British Pound Faces Volatility Amid Economic UncertaintyThe British Pound (GBP) is experiencing heightened volatility amidst ongoing economic uncertainty. Factors such as Brexit negotiations, the resurgence of COVID-19, and inflationary pressures are contributing to fluctuations in the value of the pound. Investors are closely monitoring developments in trade negotiations between the UK and the EU, as well as the Bank of England's monetary policy decisions, for clues about the pound's future direction. With global economic conditions remaining uncertain, the British Pound is expected to continue facing volatility in the near term, posing challenges and opportunities for traders and investors alike.
Gbpjpyanalysis
GJ BUYSGJ Had been bearish for a while and had now tapped into main demand zone where I was expecting a reversal but needed a confirmation. Price broke above structure confirming buy bias on 30m and 1h and now looked like it was heading down for retest & retracement.
Upon seeing I was looking for entries @188.200-188.300 with a sl@187.900 (risking 35pipsmax). I also set a buy limit @188.25. Aiming for 1:3; R:R.
TP1: 188.75 TP2: 189.00 TP3: 189.47
* Where has the market moved since I entered my trade? Slight profits
* If I looked at the market now, would I take the same trade? yes
* How do I feel about my trade? Optimistic
* What do I like about this trade ? Precise entry
* What do I dis-like about this trade now? taking its time, reversal trades tend to do this
* On a scale of 1 to 10, where would I rate this Trade now? 7/10
* If I were not in a trade now, would I take the opposite trade ? no
GBP/JPY +80 Pips 0 Drawdown , Interesting Entry To Get 200 PipsThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
What BOJ Policy might do to the GBP/JPY?GBP/JPY is on a relentless uptrend fueled by ultra-low interest rates in Japan.
On Friday, The Bank of Japan (BoJ) Governor Kazuo Ueda stated that it was too early to declare victory on inflation. On the other hand, the currently prevailing technical recession in Japan could lead to BoJ delaying its plan to tighten the monetary policy. All these factors are weighing
negatively on the Japanese Yen.
However, certain reports coming out of Japan suggest that the Government is planning
an official end to the deflation. So, if BoJ signals a shift in their ultra-loose monetary Policy,
JPY could gain strength.
Technically, the area around 191 could offer some resistance. So, in case of further bearish
price action near 191, we can consider sell entries.
GBPJPY Analyisi On Weekly ChartGBPJPY: Navigating the Ranging Channel for Profit
The GBPJPY pair has been trading within a well-defined ranging channel on the weekly chart, presenting opportunities for both bullish and bearish plays within the boundaries of the channel.
Key Observations:
Defined Range: The channel is characterized by parallel horizontal lines acting as support and resistance.
Price Action: The pair has been oscillating between these levels, creating predictable entry and exit points.
Volume: Look for volume confirmation when the price approaches either boundary to validate the range.
Trade Strategy:
Bullish Scenario: Consider a long position near the support level with a stop loss just below it.
Bearish Scenario: Conversely, a short position near the resistance level with a stop loss just above it could be profitable.
Take Profit: Set take profit targets within the range, respecting the historical price movements within the channel.
Risk Management:
Adjustments: Be prepared to adjust your strategy if the price breaks out of the channel, as this could signal a new trend.
News Impact: Keep an eye on economic news and events that could cause increased volatility and potential breakouts.
Trade ideas are speculative and should be used in conjunction with a comprehensive trading strategy and risk management.
This trade idea is based on the ranging channel pattern, which indicates that the price is likely to continue moving within the established boundaries until a breakout occurs. Monitor the pair closely for signs of a breakout which could indicate a new trend. Happy trading!
GBPJPY H1 / Long Entry Confirmation ✅Hello Traders!
This is my idea related to GBPJPY H1. I see a confirmation for a long entry after the retracement until the price of 189.700. It reacted perfectly from the OB H1 and I expect to see a bullish move until the price of 190.600.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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GBPJPY (H4 ) Price Is Ready To Fly 🎖️🎖️traders GBPJPY price is ready to fly
My dear subscribers
My technical analysis is for GBPJPY below
The price is coming around a solid key
Level 189.500
Frist Target zone 195.500
2nd Target zone 200.000
Bis_ Bullish
Technical indicators Pivot point low
anticipates a potential price reversal
Super trend shows a clear buy giving a
Perfect indicators convergence perfect
Indicators convergence
If this post is useful to you
you can support me with like
boost and advice in comments
GBPJPY: Heading towards 192.00 region! GBPJPY made a small correction, price rejected at key level and since then it has been bullish, we can expect price to hit 192.00 as it remain a crucial level to sell. If we looking at the entry criteria we can enter now with 100 pips stop loss and 500 pips tp.
Today GBP/JPY target is really 188.400? Let's check the analysis📣 Hello Mates!
We can see GBP/JPY is currently running sideways with no clear direction. However, our prediction is that GBP/JPY will go for a sell and reach our targets of 188.980 and 188.400.
