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British Pound / Japanese Yen

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GBPJPY trade ideas

BUY GBPJPY after UK Inflation data 200 EMA and Volume ClustersGBPJPY reversed after UK inflation data earlier , however it has retraced to significant 200 EMA level and areas of previous good volume / reversal points ( see chart ) Given also that : 200 Hourly EMA providing technical resistance Running into a cluster of previous volume areas Overall recent trend is still bullish Despite the data this morning giving GBP a push lower , this move appears way too aggressive for the data and likely more position covering than fundamental given that : Bank of England still expect inflation to peak at 3.75% in Q3 Energy , Tariffs and general uncertainty in the market Some analysts still calling for 4% in April and May Stop 192.85 Entry 193.80 Target 194.85 Good risk reward 1:1 good reversal probability given the above observations . Possible retrace as US markets arrive but overall sentiment remains .
Long
by emiliajz12l
Why GBPJPY is bullish ?? Detailed Technical and FundamentalsGBPJPY is currently trading around 193.000, with technical analysis indicating a potential bullish breakout that could yield gains exceeding 300 pips, targeting the 198.000 level. This anticipated movement is supported by the pair’s recent behavior, where it edged higher to 194.89 before a slight retreat, suggesting consolidation ahead of a possible upward surge. A strong breakout from the current resistance zone could trigger an aggressive bullish wave. Fundamentally, the British pound has shown resilience, bolstered by stable economic indicators and a proactive monetary policy stance from the Bank of England. Meanwhile, the Japanese yen has experienced depreciation, influenced by the Bank of Japan’s commitment to maintaining ultra-loose monetary policies. The widening interest rate differential between the UK and Japan favors a stronger GBP, adding bullish momentum to the pair. Technical indicators further reinforce the bullish outlook for GBP/JPY. The pair has been trading within a consolidation range, and a breakout above the current resistance level could signal the continuation of the prevailing uptrend. Moving averages and oscillators are aligning to support this bullish scenario, with the potential to reach the 198.000 target. Volume analysis also suggests growing buying pressure, which could accelerate the upward move once resistance is breached. Traders should monitor key resistance levels closely, as a confirmed breakout could present a lucrative opportunity to capitalize on the anticipated 300-pip movement. Implementing robust risk management strategies, such as setting appropriate stop-loss orders, is essential to mitigate potential market volatility. Staying informed about upcoming economic data releases and central bank communications will also be crucial in navigating this trading opportunity effectively.
Long
by AndrewsMarket-Mastery
Mister Y - GJ - Monday - 24/03/25 Top down analysisAnalysis done directly on the chart As I said last Thu and Fri, market positioning is not the best, thus makes it harder to spot high probability winning trades and setups. Inclining to take more short TPs and secure profits not being greedy. A lot of times, we are correct about our analysis BUT what is missing is the timing. With time and experience and the desire to improve everyday, you'll start to understand better when price will likely to have higher chance of happening a specific move. Not financial advice, DYOR. Mister Y
Long
by Mister_Y