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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBPJPY View!!On the data necessary for the next rate hike, Ueda told a post-meeting news conference, “It is difficult to specify exactly which data we are referring to, but the overall trajectory has remained on track over the past few months. Based on this, the likelihood of our projections being realized has increased to some extent." "However, before making a decision on the next rate hike, we would like to see one more step forward. This includes sustained wage growth, and specifically, we want to observe the momentum of next year's spring labor negotiations." The governor said the bank’s policy board needs "a little more information" on the momentum in annual wage talks between unions and management at large firms in the early parts of 2025 that will set the tone for overa
Short
by FXBANkthe8055
Chart : GBP/JPY Harmonic Analysis: The GBP/JPY chart clearly shows a "Shark Pattern," with the D point nearing completion at the 197.1 to 197.5 zone. This Shark pattern suggests that if the D point is reached, the market might face a downward move or reversal. Opportunities and Risks: Opportunity: If GBP/JPY reaches 197.1-197.5 (the D point), a reversal to the downside could occur. Risk: If the price breaks above 197.5, the Shark Pattern might fail, leading to further bullish momentum. Recommendation: Wait for GBP/JPY to reach the 197.1-197.5 zone before taking any action. If the market reverses at this level, it could provide a good opportunity to short the market. Conclusion: GBP/JPY: Watch for the Shark Pattern completion (197.1-197.5).
by professionalgoldtrader
GBPJPY H4 | Bearish Continuation?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 195.88, which is a pullback resistance close to a 38.2% Fibonacci retracement. Our take profit will be at 193.26, an overlap support level close to a 50% Fibo The stop loss will be at 197.97, an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM