GBPJPY sellers get ready for the new weekBritish Pound / Japanese Yen forum
GBPJPY sellers get ready for the new weekGBPJPY new week new blessings
GBPJPY 196 lvl seems to be strong resistance zone, will the price go higher or retrace from here? GBP data is good but yen as safe heaven could attract more investors as USD is doing poorly
GBPJPY on the way to dec.high ????
GBPJPY bearish with small risk
#GBPJPY Buy 195.144
SL 194.544
TP 195.344
TP 196.144
TP 197.544
Trade at your own risk
Protect your capital
The Wizard 🧙♂️ SWFX
tradingview.com/x/acdbvPdF
GBPJPY
SL 194.544
TP 195.344
TP 196.144
TP 197.544
Trade at your own risk
Protect your capital
The Wizard 🧙♂️ SWFX
tradingview.com/x/acdbvPdF
GBPJPY
GBPJPY stage set for a sells today!!!
GBPJPY Liquidity grabbedGBPJPY buy for now leave sells for seller
GBPJPY 2/2 Summary of Key Levels
Daily & 4-Hour Support and Resistance
Daily Support Levels: 194.500, 193.800, 193.000
Daily Resistance Levels: 196.000, 196.500, 197.000
4-Hour Support Levels: 195.000, 194.750, 194.300
4-Hour Resistance Levels: 195.800, 196.200, 196.800
Exponential Moving Average (EMA) Levels
Daily EMA (50): 195.150
Daily EMA (100): 194.800
Daily EMA (200): 194.200
Daily EMA (400): 193.700
4-Hour EMA (50): 195.300
4-Hour EMA (100): 195.000
4-Hour EMA (200): 194.500
4-Hour EMA (400): 194.000
Weekly and Daily Pivots
Weekly Pivots:
Pivot Point: 195.000
Resistance 1: 196.000
Support 1: 194.000
Daily Pivots:
Pivot Point: 195.250
Resistance 1: 196.000
Support 1: 194.500
Fibonacci Retracement Levels
23.6% Level: 194.870
38.2% Level: 195.270
50.0% Level: 195.850
61.8% Level: 196.070
Fundamental Analysis and Upcoming USD News
As we look ahead, it's crucial to consider the impact of upcoming USD news on the GBPJPY market. Notable events include:
Non-Farm Payrolls (NFP): Scheduled for next week, this report is critical as it provides insights into employment trends in the U.S. A stronger-than-expected NFP could strengthen the USD, potentially putting downward pressure on GBPJPY.
Federal Reserve Interest Rate Decision: The upcoming FOMC meeting will be pivotal. Any hints of a rate hike could bolster the USD, influencing GBPJPY dynamics.
These fundamental factors will play a significant role in shaping market sentiment and price action in the coming days.
Conclusion
In conclusion, the GBPJPY pair is currently exhibiting a bullish outlook, supported by several technical indicators. However, traders should remain vigilant due to potential divergences and upcoming fundamental events that could sway market sentiment. By closely monitoring key support and resistance levels, EMAs, and upcoming economic data, traders can position themselves effectively in this dynamic market environment.