GBPJPY Long Term Buying Trading IdeaHello 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 Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Gbpjpyanalysis
GBPJPY I Pullback within the flag and bullish continuation Welcome back! Let me know your thoughts in the comments!
** GBPJPY Analysis - Listen to video!
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Can the Dragon Soar to New Heights Or Plummet Lower? The start of 2024 has been remarkably bullish for this pair, and we're quickly nearing an important resistance point: last year's high at 188.700. Today's higher-than-expected UK CPI figures might just be the push needed to reach this level.
Taking a look at the daily chart, we see that since June last year, this pair has been in a sideways holding pattern. This could be seen as a distribution phase, especially as it's happening within a key monthly SUPPLY/SELL zone, the same one that sparked the massive 2015 sell-off.
My current thinking leans towards a sell idea, as long as last year's high remains unbroken and there isn't a decisive weekly/monthly close above this level.
I'll be on the lookout for SELL signals on the daily charts with my TRFX indicator as we near the 188 mark. This is a straightforward play at the top of a range-bound market, contingent on the right signal.
The aim for this trade idea is the lower end of the range at 179, which could likely trigger another upward bounce. But if the price breaks through the bottom of the range, we could see a plummet all the way down to 170 or even lower.
However, if there's a clear break of last year's high, a move towards the 192 monthly SUPPLY/SELL zone becomes probable, potentially targeting the 2015 high of 195.8.
I believe the best risk/reward scenario lies in selling at the top of the range, OFFCOURSE waiting for the right entry signal , and then setting a stop loss above the range far enough to avoid spikes and stop hunts.
Next week's BOJ meeting, where a shift away from negative rates might be signaled for later this year. But considering the letdowns from last year's meetings, I'm cautiously optimistic – though open to being pleasantly surprised.
With probable rate cuts in the UK sometime this year and a possible end to the BOJ's negative rates, this pair could experience a significant drop.
That's my take on it – I'd love to hear your thoughts.
GBPJPY SELLING ON DIPS BOJ INTRESET RATES AHEAD !!!HELLO TRADERS
I am looking on this chart and its now created a ATH on Daily and Weekly TF & trading in a channel. as we know tomorrow is BANK OF JAPAN interest rates coming out and I hope so it will be good for JPY even they are same as in forecast maybe it can be surprising expected the BOJ to end its negative rate policy, which has set Japan's short-term deposit rate to minus 0.1% over the past seven years, Governor Kazuo Ueda told a newspaper interview earlier this month the BOJ might get enough data by year-end to judge whether it could end negative rates, prompting traders to buy the yen to hedge against a possible earlier-than-expected rate hike.
While it has bounced back in the last couple of trading sessions due to some “bargain hunting” amid oversold conditions, the downside may not be done just yet.
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GBPJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPJPY
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How to Earn Money Online by Shorting JPY Pairs 🚀Sure, I can help you with that. Here is a possible rewrite of your post with more engaging language and emojis, and the key word "earn money online":
Title: How to Earn Money Online by Shorting JPY Pairs 🚀
👋Hey traders, are you looking for a hot tip to boost your profits? Well, you're in luck, because our AI screener has spotted a golden opportunity for you: JPYX is ready to soar like a rocket in the next few days! 🚀
📈JPYX D1 chart shows that it had a Displacement and ChoCh in the first week of December last year, which means it was overbought and due for a correction. And guess what? Last week, it bounced off the support level at 753 and formed another ICT Long setup around 750, where there was a FVG in November last year. This is a clear sign of weakness and exhaustion. 😵
📉We predict that JPYX will soon hit the resistance level at 767.2 and then fall back below 760.8, which is the Buy Zone of JPYX. This is the perfect time to short JPY pairs and earn money online with Swing trading. 💸
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⚠️Disclaimer: Trading forex is risky and you should only trade with money you can afford to lose. We are not responsible for any losses you may incur from following our signals. Always do your own research and analysis before placing any trades.
GbpJpy to rise at 195In December, GbpJpy experienced a corrective phase, typical of JPY pairs in this period (repatriation of capital).
However, after testing the 179 support level three times, the pair reversed course at the beginning of the year, swiftly recovering previous losses and returning to previous highs.
Currently, the pair is undergoing a minor correction following its rise in January. This presents a promising opportunity to participate in the overall bullish trend. A favorable buying range lies between 185.50 and 186.50.
