BRITISH POUND VS JAPANESE YEN Forum & Chats (TRADENATION:GBPJPY)

King_Maker_FX

2 hours ago

smart money concept (SMC) trading setup. Here's a breakdown of what's depicted:

King_Maker_FX

2 hours ago

Working on it.

jzstyle

3 hours ago

well damn Gj been stuck for almost 24 hours lol

VikingFx-Community

5 hours ago

I buy here and think gbpjpy cross 200$ what do you think please comments

NeomGoldForexVIPSignals

15 hours ago

2/2 Summary of Key Levels

Daily & 4-Hour Support and Resistance

Daily Support Levels: 195.000, 194.500, 194.022
Daily Resistance Levels: 197.500, 198.000, 198.500

4-Hour Support Levels: 196.000, 195.500, 195.250
4-Hour Resistance Levels: 197.200, 197.800, 198.200

Exponential Moving Average (EMA) Levels

Daily EMA Levels:

EMA 50: 196.500
EMA 100: 196.250
EMA 200: 195.800
EMA 400: 195.200

4-Hour EMA Levels:

EMA 50: 197.000
EMA 100: 196.750
EMA 200: 196.300
EMA 400: 195.800

Weekly and Daily Pivots

Weekly Pivots:

Pivot Point: 196.800
Resistance 1: 197.300
Support 1: 196.300

Daily Pivots:

Pivot Point: 197.000
Resistance 1: 197.400
Support 1: 196.600

Fibonacci Retracement Levels

Key Fibonacci Levels:

23.6%: 196.215
38.2%: 195.500
50%: 195.171
61.8%: 194.844

Fundamental Analysis and Upcoming USD News

As we look ahead, several important USD news events could impact the GBPJPY market. Upcoming reports include:

Federal Reserve Interest Rate Decision: Scheduled for next week, this decision will be crucial as it directly influences USD strength. A rate hike could lead to a stronger USD, potentially putting downward pressure on GBPJPY.

U.S. Inflation Data Release: The upcoming Consumer Price Index (CPI) report will provide insights into inflation trends, impacting monetary policy expectations. Higher inflation could prompt the Fed to act more aggressively, affecting currency valuations.

Employment Data: The Non-Farm Payroll (NFP) report, due next month, will shed light on the labor market's health. Strong employment figures typically bolster the USD, which could create volatility in the GBPJPY pair.

Monitoring these events is essential for traders, as they can significantly influence market sentiment and price movements in the GBPJPY currency pair. 📈💼

NeomGoldForexVIPSignals

15 hours ago

1/1 GBPJPY Daily Market Analysis—June 24, 2025

In today’s analysis, we will delve into the GBPJPY currency pair, currently trading at 197.084 USD. This report will provide a detailed examination of the market using various technical indicators, including Fibonacci Retracement Levels, Exponential Moving Averages (EMA), RSI divergence, weekly and daily pivots, Smart Money Concepts (SMC), support and resistance levels, order blocks, and the MACD. By analyzing both daily and 4-hour time frames, we aim to equip traders with valuable insights for making informed decisions.

Market Overview

The GBPJPY currency pair has shown significant volatility recently, with a swing high of 196.320 and a swing low of 194.022. Understanding the current market dynamics is essential for traders looking to capitalize on potential price movements.

Support and Resistance Levels

Daily Time Frame:

Support Levels:

First Support: 195.000
Second Support: 194.500
Third Support: 194.022 (Swing Low)

Resistance Levels:

First Resistance: 197.500
Second Resistance: 198.000
Third Resistance: 198.500

4-Hour Time Frame:

Support Levels:

First Support: 196.000
Second Support: 195.500
Third Support: 195.250

Resistance Levels:

First Resistance: 197.200
Second Resistance: 197.800
Third Resistance: 198.200

Fibonacci Retracement Levels

Using the Fibonacci retracement tool on the daily time frame, we identify key levels based on the recent swing high and swing low:

23.6% Level: 196.215
38.2% Level: 195.500
50% Level: 195.171
61.8% Level: 194.844

These levels serve as potential reversal points where traders can look for buying or selling opportunities.

Exponential Moving Averages (EMA)

Daily Time Frame:

EMA 50: 196.500
EMA 100: 196.250
EMA 200: 195.800
EMA 400: 195.200

4-Hour Time Frame:

EMA 50: 197.000
EMA 100: 196.750
EMA 200: 196.300
EMA 400: 195.800

The EMAs provide insight into the trend direction. In the daily time frame, the price is currently above the EMAs, indicating a bullish trend, while the 4-hour time frame shows mixed signals, with the price fluctuating around the EMA levels.

RSI Divergence

The Relative Strength Index (RSI) on the daily time frame is currently at 65, indicating that the market is approaching overbought conditions. However, a divergence is observed, where the price makes higher highs while the RSI fails to reach new highs. This could signal a potential reversal or correction in the near term.

Order Blocks

Order blocks are significant price levels where institutional buying or selling has occurred. On the daily time frame, a notable order block is identified around 196.000, which aligns with the support level and could act as a strong buying zone. Conversely, the resistance around 198.000 has been tested multiple times, indicating strong selling interest.

MACD Analysis

The MACD indicator shows a bullish crossover on the daily time frame, suggesting upward momentum. The MACD line is above the signal line, reinforcing the bullish outlook. However, traders should monitor for potential bearish divergence if the price continues to rise without corresponding increases in momentum.