GBP/JPY lacks momentum while making rounds to 182.70-80 during early Wednesday in London, fading the two-day winning streak. In doing so, the cross-currency pair juggles multiple risk catalysts and the fears of the UK’s economic slowdown, as well as mixed central concerns, during the sluggish markets.
The GBP/JPY exchange rate is recovering from recent losses during the early Asian trading session on Friday. The cross trade is currently hovering around 181.62, marking a 0.24% increase for the day. The disparity in monetary policy stances between the Bank of England (BoE) and the Bank of Japan (BoJ) acts as a headwind for GBP/JPY transactions, creating an...
Following the release of ONS data, there was a significant decrease in UK government bond yields as traders adjusted their expectations for future interest rate hikes. Prior to the release, financial markets anticipated a terminal UK Bank Rate surpassing 6%, higher than the current rate of 5%. However, these projections declined to approximately 5.75% during the...
The break of 182.51 resistance affirmed the case that corrective pattern from 183.99 has completed with three waves down to 176.29. Intraday bias stays on the upside for retesting 183.99. Decisive break there will resume larger up trend. On the downside, below 180.85 minor support will turn intraday bias neutral first. Also, outlook will stay bullish as long as...
GBP/JPY is experiencing a bearish pullback within the 183.030 - 183.183 - 183.420 range, signaling a potential decline in the pair. Traders should closely monitor the following technical and fundamental factors to capitalize on this short trading opportunity. Technical Analysis: Bearish Pullback: The recent price action shows a bearish pullback from the 183.420...
The Pound found itself rather unimpressed on the heels of the recent inflation data prints. Speculation abound whether there is one more rate hike left in the BoE, before long? (Likely.) Even so, everything (including the kitchen sink) has already been factored into the Pound crosses thus, any short fall in inflation prints from here on out are likely to have...
The release of new data from the ONS caused a significant drop in UK government bond yields as traders adjusted their expectations for future interest rate increases. Prior to the release, financial markets were anticipating a final UK Bank Rate of over 6%, but these expectations decreased to around 5.75% during the morning, resulting in a sharp decline in UK...
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Hi, according to my analysis of the GBPJPy pair. There is a good selling opportunity. With the pair breaking the triangle pattern. It also broke the strong support at 180,500. All of these indicators point to further decline in the coming days. Good luck to everyone
In the short term, the technical outlook for GBP/JPY remains negative as indicated by the daily chart, which shows the pair declining from its recent multi-year high. The pair has experienced a significant rally of nearly 18% this year due to loose Japanese monetary policy and tightening UK monetary policy. However, there may be a change in the latter as today's...
The US dollar index is struggling to build on Friday's recovery and remains at 100.00. The UK's FTSE 100 index is lower and US stock futures are mixed, indicating a cautious market stance. The sharp decline in Wall Street's major indices after the opening bell may help the USD find demand in case of a lack of high-level data releases. On Wednesday, the UK...
🚨GBPJPY HIGH PROBABILITY SELL / BUY SETUP SOON 🚨 * Here we can see clearly the next potential moves for Pound/Yen in coming hours or days * Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. * Here we can see clearly we can pull MULTIPLE setups from this trade. * I'll take first the SELL trade from EP(SELL),...
Hey everyone, hope you are doing great, in our view GBPJPY is yet to continue the bullish momentum until 192-195. Let’s catch this opportunity. Like and Comment ;)
The GBP/JPY currency pair has experienced its first daily increase in three days following the release of UK inflation data. The data showed that both the UK CPI and Core CPI rose higher than expected in May. The pair has rebounded off of the 100-hour moving average and is currently being favored by positive indicators. With the weekly resistance line acting as...
The annual Consumer Price Index (CPI) is predicted to decrease to 3.1% in June from the previous month's 4%. Likewise, the Core CPI, which is not affected by volatile food and energy prices, is expected to slightly decrease to 5% from 5.3%. Investors are expected to pay attention to the monthly Core CPI reading as it offers a more accurate portrayal of inflation....
The British pound has fallen initially during the trading session on Tuesday, only to test the support level that we have been dealing with for several days now. Ultimately, this market continues to see a lot of back-and-forth, and that makes quite a bit of sense considering that people don’t know what to do with the economy. However, the interest rate...
We can consider GBPJPY for a short position. At the moment I think it is better to wait for a while to have a better view.
I greet you all in the Mighty name of Jesus Christ, currently am seeing GJ buying up TP,183.035 currently it’s safe to enter the trade but if your a-bit hesitant you can enter after a break of that upper zone, there are several Re-tracement levels signifying a move to the upper side, SL 182.443