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Gbpjpyshort

GBPJPY Breakout shortGoodmoring to all London session traders! There is a break out on the 15 Min TF, JPY is growing strength since USD is going down a lot of companies and investors are moving their money to JPY since in the long term this will be more viable for them aswel. We might see a downfall of GBPJPY to about 160.700 - 160.040. Please leave a comment in the comment section what your idea on this market is. Lets all stay positive and help eachother out since we're all one TEAM!
Short
by RoyalTradingPRO
GBPJPY ANALYSIS ON H4 CHART.Overall, GBP/JPY is ranging across. Recently, GBP/JPY bounced off the support zone of 153.800. The Japanese Retail Sales y/y data (Actual: 1.4%, Forecast: 2.9%, Previous: 1.9%) released earlier today indicated a slowdown in consumer spending. The Japanese Unemployment Rate data (Forecast: TBA, Previous: 2.8%) will be released tomorrow at 0730 (GMT+8). GBP/JPY’s next support zone is at 153.800 and the next resistance zone is at 156.000. Look for short-term buying opportunities of GBP/JPY.
Long
by charliedavies770
GBPJPY ANALYSIS ON H4 CHART.Overall, GBP/JPY is trending upwards. Recently, GBP/JPY broke the support zone of 156.000. The UK CPI y/y data (Actual: 5.4%, Forecast: 5.2%, Previous: 5.1%) released yesterday indicated that prices in the UK hit the highest level since March 1992, a 30-year high level driven mainly by higher energy prices and supply chain disruptions. During his testimony yesterday, Bank of England Governor Bailey highlighted that there are evidence of a second round of inflation effects. Currently, GBP/JPY is trading towards the resistance zone of 156.000 and the next support zone is at 153.800. Look for short-term selling opportunities of GBP/JPY if it bounces off the resistance zone of 156.000.
Short
by charliedavies770