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Longgbpjpy

Price ready to break up and out of the year W Pattern to 205.66GBP/JPY seems to be one of the favourite Forex pairs when it comes to breakouts in 2025. It's taken 5 MONTHS for a breakout, which we have only gotten as of TODAY. THere are a number of reasons for the upside and the upside to come including: 📉 Reduced Safe-Haven Demand for Yen Improved U.S.-China trade relations have lessened global economic uncertainties, diminishing the appeal of the Japanese Yen as a safe-haven asset. 🔄 Widening UK-Japan Yield Differential The divergence in monetary policies, with the UK maintaining higher interest rates compared to Japan's accommodative stance, has increased the yield differential, attracting investors to the Pound. And let's look at the technicals which are LEADING the analysis. W Formation Price>20 and 200MA Target 205.66 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by Timonrosso
GBP/JPY pick your side - Because this isn't easyI was asked to do an analysis on GBP/JPY And It's like trying to get blood out of a stone. It's premature right now and I just can't see any definitive direction. By intuition, I would say I am more bullish than bearish. There is a Potential Falling Flag and a Potential Cup and Handle forming on it and the price definitely needs to go higher to close above. Then I'll have more leeway for doing a proper analysis. The target I guess is at 205.86 Nature: MPT Price<20 and <200
Long
by Timonrosso
GBPJPY Long - Trade entry explained from recent post We are updating the bullish trade idea we posted on GBPJPY on the 9th September 2020, price came right to this level and started to bounce higher. As we mentioned in the original post, if price dropped to this level we wanted to go down to our lower time frames and look for additional confirmation for a bullish trading opportunity which occurred nicely. As you can see from the 15 Minute chart we have zoomed in on the price action to see more detail and how we would look to enter the trade by being patient and waiting for price show us it could move higher. We saw two bullish price patterns form right at the level, the first one being a bullish 3 drive pattern and right after that a bullish reversal head & shoulders followed. Once the 3 drive pattern completed right at the level we posted previously about, we drew an inner diagonal trend line in pink and waited for this to break as our means for execution in the hope that price would rise. Once we entered the trade our stop loss would go just below the 3rd and final drive low protecting you from having the need for a larger one. On the upside price has already made an intraday high around the 136.23 level allowing a possible 50 pips to manage a profitable trade or giving you the ability for a percentage scale out depending on your trading style.
by DavidVillagra
11
GBPJPY Range Trading Techniques A lot has been said in the past about trading with the trend and of course when the market is trending your probability should increase when doing so. The reality of course that the market spends most of its time in ranges and when this occurs finding trends can be tough. In saying that, trading ranges can sometimes be easier to navigate the price action as the market is made up majority of channels and ranges, so when one is upon us we can grasp the structure of price more clearly. Taking a look at the recent price action on GBPJPY, price had been in a range which is made up of smaller channels in its total structure. Knowing this can be very helpful for when price gets to one extreme or the other, either the highs or the lows to look for clear and concise patterns that can show you price wants to now target the other side of the channel. As you can see from the 15 Minute chart in the last week alone, every time price has fallen it has formed a base at the lows between the 134.00 big figure and 134.15 level. These bases have all created the same bullish pattern which is a 3 drive pattern that can help give us clear information on where price wants to go next. Once each of these patterns complete, all we have to do is be patient and draw an higher inner diagonal trend line and wait for this to break to the upside. By doing this it helps increase the patterns integrity and also can indicated clearly where to enter the market and also you can place a tight stop just under the 3rd and final drive of the pattern.
Education
by DavidVillagra
Breaking out of the wedge BUY $GBPJPYGBPJPY is massively oversold. We expect it to breakout of the wedge and start heading upwards and show some respect for the better than expected CPI news out of Britain today. I think this it is still lingering around because we have the CPI announcements for US tomorrow and that will determine the direction of $USDJPY. However, I think the worst case scenario could be retest of $148 level. Best case scenario will be it continuing the climb with a strong bounce from here. Good luck!
Long
by Jefe