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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBPJPY - Yen will continue its weakness?!The GBPJPY currency pair is above the EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term bullish channel. If the upward movement continues, we can see the supply zone and sell within that zone with the appropriate risk reward. The BRC retail report in the UK indicated that retail sales in October 2024 only grew by 0.3%, a significant drop compared to the 1.7% growth in September. This decline is attributed to consumers’ caution ahead of Black Friday promotions and school half-term holidays, which were delayed compared to usual. Helen Dickinson, CEO of the British Retail Consortium (BRC), stated, “After a strong start in autumn, October sales growth was disappointing. Part of this decline was due to the later timing of school half-term holidays, which reduced sales, but it is expected that November will show better performance.” She also noted that consumer sentiment has been affected by uncertainties surrounding future budgets and rising energy costs. According to the latest Citi/YouGov survey, British households’ inflation expectations for the coming year have reached 3.3%, and long-term household inflation expectations remain at 3.8%. Analysts at Citi Investment Bank suggest that these figures indicate that despite efforts by the Bank of England to curb inflation, public inflation expectations remain high. In Japan, the government has designed a support plan for the country’s semiconductor industry that involves leveraging assets such as its shares in NTT, with the program spanning several years. Instead of direct subsidies, the plan includes a multi-stage approach. Semiconductor equipment manufacturers receive subsidies while moving towards mass production, and once they reach this stage, the government shifts to other forms of support such as private sector investments and financial guarantees, extending this process until around 2030. Sakurai, a former board member of the Bank of Japan (BoJ), announced that the central bank is likely to raise interest rates again in the coming months, with January being a potential timing for this action. The aim is to increase short-term interest rates to 1.5% or 2% by the end of Ueda’s term in early 2028.
Short
by Ali_PSND
GBPJPY "The Guppy" Bank Money Heist Plan on Bullish SideOla! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist GBPJPY "The Guppy" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss 🛑 : Recent Swing Low using 2h timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
Long
by Thief_Trader
GBPJPY NEXT MOVE (expecting a bullish move)(02-10-2024)Go through the analysis carefully, and do trade accordingly. Anup Bias (Mid term) Current price- 191.500 "if Price stay above 189.500, then next target is 193.500 and 196.00 and below that 188.500. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.
by AnupZiddi
3
Head and Shoulders in GBP/JPY: Timing Your Next Move?The GBP/JPY currency pair exhibiting a head and shoulders pattern suggests a potential reversal from bullish to bearish momentum. If you're waiting for the price to confirm this pattern, it's crucial to identify key levels of support and resistance, as well as possible entry and exit points. You can either short now or wait for a potential retest around 194.3; the original target remains unchanged as indicated in my earlier chart. Good luck!
by fortunepivot
Trade Recaps: EURUSD - SHORT, GBPJPY - SHORT, 05/11/2024EU Bias Analysis: Although Price is deeply discounted on the HTF's and the 4H has started trending higher, A shift of 1H structure from a 4H Bearish Order Block presented an opportunity for short positions as price corrected into IRL. Grade: High Risk GJ Bias Analysis: Price is trading at a weekly premium and is establishing a 4H bearish trend after a break to the downside and correction higher, pending a continuation lower. Short entries aligned with the current 1H bearish range and entry confirmation was received after a TBL sweep and 15M distribution lower. Grade: Low Risk
Short
by The_Modern_Day_Trader
GBP/JPY ANALYSIS AND THOUGHTSGBP/JPY 15M - This is another pair I have taken some interest in based on the structure its putting out and how its been playing out over the course of the past few days, you will see I have gone ahead and marked out some areas in price. Price traded into a Supply Zone originally which led price to then break structure to the downside here on the higher timeframes, I have gone ahead and marked that out for you. What we are seeing now is price correcting itself. Price is currently trading back up to set a new Lower High in what I think is going to be new bearish structure. I have marked out an area of relevance I feel price may trade up and into before trading us lower in the market. In order for us to deem a valid entry we want to see price trade up, reject well from the zone breaking structure before pulling back initially and continuing to trade us lower in the market.
Short
by Lukegforex
GbpJpyExploring the GBP/JPY pair, a popular currency combination known for its volatility and responsiveness to global economic events. This pair typically reflects broader economic trends between the UK and Japan, influenced by factors like interest rate changes, geopolitical developments, and economic data releases. I analyze GBP/JPY through a blend of technical and fundamental analysis, considering recent policy adjustments from the Bank of England and the Bank of Japan. My approach highlights key support and resistance levels, potential trade setups, and the impact of risk sentiment on price movements, aiming to capture profitable opportunities while managing risk effectively
Short
by RubenK99
1
GBPJPY, a rebound play is in order.GBPJPY, a fave of traders who value volatility recently corrected significantly to 181 range from the highs of 183. Recent 4H metrics suggests a close fight between bull and bears -- with bulls having a slight edge now from the current range. A new base may have been formed already at this price range with notable net buying activity registered this past couple of days. The pair is currently bouncing off a 0.5 FIB level, a major order block support. Expect some attempt to reverse to the upside in the next coming days. Spotted at 181.30 TAYOR. Safeguard funds always.
Long
by JSAL
3