs to be watched are the fundamental reports: Manufacturing PMI on Monday, (impulsive move) Tuesday nothing (correction move) Services PMI on Wednesday, (impulsive move) Jobless Claims on Thursday, (impulsive move) and NFP along with Fed Chair Powell's speech on Friday. (impulsive move) We expecting high volatility during news events. Trade what you see, not what you think.
Short
by Monesta
GBP/JPY | forecast channel pattern target levels 184.500📉 GBP/JPY Price Forecast 📉 🔻 Market Structure: Downside Channel Pattern 📍 Fair Value Gap (FVG) Retrace: 190.100 🎯 Entry Point: 189.300 🏆 Target Point: 184.500 📊 Indicator: EMA 50 for trend confirmation 💡 Trading Strategy: Waiting for a retracement to the FVG zone before resuming the downtrend. EMA 50 acting as dynamic resistance. Strong risk-to-reward ratio for potential profits. ⚡ Stay Ahead of the Markets! 📌 Like, Comment & Follow for real-time trade alerts and expert insights!
Short
by James_Mindset
3
GBPJPY Consolidation Break with Rising Yen Inflation PressureFX:GBPJPY 4H chart shows it has been in consolidation. At the time of writing, GBPJPY pushed through both the upper and lower bound of the price channel. 1D chart An inverted head-and-shoulders is forming, with the neckline yet to break. Rising volume hints at a potential bullish move. The Yen inflation Japan’s inflation hit 4.0% in January 2025, a two-year high (weak Yen). This strengthens the case for BOJ rate hikes, potentially boosting JPY and pressuring GBPJPY upsides.
Long
by HerbertiNk
GBPJPY Consolidation Break with Rising Yen Inflation Pressure FX:GBPJPY 4H chart shows it has been in consolidation. At the time of writing, GBPJPY pushed through both the upper and lower bound of the price channel. 1D chart An inverted head-and-shoulders is forming, with the neckline yet to break. Rising volume hints at a potential bullish move. The Yen inflation Japan’s inflation hit 4.0% in January 2025, a two-year high (weak Yen). This strengthens the case for BOJ rate hikes, potentially boosting JPY and pressuring GBPJPY upsides.
Long
by HerbertiNk
GBPJPY Is Very Bearish! Sell! Take a look at our analysis for GBPJPY. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 189.489. Taking into consideration the structure & trend analysis, I believe that the market will reach 188.370 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1