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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

GBPJPY H1 ANALYSISGBP/JPY Analysis: Rising Wedge Pattern Detected A rising wedge pattern has been identified on the GBP/JPY chart, indicating a potential reversal in the upward trend. This pattern suggests that the pair may experience a bearish breakout. Key Levels: - Resistance: 194.774 - Support: 191.500 Recommendation: Caution is advised, as a bearish breakout may occur. Consider short-term sell positions or hedging strategies to mitigate potential losses. Best Wishes Tom 😎
Short
by Tom_Trades_670
GBPJPY BUYS TO 194.600?Trading Plan for GBP BASELINE 🎯 Current short term sentiment bias and upcoming risk events (previous # & consensus expectations) that can impact said sentiment Current Short-Term Sentiment Bias : - The British pound is trading around $1.276, near a one-month high, driven by expectations of a cautious BoE. - Investors are focused on upcoming UK economic data, particularly GDP and manufacturing production for October, which are expected to show modest growth. Upcoming Risk Events : - GDP (MoM) (Oct): Consensus 0.1%, Previous -0.1% - GDP (YoY) (Oct): Consensus 1.6%, Previous 1.0% - Industrial Production (YoY) (Oct): Consensus 0.2%, Previous -1.8% - Industrial Production (MoM) (Oct): Consensus 0.3%, Previous -0.5% - Manufacturing Production (MoM) (Oct): Consensus 0.2%, Previous -1.0% - Manufacturing Production (YoY) (Oct): Consensus 0.9%, Previous -0.7% - Monthly GDP 3M/3M Change (Oct): Consensus 0.2%, Previous 0.1% SURPRISE ⚡ What outcome of the risk event will surprise the markets based on the baseline Positive Data Surprise : - Outcome: If the data beats expectations across the board, it will likely reinforce market expectations of no rate cuts next week. - Market Reaction: Continued pound strength. - Trade Pair: GBP/JPY - The yield spread between UK and Japan bonds suggests potential upside for this pair. Negative Data Surprise : - Outcome: If the data misses expectations, the pound could weaken as investors speculate on a more dovish BoE outlook. - Market Reaction: Pound weakness. - Trade Pair: GBP/NZD - The yield spread between UK and New Zealand bonds favors a downside move in this pair. BIGGER PICTURE 🌐 Does this outcome changes the larger macro-fundamental bias Macro-Fundamental Bias: - Current Expectation: The BoE is expected to hold interest rates steady at 4.75% at its next meeting on December 19. - Future Outlook: Governor Andrew Bailey has hinted at gradual rate cuts starting in 2025, with markets pricing in three 25-basis-point cuts by the end of next year. - Implications: A positive data surprise would support the current expectation of no immediate rate cuts, while a negative surprise could lead to speculation about a more dovish stance from the BoE.
by Midas_Macro
GBPJPY The GBP/JPY pair tells the trader how many Japanese Yen (the quote currency) are needed to purchase one British Dollar (the base currency). It is known to be a “carry currency cross”, that is a cross which is a vehicle for carry trading, a strategy that consists in buying a high yielding currency and funding it with a low yielding currency, similar to the adage "buy low, sell highThis chart informs about the average forecast prices, and also how close (or far apart) sit the numbers from all participants surveyed that week. The bigger a bubble on the chart means more participants targeting a certain price level in that particular time horizon. This distribution also tells if there is unanimity (or disparity) among participants
by KingForex078
Could the price reverse from here?GBP/JPY is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support. Pivot: 193.43 1st Support: 191.15 1st Resistance: 194.64 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
GBPJPY Trendline Breakout , All eyes on BuyingHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
by ForexMasters2000
GBPJPY Potential for LongsPrice is testing the final trend line resistance and has managed to breakout and close above the minor bearish structure on smaller timeframes. We have an inverted H/S formation on the 4H timeframe. There's a good chance price will continue to move higher from here and around the neckline of the inverted H/S price has enough support to bounce should we retest the support below. Entry: 194.00 Targets: 197.50 & 201.10 Stops: 190.50 Risk to reward ratio is 1:2.
Long
by Trader_97
December 11 2024 - Buy Limit Activated GBPJPY TRADEAs I checked one of my favorite pair in forex, I noticed that gbpjpy moving a bullish direction. One thing is certain here I will ride the pullback if supply was introduced in this market aiming for buy limit pending order in important swing low with demand. If you will noticed my chart during london session supply was introduced to mitigate Demand zone with validity. I like to trade demand and supply area with "PROOF". Please check my charts for additional information. RR: 1:4 Intraday (London-New york Session ) ATR: during that time = 10 #wyckoff #supplyand demand
Long
by glyrad
#GBPJPY DAILYGBPJPY Daily Analysis The GBPJPY pair is approaching a significant resistance level on the daily chart, where selling pressure has historically emerged. This zone indicates a potential reversal area, providing an opportunity for a sell position if the price fails to break above the resistance. Technical Outlook: Pattern: Resistance Forecast: Bearish (Sell Opportunity) Entry Strategy: Enter a sell position if the price shows rejection at the resistance level. Traders should monitor for bearish signals such as reversal candlestick patterns (e.g., shooting star or bearish engulfing) or indicators like RSI reflecting overbought conditions. Proper risk management is essential, with stop-loss orders placed above the resistance level and targets set at nearby support zones.
Short
by PIPSFIGHTER
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