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Gbpjpydaily

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
GBPJPY: Seller's Opportunity!Fundamental Overview The GBP/JPY pair is nearing its highest point in six months at 172.17 following a break above the consolidation around 171.00 during the Asian session. The Japanese Yen has been affected by the new Bank of Japan Governor Kazuo Ueda's support of an ultra-dovish monetary policy to maintain consistent inflationary pressures above 2%. The BoJ has confirmed unanimously that there will be no alteration to the Yield Curve Control, indicating that an exit from the loose policy is not being considered at this time. Expect this to be a correction before continuing the uptrend Plan trade in the intro ♥
Short
by Sphyn-Trader
2
GBPJPY: Continue the trend!Brace yourself for BOJ's announcement The upcoming decision of the Bank of Japan on interest rates will be closely monitored by the markets, regardless of their expectations. This is because it will be the first such decision made under the leadership of the new Governor Kazuo Ueda. Analysts will carefully analyze the accompanying commentary for any hints on when Ueda may begin tightening monetary policy. The Bank of Japan is likely to provide ample advance notice to the markets, and it is possible that Ueda may make some non-committal comments on Friday. However, he has consistently emphasized his preference for maintaining the current yield curve control in the short to medium term, and is expected to stand by this stance.
Long
by Sphyn-Trader
1
GBPJPY: Continued uptrend after correction!GBPJPY rebounds from 167.50 as bulky UK Inflation supports hawkish BoE bets According to the latest release of UK inflation figures, the headline Consumer Price Index (CPI) has slightly decreased from 10.4% to 10.1%. This decline can be attributed to the drop in energy prices used for heating and electricity. Despite this, investors are not happy with the inflation rate remaining in double digits. Additionally, food prices have reached a new high of 19.1%, the highest in 45 years.
Long
by Sphyn-Trader
8
GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS#GBPJPY - According to the GBPJPY analysis we gave the previous day, the GBPJPY SELL SIDE WAVE was moving very well in the previous days. The reason for that was FUNDAMENTALLY STRONG JP10Y STRONG JPY STRONG causing GBP WEAK. And because the MARKET SENTIMENT is STRONG. XXXJPY has been selling very fast since last week. - JPY has become somewhat STRONG as VIX is slightly UP. Due to this, STOCKS and XXXJPY CURRENCY were slightly SELL. GBPJPY also SELL because of that. But now there is a bit of RISK ON BIAS. Therefore, GJ can be BUY in the future. - Currently GBPJPY LONG TERM can move up to the LEVEL 172.50. Also, according to the GBPJPY STRUCTURE, before BUY, you can move up to the 164.05 SUPPORT LEVEL to the RESISTANCE LEVEL. Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. Currently, the MARKET is somewhat RISK ON. Therefore, XXXJPY will be a BUY in the future. Therefore, pay attention to the CURRENT MARKET SENTIMENT.
by benny_marshall
GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS#GBPJPY - According to the GBPJPY analysis we gave the previous day, the GBPJPY SELL SIDE WAVE was moving very well in the previous days. The reason for that was FUNDAMENTALLY STRONG JP10Y STRONG JPY STRONG causing GBP WEAK. And because the MARKET SENTIMENT is STRONG. XXXJPY has been selling very fast since last week. - JPY has become somewhat STRONG as VIX is slightly UP. Due to this, STOCKS and XXXJPY CURRENCY were slightly SELL. GBPJPY also SELL because of that. But now there is a bit of RISK ON BIAS. Therefore, GJ can be BUY in the future. - Currently, GBPJPY LONG TERM can move up to the LEVEL of 171.000. Also, according to the GBPJPY STRUCTURE, before BUY, you can move up to the 161.60 SUPPORT LEVEL to the RESISTANCE LEVEL. Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. Currently, the MARKET is somewhat RISK ON. Therefore, XXXJPY will be a BUY in the future. Therefore, pay attention to the CURRENT MARKET SENTIMENT.
