The GBP/JPY pair continues its upward trend, despite a slight dip towards the 183.40s level at the time of writing, supported by various factors. The Ichimoku Cloud (Kumo) remains below the price levels, while the crossing of Tenkan-Sen above Kijun-Sen has opened doors for further price appreciation, as observed in Thursday's session.
GBP/JPY takes offers to refresh the intraday low near 183.50 during the first loss-making day in six amid early Monday morning in Asia. In doing so, the cross-currency justifies the market’s sour mood amid a light calendar, as well as ignores the hawkish concerns about the Bank of England.
Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: I expect bearish price action here as we can see that price took out buy stop liquidity and rejected from institutional big figure 184.000. This is a risky short as it is against market structure, but I assume it.
Fundamental analysis: Tomorrow will be released monthly GDP on GBP and if...
Market has been slow in the last few days, a few good moves here and there but generally slow. Hopefully with CPI and Unemployment claims coming out later today, market should pick up. Trade carefully and patiently.
Disclaimer:
All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past...
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.
after taken liqudity of the buyside and change of character we will see a drop of the price we consider Supply zone an entry point
- Trading is probability control your risk management
Good luck
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.
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(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
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.
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...
Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to make a retracement to fiil the imbalance higher and then to reject from bearish order block + institutional big figure 182.000.
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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...
The GBPJPY currency pair is balancing at a very important zone near 184.00. If this important resistance zone is broken, then we can expect 189.9 & 195.86. Otherwise, we will see a big drop down to 172.1 & 155.3.
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.
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...
