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British Pound / Japanese Yen

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GBPJPY trade ideas

GBP/JPY May Resume the Bullish TrendGBP/JPY May Resume the Bullish Trend The GBP/JPY pair is breaking out of a bullish triangle pattern, indicating growing bullish momentum. This momentum is largely driven by the dovish tones from the Bank of Japan (BOJ) last week. The market is also speculating about a potential rate cut by the Federal Open Market Committee (FOMC) this month. The FOMC is expected to cut rates by 25 to 50 basis points, which could push USD/JPY higher. It all depends on the rate cut. If this occurs, JPY pairs may rise further However, this is a risky assumption as it is based on market speculation. Targets: 🎯 194.00 🎯 196.00 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
5
GBPJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
GBPJPY - Stars Aligned IF we look at the preceding 2 months for this pair on the Weekly Chart 1. Evening Star - July starts with a bullish candle , followed by a Shooting Star and then a bearish candle. Together these 3 candles form the Evening Star , a bearish reversal pattern. The rest of the month follows through with successive extended range bearish candles. 2. Morning Star - August starts with a large Hammer , testing the 3rd Standard Deviation and cementing the lowest low. Next a bullish candle appears. We now have a formation of the Morning Star, a bullish reversal pattern. The 3rd week in August is closer to a Deviant Dragonfly, also a bullish sign. August ends with a bullish candlestick. On the daily chart we can see the consolidation of later August. Price is respecting 192, and there is compression evident with smaller real bodies. What's next ? Looking for a potential Flat Channel Breakout next week. The target would be a confluence of 1. Supply Zone - 197.50 2. Bollinger Channel Midpoint - 197.00
by Umlingo