Technical Overview The price is moving now within the 0.5 and 0.618 frames of the fibonacci retracement. Anticipate short-term uptrend continuation Plan trade in the intro
Fundamental Overview The GBP/JPY pair is nearing its highest point in six months at 172.17 following a break above the consolidation around 171.00 during the Asian session. The Japanese Yen has been affected by the new Bank of Japan Governor Kazuo Ueda's support of an ultra-dovish monetary policy to maintain consistent inflationary pressures above 2%. The BoJ...
Double top with bearish divergence hinting a trend reversal from bullish to bearish in GBPJPY in H4 timeframe if the support level of 165.4 is broken.
Brace yourself for BOJ's announcement The upcoming decision of the Bank of Japan on interest rates will be closely monitored by the markets, regardless of their expectations. This is because it will be the first such decision made under the leadership of the new Governor Kazuo Ueda. Analysts will carefully analyze the accompanying commentary for any hints on...
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 rebounds from 167.50 as bulky UK Inflation supports hawkish BoE bets According to the latest release of UK inflation figures, the headline Consumer Price Index (CPI) has slightly decreased from 10.4% to 10.1%. This decline can be attributed to the drop in energy prices used for heating and electricity. Despite this, investors are not happy with the...
gbpjpy made a double top and broke the last low both scenarios are possible look for only and apply your own money management patience and discipline always pays
Hey Traders, hope you are doing alright, we have great selling opportunity, where we can target a major selling reversal zone. Keep supporting and following so we can publish more ideas
#GBPJPY - According to the GBPJPY analysis we gave the previous day, the GBPJPY SELL SIDE WAVE was moving very well in the previous days. The reason for that was FUNDAMENTALLY STRONG JP10Y STRONG JPY STRONG causing GBP WEAK. And because the MARKET SENTIMENT is STRONG. XXXJPY has been selling very fast since last week. - JPY has become somewhat STRONG as VIX...
As we can see the price has changed character to the downside, took the IDM and got into the 4H OB we can sell here after a LTF Confirmation (CHOCH, Flip or Single Candle OB etc...)
Last Month's Open and Close is around 163.73 - 163.77 region and from what we can see so far, price broke and has stayed below it. Reasons I am staying Bearish ATM 1. As long as price doesn't close above 163.77, I believe our bearish momentum continues 2. We had a change of character when price broke through 163.00 3. I am expecting a pull back to 163.77 before...
Dear Traders, hope all of you are doing great, we have 900= pips selling opportunity on GBPJPY, currently we had change of the character and price is bearish since last two days. There are two areas that we are targeting at the moment labelled as 'selling zone 1' and 'selling zone 2'. Remember if you are entering, enter with stop loss not more than 40+ pips which...
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.
The GBPJPY pair ended its recent bullish rally by achieving some gains and reaching 166.40, followed by Diving bearishly towards 162.75, hinting its surrender to the stability of the major barrier around 166, which will hinder the attempts to resume the bullish attack in the near term and medium term period. Also, stochastic exit from the overbought areas will...
According to the Bank of Japan's Tankan survey for the first quarter, inflation expectations have increased slightly. Additionally, the Jibun Bank of Japan's manufacturing Purchasing Managers' Index (PMI) has risen from 48.6 to 49.2. At the beginning of the week, cautious markets responded to recent news regarding oil production cuts and the subsequent rise in...
This pair is very likely to react here, for a 200 pip drop. Wait for a clear reversal, though! (When two Cypher Pattern's PRZ are this close together, usually there is a brief reaction off of the first PRZ and the turn happens in the second PRZ - Much like the case here.) Here is a close up;
I expect a small pullback to 164.000 weekly level and then a massive drop to 162.000. Thats 200 Pips