In terms of targets, aiming for the 195 resistance level in the medium term is reasonable.
GBPJPY H1 buy now # Today Confirm Analysis GBP/JPY extends its losses for the second session on Tuesday, edging lower to near 187.40 during the Asian session. The GBP/JPY cross faces a challenge of risk-off sentiment due to the escalated situation in the Middle East, which drives the investors toward the safe-haven Japanese Yen (JPY), which in turn, acts as a headwind for the GBP/JPY pair.
The expectation is that the administration of US President Joe Biden will give the go-ahead for military actions in retaliation to the recent drone attack on a US outpost in Jordan. This attack led to the loss of three US troops and left at least 24 individuals injured.
GBPJPY BUY NOW 186.712
CONFIRM TARGET 188.121
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBP / JPY Long Still in consolidation, but the overall trend is bullish, so am waiting for a break out via a 4h close which will make a Higher High close above the blue line or alternatively I would wait for a rejection from the bottom of structure via a 4h close or a bullish engulfing on the 1h to look for the buy back up to the top of structure
GBPJPY Long Term Buying Trading IdeaHello 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 Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
gbpjpy analysis priceaction. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPJPY - Long for trendline liquidity ✅Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here we have strong support zone around institutional mid figure 187.500, so I expect price to reject one more time for a bullish move to take trendline liquidity.
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Smart Money Concept + 50ema + RSISmart Money Concept:
The term "smart money" refers to the institutional investors, fund managers, or sophisticated traders who are believed to have a deep understanding of the market and make well-informed investment decisions. The concept suggests that following the actions of these experienced and well-capitalized market participants can provide insights into potential market movements.
Exponential Moving Average (EMA):
The Exponential Moving Average is a type of moving average that places a greater weight on more recent data points. It reacts more quickly to price changes compared to the Simple Moving Average (SMA). The +50 EMA specifically refers to the 50-period EMA.
How it works:
If the current price is above the +50 EMA, it is considered a bullish signal.
If the current price is below the +50 EMA, it is considered a bearish signal.
Trading Strategy:
Some traders use crossovers between the price and the +50 EMA as buy or sell signals. For example, a bullish crossover (price crosses above +50 EMA) might be seen as a buying opportunity, while a bearish crossover (price crosses below +50 EMA) might be seen as a selling opportunity.
Relative Strength Index (RSI):
The RSI is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100 and is typically used to identify overbought or oversold conditions in a market.
How it works:
RSI values above 70 are often considered overbought, suggesting a potential reversal or pullback.
RSI values below 30 are often considered oversold, suggesting a potential reversal to the upside.
Trading Strategy:
Traders may use RSI to identify potential trend reversals or confirm the strength of an existing trend.
For example, if the RSI is above 70 and the price is also above the +50 EMA, it might signal an overbought condition, and a potential reversal or pullback could be anticipated.
GBPJPY Long Term Buying Trading IdeaHello 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 Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Yemi_Fx1 | Bearish Setup on GBPJPY The overall structure is an ascending channel which is a reversal pattern in between it is a formation of a continuation pattern 15MIN flag pattern). So my bias on OANDA:GBPJPY is bearish. Anticipating price to test the upper dynamic trendline in conjunction with the resistance zone, then to the nearest support level.
USDJPY and GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY Trade IdeaThe GBPJPY has reached into a notable resistance level, and the present price seems excessively extended, surpassing previous buyside liquidity. Anticipating a potential retracement, there is a potential buying opportunity if the price retraces within the 50% to 61.8% Fibonacci range. Please be aware that the information shared here is solely for educational purposes and should not be construed as financial advice.
GBPJPY: Asian foreign exchange markets fell, the USD was strongeMost Asian currencies were mildly volatile on Friday but headed for weekly losses, while the dollar hovered near a one-month high amid growing doubts that the Federal Reserve will cut interest rates early this year.
The Japanese Yen was hit the hardest due to concerns about higher interest rates for longer and was also the worst performing currency in Asia this week. The yen fell 0.1% on Friday and is forecast to fall 2.3% this week.
Friday's data showed Japan's consumer price index (CPI) inflation fell to its lowest since June 2022 in December, prompting the Bank of Japan to maintain much of its ultra-extreme policy. his moderation at {{ecl -165||next week's meeting}}.