With safe haven currencies pulling in the most buyers this week, including the yen and the US dollar, what will happen to the USD/JPY and the GBP/JPY leading up to, and after, the Interest Rate Decision due from the Bank of Japan on Friday?
Markets will likely be watching this decision super closely regardless of their expectation for the BoJ to leave interest...
After the London session open, it was followed by impulsive move upside and then another big move to the downside, taking out the small retailers.
As shown in the last idea, our trade played out well hitting both tp1 and tp2 and almost near to tp3.
Exiting the trade here, as its risky to keep holding. Will be entering again once the market stabilises.
GBPJPY rebounds from 167.50 as bulky UK Inflation supports hawkish BoE bets
According to the latest release of UK inflation figures, the headline Consumer Price Index (CPI) has slightly decreased from 10.4% to 10.1%. This decline can be attributed to the drop in energy prices used for heating and electricity. Despite this, investors are not happy with the...
GJ is getting ready to take a huge dive down towards 150-148, leading into the coming summer. This is offering us a huge swing opportunity of 2,000 PIPS, for those who are patient enough to hold on long term. The 2D TF is attached below.
Selling Confluences:
🚫5 Wave Impulse Move Complete.
🚫Corrective Move Yet to Follow.
🚫Buying Momentum Choppy.
🚫Buying LQ...
GJ is getting ready to take a huge dive down towards 150-148, leading into the coming summer. This is offering us a huge swing opportunity of 2,000 PIPS, for those who are patient enough to hold on long term.
Selling Confluences:
🚫5 Wave Impulse Move Complete.
🚫Corrective Move Yet to Follow.
🚫Buying Momentum Choppy.
🚫Buying LQ Already Taken.
Drop a like/follow...
gbpjpy made a double top and broke the last low
both scenarios are possible
look for only and apply your own money management
patience and discipline always pays
Currently, the GBP/JPY index is experiencing a decline. This index represents the ratio of the British pound (GBP) to one of the Japanese currencies (JPY) and is known as one of the most volatile indices in the forex market.
The reasons that may cause a decline in this index can be economic, political, and global factors. For example, changes in interest rates,...
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 GBPJPY pair resumed forming bullish waves by touching the target at 166.60 due to the continuous positive pressures caused by the major indicators that provide the positive momentum, and the stability of the additional support 164.70.
We expect to renew the bullish attempts to target 167.20 level, while surpassing this obstacle will confirm moving to the...
Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here I expect bearish price action as we could see that price filled the imbalance and rejected from bearish order block + institutional big figure 168.000. There are 2 imbalances lower which I am targeting.
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Hey Traders, hope you are doing alright, we have great selling opportunity, where we can target a major selling reversal zone.
Keep supporting and following so we can publish more ideas
#GBPJPY
- According to the GBPJPY analysis we gave the previous day, the GBPJPY SELL SIDE WAVE was moving very well in the previous days. The reason for that was FUNDAMENTALLY STRONG JP10Y STRONG JPY STRONG causing GBP WEAK. And because the MARKET SENTIMENT is STRONG. XXXJPY has been selling very fast since last week.
- JPY has become somewhat STRONG as VIX...
Pivot point: 166.59
Currently: Resisted at 167.86 and retraced back to 167.43
Reaction: Consolidating at this 165.75 level, its next support zone is 165.34
I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on TradingView~ Wish to receive some feedbacks from you! 😊
Btw you can feel free to use our designed...
Hey Traders!
Undercover Trading LLC
I will be sharing a setup I have been waiting on for weeks here in this space which is GJ, so for the past few weeks GJ has been on a clear downtrend and we have seen it clearly on the daily from November 2022 till date.
Having cleared our bais issue we now look forward to determining where the price will be...
Fundamentals and technicals pointing towards a strong Long on the JPY pairs
Currecny correlations between AUD/JPY, GBP/JPY, EUR/JPY & USD/JPY are all pointing to a reversal soon which further increases the probability of JPY strength and the short to medium term.
Let me know your thoughts.
