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Gbpjpysell

GBPJPY - SHORT; Looking for a Top hereThe Pound found itself rather unimpressed on the heels of the recent inflation data prints. Speculation abound whether there is one more rate hike left in the BoE, before long? (Likely.) Even so, everything (including the kitchen sink) has already been factored into the Pound crosses thus, any short fall in inflation prints from here on out are likely to have severe (down side) consequences! This pair has been quite overextended, already, above 170.00. The EUR/GBP is showing signs of an intermediate bottom, following its recent drop. (Thus, if anything this is the pair to look for Shorts, vs. the EURJPY.) Overall, both pairs EUR/JPY and this one, GBP/JPY are somewhere very close to a (very!) long term top, e.g., both pairs are deserving some unmitigated attention at this point. Looking for Short Entries here Here is the Daily view; ... and here is the EURGBP;
Short
by Nemo_Confidat
21
GBPJPY: Today!The release of new data from the ONS caused a significant drop in UK government bond yields as traders adjusted their expectations for future interest rate increases. Prior to the release, financial markets were anticipating a final UK Bank Rate of over 6%, but these expectations decreased to around 5.75% during the morning, resulting in a sharp decline in UK 2-year Gilt yields, which are sensitive to interest rates. Given the projected decrease in inflation in July, thanks to a lower Ofgem Energy Price Cap, it is possible that the UK has already experienced its highest interest rates.
Short
by Sphyn-Trader
GBPJPY: In the short term, the technical outlook for GBP/JPY remains negative as indicated by the daily chart, which shows the pair declining from its recent multi-year high. The pair has experienced a significant rally of nearly 18% this year due to loose Japanese monetary policy and tightening UK monetary policy. However, there may be a change in the latter as today's inflation data suggests that July's inflation reading will be even lower. This is likely due to the implementation of the Ofgem energy price cap, which has been reduced from £2,500 to £2,074.
Short
by Sphyn-Trader
12
🚨GBPJPY HIGH PROBABILITY SELL / BUY SETUP SOON 🚨🚨GBPJPY HIGH PROBABILITY SELL / BUY SETUP SOON 🚨 * Here we can see clearly the next potential moves for Pound/Yen in coming hours or days * Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. * Here we can see clearly we can pull MULTIPLE setups from this trade. * I'll take first the SELL trade from EP(SELL), till it hit Strong Support Line. * This is positive for sentiment and the uptrend has potential to return. * EP(SELL): 180.893 * TP: 178.818 * No SL provided for this trade. * This is positive for sentiment and the uptrend has potential to return. * After hitting the Support Line it's going to reverse from there, then we can place EP(BUY) from that level. * Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. * This is positive for sentiment and the uptrend has potential to return. * The hourly chart technicals suggests further downside before the uptrend returns. * We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. * EP(BUY): 179.917 * TP: 181.992 * TP1: 182.939 * TP2: 183.827 * SL: 178.102 * Keep your eye close on your trading positions. * Happy pip hunting traders. * FXKILLA *
by FX-PIPHUNTER
4
GBPJPY: Strong volatility!The annual Consumer Price Index (CPI) is predicted to decrease to 3.1% in June from the previous month's 4%. Likewise, the Core CPI, which is not affected by volatile food and energy prices, is expected to slightly decrease to 5% from 5.3%. Investors are expected to pay attention to the monthly Core CPI reading as it offers a more accurate portrayal of inflation. It's projected to increase by 0.3% this month compared to May's 0.4% increase. The recent decline in used car prices has led investors to anticipate a subdued inflation report this week.
Long
by Sphyn-Trader
15