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Gbpjpytradeidea

GBPJPY SELLING ON DIPS BOJ INTRESET RATES AHEAD !!!HELLO TRADERS I am looking on this chart and its now created a ATH on Daily and Weekly TF & trading in a channel. as we know tomorrow is BANK OF JAPAN interest rates coming out and I hope so it will be good for JPY even they are same as in forecast maybe it can be surprising expected the BOJ to end its negative rate policy, which has set Japan's short-term deposit rate to minus 0.1% over the past seven years, Governor Kazuo Ueda told a newspaper interview earlier this month the BOJ might get enough data by year-end to judge whether it could end negative rates, prompting traders to buy the yen to hedge against a possible earlier-than-expected rate hike. While it has bounced back in the last couple of trading sessions due to some “bargain hunting” amid oversold conditions, the downside may not be done just yet. it's just a trade idea friends share your thoughts with us it helps us all. STAY TUNED for more updates.
Short
by APEX_TRADING_ACADMEY
GBP/JPY Faces Uncertainty Amid Central Bank Policy DecisionsThe GBP/JPY currency pair is currently in a volatile state, influenced by contrasting policy expectations from the Bank of England (BoE) and the Bank of Japan (BoJ). While the BoE is likely to maintain its benchmark interest rate, the BoJ may adjust its yield curve control policy, lending support to the Yen. Technical indicators suggest a bearish outlook for the pair, with key levels to watch around 180.40 and 180.00. Traders are exercising caution, awaiting crucial policy updates from both central banks later this week. A nuanced trading strategy is advised. ANALYSIS: Central Bank Policies: The Bank of England (BoE) is expected to maintain its benchmark interest rate, which has been putting pressure on the GBP. On the other hand, the Bank of Japan (BoJ) is speculated to adjust its yield curve control (YCC) policy, lending some support to the JPY. This divergence in central bank policies suggests a bearish outlook for the GBP/JPY pair. Technical Indicators: The pair has failed to sustain above the 50-day Simple Moving Average (SMA), and oscillators on the daily chart are drifting into negative territory. These technical indicators support a bearish bias. Economic Indicators: Lackluster employment figures and mixed PMIs from the UK, coupled with rising inflation in Japan, add to the bearish sentiment. Market Sentiment: Traders are currently in a holding pattern, awaiting central bank decisions. This cautious sentiment generally favors safe-haven currencies like the JPY over riskier assets like the GBP. Given the current economic indicators, central bank policies, and technical signals, a bearish outlook seems more likely for the GBP/JPY pair in the short to medium term. However, it's crucial to keep an eye on upcoming central bank announcements as they could introduce volatility and potentially invalidate the current setup. Always exercise proper risk management and consult with a financial advisor before executing any trades.
Short
by RichDadph-FX
GBP/JPY Faces Uncertainty: Key Economic Indicators in FocusThe GBP/JPY pair is trading in a sideways pattern, hovering just above the 183.00 level. JPY’s underperformance and the BoJ’s dovish stance are significant factors. On the UK front, the potential pause in interest rate hikes by the BoE due to emerging recession fears, coupled with technical indicators pointing at a potential bearish momentum for the Yen, suggests a possible downward move. TRADE IDEA DETAILS: CURRENCY PAIR: GBP/JPY CURRENT TREND: Sideways with potential bearish undertones. TRADE SIGNAL: SELL 👉ENTRY PRICE: 183.00 ✅TAKE PROFIT: 181.50 ❌STOP LOSS: 183.50 TRADE PLAN: Considering the current fundamentals and technical setup, initiating a SELL trade around the 183.00 mark offers a promising risk-to-reward ratio. Monitor the trade closely, especially during the key data releases and central bank meetings this week, which could cause significant volatility. FINAL THOUGHTS: This trade suggestion leans towards a bearish outlook for GBP/JPY in the short term. It’s crucial to stay updated on any new developments from the BoE and BoJ meetings, as these could shift market sentiments swiftly. Always practice proper risk management.
Short
by RichDadph-FX
1
GBP/JPY Surges Past 20-Day SMA Amid Anticipated BoJ DovishnessThe GBP/JPY pair remains bullish in the short-term perspective as shown by the daily chart. The Relative Strength Index (RSI) has surged past the midpoint, indicating a bullish tilt, and the Moving Average Convergence Divergence (MACD) records subtle red bars, signaling an ebbing selling pressure. The pair is strongly positioned above the 100-day and 200-day SMAs, suggesting that the bulls are in command. Moreover, the dovish bets on the Bank of Japan (BoJ) before next week’s meeting, as well as the strong UK Retail Sales figures, are providing more traction for the bullish sentiment. Place a buy order at 182.60, aiming for a take profit level at 184.00, while keeping a stop loss at 180.00. This plan is based on the current bullish trend, and it is subject to change if major news or market events affect GBP/JPY. TRADE IDEA DETAILS CURRENCY PAIR: GBP/JPY CURRENT TREND: Bullish TRADE SIGNAL: Buy Signal 👉ENTRY PRICE: 182.60 ✅TAKE PROFIT: 184.00 ❌STOP LOSS: 180.00 This trade setup provides an opportunity to benefit from the ongoing bullish sentiment on the GBP/JPY pair. However, as with all trading activities, it's crucial to use risk management techniques and not to invest more than you can afford to lose.
Long
by RichDadph-FX
GBPJPY SELL ON DIPS !As i can see this pair make a fake break out and Thursday it was closed under a resistances when Bexit deal was announced Bexit deal is done but UK is leaving EU which is fundamentally not good for UK economy and we are selling this pair with a a small risk and looking for higher rewards Friend push like and support the idea it will help us and alote of other traders we appreciate ur comments and ur love is a like Follow us for more updates
Short
by APEX_TRADING_ACADMEY
GBPJPY Trade IdeaPrice has been in a down trend as indicated by the lower highs and the descending trend line... After the minor support broke, price moved down then pulled back and tested the 50.0 / 61.8 fibo levels of the bearish move plus printed a sell signal (hanging man) I am shorting at market price 145.396 and SL above highs @ 145.766 and TP lower around support @ 144.151 As usual don't bet the farm, good risk management won't kill you but the lack thereof could :) Follow me in forex Bootcamp using the Telegram link below
Short
by Cmasterza