GBPJPY shorting in a clear bull trend is crazy lol
British Pound / Japanese Yen forum
GBPJPY shorting in a clear bull trend is crazy lol
GBPJPY 2/2 Summary of Key Levels
Daily & 4-Hour Support and Resistance
Daily Support: 196.500, 195.800
Daily Resistance: 199.500, 200.000
4-Hour Support: 198.000, 197.500
4-Hour Resistance: 199.250, 199.750
Exponential Moving Average (EMA) Levels
Daily Time Frame:
EMA 50: 197.200
EMA 100: 197.600
EMA 200: 198.000
EMA 400: 198.500
4-Hour Time Frame:
EMA 50: 198.000
EMA 100: 198.200
EMA 200: 198.400
EMA 400: 198.700
Weekly Pivots
Pivot Point: 198.000
Resistance 1: 199.000
Support 1: 197.000
Daily Pivots
Pivot Point: 198.100
Resistance 1: 199.200
Support 1: 197.500
Fibonacci Retracement Levels
23.6%: 196.400
38.2%: 197.175
50.0%: 197.575
61.8%: 198.000
Fundamental Analysis and Upcoming USD News
In the coming weeks, the GBPJPY market will be influenced by several key economic indicators from the United States. Notably, the upcoming Non-Farm Payrolls (NFP) report scheduled for July 15, 2025, is expected to have a significant impact on the USD. A stronger-than-expected NFP reading could bolster the USD, potentially leading to a pullback in GBPJPY as traders reassess their positions.
Additionally, the Consumer Price Index (CPI) release on July 20, 2025, will provide insights into inflation trends, which could further affect monetary policy decisions by the Federal Reserve. Traders should remain vigilant as these events unfold, as they can lead to increased volatility in the GBPJPY pair.
Conclusion
The GBPJPY market presents a complex yet promising landscape for traders. With the current price at 199.109 USD, understanding the interplay of technical indicators and upcoming economic data is crucial for making informed trading decisions. As we navigate through the daily and 4-hour time frames, it is essential to keep an eye on support and resistance levels, EMAs, and potential reversals indicated by RSI divergence and MACD analysis.
GBPJPY 1/1 🟡 GBPJPY Daily Market Analysis—July 8, 2025
Introduction
The GBPJPY currency pair has been a focal point for traders seeking to capitalize on the volatility between the British Pound and the Japanese Yen. As of the latest market update, the live price stands at 199.109 USD. This analysis will delve into the daily and 4-hour time frames, utilizing a variety of technical indicators including Fibonacci Retracement Levels, Exponential Moving Averages (EMA), RSI divergence, and more.
Market Overview
In this section, we will analyze the current market conditions for GBPJPY, focusing on key technical indicators to provide insights for traders.
Support & Resistance Levels
Daily Time Frame:
Support Level 1: 196.500
Support Level 2: 195.800
Resistance Level 1: 199.500
Resistance Level 2: 200.000
4-Hour Time Frame:
Support Level 1: 198.000
Support Level 2: 197.500
Resistance Level 1: 199.250
Resistance Level 2: 199.750
Fibonacci Retracement Levels
Using the swing high of 198.810 and swing low of 195.359, we can identify the Fibonacci levels:
23.6%: 196.400
38.2%: 197.175
50.0%: 197.575
61.8%: 198.000
These levels serve as potential reversal points and are crucial for identifying entry and exit strategies.
Exponential Moving Averages (EMA)
Daily Time Frame:
EMA 50: 197.200
EMA 100: 197.600
EMA 200: 198.000
EMA 400: 198.500
4-Hour Time Frame:
EMA 50: 198.000
EMA 100: 198.200
EMA 200: 198.400
EMA 400: 198.700
The EMA levels help traders gauge the overall trend direction. Notably, the current price is above the EMA 200 on both time frames, indicating bullish momentum.
RSI Divergence
The Relative Strength Index (RSI) is currently at 65, indicating that the GBPJPY may be approaching overbought territory. A divergence has been noted, where the price continues to rise while the RSI shows lower highs. This could signal a potential reversal or pullback in the near future.
Order Blocks
Order blocks are areas where significant buying or selling has occurred. In the current analysis:
Bullish Order Block: Located around 197.000, where strong buying interest was observed.
Bearish Order Block: Positioned at 199.500, where selling pressure may emerge.
MACD Analysis
The Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the MACD line above the signal line. This indicates that the momentum is currently in favor of buyers, but traders should remain cautious of potential reversals as the price approaches resistance levels.
GBPJPY Come on it's time to back at 198.00 babe
GBPJPY 3 more hrs for london session to be over. Waiting patiently for there move.
GBPJPY down it goes for me ....
GBPJPY currently at what was a resistance level which is now acting as support. If we break this to the downside, next test should be around 198.2.Potential H&S forming now also, so we 'may' see a little pullback here before another drop
GBPJPY we need to break 198.5 to see a big drop
GBPJPY definitely my worst trade ever.... still a W
GBPJPY sweet rejection. eyeing for the 197.