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Gbpjpyshort

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 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 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
Japanese yen pound is on a downward The Japanese yen pound is on a downward trend. The above decision shows that rising global bond yields and sustained high inflation are making it more difficult for the Bank of Japan to maintain its yield curve control policy. As the outlook for the economy and prices remains extremely uncertain, the Bank of Japan will continue to promote accommodative monetary policy. The agency previously updated its inflation forecast for fiscal 2023 and 2024 to 2.8%, the third consecutive period above the central bank's 2% target. Japan adjusts monetary policy, yen depreciates sharply – Photo 1. Bank of Japan Governor Kazuo Ueda: ``Although the situation remains extremely unstable, we have judged that it is appropriate to implement a more flexible yield curve control policy regarding interest rates.Long-term interest rates will adapt to future changes. can be set up in financial markets. Following the decision, the yen plunged against the US dollar as traders focused on the Bank of Japan's commitment to maintain economic stimulus and forecast that inflation would fall below 2% in 2025.
Short
by AstronautPioneer
A moderate pullback may be possible in GBP/JPYDear traders,in my previous GBP/JPY ideas, I advised buying at 180.85 level. If you followed those ideas, you made over 400 pips. At present, GBP/JPY rallied strongly during the NY session on Friday. However, the price looks over-stretched from the EMA. So, there is a possibility of a pullback to 183.60 level. If there is the formation of a couple of bearish candlesticks in the 185 zone, traders can consider selling with 183.60 as a target.
by MarcellusLUX
1
GBP/USD Consolidates Below 1.2200GBP/USD has entered a consolidation phase after testing the resistance at 1.2200. The upward momentum of the British Pound seems to pause, preparing for the Bank of England (BoE) policy announcement on 'Super Thursday.' The Relative Strength Index (RSI) on the 4-hour chart remains near 50, indicating indecision in GBP/USD. The 100-period Simple Moving Average (SMA) forms immediate resistance at 1.2175, followed by 1.2200 (23.6% Fibonacci retracement level of the latest downtrend, SMA 200). A close above this level in the 4-hour timeframe could attract technical buyers and pave the way for an extended recovery towards 1.2260 (psychological level). On the flip side, the initial support lies at 1.2100 (psychological, static level) followed by 1.2050 (recent downtrend low) and 1.2000 (psychological, static level).
by Gwen_Humuna
GBP/JPY Struggles at resistance, time to fall?Dear traders, if you remember, we bought GBP/JPY@180.80 level and hit our profit target at 181.70 level, almost 300 Pips. However, as I had already mentioned earlier, GBP/JPY is struggling at the resistance level. We have multiple bearish candlesticks at the 4H resistance level. This opens up the possibility of looking for sell entries. In my opinion sell entries around 183.70 with target at 182.20 would be valid.
by MarcellusLUX
11
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
2
GBPJPY: The market is worried about Japan's foreign exchange intThe BoJ meeting will start tomorrow morning. This could be the most interesting meeting in recent times if the BoJ announces a change to its YCC policy and this could cause serious volatility in Japanese Yen pairs. After the BoJ meeting, the outlook for USD/JPY is likely to differ significantly ahead of the FOMC meeting. The Fed is expected to keep interest rates unchanged, but the focus will be on the Fed's direction in the near future and the possibility of raising interest rates in December.
Short
by TrategySherpa
GBP/USD Extends Gains Above 1.2150 Level"In the US trading session, GBP/USD rose to its highest level since last Wednesday, surpassing the 1.2170 mark. The pair was supported by a weaker US dollar on Monday, as market participants awaited US employment data, as well as the Fed and BoE meetings. The Relative Strength Index (RSI) on the 4-hour chart remained below 50, and GBP/USD closed the last 4-hour candle below the 20-period Simple Moving Average (SMA), indicating the downtrend is still intact. On the flip side, 1.2075 (a static level) is considered a temporary support before 1.2050 (the recent low) and 1.2000 (a psychological level). The 50-period SMA formed dynamic resistance at 1.2140, ahead of 1.2180 (the 100-period SMA) and 1.2200 (the 23.6% Fibonacci retracement level, and the 200-period SMA).
by Gwen_Humuna
1