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Gbp-jpy

Predicted Path for GBP/JPY Traders, Let's delve into the forecasted path for GBP/JPY: Trend Analysis: Upon examining the daily chart, we notice a resilient bullish channel that, despite being broken previously, has resurfaced with vigor. Furthermore, the strength of bullish candles outweighs downward movements. Potential Obstacles: Anticipate some hurdles or resistances along the upward trajectory. These include: The daily resistance at approximately 188.600, The declining trendline, and The bottom of the channel. These levels can serve as strategic points for trade entries or exits. Potential Starting Point: Consider initiating the upward movement between the levels of 186.00 and 185.00. Keep a keen eye on these dynamics as you navigate GBP/JPY. Best of luck in your trading endeavors!
Long
by AliSignals
Sell GBPJPY Triangle BreakoutThe GBP/JPY pair presents a potential selling opportunity on the H1 timeframe, fueled by a recent bearish breakout from a triangular consolidation pattern. Key Points: Bullish Triangle Breakout: Though seemingly counterintuitive, the price has broken downward from a bullish triangle formation, characterized by converging resistance and support lines. This often indicates a reversal of the prior upward trend and a shift in momentum towards the downside. Sell Entry: Consider entering a short position around the current price near 187.40, offering an entry point close to the breakout level. Target Levels: Initial bearish targets lie at the support levels of 186.05 and 185.16, marking previous support zones within the triangle. Stop-Loss: To manage risk, place a stop-loss order above the resistance line of the broken triangle at 188.70 Fundamental Updates : Bank of England (BoE) Meeting and Interest Rate Decision (Feb 2): While the BoE is expected to raise rates again, the focus will be on the size (25bps or 50bps) and future policy guidance. Dovish pronouncements could weaken the GBP and benefit selling GBP/JPY. Thank you.
Short
by KABHI_TA_TRADING
8
GBPJPY Medium-term sellThe GBPJPY pair delivered the best sell signal possible on our last bearish call (November 30 2023, see chart below) as it got rejected exactly on the Higher Highs trend-line back to the Support of the Ascending Triangle: Today's analysis is on the 1D time-frame where you can see that the price then rebounded exactly on the 1D MA200 (orange trend-line) and hit again the Higher Highs trend-line. That makes it again a technical sell opportunity and we can see the price already starting to reverse. So far it continues to be a symmetrical price action with 2021 and early 2022 and along these lines, we can argue that this is a similar Higher Highs rejection with early January 2022. As a result, we are taking that sell opportunity to target the 1D MA200 at 183.000 as the pair did on January 24 2022. When the 1D RSI hits the 30.00 oversold barrier again, we will take a long-term buy position expecting a break above the Higher Highs trend-line this time. We will update on the Target when that time comes. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
GBPJPY: Systemic Top being formed. Sell.GBPJPY is on a bullish 1D technical outlook (RSI = 65.529, MACD = 1.210, ADX = 62.251), which is a natural consequence of the strong 3 week rally since the January 2nd bottom. However this rally appears to have come to an end as not only has the price hit and got rejected twice on the R1 level (188.660) but the 1D RSI has also reach the top of its six month Channel Down and is reversing. The price action's HH trendline is a little higher, so we can allow some space for a final blow off top before a selloff. The Sine Waves so a clear and very consistent Peak-Bottom pattern and right now the price is exactly on the Peak. Consequently, we consider the current price level as a low risk sell opportunity. We are targeting the 1D MA200 (TP = 182.350). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
GBPJPY: Thoughts and Analysis Pre-BOJToday's focus: Pattern – Continuation, resistance test. Support – 37,400 Resistance – 187.63 - 184.35 Hi, and thanks for checking out today's update. Our focus today is on the GBPJPY pre-Bank of Japan. Looking at price, we can see it continues to trade on fast trends higher but has stalled at resistance. The market could now be waiting to see what's next from the Bank of Japan. Will they tweak their bond-buying program? We have seen some solid volatility from past meetings. Could this be another? We have run over two scenarios in today's video, and we will look to see what happens next for the JPY after tomorrow's BOJ meeting. Rates are expected to remain on hold, and the statement and outlook report are expected between 11:30 am and 4 pm on Tuesday this week. Good trading.
by Eightcap
XAUUSD BuyBuying Gold due to the failed close below 2016. I predicted 2012 last week, but to see this I'd anticipate good confirmation. This has not happened yet, CPI has dropped gold over 150 pips, now im expecting a clear push back to 2025+ area. Ive entered at 2016.54, targeting 2029.54 and my stop is set at 2013.54. Gives me a 1:4.33 R/R 1%Risk Entered at the low end of a 4Hr OB, which I'd like price to close above. Not to much more analysis here, kept it simple, still using @nephew_sam_ FVG indictor so testing this on my funded account.
