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Gbpjpyidea

#GBPJPY- Multiple opportunities Buy and Sell!-Due to JPY weakness, all the JPY pairs have been overvalued and none of them had any strong pullback. What we are expecting and seeing here is that this strong bullish impulse will continue for another two or three weeks or up until NFP news comes out. Investors are clearly dumping JPY due to DXY is more suitable option at current market condition. If STRONG NFP DATA comes out then we may see another strong bullish impulse leading GBPJPY to 179.00-181.00 region. -There are two opportunities here, first is to buy when we have minor pullback, this 'buy opportunity' in itself will be 400-500 pips move. Secondly if we misses out on buying then we will have 1000-2000 swing selling opportunity. -Please Like and Follow for more.
by Setupsfx_
50
GBPJPY: BOE Gov Bailey SpeaksFundamental technical analysis: Based on the fibonacci retracement analysis, the current price correction is expected to reach the range of 0.618 to 0.5. This correction is aimed at providing liquidity for the upcoming price surge. Moreover, the RSI and EMA indicators suggest that the upward trend is likely to continue. Market observation: Earlier today, Jonathan Haskel, a policymaker at the Bank of England (BoE), made comments that supported the Pound Sterling. In an article published in The Scotsman newspaper, Haskel stated that it is crucial to continue to combat the risks of inflation momentum, and that interest rates may need to rise further. On Tuesday, the UK's Office for National Statistics is expected to release labor market data. Average Earnings Excluding Bonus, which measures annual wage inflation, is predicted to increase to 6.9% in April from 6.7% in March. The markets have fully priced in a 25 basis points (bps) Bank of England rate hike at the next policy meeting on June 22. Therefore, if there is a low wage inflation, it may be difficult for the Pound Sterling to maintain its lead over other currencies, while the positive effect of a stronger-than-expected reading on the currency may be short-lived.
Long
by Sphyn-Trader
1
GBPJPY: New move of investors!Fundamental analysis According to the EMA 34, 89, and 200 indicators, the market is currently on an upward trend and is following the price line. It is highly likely that the price may retest the slightly increasing sideways price zone or test the resistance area. Market overview before news In addition to the unexpected upturn in mortgage activity, investors should also look for a sustained rise in inflation. These reports pressure the Bank of England to tighten monetary policy. And this is good news for the British Pound, where interest rates and bond yields are lower than in the US.
Long
by Sphyn-Trader
3
GBPJPYInvestors are shrugging off the underwhelming release of the US ISM Services PMI from Monday. This has led to a boost in the US Dollar, which is now supporting the USD/JPY pair. The rise in the US Treasury bond yields has contributed to the intraday uptick in the USD. However, this rise is likely to be limited due to the Federal Reserve's policy tightening cycle. The market is pricing in a higher chance that interest rates will remain unchanged at the end of the two-day policy meeting on June 14. This may prevent the USD bulls from taking aggressive bets. Additionally, the Japanese authorities may intervene in the markets, which would limit any meaningful appreciation for the USD/JPY pair. The cautious mood around the equity markets could benefit the JPY's relative safe-haven status. The Bank of Japan's (BoJ) more dovish stance may continue to undermine the JPY, which would limit the downside for the USD/JPY pair. There is no relevant macro data from the US, so it is wise to be cautious for aggressive traders.
Short
by Sphyn-Trader