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...
GBPJPY - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Previous resistance located at 185.89. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Preferred trade is to sell into rallies. Although the anticipated move...
Hello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
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...
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...
GBP/USD extends its slide below the 1.2200 level in early US trading. UK GDP data reveals a better-than-expected 0.6% year-on-year growth in the third quarter. However, these figures fail to propel the currency pair as investors await next week's key data for clearer direction. The ascending trendline, the Fibonacci retracement level of the latest downtrend, the...
GBP/USD extends its slide below 1.2200 in early US trading. UK GDP data reveals a year-on-year growth of 0.6% in Q3, surpassing expectations. However, these figures fail to propel the currency pair as investors await next week's key data for clearer direction. What are your thoughts on this currency pair?
The GBP/USD pair entered a consolidation phase on Friday, trading within a narrow range around the 1.2220-1.2225 region, just above the one-week low touched during the Asian trading session. What are your thoughts on this currency pair?
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.
the recent monetary policy changes by the Japanese yen (JPY), there appears to be a decrease in the strength of momentum in the GBP/JPY currency pair. To gain more confidence in this observation, it is advisable to closely monitor higher timeframes (HTF) for additional confirmations. This means that after Japan's central bank's recent decision regarding its...
FX:GBPJPY break and retest below 184.991 weekly support to sell on GBPJPY
Are you ready to make some money? Let’s talk about GBPJPY! 🤑 Our screener has identified that JPY is a relative strong currency in this session, and we’ve found that GBPJPY has broken out of the support zone and is headed towards the downside. But don’t worry, this is just a little and short retracement in the daily uptrend. So, what’s the plan? We could...
Because the interest rate difference between the US and Japan is still large, the sell-off of the yen in the market continues to accelerate despite the BOJ's decision to maintain loosening yield curve control.