OANDA:XAUUSDLong
by xEthan
GJ Possible movement for next week openingLooking to short GJ next week, although a break of this 184.100 zone could push GJ to longs targeting 188.60 area (8/1/24) Zoomed out onto 4hr HTF, from here I am looking to enter within that OB thats present, targeting a FVG around 180.00 Using a new indicator by @nephew_sam_ so looking forward to 2024 using this. Upon technical analysis, I can see the finish of 2023 bought the Pound to close around 179.54. From here we have seen the slight push to the now current 183.952 area. This has been a nice steady push for GJ, which makes me think this continuation could continue. Having said this, there hasn't been a major consolidation of price or even a pullback. From this i'd expect a slight pullback tonight (Sunday) or even through (London) Tomorrow or in due course. My guesses are that price will continue for the short while, but a pullback is expected, and this is what I'm targeting. Day traders this could be a good opportunity, Swing traders I would probably focus on the longer targets of buying. First documented trade of 2024 so lets see how this runs.
Short
by xEthan
2
GBPJPY remains mixed and volatile.GBPJPY - 24h expiry A Doji style candle has been posted from the base. Price action looks to be forming a bottom. We are trading at overbought extremes. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Further upside is expected although we prefer to buy into dips close to the 180.65 level. We look to Buy at 180.65 (stop at 179.85) Our profit targets will be 182.65 and 183.05 Resistance: 182.10 / 183.35 / 184.60 Support: 178.00 / 175.15 / 173.60 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
GBPJPY Strong rally if the MA50 (1d) breaks.GBPJPY is trading inside a Bullish Megaphone pattern with the price testing now for the 2nd time the MA50 (1d). This test is coming only 3 days after the price hit the bottom of the Megaphone. The previous bottom formations have been very similar to the current pattern. Trading Plan: 1. Buy when the pair closes a (1d) candle above the MA50 (1d). Targets: 1. 190.000 (Fibonacci 1.236 extension). Tips: 1. The RSI (1d) has made a Double Bottom formation over the oversold level of 30.00. Please like, follow and comment!! Notes: Past trading plan:
Long
by TradingBrokersView
GBP/JPY Analysis – Moving Averages and Supply/Demand Bearish PerHello traders, GBP/JPY has presented a potential bearish scenario amidst recent developments in the 50 and 100 Simple Moving Averages (SMA), coupled with supply and demand dynamics. Keep in mind that the upcoming Bank of England (BOE) interest rate decision on Thursday could influence the analysis, and traders should remain vigilant. The 50 SMA has recently crossed below the 100 SMA, signaling a potential bearish momentum shift. This crossover could indicate a trend reversal or the beginning of a downtrend. Supply and Demand: Entry Points: Current Price (Market Entry): Given the recent bearish crossover, consider entering a short position at the current market price for potential continuation. 183.430 Level (Pending Entry): Another entry point could be around 183.430, aligning with a potential retracement to the moving average resistance. Take Profit Points: 1st: Set the first take-profit point at 176.360, which aligns with a significant support level. This level could pose a challenge for further downward movement. 2nd: The second take-profit point is set at 180.400, considering potential resistance and supply in that region. Risk Management: Place stop-loss orders above key resistance levels or recent swing high please. Evaluate risk-reward ratios before entering trades and adjust position sizes accordingly.
Short
by AliSignals
5
GBPJPY Technical Analysis 19.12.2023 1h chart– Previous Daily candle closed small Bullish around 180.550 within the recent Daily range as price consolidates on the lower timeframe. – Buys on close above 181.100 targeting 4h Resistance around 181.560, Leaving Runners to the 30min Resistance formed around 181.950. – Sells on close below 180.070 targeting 1h previous Resistance formed on 14th December 2023 around 179.370, Leaving Runners to the 1h Support formed around 179.010. – High Impact News ahead of the Asian session for the Japanese Yen for review on interest rates, Monetary Policy Meeting Minutes, Monetary Policy Statement, Bank Of Japan Policy Rate followed by Bank Of Japan Press Conference, High Volatility expected
by SalimFX20
GBPJPY Potential DownsidesHey Traders, In the upcoming week, our focus will be directed towards GBPJPY, where we are actively observing a potential selling opportunity within the 181 zone. Presently, GBPJPY is navigating a downtrend, indicative of a sustained downward momentum. Within this broader trend, the currency pair is currently undergoing a correction phase, steadily approaching the trend at the significant 181 resistance area. The correction phase in GBPJPY introduces a dynamic element to the market, offering the prospect of a strategic entry point for sellers. The 181 resistance area holds particular importance due to its historical significance as a level where price movements have previously elicited substantial reactions. Traders will closely monitor this critical juncture in anticipation of signals that may inform their selling decisions in the coming week. Trade safe, Joe.
Short
by JoeChampion