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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBPJPY ANALYSIS IS READY TO DOWN MUST READ THE CAPTION BELOW The chart provided shows the GBP/JPY (British Pound/Japanese Yen) trading pair on a 4-hour timeframe. Here’s the description and analysis based on the visual elements of the chart: 1. Resistance Level: The red horizontal line around 199.522 indicates a strong resistance level. Price has attempted to break this level multiple times but failed, signaling a potential reversal area. 2. Support Levels: The yellow horizontal lines at 193.975 and 191.522 are key support levels where the price may potentially bounce back after a downtrend. 3. Target Zone: The blue-shaded area labeled Target Zone near 191.522 shows a predicted potential price target for the next bearish movement. 4. Cup and Handle Pattern: A cup-shaped formation is visible on the chart, suggesting a bullish pattern, but the subsequent handle appears to indicate potential bearish consolidation or a rejection at the resistance. 5. Bearish Reversal Expectations: The white arrows indicate anticipated bearish moves from the resistance zone (199.522) toward the support levels and eventually into the target zone. 6. Trend Lines: Blue diagonal trendlines show the earlier bullish trend, but the formation of red arrows hints at a possible trend reversal into bearish territory. Summary: The GBP/JPY pair is currently testing the resistance at 199.522. If it fails to break this level, a downward movement is likely toward the support levels 193.975 and 191.522, with a bearish target around the 191.522 zone. Traders should watch for rejection at resistance and confirm bearish momentum before entering a sell position.
Short
by Mr_Ethan1
GBPJPY is Holding above the Support , All Eyes on BuyingHello 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 ForexMasters2000
GBP/JPY "The Beast" Forex Market Heist Plan on Bullish🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the GBP/JPY "The Beast" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 Be wealthy and safe trade.💪🏆🎉 Entry 📈 : You can enter a Bull trade at any point, however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Using the 30min period, the recent / nearest low or high level. Goal 🎯: 199.000 Scalpers, take note : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release. Fundamental Outlook 📰🗞️ Based on the fundamental analysis, I would conclude that the GBP/JPY (British Pound/Japanese Yen) pair is: Bullish Reasons: Interest rate differential: The Bank of England's (BoE) interest rate (3.50%) is higher than the Bank of Japan's (BoJ) interest rate (0.10%), making the GBP more attractive to investors. Economic growth: The UK's economy is expected to grow at a faster pace than Japan's, driven by the strong labor market and increasing business investment. Brexit uncertainty: The UK's departure from the EU has created uncertainty, but the GBP has been resilient, and the BoE's hawkish stance is expected to support the currency. Japanese economic slowdown: Japan's economy is expected to slow down, driven by the aging population and decreasing labor force, which could lead to a decline in the JPY. Trade balance: The UK's trade balance is expected to remain in deficit, but the GBP is expected to be supported by the strong demand for UK assets, such as government bonds and stocks. However, it's essential to consider the following risks: Global economic slowdown: A slowdown in global economic growth could reduce demand for the GBP and drive down prices. BoJ's monetary policy: The BoJ's dovish stance and potential monetary policy easing could support the JPY and drive down the GBP/JPY pair. Trade tensions: Escalating trade tensions between the UK and EU could negatively impact the GBP and drive down prices. Bullish Scenario: Interest rate differential, economic growth, and Brexit uncertainty support the GBP Japanese economic slowdown and trade balance support the bullish case Key Fundamental Indicators: UK GDP growth: 1.5% (2023 estimate) Japan GDP growth: 0.5% (2023 estimate) BoE interest rate: 3.50% BoJ interest rate: 0.10% UK trade balance: -£10 billion (2023 estimate) Japan trade balance: ¥500 billion (2023 estimate) Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
Long
by Thief_Trader
GBPJPY BSL SWEEP As you see on GBPJPY on the timeframe H4 price already formed Buy side liquidity swept (BSL) and market structure shift (MSS). After that price pullback to the H4 BB+FVG zone. Then M15 makes a confirmation with a BSL sweep and MSS followed by M30 and H1 also make a BSL sweep. These are multi timeframe confirmations and I will enter a short position when the price pullback to the H1 BB+FVG+OB zone and target the nearest SSL for the take profit. That’s all and good luck!
Short
by DaddyNaz
GBPJPY The GBP/JPY pair has shown rejection near the strong resistance zone around 198.50-199.20. The price has formed a potential double-top pattern, indicating bearish pressure. A decline is anticipated if the price fails to break above this zone, targeting key support levels below. Signal: Trade Type: Sell Entry Point: Below 198.00 Take Profit Targets: TP1: 196.66 TP2: 196.28 TP3: 195.63 Stop Loss: Above 198.50 This setup aligns with the bearish momentum. Secure profits as targets are achieved. 📉
by FOREXQUEEN_1
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