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Gbpjpy_outlook

GBPJPY: Strong volatility!The annual Consumer Price Index (CPI) is predicted to decrease to 3.1% in June from the previous month's 4%. Likewise, the Core CPI, which is not affected by volatile food and energy prices, is expected to slightly decrease to 5% from 5.3%. Investors are expected to pay attention to the monthly Core CPI reading as it offers a more accurate portrayal of inflation. It's projected to increase by 0.3% this month compared to May's 0.4% increase. The recent decline in used car prices has led investors to anticipate a subdued inflation report this week.
Long
by Sphyn-Trader
15
GBPJPY RISING HIGHER ON MORE BUYING PRESSURE The British pound has fallen initially during the trading session on Tuesday, only to test the support level that we have been dealing with for several days now. Ultimately, this market continues to see a lot of back-and-forth, and that makes quite a bit of sense considering that people don’t know what to do with the economy. However, the interest rate differential continues to be a major driver of where we go, as the Bank of Japan has been working against the rising interest rates in its domestic bond market, therefore it’s been printing Japanese yen. This of course drives down the value of the yen, and it has been seen across the Forex world. Looking at this chart, you can see that we are obviously very bullish, so there’s no reason to think that we should be shorting it any time soon. Yes, we may get some type of pullback occasionally, but that will be a nice buying opportunity, with the ¥170 level underneath being a significant support level just waiting to happen, and of course, there is a lot of psychology to that number. I think continues to see a lot of buyers on dips and I would approach it as such. The ¥172.50 level is a major resistance barrier, and breaking above there could open up even more buying. At this point, it could send the pair toward the ¥175 level. The ¥175 level could be a barrier, if for no other reason than the psychology of the market. Short-term pullbacks at this point should continue to see buyers enter the marketplace, as we have been in such a massive uptrend lately. The Japanese yen will continue to struggle due to the fact that the Bank of Japan is in the midst of quantitative easing, as they practice yield curve control in the 10-year JGB. Remember, Tokyo will continue to fight higher interest rates, with a ceiling of 50 basis points in that bond. In other words, they will step into the market and buy bonds to keep rates down. The only way they can do that is to print more yen, flooding the market with that currency. On the other side of the equation, you have the Bank of England, which remains extraordinarily tight, and is fighting inflation. This sets up a bit of a perfect trade, as it is not only so momentum driven, but there is also a huge interest rate differential between the 2 currencies. Essentially, this is the old styled “carry trade,” perhaps on steroids. With this, I think that plenty of people will continue to step into this market and buy it every time it dips. If we can break above the ¥172.50 level, that is very likely that the market will go looking toward the ¥175 level over the longer term. Underneath, the ¥170 level should continue to offer plenty of support and would be thought of as the short term floor in the market. Because of this, a continued “buy on the dips” strategy will probably tend to work out better than anything else at this point. I would expect a lot of noise but at the end of the day, this is a bullish market for reason. The ¥167.50 level underneath is significant support, and then of course the 50-Day EMA is racing toward that area as well. With that being the case, the market is likely to continue to see the upward pressure over, everything. Alternatively, the market then opens up the possibility of the pair being a one-way trade, just as we have seen for some time. The market continues to be a situation where we will find plenty of opportunities on pullbacks, and therefore if you are cautious and wait for value in the British pound, it’s very likely that you will have a trade set up rather quickly.
Long
by DaveBrascoFX
3
GBPJPY Trade SETUP H4GBP/JPY closed at 182.66. Regarding its resistance, the first resistance area is around 182.90. If it breaks, GBP/JPY may reach 183.33. You can consider selling GBP/JPY if a candle rejects the resistance area. As for support, the first support level is at 181.88, and there is an upper trendline formed as well. If that trendline breaks, GBP/JPY could drop to 180.47. Therefore, it is important to keep an eye on these levels. I hope your trades will be successful and profitable, by the will of Allah. Disclaimer: The information provided is for educational purposes only and should not be considered as financial advice. Trading involves risks, and decisions should be made based on personal judgment and analysis.
by ShaaniReal
1
#GBPJPY- Multiple opportunities Buy and Sell!-Due to JPY weakness, all the JPY pairs have been overvalued and none of them had any strong pullback. What we are expecting and seeing here is that this strong bullish impulse will continue for another two or three weeks or up until NFP news comes out. Investors are clearly dumping JPY due to DXY is more suitable option at current market condition. If STRONG NFP DATA comes out then we may see another strong bullish impulse leading GBPJPY to 179.00-181.00 region. -There are two opportunities here, first is to buy when we have minor pullback, this 'buy opportunity' in itself will be 400-500 pips move. Secondly if we misses out on buying then we will have 1000-2000 swing selling opportunity. -Please Like and Follow for more.
by Setupsfx_
50
GBPJPY: BOE Gov Bailey SpeaksFundamental technical analysis: Based on the fibonacci retracement analysis, the current price correction is expected to reach the range of 0.618 to 0.5. This correction is aimed at providing liquidity for the upcoming price surge. Moreover, the RSI and EMA indicators suggest that the upward trend is likely to continue. Market observation: Earlier today, Jonathan Haskel, a policymaker at the Bank of England (BoE), made comments that supported the Pound Sterling. In an article published in The Scotsman newspaper, Haskel stated that it is crucial to continue to combat the risks of inflation momentum, and that interest rates may need to rise further. On Tuesday, the UK's Office for National Statistics is expected to release labor market data. Average Earnings Excluding Bonus, which measures annual wage inflation, is predicted to increase to 6.9% in April from 6.7% in March. The markets have fully priced in a 25 basis points (bps) Bank of England rate hike at the next policy meeting on June 22. Therefore, if there is a low wage inflation, it may be difficult for the Pound Sterling to maintain its lead over other currencies, while the positive effect of a stronger-than-expected reading on the currency may be short-lived.
