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Gbpjpylong

GBP/JPY Rises to new 2023 peakSTRATEGY LONG British Pound Sterling Japanese Yen traded at 171.115 this Friday April 28th, increasing 3.864 or 2.31 percent since the previous trading session. Looking back, over the last four weeks, GBPJPY gained 4.63 percent. Over the last 12 months, its price rose by 4.84 percent. Larger bulls are likely to take a breather in coming sessions as 14-d momentum and RSI are at the border of overbought zone, suggesting that traders may collect some profits from three-day rally which accelerated on Friday. Pullback should offer better buying opportunities, with extended dips expected to find support above 168.00 zone (broken Fibo 76.4% level at / former tops of Apr 19/25) to keep bulls in play. Res: 170.00; 170.95; 172.11; 174.98. Sup: 137.00; 168.36; 168.00; 167.18.
Long
by DaveBrascoFX
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 -> Textbook TradeHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that GbpJpy just retested and rejected a quite obvious previous weekly resistance at the 171.000 JPY level. However you can also see that weekly market structure and moving averages are still very bullish, with last week's candle we broke multiple structure levels towards the upside and we are also currently retesting previous resistance which is now turned support so I simply do expect more continuation towards the upside from here. On the daily timeframe you can see the exact same setup, we just recently broke above a major daily resistance level at the 168.5 JPY area which is now turned quite strong support, so I am now just waiting for some more bullish confirmation inside of this zone before I then do expect another daily rally towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
28
GBP-JPY| LONG SETUP|POSSIBLE REVERSAL|FALLING WEDGE|ONE HOURGBP-JPY is moving in a bearish direction. It appears that there is a formation of Falling Wedge Reversal Pattern as well as presence of the Divergence. In this case, this Forex instrument can take a possible reversal from its current price position. Therefore, a long trade setup is suggested in this chart in case of breakout from the Lower High mentioned in the chart. Risk must be taken up to 2% of the total portfolio.
Long
by haroonsiddiki
GBPJPY 1H 02/05/2023 Currently, on the one-hour timeframe, we are in a bullish range that extends from 168.713 to 172.094, with the latter being the liquidity point of the current range. We can look for a bullish reaction once the price reaches our potential area of interest between 169.387 and 168.729. Alternatively, if the price shows a marked downward movement, we could look for reactions to the upside at the second area of interest, which is between 167.368 and 166.431. However, if it reaches this zone with a double structure break, we could expect that the zone would be liquidated.
Long
by mdr300896
GBPJPY 4H 02/05/2023 Currently, in the 4-hour timeframe, we are in an uptrend range ranging from 165.422 to 172.328, with the latter being the liquidity point of the current range. We can also see that the price has left us two demand zones of interest in the areas of 167.388 to 166.431 and another from 165.991 to 165.648. When the price touches these areas, we can look for a reaction in favor of the main trend as long as we see how the price reached these zones. Alternatively, we can decrease the timeframe to follow the ranges that are being created in favor of the trend.
Long
by mdr300896
GBPJPY 1D 02/05/2023Currently, on the daily timeframe, we are in a bullish range that extends from 165.422 to 172.328, with the latter being the liquidity point of the current range. We can also observe that the price has left an unmitigated zone between 167.341 and 166.431, where we can expect a bullish reaction. Therefore, we can wait for the price to reach this zone to anticipate a possible reaction in favor of the trend, or alternatively, we can go down to lower timeframes to see what new ranges in favor of the trend are forming and can be traded.
Long
by mdr300896
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 - Another short ✅Hello traders! ‼️ This is my perspective on GBPJPY. Technical analysis: On higher timeframe we are in a bearish market structure, that's why I look for shorts. Here I expect bearish price action as price rejected from bearish order block + institutional big figure 167.000. My target is liquidity below equal lows + imbalance. Fundamental analysis: Tomorrow we have news on JPY, will be release Policy Rate and BOJ Press Conference, if the results are positive for JPY, this will support our move. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
5