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Gbp-jpy

GBPJPY Potential Forecast | 8th March 2023Fundamental Backdrop 1. Upcoming GDP q/q for the GBP releasing this Friday. 2. A positive print and above forecast will set the GBP for some bullish pressure. 3. Overall, due to interest rate differential and the difference in monetary policy stance of BOE and BOJ, GBP continues to appreciate against the JPY. Technical Confluences 1. Price has officially tapped into the H4 support at 161.91. 2. Price continues to form higher highs and higher lows. 3. Anticipate for price to tap into the H4 resistance level at 166.04. Idea I will be looking for price to continue its bullish momentum and for a break of structure on the lower timeframe which will serve as a confirmation for my long entry.
Long
by OlympusLab
1
GBPJPY More Downside, Watch For Sell On GBPJPY, we can expect more bearish price action to confirm the downside. What I like about the price action is we have ascending channel reversal, within the larger correction that is correcting the previous bearish impulse phase. We can see price has already started ts bearish move from the top of structure, and has already formed a continuation correction to break out of the ascending channel. Expecting more downside, wait for more bearish continuation corrections on the lower time frame to confirm more drop.
Short
by jojofang0901
3
GBPJPY remains a long.GBPJPY - Intraday - We look to Buy at 163.10 (stop at 162.50) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This is positive for sentiment and the uptrend has potential to return. Levels close to the 61.8% pullback level of 163.03 found buyers. The hourly chart technicals suggests further downside before the uptrend returns. Further upside is expected although we prefer to buy into dips close to the 163.00 level. Our profit targets will be 164.60 and 164.90 Resistance: 163.75 / 165.70 / 168.55 Support: 161.75 / 159.30 / 155.35 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
1
GBPJPY - Trend-Following Buy Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on H4: Left Chart GBPJPY is overall bullish trading inside the blue channel. So we will be looking for trend-following buy setups on lower timeframes. on H1: Right Chart GBPJPY is stuck inside a range around the lower blue trendline acting as a non-horizontal support. 🏹 Trigger => for the bulls to take over, we need a momentum candle close above the last high in gray. Meanwhile, until the buy is activated, GBPJPY can still trade lower till the green support zone. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
22
GBPJPY a new bullish leg 🦐GBPJPY on the 4h chart after the break of the resistance area fetches the 50% move and s currently trading below the structure at the 164 level. As we know all the pairs but mostly the JPY ones are reacting very well to the round and half-round numbers and being in a bullish scenario we still be long for a long order. How can i approach this scenario? I will look for a clear break of the resistance structure and IF the price will satisfy the Plancton's strategy i will set a nice long order.
by InkyGrip
12
GBPJPY, H4 | Potential bounce?Price is dropping towards a major support level at 161.77 which is an overlap support and a 50% Fibonacci retracement. We could potentially see a bounce from here to take prices up to the resistance level at 163.83. In terms of stop loss, we could keep it tight below the swing low spike at 161.08 to get a healthy R:R. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
4
GBPJPY Potential Forecast | 2nd March 2023Fundamental Backdrop 1. BOE continues to face higher inflationary pressures which will prompt the BOE to take on a more hawkish stance in the market. 2. BOJ continues to ease, dovish stance is continued. 3. This interest rate differential continues to be a key factor in the appreciation of the GBP over the JPY. Technical Confluences 1. Price is still on a bullish trend forming higher highs and lows. 2. Price is resting well above the ichimoku cloud, signifying bullish intent in the market. 3. Price retraced to the key H4 support level at 161.7 and continued bullish and is currently flirting the level at 163.7. 4. Price can potentially head to the lower timeframe support at 162.8 before heading back up. Idea Will be looking for price to tap into the support at 162.8 before continuing its bullish trajectory where longs will be taken upon proper confirmation. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
2
GBPJPY possible scenario 🦐The price of GBP/JPY has broken through a significant resistance level at 160.000 as expected from our previous idea, indicating a bullish momentum in the market. The breakout suggests that the buyers have taken control of the market, and the price is likely to continue moving higher. After the breakout, the price has moved to the next significant structure zone at the 162.000 level. This level has acted as a resistance level in the past, and it is likely to act as a support level for the price in the future. After reaching the 162.000 level, the price retraced to the 0.786 Fibonacci level. This is a significant retracement level and suggests that the buyers are still in control of the market. If the price holds above this level, it is likely to continue moving higher. If the price breaks above the structure at the 162.000 level, it may present a long-order opportunity for traders according to the MTB Plancton's strategy rules. A break above this level would confirm the bullish momentum in the market and suggest that the price is likely to continue moving higher. However, traders should wait for a confirmation before entering a long position to avoid false breakouts.
by InkyGrip
4
GBPJPY Approaching the most optimal sell levelThis is an update to our GBPJPY analysis at the start of the month: As you see the price followed exceptionally well the Symmetrical trade suggested and broke above both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). As it is now approaching the Symmetrical Resistance Zone, while the 1D RSI is near the 70.00 Overbought barrier, we are turning bearish on GBPJPY again. Our target is first the dashed Higher Lows trend-line and if broken, the Symmetrical Support level. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1