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Gbpjpyshort

GBP/USD Maintains Uptrend Above 1.2250 GBP/USD saw an increase from the 20-day SMA to 1.2280 on Monday and is consolidating around 1.2275 in the early Asian trading session, supported by the ongoing weakness of the US Dollar. Attention is shifting towards employment data in the UK and crucial US CPI figures on Tuesday. The currency pair reversed its direction after testing the 1.2200 level, with an upward trending line, the 23.6% retracement of the latest downtrend, and the 200-period Simple Moving Average (SMA) on the 4-hour chart aligning, emphasizing the significance of the support level and the sellers' hesitation. On the upside, GBP/USD faces immediate support at 1.2260 (SMA50) followed by 1.2300 (38.2% Fibonacci retracement) and 1.2340 (static level). Support levels are set at 1.2200, 1.2140 (static), and 1.2100 (psychological level). What are your thoughts on this currency pair?
by Larissa-Trader
1
Two resistance level for GBP/JPYDear traders, GBP/JPY has two resistance which are the key to predict it's future price movements. First, we have a moderate resistance level of 185.90 level. Second, we have another resistance at the 186.70 level. One of these two levels can be a reversal point for GBP/JPY. We need to watch out and observe if there is a bearish price action at either of these levels. A reversal from either of these two levels can lead to a fall to 183.50
Short
by MarcellusLUX
12
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
Forget USDJPY: Time to watch GBPJPY for intervention? The UK’s inflation rate due this week (early early Wednesday morning), and there is a huge projected drop in the reading from last month, from 6.7% to 4.8%. This huge drop leaves a lot of room for disappointment, and higher CPI reading could exert upside pressure on the GBPJPY, which is already at a multi-month high. It is for this reason I bring up the possibility that traders should watch for intervention in this pair, whether direct or indirect. Supporting the possibility of a bullish GBPJPY is the rejection of yesterday's significant downside wick (touching the 50-day moving average on the 1-hour chart). This rejection was followed by a further move to the upside. Further upside will see the pair challenge the three-month high at 186.77 and open the possibility for a correction/ intervention. In the past, ¥185.00 has proven to be somewhat of an anchor point for the pair, but perhaps a more accurate support is now ¥185.50? Don’t forget that US CPI numbers are due this week too, one day before UK numbers hit the market.
by BlackBull_Markets
GBPJPY to find sellers at market?GBPJPY - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Previous resistance located at 185.89. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Preferred trade is to sell into rallies. Although the anticipated move lower is corrective, it does offer ample risk/reward today. We look to Sell at 185.90 (stop at 186.40) Our profit targets will be 184.70 and 184.40 Resistance: 186.75 / 189.15 / 190.40 Support: 184.90 / 183.40 / 182.40 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
2
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
GBP/USD Surpasses 1.2200 Level After UK GDPGBP/USD extends its slide below the 1.2200 level in early US trading. UK GDP data reveals a better-than-expected 0.6% year-on-year growth in the third quarter. However, these figures fail to propel the currency pair as investors await next week's key data for clearer direction. The ascending trendline, the Fibonacci retracement level of the latest downtrend, the 100-period Simple Moving Average (SMA) on the 4-hour chart, and the 200-period SMA collectively form a robust support level at 1.2200. If GBP/USD drops below this level and confirms it as resistance, the next downside targets could be set at 1,2140 (static level) and 1,2100 (static level). On the upside, 1,2250 (SMA 50) is considered a dynamic resistance level ahead of 1,2275 (SMA 20) and 1,2300 (38.2% Fibonacci retracement level).
by Larissa-Trader
The Japanese Yen market is in declineFed Chairman Jerome Powell said at a recent International Monetary Fund research conference that Fed officials are still unsure whether current interest rates are high enough to effectively combat inflation. This suggests further rate hikes may be imminent. Powell said the Fed aims to keep monetary policy tight enough to reduce inflation to 2% over the long term. However, he expressed uncertainty as to whether this goal had been achieved. He also noted that the Fed may be reaching the limits of its ability to ease price pressures by improving the supply of goods, services and labor. Powell's comments widened the S&P 500's decline, with the index down 0.69% in the previous announcement. The yield on the 10-year U.S. Treasury note rose slightly, most recently at 4.638%. The US dollar index also rose 0.41%. Market strategists interpreted Powell's comments based on their potential impact. Vasili Serebryakov, a foreign exchange strategist at UBS in New York, believes Powell's comments do not provide significant new information but are viewed by the market as hawkishell
Short
by AstronautPioneer
GBPJPY - Long after filling the imbalances ✅Hello traders! ‼️ This is my perspective on GBPJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to make a retracement to fill the imbalances lower and then to reject from bullish order block. Fundamental news: Tomorrow will be released monthly GDP on GBP. If the result is negative for GBP, it will support our analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
GBPJPY the recent monetary policy changes by the Japanese yen (JPY), there appears to be a decrease in the strength of momentum in the GBP/JPY currency pair. To gain more confidence in this observation, it is advisable to closely monitor higher timeframes (HTF) for additional confirmations. This means that after Japan's central bank's recent decision regarding its monetary policy, the GBP/JPY exchange rate seems to have lost some of its previous momentum. To make more informed trading decisions, it's a good idea to keep an eye on longer timeframes and look for further signs or indicators that support this trend.
Short
by HUMCRYPTOCLUB
GBPJPY, Short, H1 timeframe, Daytrade, Scalping.Are you ready to make some money? Let’s talk about GBPJPY! 🤑 Our screener has identified that JPY is a relative strong currency in this session, and we’ve found that GBPJPY has broken out of the support zone and is headed towards the downside. But don’t worry, this is just a little and short retracement in the daily uptrend. So, what’s the plan? We could consider the nearest two target levels (184.857 and 184.626), with a stop loss at 185.35 and a sell entry zone between 185.1 to 182.28. With this strategy, you’ll be well on your way to making some serious cash. Good luck! 💰 Thank you for considering my analysis and perspective and if this post was useful to you, don't forget to subscribe and like.
Short
by ICT_Trader_SB