Trade Idea: Selling GBPJPY Reasoning: Selling into short term downtrend resistance Entry Level: 170.22 Take Profit Level: 168.02 Stop Loss: 170.74 Risk/Reward: 4.2/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
Japan: High expectations for Q1 GDP, with persistent inflation concerns Japan’s preliminary GDP for Q1 is due on Wednesday and will provide the latest insight into the health of the economy. Bloomberg consensus expects an improvement to 0.8% Q/Q annualized from 0.1% in Q4 when the economy narrowly avoided a recession. While a broader reopening of the economy in...
Hey Traders, in tomorrow's trading session we are monitoring GBPJPY for a selling opportunity around 169.500 zone, GBPJPY was trading in an uptrend and successfully managed to break it out. Currently GBPJPY is in a correction phase in which it is approaching the retrace zone at 169.500 support and resistance zone. Trade safe, Joe.
GBP/JPY SHORT GBP/JPY is currently in a overbought market with the RSI being 82.25 so some kind of retracement is imminent , having also broke out of the Bollinger bands i am certain that GBP/JPY will short here I'm shorting around the 171.700 level with my stop loss just above the low volume node and expect the price the retrace to the previous support level...
Japanese yen strength over time. While the yen underperformed during the global monetary tightening phase, in our view, the currency has scope to outperform later this year. We now believe the BoJ will take advantage of a tactical opportunity to further tweak its policy settings in Q4-2023 to further normalize the government bond market. Such a policy move adds...
Monetary Policy: A Hawkish Stance? The BoE's impending monetary policy decision is a critical factor underpinning Sterling's performance. The analysts' consensus is that the BoE will adopt a hawkish stance, with a 25 basis point hike in the bank rate. This move would bring the bank rate to 4.50%, in line with market expectations. "We expect the BoE to hike...
The GBPJPY pair was rejected on May 2nd on Resistance (1), a level holding since October 31st 2022. The pattern is a Rising Megaphone and the rejection was on its top, indicating a significant downside potential. Trading Plan: 1. Sell on the current market price. Targets: 1. 164.500 (the MA200 (1d)). Tips: 1. RSI (1d) being under its MA line is an early bearish...
Details on chart - looking to see which direction the range breaks out to play that continuation with buys being more prevalent in line with HTF bias
Today's trade on GBPJPY is a SELL. Following yesterday's bearish price action, we may continue to see more selling pressure to our target level of 167.65 level. Using the PIVOT POINTS, our trade entry is at 169.618 level, which is today's main pivot.... for a 4:1 reward to risk. Goodluck! ~Happy Trading, Cheers! 💰
Details on chart - looking to play short term sells after FUD holding more weight in the markets
LOB entry on GBPJPY 15 Mins for a Short position. R:R 2
Details on chart - looking to see an extension in price to retest highs after pullback in price occurred to gather more orders
I recently made a post regarding GBP/JPY sitting at its higher high. The pair will be looking to form a bullish trend now with my 2nd confirmations being from The double top pattern. Draw back from the banks has occurred already and now the trend is about to move in a bullish trend.
Details on chart - looking for more buys ahead of a weaker Yen compared to the Pound
Details on chart - looking to play continued bullish momentum after BOJ rate decision came out as expected making Yen weak
Details on chart - looking for continuation buys above 167 with a break of the intraday range
Details on chart - looking to see some buys back on GJ after deep pullbacks to HTF KL occurred
GBPJPY crossed under the 4hour MA50 for the second time in 4 days. Based on the 4hour RSI, it is similar to the February 28th top inside the long term Channel Up. Sell and target 164.250, potentially a contact with the 4hour MA200. Previous chart: Follow us, like the idea and leave a comment below!!