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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBPJPY View!!In its monthly report for August released Thursday by the Cabinet Office, the government said the economy is “recovering at a moderate pace, although there are some areas where it is pausing.” Last month, it said the economy was “recovering at a moderate pace, although it appears to be pausing.” In the April-June quarter, the economy posted a stronger-than-expected rebound after suffering its first contraction in two quarters in January-March, up a preliminary 0.8% on quarter, or an annualized 3.1%, as consumption and business investment picked up after having been hit by suspended output at Toyota group factories over a safety test scandal, Cabinet Office data released this month showed.
Long
by FXBANkthe8055
GBPJPY View!!In its monthly report for August released Thursday by the Cabinet Office, the government said the economy is “recovering at a moderate pace, although there are some areas where it is pausing.” Last month, it said the economy was “recovering at a moderate pace, although it appears to be pausing.” In the April-June quarter, the economy posted a stronger-than-expected rebound after suffering its first contraction in two quarters in January-March, up a preliminary 0.8% on quarter, or an annualized 3.1%, as consumption and business investment picked up after having been hit by suspended output at Toyota group factories over a safety test scandal, Cabinet Office data released this month showed.
Long
by FXBANkthe8055
GBPJPY: 200-SMA again challenges buyers amid sluggish week-startGBPJPY reached a one-month high but then pulled back from the 200-day moving average (SMA) as traders get ready for important news this week, including PMIs and the US jobs report. The US and Canadian Labor Day holidays are allow the cross-currency pair to consolidate the previous weekly gains, especially amid the cautious mood in the market. GBPJPY buyers slowly tighten their grip… Although the 200-SMA has been restricting the GBPJPY pair’s upside momentum since mid-July, a higher low formation in the last fortnight signals that the buyers are gradually winning over. Also, the bullish MACD signals and upbeat RSI conditions add strength to the upside bias. Key technical levels to watch… Given the 200-SMA’s repeated attempts to stall the GBPJPY upside, the buyers are advised to wait for a daily break past the key moving average, around 192.25, to take fresh long positions. Following that, the 50% and 38.2% Fibonacci retracement level of the quote’s December 2023 to July 2024 upside, respectively near 193.30 and 196.75, will lure the bulls. It’s worth noting, however, that a seven-month-old previous support line, close to 199.00, quickly followed by the 200.00 psychological magnet, could test the upside momentum. Meanwhile, a drop below the immediate rising support line at about 190.70 could lead to further declines. Next support levels are around 190.00 and 188.00, with potential further drops to 184.80 and 182.50 before reaching a new yearly low around 180.10. Looking ahead… With the US and Canadian holidays and upcoming key economic data, GBPJPY might stabilize in the short term. However, if the market reacts negatively to the data, the bullish trend could be challenged.
by MTradingGlobal
A ACCENDING TRIANGLE PATTERN SHOWING ON GBPJPY GBPJPY SHOWING A GOOD UP MOVE DUE TO THESE REASON A. its following a ACCENDING TRIANGLE PATTERNn 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 market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Long
by tradergyan01
GBPJPY bulls need validation from 192.00 and Japan dataThe GBPJPY currency pair is making gains as it moves within a two-week upward trend, showing renewed optimism early on Tuesday. This rise supports the bullish trend that started in early August and counters the previous indecision seen last week. Currently, GBPJPY is trading above the 100-day moving average and has broken through a six-week-old downward resistance line, which now acts as support. The steady RSI also adds to the positive outlook. For the bullish trend to continue, GBPJPY needs to break above the upper boundary of the ongoing triangle pattern, near 192.00. If this happens, the next significant hurdle will be the 200-day moving average at 194.55. A break above this could push prices toward the late July high of around 199.50 and possibly even the 200.00 mark. On the downside, key support levels are around 189.80, 188.65 (100-day moving average), and 186.50 (previous resistance line). If GBPJPY falls below 186.50, it could drop to the monthly low of 180.10. Besides technical factors, GBPJPY buyers should also watch for upcoming data releases on Tokyo inflation, Japan's industrial production, unemployment rate, and retail trade this Thursday.
