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Gbpjpydaily

GBP/JPY Sell idea from the resistance LevelGBPJPY's strong uptrend has run into a roadblock recently. The level of 190 is proving to be a hard nut to crack for the GJ bulls. Technically, the price has reached the top of the price channel in the GBP/JPY daily chart. Fundamentally, with the interest rates in Japan being so low compared to Britain, the Japanese Yen is inherently weak against the British Pound. So, this needs to be kept in mind too. That being said, if there is bearishness around the 190 level, there is potential to sell GJ@189.50-190 with Stop Loss above 190 and TPs at 187.185 and 181 respectively.
Short
by KaltoireCapital
GBPJPY I Potential intraday long from support Welcome back! Let me know your thoughts in the comments! ** GBPJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
5
GBPJPY Technical Analysis and Trade IdeaGBP/JPY has encountered a significant resistance level on the monthly timeframe. This level has demonstrated a strong history of price rejection. Furthermore, the pair's overextended state, following a sustained bullish run, signals a potential retracement. Trade Strategy: A retracement to the 61.8% Fibonacci level on the 1D could present an optimal entry point for a buy position. Seek confirmation of this setup from a daily timeframe price swing aligning with the Fibonacci level. Implement a stop-loss order below the previous swing low, maintaining a minimum risk-reward ratio of 1:2. Disclaimer: This analysis is for informational purposes and not financial advice. Always conduct your own research and risk assessment before trading.
Long
by fxtraderanthony
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}}.
Long
by Chart_MasterPro
GBPJPY: The Japanese Yen will likely be the most interesting The new governor of the BoJ, Kazuo Ueda, has not made drastic changes in monetary policy as expected, causing the Japanese yen to weaken against the USD in 2023. Positive signs appeared in November when the USD/JPY pair fell and bond yields also fell, raising hopes that the BoJ was about to change policy. The BoJ is expected to make an important policy decision next spring, based on the results of salary negotiations. If the BoJ does not change policy as expected, the yen could continue to struggle in the first half of 2024. Although the BoJ may change policy later, this uncertainty will cause the yen to fluctuate widely in the first half of next year. In short, the prospects of the Japanese yen next year depend largely on the BoJ's decision after the salary negotiations. The lack of certainty could create major volatility in the Japanese currency market.
Short
by Chart_MasterPro
GBPJPY with WillsonnnnThe British pound has rallied during the trading session on Monday, reaching the top of the short-term consolidation region that we have been in. With this being the case, the market is likely to continue seeing more of a “buy on the dip” attitude as the interest rate differential between the 2 economies and currencies is big enough to warrant the “carry trade.” This involves getting paid at the end of every session, and therefore it makes it an attractive investment.
Short
by Willsonnnn
GBPJPY with WillsonnnnThe International Monetary Fund (IMF) has warned that China's weak recovery and the possibility of a prolonged real estate crisis could further impact Asia's economic outlook. The IMF has reduced its growth estimate for Asia in 2024 to 4.2%, down from the 4.4% forecast in April and the 4.6% forecast for this year, according to the Outlook report. World Economy published last month. This highlights the challenges facing Asian economies as they navigate the current economic landscape.
Short
by Willsonnnn
GBPJPY Long Term SELLING 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
Long
by ForexPlanet20
GBPJPY: Price action and potential setupsGBPJPY remains choppy from a price action perspective with higher highs followed up by lower lows. Much like USDJPY both bulls and bears seem to lack conviction at this stage with the descending trendline growing more vulnerable with each retest. As its stands and barring any intervention a break above the trendline is growing more and likely as the 100-day MA provides support to the downside. resting around the 181.774 mark. Key Levels to Keep an Eye On: Support levels: 181.77 180.00 178.33 Resistance levels: 183.00 184.06 186.72
Long
by Sphyn-Trader
1
GBPJPY: Hello traders! The return of Sphyn♦️ Wage pressure in the UK eases, the pound weakens compared to the euro and dollar 🔹 Oil prices stabilized thanks to hopes that the US will ease sanctions on Venezuela ① Oil prices stabilized on Tuesday after falling more than $1 on Monday. US crude oil is currently trading around 86.95 USD/barrel, down about 0.1%. Markets expect the US will ease sanctions on oil-producing Venezuela and Washington is stepping up efforts to prevent the Palestinian-Israeli conflict from escalating. ② Multiple sources said Monday that the Venezuelan government and opposition plan to resume long-stalled negotiations on Tuesday; President Maduro said this would benefit the 2024 election, a move that could prompt Washington to ease sanctions. ③ Oil prices rose sharply last week on concerns that the conflict in the Middle East could widen, with Brent crude prices rising 7.5%, the largest weekly increase since February. ④ US President Biden will visit Israel on Wednesday. Israel is preparing to escalate its offensive against Hamas militants, sparking a humanitarian crisis in Gaza and raising fears of a wider conflict with Iran. ⑤ ANZ Research said in a report on Tuesday, "Risks remain, with Iran's Foreign Minister warning that the war could expand to other fronts and is approaching the inevitable stage ." ⑥ The Biden administration is looking to increase oil flow to the global market to ease high oil prices. But due to a lack of recent investment, it will take some time for Venezuela to actually increase oil production.
Long
by Sphyn-Trader
2