We have strong resistance levels at 190.100 and 191.350, along with strong support at 188.900 and 188.400. Although 188.960 is also a strong support level, we believe GBP/JPY will reach our targets of 188.980 and 188.400.
🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio.
📈 Our Resistance Levels are spotted at:
- 190.100
- 191.350
📉 And our Support Levels are set at:
- 188.960
- 188.400
Stay tuned for further updates and trade smartly! 📊
🎯Gbpjpy price is ready (Read the caption)Hi trader
Gbpjpy price trend to continue fly during
The season
It is expected that price will continue in
The buy trend and can approach the
Price range of 189.471
Note:
Always wish you to manage your capital safe
Take small lots of which suits your capital
The winner is the one who sticks with the market
Give us like and support
GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY - Potential short ✅Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, as price started to form lower lows and lower highs, so I look for a short. I want price to continue the retracement to fill the imbalance and then to reject from bearish order block + institutional big figure 190.000.
Like, comment and subscribe to be in touch with my content!
GJ BUYGJ Head dropped a good +200 pips and now tapped into a main daily demand zone at 188.35 where I was looking for reversal formation. Reversal formation was formed at 9.30 once 30mins candle broke below Doji but then closed as a Bullish engulfing. Price also Broke structure to the upside .
Upon seeing I set a Buy limit order @188.500 and was waiting for Pre-Ny or NY for this. Stop loss @ 188.200 (risking 30pips).
TP1: 189.00. TP2:189.35 TP3: 189.85
* Where has the market moved since I entered my trade? at entry
* If I looked at the market now, would I take the same trade? Yes
* How do I feel about my trade? Optimistic
* What do I like about this trade ? Precise entry
* What do I dis-like about this trade now? Abit Stagnate
* On a scale of 1 to 10, where would I rate this Trade now? 7/10
* If I were not in a trade now, would I take the opposite trade ? no
GBPJPY I Forecast and Yen Fundamental Analysis Welcome back! Let me know your thoughts in the comments!
** GBPJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
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GBPJPY 1H BUY ORDER AT 190.400GBPJPY 1H The pair moved with Acending channel. Already Rebound with support. The best way to use this opportunity is to place a Buy order with,
🗣 BUY ORDER AT 190.400
🗣 TAKE PROFIT 01 190.60
🗣 TAKE PROFIT 02 190.90
🗣 STOP LOSS AT 189.90
The upcoming news will not influence your orders within the mentioned period.
GBPJPYPair : GBPJPY ( British Pound / Japanese Yen )
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame with the Breakout of the Trend Line
RSI - Divergence
Completed " 1234 " Impulsive Waves and Rejection from Fibonacci Level - 38.20%
Bullish Channel as an Correction in Short Time Frame
GBPJPY and USDJPY Analysis TodayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY SELL TRADE GBPJPY SHORT TRADE ANALYSISAs of now, its Already touched their upper level a bit. Now
It will come back after touching a resistance which you can see on this Daily chart.
If we talk about the weekly trend, then the weekly Resistance also touched and now Trend will Change and market will go down as you can see in the chart
GBPJPY You can Short Now From 190.75
And you can set your target 200 to 250 Pips with this Short position
GBP/JPY Made H&S Pattern , Time To Get 250 Pips ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPJPY Technical Analysis and Trade Idea (video)This is a video explaining my previous screenshot
On the higher time frame, the #GBPJPY exhibits a bullish trend with a recent retracement into an equilibrium zone. As we delve into lower timeframes, we want to lookout for specifically, a double bottom setup followed by a break below the previous lows, a robust rally, and subsequently, a higher low formation with retest and fail of a range at support.
However, it’s paramount to acknowledge the inherent risks associated with trading. Always conduct thorough research, considering both fundamental market drivers and the broader macroeconomic landscape, in addition to your technical analysis. Implement sound risk management strategies to safeguard your capital.
Disclaimer: This analysis provides a technical perspective on AAPL and should not be construed as investment advice. Tailor your trading decisions to your specific risk tolerance, informed by comprehensive market research and a holistic assessment of all relevant factors.
GBPJPY Technical Analysis and Trade IdeaOn the higher time frame, the GBPJPY displays a bullish trend with a recent retracement into an equilibrium zone. As we delve into lower timeframes (15m - 5m), we should closely monitor specific price action patterns. Look for signs of a double bottom setup followed by a break below the previous lows. Anticipate a robust rally and subsequently, a higher low formation with a retest and failure of a range at support.
However, it’s paramount to acknowledge the inherent risks associated with trading. Always conduct thorough research, considering both fundamental market drivers and the broader macroeconomic landscape, in addition to your technical analysis. Implement sound risk management strategies to safeguard your capital.
**Disclaimer:**
This analysis provides a technical perspective on GBPJPY and should not be construed as investment advice. Tailor your trading decisions to your specific risk tolerance, informed by comprehensive market research and a holistic assessment of all relevant factors.