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Gbpjpyidea

GBPJPY: The uptrend is still there!The US dollar index is struggling to build on Friday's recovery and remains at 100.00. The UK's FTSE 100 index is lower and US stock futures are mixed, indicating a cautious market stance. The sharp decline in Wall Street's major indices after the opening bell may help the USD find demand in case of a lack of high-level data releases. On Wednesday, the UK National Statistics Office will release Consumer Price Index (CPI) data for June. On an annual basis, the CPI is forecast to decline from 8.7% to 8.2%. Market participants may stay on the sidelines and wait for that data before deciding whether GBP/USD has more upside potential or not.
Long
by Sphyn-Trader
6
Update GBPJPY, GJ seems BullishAnother day of trade has begin, we have been consistent with the pair prediction, predicting every move on the chart about this pair, GJ seems bullish as the pair couldn't mitigate the area value at the 182.7 to signal a bear move but rather follow the bull pattern coming down to mitigate the area of value in the 4HR timeframe from yesterday and as the pair remain in the Uptrend we look for the possible opportunity to buy. GJ is still in an Uptrend after retesting and bounce off the 200EMA in the 4HR Timeframe. We keen to the opportunity to sell the pair when the time is due. Bullish Target; 182.6, 183.7, 184.4, 186.2, 188.2 Bearish Target; 180.1, 179.00, 177.6, 176.3 Dont forget to hit the like, share, comment and follow Bottom #Vimhype
Long
by Vimhype
10
Update on GBPJPY Seems Bullish Fantastics as the Pair respected the Resistance zone at 183.799 and drop down to the 4hour trendline which is the 200EMA. after the retest the pair seems to be Bullish but this is confirm when the pair pullback to the 180 area of value and does not break through to the downside. The pullback to that area of value will play a significant role in the Technical analysis for the pair to continue it Bullish run. We are still aware of the bear move that is ongoing and we look to see price go to mitigate the area of value around the 182.88 without pulling back to the 180 zone first then that becomes a confirmation for the bear run. Bullish Target; 181.3, 182.5, 183.6, 184.7,186.3 Bearish Target; 180.2 179.3, 177.5, 176.02. Dont Forget to hit the like, share, comment and Follow Bottom #Vimhype
by Vimhype
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 Setting up for a ShortThis pair has been on my watchlist for the past few days and seeing it has broken through the most recent support level 182.015, I would love to see a retest of same level and then a rejection before I take the position. Here was what I posted some few days back Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
Short
by Mbjoey