Lessons to Learn! Being adamant / sarcastic / is't gonna us, being humble / watching price and reaction at levels can make your trading better. S&D alone cannot make you a better trader, there are many more things come into the frame. Even if you post your A+ Trading setup / rules, Humans will say they are BS and keep failing, that's how emotions are wired due to arrogance and QUIT at a point when market Slams hard on the face.
ITC/ SMC / MMT / Wyckoff / BUY/SELL indicators and what not! So much garbage around, make a simple system or pick 1 model and master it than trying to catch every unicorn you see around this space. It takes time and effort without giving up. This can help you reduce decades of learning curve.
> Impact of NFP & Unemployment Rate on GBPUSD & GBPJPY
-The Non-Farm Payrolls (NFP) and Unemployment Rate data are key economic indicators from the U.S. that significantly impact the U.S. dollar (USD). Since GBP/USD and GBP/JPY involve the USD, this data will influence these pairs today.
> Market Expectations
- NFP Forecast: 170K (Previous: 256K) → If actual is higher than expected, USD strengthens; if lower, USD weakens. - Unemployment Rate Forecast: 4.1% (Previous: 4.1%) → Higher unemployment weakens USD; lower strengthens it.
> Potential Scenarios & Impact on GBP/USD & GBP/JPY
- Strong NFP (Actual > 170K) & Lower Unemployment (< 4.1%) - Impact: USD strengthens → GBP/USD drops (bearish), USDJPY rises, leading to mixed impact on GBP/JPY. - GBP/USD Strategy: Look for sell opportunities near resistance (e.g., 1.2600-1.2630) targeting 1.2500 or lower. - GBP/JPY Strategy: If JPY weakens, GBP/JPY may rise; otherwise, sideways movement. Buy if it breaks key resistance levels.
- Weak NFP (Actual < 170K) & Higher Unemployment (> 4.1%) - Impact : USD weakens → GBP/USD rises, GBP/JPY bullish (as USD/JPY might also rise). - GBP/USD Strategy: Look for buy entries around 1.2540-1.2560 with a target of 1.2650-1.2680. - GBP/JPY Strategy: If USD weakens and risk sentiment is positive, GBP/JPY can rally above 189.50 towards 190+.
- Mixed Data (NFP Strong but Unemployment Rises, or Vice Versa) - Impact: Choppy, unpredictable moves. - Strategy : Wait for the first 15-30 minutes after release, watch price action, and trade confirmed breakouts rather than reacting immediately.
> Pre-News Strategy (Before 15:30 UTC) - Avoid opening major positions until after the release. Identify key support/resistance levels for potential breakouts.
> Post-News Strategy (15:30 UTC & After) - Trade the breakout: If GBP/USD breaks 1.2580 upward, buy with a target of 1.2650-1.2680. If GBP/USD drops below 1.2520, short targeting 1.2450-1.2470. For GBP/JPY, watch 188.80 support & 189.50 resistance for potential buy/sell setups.
> Volatility Consideration - NFP causes spikes → Use wider stops (e.g., 30-50 pips) & avoid tight SL to prevent whipsaws. - Ideal Entry Method: Wait for the initial move, then enter on a retracement using Fibonacci levels or Trend Analysis
> GBP/USD likely volatile: Strong NFP = bearish; weak NFP = bullish. > GBP/JPY depends on risk sentiment & USDJPY reaction. > Trade breakouts with confirmation & avoid emotional trading right at release time.
DXYJXY All the very best for your profits and lessons!
GBPJPY 
BXY 
JXY Weekly Breakdown. 
