The GBP/JPY pair continues its upward trend, despite a slight dip towards the 183.40s level at the time of writing, supported by various factors. The Ichimoku Cloud (Kumo) remains below the price levels, while the crossing of Tenkan-Sen above Kijun-Sen has opened doors for further price appreciation, as observed in Thursday's session.
GBP/JPY takes offers to refresh the intraday low near 183.50 during the first loss-making day in six amid early Monday morning in Asia. In doing so, the cross-currency justifies the market’s sour mood amid a light calendar, as well as ignores the hawkish concerns about the Bank of England.
Hello traders! ‼️ This is my perspective on GBPJPY. Technical analysis: I expect bearish price action here as we can see that price took out buy stop liquidity and rejected from institutional big figure 184.000. This is a risky short as it is against market structure, but I assume it. Fundamental analysis: Tomorrow will be released monthly GDP on GBP and if...
In the GBP/JPY currency pair, there are existing long orders in the designated green areas, which can be suitable for a long position if the downtrend line is broken. For entry, you definitely need a trigger, and you can be prepared to enter with the condition of the trend line break and the close above the minor pivot. The specified stop loss is determined...
GBP/JPY lacks momentum while making rounds to 182.70-80 during early Wednesday in London, fading the two-day winning streak. In doing so, the cross-currency pair juggles multiple risk catalysts and the fears of the UK’s economic slowdown, as well as mixed central concerns, during the sluggish markets.
The GBP/JPY exchange rate is recovering from recent losses during the early Asian trading session on Friday. The cross trade is currently hovering around 181.62, marking a 0.24% increase for the day. The disparity in monetary policy stances between the Bank of England (BoE) and the Bank of Japan (BoJ) acts as a headwind for GBP/JPY transactions, creating an...
Hello traders! ‼️ This is my perspective on GBPJPY. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to make a retracement to fiil the imbalance higher and then to reject from bearish order block + institutional big figure 182.000. Like, comment and subscribe to be in touch...
Following the release of ONS data, there was a significant decrease in UK government bond yields as traders adjusted their expectations for future interest rate hikes. Prior to the release, financial markets anticipated a terminal UK Bank Rate surpassing 6%, higher than the current rate of 5%. However, these projections declined to approximately 5.75% during the...
The break of 182.51 resistance affirmed the case that corrective pattern from 183.99 has completed with three waves down to 176.29. Intraday bias stays on the upside for retesting 183.99. Decisive break there will resume larger up trend. On the downside, below 180.85 minor support will turn intraday bias neutral first. Also, outlook will stay bullish as long as...
The price has considated and if it breaks the current high, the uptrend will continue
Just waiting for the 4H close above the blue line and a bullish engulfing on a smaller time frame to look for buys
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY has a 500 pips daily movement in just a day! Once failing to support at 179.909, its price dropped to lowest at 176.327. However, market buyer collected and support its price to 181.361. Indicating bull run for GBP against JPY has begin
☑️Broke the structure on the D1 timeframe ☑️Broke the structure on the 4H timeframe (confirmation) If we break the market structure up on the 4H timeframe, we we'll go a little higher before drop, but if we break the red level on the D1 timeframe, the analysis becomes invalid🙅♂️ Good luck 🙌💪
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 longs. I want price to continue the retracement to take out sell side liquidity and then to reject from bullish order block. Like, comment and subscribe to be in touch with my content!
Hello Traders and thanks. First, I want to state that i am bearish on the Pound. the Fundamentals supports it, BUT that doesn't mean that i would capitalize on an opportunity when i see it. On this trade, I am bullish on Pound, but on a shorter term basis. Than being said, I still believe that we have a lot of liquidity to the downside and we might actually see...
The release of new data from the ONS caused a significant drop in UK government bond yields as traders adjusted their expectations for future interest rate increases. Prior to the release, financial markets were anticipating a final UK Bank Rate of over 6%, but these expectations decreased to around 5.75% during the morning, resulting in a sharp decline in UK...
Currently in bullish trend on H4 and daily, in corrective wave.