GBPJPY Reduce adjustment, take liquidity, pay attention to the GAP area at the beginning of the week
British Pound / Japanese Yen forum
GBPJPY Reduce adjustment, take liquidity, pay attention to the GAP area at the beginning of the week
GBPJPY incoming free fall
GBPJPY selling 10lots Tp should be 194.50
GBPJPY tommrow maybe sell day
GBPJPY 🤣 196 again … what’s expected 🤣🤣🤣
GBPJPY cautious of longs that gap still has not been closed, could be tomorrow could be next weekGBPJPY News on US CPI coming in 4 minutesGBPJPY welcome 196 again ya 🎉🎊🎉🎊🎉🎊GBPJPY worst trading day
GBPJPY 2/2 Summary of Key Levels
Daily & 4-Hour Support and Resistance
Daily Support: 194.500, 193.000, 192.000
Daily Resistance: 196.500, 197.250, 198.000
4-Hour Support: 195.000, 194.250, 193.800
4-Hour Resistance: 196.000, 196.800, 197.500
Exponential Moving Average (EMA) Levels
Daily EMA 50: 194.750
Daily EMA 100: 194.200
Daily EMA 200: 193.500
Daily EMA 400: 192.750
4-Hour EMA 50: 195.250
4-Hour EMA 100: 195.000
4-Hour EMA 200: 194.500
4-Hour EMA 400: 194.000
Weekly Pivots
Weekly Pivot Point: 195.000
Resistance Levels: 196.000, 197.000
Support Levels: 194.000, 193.000
Daily Pivots
Daily Pivot Point: 195.500
Resistance Levels: 196.500, 197.000
Support Levels: 194.500, 194.000
Fibonacci Retracement Levels
23.6% Level: 192.500
38.2% Level: 194.000
50.0% Level: 195.000
61.8% Level: 196.500
Fundamental Analysis and Upcoming USD News
Looking ahead, traders should stay informed about upcoming economic data releases that could impact the GBPJPY market. Key USD news events to watch for include:
U.S. Consumer Price Index (CPI): Scheduled for release next week, this data will provide insights into inflation trends, which can affect monetary policy decisions by the Federal Reserve.
U.S. Non-Farm Payrolls (NFP): Expected later this month, the NFP report will shed light on employment trends, influencing market sentiment towards the USD.
Federal Reserve Meeting Minutes: The upcoming release of the Fed's minutes will provide insights into the central bank's monetary policy outlook, which can significantly affect the USD.
These events are crucial as they can lead to increased volatility and impact trading strategies for GBPJPY.
Conclusion
In conclusion, the GBPJPY market is currently positioned at a critical juncture, with various technical indicators suggesting potential movements. Traders should remain vigilant, monitoring key levels, and upcoming economic data releases to make informed trading decisions. By utilizing the insights from this analysis, you can better navigate the complexities of the GBPJPY currency pair.