Hello fellow traders, GJ has more downside to come soon, Im expecting price goes back upto 186.4 zone.
But im also looking for a good short/sell on that zone..
This is not a financial advice.
My understanding on markets is the same as yours, but im just aware on liquidity being grab since this moves.
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The British Pound (GBP) remains steady against the Japanese Yen (JPY) during Wednesday’s mid-North American session after reaching a daily high of 188.24; the pair has fallen below the 188.00 mark, courtesy of weak inflation data from the UK. Therefore, the GBP/JPY hovers around 187.94, virtually unchanged.
From a technical perspective, the FX:GBPJPY is upward...
In the mid-North American session, FX:GBPJPY rallied and refreshed eight-year highs at around 188.28 on Tuesday, after economic data from the US sparked speculations the Federal Reserve wouldn’t tighten monetary policy any further. Investors see that as a green light to buy riskier assets, to the detriment of the safe-haven status of the Japanese Yen (JPY). The...
Dear traders, GBP/JPY has two resistance which are the key
to predict it's future price movements.
First, we have a moderate resistance level of 185.90 level. Second,
we have another resistance at the 186.70 level. One of these two levels
can be a reversal point for GBP/JPY.
We need to watch out and observe if there is a bearish price action
at either of these...
From a technical standpoint, there is a bullish trend evident on the intraday chart for the GBPJPY pair, indicating the potential for another upward movement in the short term. Analyzing the 1-hour chart, it is observed that the price is currently confined within a narrow trading range, indicating a compression in volatility. Given this technical context, it would...
The British pound has rallied during the trading session on Monday, reaching the top of the short-term consolidation region that we have been in. With this being the case, the market is likely to continue seeing more of a “buy on the dip” attitude as the interest rate differential between the 2 economies and currencies is big enough to warrant the “carry trade.”...
The UK’s inflation rate due this week (early early Wednesday morning), and there is a huge projected drop in the reading from last month, from 6.7% to 4.8%. This huge drop leaves a lot of room for disappointment, and higher CPI reading could exert upside pressure on the GBPJPY, which is already at a multi-month high. It is for this reason I bring up the...
The International Monetary Fund (IMF) has warned that China's weak recovery and the possibility of a prolonged real estate crisis could further impact Asia's economic outlook. The IMF has reduced its growth estimate for Asia in 2024 to 4.2%, down from the 4.4% forecast in April and the 4.6% forecast for this year, according to the Outlook report. World Economy...
This is for short term
Marked Possible Buy Zone
Once Reached Entry zone Look for Liquidity sweep and BOSin LTF then Enter
And this is risky too.
Please DYOR before entering the trade.
GBPJPY MAPPING
Each zone acts as support (we buy upon confirmation) if the market is above the zone & each zone acts as a resistance (we sell upon confirmation) if the market is below zone.
Hello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
🟢This Chart includes_ (GBPJPY market update)
🟢What is The Next Opportunity on GBPJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Hello traders, this is a daily analysis of GBP/JPY on a daily timeframe. We are clearly in a bullish trend, marked by consistent Higher Highs and Higher Lows. There's no confirmation of a reversal as of now. Additionally, we observe a kind of channel formation moving to the upside. By aligning two points upside and two points downside, we can see that the current...
Fed Chairman Jerome Powell said at a recent International Monetary Fund research conference that Fed officials are still unsure whether current interest rates are high enough to effectively combat inflation. This suggests further rate hikes may be imminent.
Powell said the Fed aims to keep monetary policy tight enough to reduce inflation to 2% over the long term....
Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to make a retracement to fill the imbalances lower and then to reject from bullish order block.
Fundamental news: Tomorrow will be released monthly GDP on GBP. If the result is...
Dear traders, as mentioned in yesterday's idea, GBP/JPY has run into resistance
in the 4H chart. Price has backed off after hitting the 4H resistance level.
So, if this continues, GJ can fall further to the 183.50 level. My plan is to short
the rallies in GBP/JPY as long as the resistance holds with target at 183.50
GBPJPY, I am expecting Longer Term Down because at this lever weekly POI is there and also head and shoulder pattern is generating here, so my recomendation is to set a trade for minimum 1200+ pips.
Adding to the previous trade after price formed a symmetrical triangle and breaks it after breaking the ascending channel. Moved my first trade SL to breakeven.
