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Gbpjpyshort

When will GBP/JPY Fall? Best level to sell + 680 PipsDear traders, many GBPJPY Traders are waiting for GBP/JPY to decline. However, GBP/JPY is on a relentless bullish pursuit. That being said, if you look at the daily candles in GBP/JPY, the last 10-12 daily candles indicates exhaustion which means when price finally reverses, the fall would be pretty quick. So, in case you are holding sells or have sold at 175.25, you can expect GBP/JPY to reach 168 when price reverses.
by YourLazyTrader
6
Big Move Alert: A 700-1800 Pip Drop Coming - Are You Ready?As you've seen, this currency pair has been steadily rising, and now we've hit the pinnacle of a weekly supply/sell zone dating back to early 2016. It's interesting because this point intersects the 2016 swing high, a level potentially crowded with stops, likely being eyed by significant market players. Price action on the lower timeframes is grinding higher gradually all signs are indicating an enticing sell opportunity with a potential return ranging from 700 to 1800 pips. The initial target would be the recently established demand/buy zone at 168, which I've highlighted with a green line. This zone could very well trigger a bounce-back up towards the current price level. And if this rebound happens at 168, this could pave the way for you to find an attractive rebuy point, propelling this pair upwards towards the monthly supply/sell zone at 185. A clear breakthrough of the current area could essentially clear the path for the currency to climb all the way to 185. As for the current sell idea I am beginning to look for signals in timeframes ranging from 4 to 12 hours using my TRFX indicator and aiming for the 168 zone. As soon as I detect the trigger, I'll provide an update. This setup has an immense potential. If you concur, please express your agreement by liking and sharing this post.
Short
by TheFxAce
9
GBPJPYInvestors are shrugging off the underwhelming release of the US ISM Services PMI from Monday. This has led to a boost in the US Dollar, which is now supporting the USD/JPY pair. The rise in the US Treasury bond yields has contributed to the intraday uptick in the USD. However, this rise is likely to be limited due to the Federal Reserve's policy tightening cycle. The market is pricing in a higher chance that interest rates will remain unchanged at the end of the two-day policy meeting on June 14. This may prevent the USD bulls from taking aggressive bets. Additionally, the Japanese authorities may intervene in the markets, which would limit any meaningful appreciation for the USD/JPY pair. The cautious mood around the equity markets could benefit the JPY's relative safe-haven status. The Bank of Japan's (BoJ) more dovish stance may continue to undermine the JPY, which would limit the downside for the USD/JPY pair. There is no relevant macro data from the US, so it is wise to be cautious for aggressive traders.
Short
by Sphyn-Trader
GBPJPY H4 Ascending Channel ShortHi traders! The current market conditions suggest a potential reversal in the GBP/JPY exchange rate, pointing towards a local downward trend. we are adopting a cautious approach and anticipating a temporary retracement in price before initiating any trades. This strategic decision is in line with our analysis of a channel up pattern and downwards crossing the 100 period WMA on the 60 H1 timeframe, which signals a favorable Short trading opportunity. Have a great trading week ahead!
Short
by TheNomadTraderYT
GBP/JPY Short idea(5/31/2023)Hello Traders It seems the price has completed a bullish 5-wave impulse Elliot wave and right now it is completing wave 5. Also, we have a big weekly resistance between 174.7-175.1 and likely we will see some price actions there, but wait for reversal signs before taking any short positions. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Short
by FortunaInvestments
GBPJPY BUYHello, analysis of the GBP/JPY pair. There is a high probability of going up. With an upward flag. And break the bearish flag. The price is now in a very important area where there is a strong resistance from which the price bounced several times. The price is now trying to break it. to rise to the level of 168,000 .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Long
by inv_market09
2
GBPJPY: best entry?GBP/JPY (British Pound - Japanese Yen) is the forex ticker that tells traders how many Japanese Yen are needed to buy a British Pound. The Pound is the fourth most traded currency in the world, while the Japanese Yen is third, according to the Bank for International Settlements (2016). Use the GBP/JPY chart to follow its live rate and to assist your technical analysis when trading this pair. For the latest GBP/JPY news and Pound - Yen forecast, follow our expert articles.
Long
by Sphyn-Trader
8