by benny_marshall
1
GBPJPY- A MASSIVE SELL OPPORTUNITY Dear Traders, hope all of you are doing great, we have 900= pips selling opportunity on GBPJPY, currently we had change of the character and price is bearish since last two days. There are two areas that we are targeting at the moment labelled as 'selling zone 1' and 'selling zone 2'. Remember if you are entering, enter with stop loss not more than 40+ pips which applies to both entries. Good Luck and Please do like and comment! :)
Short
by UnknownUnicorn52780235
16
GBPJPY SELLWelcome . British pound against the yen. in a very negative state. With the price reaching the strong resistance 164.500, with a retest of the area. It also formed a very negative candle on the daily chart. with a downward trend. There is a lot of pressure from the sellers to bring the market down. To 160,000 levels in the first stage. And level 158.000 good luck. 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 for free content. Thank yo
Short
by inv_market09
69
GBPJPY: Bears enter!According to the Bank of Japan's Tankan survey for the first quarter, inflation expectations have increased slightly. Additionally, the Jibun Bank of Japan's manufacturing Purchasing Managers' Index (PMI) has risen from 48.6 to 49.2. At the beginning of the week, cautious markets responded to recent news regarding oil production cuts and the subsequent rise in oil prices. Saudi Arabia, along with other OPEC+ oil producers, has announced additional cuts to oil production, totalling approximately 1.16 million barrels per day. The energy ministry of Saudi Arabia stated that these cuts were made as a precautionary measure to maintain stability in the oil market. As a result, the price of WTI crude oil experienced a notable increase, opening the week with a significant gap and reaching a record high of $81.51 during the first few hours of the Asian session on Monday. Anticipate a further decline in the price.
Short
by Sphyn-Trader
20 Reasons for Buy GBPJPY🔆 MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW ☀️ 1: ✨ Eagle Eye: Although the trend is extremely bearish, the current move is showing a lower high, which may indicate a potential shift towards a bullish trend. 2: 📆 Monthly: There is a clear bullish trend at the monthly level, with consecutive monthly lows being protected. 3: 📅 Weekly: A deep corrective move just finished last week, and this may cause a change in market behavior towards a bullish trend. 4: 🕛 Daily: The intra-day movement is currently sideways, indicating a potential shift towards a bullish trend. Since the big time frame trends are also bullish, we need to change our perspective and wait for a resistance break. 😇 7 Dimension Analysis 🟢 Analysis Time Frame: Daily 5: 1 Price Structure: The price structure is currently sideways to bullish. 6: 2 Candlestick Pattern: The long wick bearish change of guard indicates a potential correction, which we should be prepared for. 7: 3 Volume: The volumes are currently not supporting the bullish trend, which is a little strange. Therefore, we need to be careful with buy entries. 8: 4 Momentum UNCONVENTIONAL Rsi: Resistance is at 60, but the current momentum is sideways. 9: 5 Volatility Measure Bollinger Bands: There was a head fake from the lower band, and the current closing is also indicating a similar scenario. Therefore, we need to wait for a strong confirmation before going with the bull trend. 10: 6 Strength ADX: Compared to last week, the bulls are gaining strength. 11: 7 Sentiment ROC: Last week, the JPY rate of change dramatically decreased, making it the weakest currency for the upcoming sessions. ✔️ Entry Time Frame: H4 12: Entry TF Structure: Bullish 13: Entry Move: We should wait for the correction to end. 14: Support Resistance Base: Daily and H4 areas with FVG (Fibonacci Volume Gradient). 15: FIB: We can use a 15-minute trendline breakout with a Fibonacci trigger event on H4. ☑️ Final Comments: Buy at 15-minute Confirmations 16: 💡 Decision: Buy 17: 🚀 Entry: We can enter at 161, but this is not final, and we need to confirm at the time of entry. 18: ✋ Stop Loss: 158 19: 🎯 Take Profit: 170 20: 😊 Risk to Reward Ratio: 1:3 🕛 Expected Duration: The expected duration for the price to reach the target price is around 3-4 weeks, based on the current market conditions and trends.
Long
by Optimum369
GBPJPY: Upbeat Japan inflation, sluggish yields!During early Friday, the GBP/JPY bulls attacked the previous monthly high and refreshed the multi-day top by picking up bids around 164.80, despite the downbeat expectations of Japan inflation numbers. The latest run-up of the cross-currency pair can be attributed to the optimistic sentiment, even though the yields are still slow. It should be noted that no information has been omitted in this paraphrased text. In March, the Tokyo Consumer Price Index (CPI) increased to 3.3%, which was higher than the expected 2.7%, but lower than the previous month's 3.4%. The Tokyo CPI, excluding food and energy, also rose to 3.4% compared to the previous reading of 3.2% and the market consensus of 3.3%. In February, Japan's Industrial Production growth exceeded estimations with a 4.5% month-on-month increase, compared to the expected 2.7% and the previous -5.3%. Similarly, Retail Trade showed an improvement in February with a 6.6% increase, surpassing the analysts' forecast of 5.8% and the previous reading of 5.0%. However, the unexpected increase in Japan's Unemployment rate from 2.4% to 2.6% in February can be attributed to the recent weakness of the Japanese Yen (JPY). Technical analysis A downward-sloping resistance line from December 13, 2022, near 164.80 by the press time, challenges immediate GBP/JPY upside.
Long
by Sphyn-Trader
2