by MTradingGlobal
GBPJPY SHOWING A GOOD UPWARD MOVE WITH 1:10 RISK XAUUSD SHOWING A UPWARD MOVE WITH 1:10 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 market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Long
by tradergyan01
12
GBPJPY SHOWING A GOOD D UP MOVE WITH 1:10 RISK REWARD GBPJPY SHOWING A GOOD D UP MOVE WITH 1:10 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 market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Long
by tradergyan01
GBP/JPY What Is a Bearish Flag Pattern? A bearish flag is a continuation pattern that typically appears during a downtrend. It’s like the market taking a short breather before resuming its downward journey. Picture this: Imagine a flagpole (the initial sharp price drop) followed by a flag (a consolidation phase). The flag forms parallel upper and lower trendlines, creating a neat little flag shape. How Does It Form? Step 1 (Flagpole): The market experiences a rapid decline (panic mode, anyone?). Bears are flexing their muscles, and prices drop steeply. Step 2 (Flag): After the panic settles, we see a sideways movement—a consolidation. This part resembles a flag fluttering in the wind (hence the name). The flag’s upper and lower trendlines run parallel, containing price within a tight range. What Does It Signal? The bearish flag pattern suggests that the bears are merely catching their breath. They’ve pushed prices down, but now they’re pausing before continuing their descent. Traders watch for a potential breakdown below the flag’s support level. If that happens, brace yourself for another leg down! Trading Implications: Entry Point: Consider short positions (betting on further price declines) when the price breaks below the flag’s lower trendline. Stop Loss: Set your stop loss just above the upper trendline of the flag. Target: Measure the height of the flagpole (from the top to the bottom) and project it downward from the point of the breakdown. That gives you a potential target for the next move. Remember the Psychology: The bearish flag reflects a temporary pause in the bearish momentum. It’s like the bears saying, “Hold up, let’s catch our breath before we continue clawing prices down.” Traders who spot this pattern are like keen-eyed detectives, anticipating the next chapter in the price saga. So, keep an eye out for those bearish flags—subtle pauses in the market’s bearish symphony. And remember, even flags need a moment to flutter before the storm! 🌬️🐻
Short
by Faizgazi
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 you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Long
by okako_trading
GBPJPY rebound appears elusive below 200-SMAGBPJPY portrays a corrective bounce off the lowest level in seven months while recovering from a 10-month-old ascending support line. The rebound also takes clues from the oversold RSI (14) line and the market’s consolidation mode after a heavy slump. While the aforementioned clues suggest a continuation of the quote’s further recovery, the bearish MACD signals and the pair’s successful trading below the 200-SMA support of 191.80 keep the sellers hopeful. Even if the buyers manage to cross the 200-SMA hurdle, a previous support line from March 2023, near 194.50 by the press time, will act as the final defense of the bears before giving control to the bulls. On the contrary, rising trend lines from July and October of 2023, close to 182.50 and 180.00 in that order, restrict the short-term downside of the GBPJPY pair. Following that, the December 2023 low of 178.30 and the July 2023 low near 176.30 will entertain the pair sellers. It’s worth noting, however, that the quote’s sustained weakness past 176.30 will make it vulnerable to slump toward the 170.00 psychological magnet. Overall, GBPJPY consolidates the previous heavy fall but the resumption of a bullish trend is far from the table.
by MTradingGlobal
GBPJPY (down trend) (waiting for perfect selling area)(mid term)Go through the analysis carefully, and do trade accordingly. Anup Bias (Mid term) Current price- 199.500 prefect selling zone- 201.500- 202.500 (we have to wait for the price to reach here) "if Price stay below 205.500 then next target is 195.000 and 185.000 -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.
Short
by AnupZiddi
2
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 you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Long
by okako_trading
JAPANESE YEN SENTIMENT ANALYSISGBP/JPY RETAIL TRADER DATA: 27.58% of traders are net-long Short-to-long ratio: 2.63 to 1 Net-long positions: +1.63% daily, +21.43% weekly Net-short positions: +1.45% daily, -13.25% weekly While the contrarian view suggests continued GBP/JPY price increases due to net-short positioning, recent sentiment changes warrant caution. The significant weekly increase in long positions and decrease in short positions may signal a potential downward price reversal, despite the overall net-short market stance.
Short
by FXBANkthe8055