About British Pound / Japanese Yen
The British Pound (GBP) vs. the Japanese Yen (JPY) is a highly volatile pair. JPY is often used as a funding currency of a trade because it’s historically a low yielding currency. Since UK is one of the larger economies in Europe, the GBPJPY pair can be considered as a proxy for worldwide economic health. On the other hand, this pair performs like a representer for market 'risk-off' moves as the carry trade gets reversed. As a result, GBPJPY is able to develop strong trends that exceed thousands of pips.
GBPJPY 4 H SELL hi, i have plan to short there are 2 possible are there, this 1st possibility to sell, let see what happens
GBPJPY MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest yo
GBPJPY BUY SETUPReasons to Take Trade
4Hr Imbalance Filled
50% of FIB Mitigated
Hidden OB Mitigated
Stop Hunt and QML Present
Please do your own research before entering the trade
GBP/JPY FOREX W PATTERN The W pattern, also known as a double bottom, is a bullish reversal pattern in technical analysis. It indicates a potential shift from a downtrend to an uptrend. Here’s a breakdown of the W pattern:
Formation: The pattern resembles the letter “W” and consists of two consecutive lows (bottoms) separ
GBPJPY SHOWING A GOOD UP MOVE WITH 1:5 RISK REWARD GBPJPY SHOWING A GOOD D
UP MOVE WITH 1:5 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the mark
GBPJPY - 29/09/2024All time frames are uptrend.
Currently market at resistance and yesterday day candle showing small selling pressure.
So Go for buy/sell at marked levels with confirmations.
Risk: Medium/Low risk entries.
GBPJPY ShortPrice is rejecting a previous lower high in the daily timeframe. It is a basic double top setup and Price should go and retest the neckline and might even break it
GBPJPY - 24/09/2024W, D, 4H and 1H timeframes clearly showing strong uptrend.
So far no selling signal.
So be a strong buyer.
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Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current rate of GBPJPY is 197.590 JPY — it has decreased by −0.18% in the past 24 hours. See more of GBPJPY rate dynamics on the detailed chart.
The value of the GBPJPY pair is quoted as 1 GBP per x JPY. For example, if the pair is trading at 1.50, it means it takes 1.5 JPY to buy 1 GBP.
The term volatility describes the risk related to the changes in an asset's value. GBPJPY has the volatility rating of 0.83%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The GBPJPY showed a 1.08% rise over the past week, the month change is a 2.08% rise, and over the last year it has increased by 6.53%. Track live rate changes on the GBPJPY chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
GBPJPY is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade GBPJPY right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with GBPJPY technical analysis. The technical rating for the pair is buy today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the GBPJPY shows the buy signal, and 1 month rating is buy. See more of GBPJPY technicals for a more comprehensive analysis.