GBPJPY: Will Price Touch a Major Psychological Point Of 200?
The GBPJPY currency pair is currently struggling to break through the 194 region as the Japanese yen (JPY) consolidates, making the future price trajectory uncertain. This situation has significantly complicated trading JPY pairs.
Analysing historical price behaviour in similar circumstances can provide insights into potential future movements, but it’s crucial to conduct thorough research before engaging in trading. Past performance doesn’t guarantee adherence to chart trends.
The Japanese yen (JPY) also exhibits a negative correlation with the US dollar (USD). Given our bullish stance on the DXY index in the coming days, we anticipate substantial pressure on the JPY, potentially leading to a significant decline. It’s also worth considering the GBP, which has surged to prominence as one of the most sought-after currencies since the market opened earlier today.
In the meantime, we recommend setting two take-profit targets: one at 197 and another at 199. These levels are likely to witness substantial bearish volume entering the market.
We wish you successful trading and emphasise the importance of adhering to safety protocols.
We appreciate your unwavering support and encourage you to contribute by liking, commenting, or sharing our ideas.
Team Setupsfx_
❤️🚀
Analysing historical price behaviour in similar circumstances can provide insights into potential future movements, but it’s crucial to conduct thorough research before engaging in trading. Past performance doesn’t guarantee adherence to chart trends.
The Japanese yen (JPY) also exhibits a negative correlation with the US dollar (USD). Given our bullish stance on the DXY index in the coming days, we anticipate substantial pressure on the JPY, potentially leading to a significant decline. It’s also worth considering the GBP, which has surged to prominence as one of the most sought-after currencies since the market opened earlier today.
In the meantime, we recommend setting two take-profit targets: one at 197 and another at 199. These levels are likely to witness substantial bearish volume entering the market.
We wish you successful trading and emphasise the importance of adhering to safety protocols.
We appreciate your unwavering support and encourage you to contribute by liking, commenting, or sharing our ideas.
Team Setupsfx_
❤️🚀
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10+ Years of Experienced Team Based in the UK 🇬🇧
📌SMC+ICT based Signals|
📌84% Accuracy in Forex |87% Accuracy In Gold |
For Forex : t.me/Setupsfx_bot
For Gold: t.me/Setupsfx_Gold_Bot
📌SMC+ICT based Signals|
📌84% Accuracy in Forex |87% Accuracy In Gold |
For Forex : t.me/Setupsfx_bot
For Gold: t.me/Setupsfx_Gold_Bot
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
10+ Years of Experienced Team Based in the UK 🇬🇧
📌SMC+ICT based Signals|
📌84% Accuracy in Forex |87% Accuracy In Gold |
For Forex : t.me/Setupsfx_bot
For Gold: t.me/Setupsfx_Gold_Bot
📌SMC+ICT based Signals|
📌84% Accuracy in Forex |87% Accuracy In Gold |
For Forex : t.me/Setupsfx_bot
For Gold: t.me/Setupsfx_Gold_Bot
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.