Long
by Sphyn-Trader
1
GBPJPY: New move of investors!Fundamental analysis According to the EMA 34, 89, and 200 indicators, the market is currently on an upward trend and is following the price line. It is highly likely that the price may retest the slightly increasing sideways price zone or test the resistance area. Market overview before news In addition to the unexpected upturn in mortgage activity, investors should also look for a sustained rise in inflation. These reports pressure the Bank of England to tighten monetary policy. And this is good news for the British Pound, where interest rates and bond yields are lower than in the US.
Long
by Sphyn-Trader
3
GBPJPY: JAPANESE DEFINITION!Technical analysis: The current trend for GBPJPY is still on the rise as indicated by the price line. The RSI shows an imbalance but doesn't indicate an oversold situation. The 2 EMAs are also providing support to the uptrend. In summary, it can be expected that GBPJPY will continue to increase in the upcoming days. Market overview: Monetary authorities in Japan have suggested that the yen may experience renewed pressure after a three-month period of easing. Despite the Bank of Japan maintaining its existing policies, the yen is at risk of being negatively affected by an intensified interest rate differential game. This game is expected to be more aggressive than last year, as yield spreads between Japan and the US have widened for both short and long-term yields. Japan can use the current higher interest rate environment to competitively devalue its currency to support national exporters. This is an opportunity that was missed during the previous decade, when interest rates were at zero.
Long
by Sphyn-Trader
2
GBPJPYInvestors are shrugging off the underwhelming release of the US ISM Services PMI from Monday. This has led to a boost in the US Dollar, which is now supporting the USD/JPY pair. The rise in the US Treasury bond yields has contributed to the intraday uptick in the USD. However, this rise is likely to be limited due to the Federal Reserve's policy tightening cycle. The market is pricing in a higher chance that interest rates will remain unchanged at the end of the two-day policy meeting on June 14. This may prevent the USD bulls from taking aggressive bets. Additionally, the Japanese authorities may intervene in the markets, which would limit any meaningful appreciation for the USD/JPY pair. The cautious mood around the equity markets could benefit the JPY's relative safe-haven status. The Bank of Japan's (BoJ) more dovish stance may continue to undermine the JPY, which would limit the downside for the USD/JPY pair. There is no relevant macro data from the US, so it is wise to be cautious for aggressive traders.
Short
by Sphyn-Trader
GBPJPY BUYHello, analysis of the GBP/JPY pair. There is a high probability of going up. With an upward flag. And break the bearish flag. The price is now in a very important area where there is a strong resistance from which the price bounced several times. The price is now trying to break it. to rise to the level of 168,000 .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Long
by inv_market09
2
GBPJPY: best entry?GBP/JPY (British Pound - Japanese Yen) is the forex ticker that tells traders how many Japanese Yen are needed to buy a British Pound. The Pound is the fourth most traded currency in the world, while the Japanese Yen is third, according to the Bank for International Settlements (2016). Use the GBP/JPY chart to follow its live rate and to assist your technical analysis when trading this pair. For the latest GBP/JPY news and Pound - Yen forecast, follow our expert articles.
Long
by Sphyn-Trader
8
20 Reason for sell GBPJPY🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1.✨Eagle Eye: Although the overall structure is bearish, the market is currently in a consolidation phase, indicating a potential shift in momentum. 2.📆Monthly: The market is currently in a bearish to sideways phase. However, there are signs of a change in character, with a shift from sideways to bullish sentiment. 3.📅Weekly: The trend is bullish, and there is a double top formation. We need to wait for a breakout or, alternatively, if the price forms a bearish structure on the 4-hour timeframe, we may consider selling. 4.🕛Daily: The swing is almost complete, and there is also a weekly double top formation. There is a high chance that the market may undergo a deep correction before continuing the next bullish swing. 😇7 Dimension Analysis 🟢 Analysis Time Frame: D1 Price Structure: The overall structure is bullish, with the swing almost completed. Pattern Candle Chart: There is a triple top formation with a hanging man candle, indicating a potential reversal. Volume: There is heightened volume at the top, suggesting a potential exhaustion of buying pressure. Momentum UNCONVENTIONAL RSI: Bearish divergence is observed, indicating a potential weakening of bullish momentum. Volatility Measure Bollinger Bands: The "M" pattern's last leg is forming, which could lead to increased volatility. Strength ADX: The ADX line is below the weakness level in an uptrend, indicating a potential loss of bullish strength. Sentiment ROC: Check the rate of change for further insights. ✔️ Entry Time Frame: H1 12. Entry TF Structure: The structure on the H1 timeframe is bullish, with a completed swing and resistance levels from higher timeframes. Entry Move: Look for a corrective move before entering. Support Resistance Base: Consider the resistance levels on the weekly, daily, and H4 timeframes. FIB or Trendline: The trigger event has already occurred, and the trendline has been broken. ☑️ Final Comments: Sell position is recommended at this point. 16. 💡Decision: Sell 🚀Entry: 171.693 ✋Stop Loss: 172.521 🎯Take Profit: 165.373 😊Risk-to-Reward Ratio: 1 to 7 🕛 Expected Duration: 30 days
Short
by Optimum369
2