Get started

Gbpjpylong

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
GBPJPY: JAPANESE DEFINITION!Technical analysis: The current trend for GBPJPY is still on the rise as indicated by the price line. The RSI shows an imbalance but doesn't indicate an oversold situation. The 2 EMAs are also providing support to the uptrend. In summary, it can be expected that GBPJPY will continue to increase in the upcoming days. Market overview: Monetary authorities in Japan have suggested that the yen may experience renewed pressure after a three-month period of easing. Despite the Bank of Japan maintaining its existing policies, the yen is at risk of being negatively affected by an intensified interest rate differential game. This game is expected to be more aggressive than last year, as yield spreads between Japan and the US have widened for both short and long-term yields. Japan can use the current higher interest rate environment to competitively devalue its currency to support national exporters. This is an opportunity that was missed during the previous decade, when interest rates were at zero.
Long
by Sphyn-Trader
2
When will GBP/JPY Fall? Best level to sell + 680 PipsDear traders, many GBPJPY Traders are waiting for GBP/JPY to decline. However, GBP/JPY is on a relentless bullish pursuit. That being said, if you look at the daily candles in GBP/JPY, the last 10-12 daily candles indicates exhaustion which means when price finally reverses, the fall would be pretty quick. So, in case you are holding sells or have sold at 175.25, you can expect GBP/JPY to reach 168 when price reverses.
by YourLazyTrader
6
GBP/JPY Maintains Bullish Momentum, Targets Higher LevelsDuring the early stages of the Asian session, the GBP/JPY currency pair experienced a modest retreat towards the 167.00 level, putting an end to its two-day streak of gains. The current exchange rate for GBP/JPY is approximately 167.16, reflecting a decline of 0.16%. Analyzing the price action, the daily chart indicates that the GBP/JPY pair maintains an overall upward bias. However, it encountered a significant resistance barrier around the 168.00 level. Despite registering consecutive days of gains, the failure to extend its rally beyond 168.00 raises concerns of potential downward pressure. Taking these factors into consideration, our analysis suggests a bullish continuation for the GBP/JPY pair, with a target set at 176.500.
Long
by DAY_PROFITS
2
LONG - GBPJPY (D) (28 May 2023)Position Trade - GBPJPY Look for LONGs with caution as price is reaching the Monthly Supply In the Weekly Chart, there is about 600 pips before price reached the Weekly Supply proximal line Hence, in the Daily Chart, - There are 2 potential BUY zones to place trade/s - Traders should decide if the risks are worth it to take 2:1 or less than that since price might retrace back sharply when it is close to HTF Supply zone/s 2x pending BUY limit orders (small lots) were placed on 28 May 2023
Long
by angieh
GBPJPY BUYHello, analysis of the GBP/JPY pair. There is a high probability of going up. With an upward flag. And break the bearish flag. The price is now in a very important area where there is a strong resistance from which the price bounced several times. The price is now trying to break it. to rise to the level of 168,000 .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Long
by inv_market09
2
GBPJPY: best entry?GBP/JPY (British Pound - Japanese Yen) is the forex ticker that tells traders how many Japanese Yen are needed to buy a British Pound. The Pound is the fourth most traded currency in the world, while the Japanese Yen is third, according to the Bank for International Settlements (2016). Use the GBP/JPY chart to follow its live rate and to assist your technical analysis when trading this pair. For the latest GBP/JPY news and Pound - Yen forecast, follow our expert articles.
Long
by Sphyn-Trader
8
Gbpjpy buyGj is has shown a rejection to its trendline and this running candle will be our decision candle to enter it closes above 172.238 then on retest we will enter cz this is going to be a confirmation candle as it seems to be a Marbozo or an Bullish engulfing so we will wait to close this candle and then enter otherwise for sell setup we will wait for price to breakdown to the level of 171.097 then we will consider it as bearish Confluance for bullish trend we have a pretty good wick rejection of previous candle also the forming candle has great volume on H4 also it will be breaking daily resistance level the third cofluance is EMA 200 which shows uptrend We are waiting for closing of current H4 candle to make a decision
Long
by Wakeel_Saab
GbpJpy -> Perfect Market BehaviourHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that GbpJpy is currently retesting a quite obvious previous weekly resistance area at the 172 JPY level which is now turned resistance again. You can also see that as we are speaking, GbpJpy is creating bullish weekly market structure, moving averages are also quite bullish on the weekly timeframe so I am now just waiting for a clear break above the zone, followed by a retest and then I do expect more continuation towards the upside. On the daily timeframe you can see that GbpJpy already rejected the previous resistance area a first time towards the downside, now we are retesting the zone again and there is a higher chance that GbpJpy will break the zone and then I do expect more continuation towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
53