GBP/JPY - British Pound Japanese Yen

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JPY
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200.68
+0.09(+0.04%)
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GBP/JPY Discussions

New target below just a little bit🇬🇧🇯🇵🇬🇧🇬🇧🎯
Where is that TG bro?
I set my TP at 201.7
Strange move for the JPY, not surprising, I think waiting the BOJ decision will be smart.
Shorts lost all their money, still waiting to decide
Got 90 pips on 15 lots not bad for the day
Might test 201.90 R today
I thought for a second it was going to hit 202
Buy dip and hold 🚀🔥
Exiting all my shorts, waiting US opening
Big Short
If below 200.2
Sold @201.1, running 60pips i won’t be greedy i’ll close some and let the rest running with BE
Lets see if this is really crashing down or just some pullback before up
Retracement projecting 199.20 low of the day nd expect it to go down tmor after boj afta dat place buys don't sell rest of the month its on an upwards movement
We will go towards 204 high for the month and July 208-209 max afta dat sell with yr hearts content make money both ways ppl
There is no harm in hedging yr position if u mathematical get it right all the banks hedge funds do it they don't place stops they play on both sides of the markets do it correctly nd u will for sure b a successful trader
thankiu for sharing
After the Fed conference yesterday, BOJ have no choice, they will hike rate for sure, in the next 16 hours, this will go only one direction depending on how market expect the BOJ reaction. Remember Japanese always make surprises, if they didn't take action then this will go 250 so easy.
R youll smoking something if its dat good plz tell me so I can get some 250 u gotta b serious right dude
Reminds me of the mid 2000s. The price was hovering around 200 for a while in 2005. Some traders I knew were projecting 220 even 250, lo and behold, it actually got there in 2007, although the global situation was very different back then... So I highly doubt it will go so high now, perhaps 210..
Thank u uncle
0.5% of the weekly upward range completed we can now go down until tmor ppl who want to sell can open position now it's kinda safe to say we can see come movement down today
Sold another 15 lot at 201.31;)
can hold sir at 201.284
I hate this pair UJ way better than this shit pair
power always fly
why are people getting paid swaps ? broker charges me in both by or sell ?
Why are ppl complaining, this pair is the greatest thing that ever happen to the forex market, BOJ interest rate is at 0.10% and they are looking to raise it to 0.20%, does anyone in their right mind think that will have any effect? Compare that with BOE and the FED above 5% and are keeping rates higher for longer, and to make things better, u get paid swaps for holding longs! when the direction is obvious like USDTRY u pay huge swaps holding longs but with this pair they pay u to hold! u just buy the dip and buy more if it falls further and don’t close any positions u opened, it won’t take long before price reverses and goes up again, never fight a central Bank
Google is your friend buddy, just check the price history and stop with the nonsense. This pair was definitely around 250 in mid 2007.
bro i'm talking about what you said that 2005 was this pair above 200 and it was not but in any ways we all know that the boj do whatever they want they can sell it hard and buy it hard so good luck to all of us ;)
I don't know what you're looking at buddy, check your facts. But here is it, I checked to be precise for 2005 from google finance: it was above 200 in february, stayed for a couple months, before dropping to 195. It was up above 200 again by late september and stayed above. So my memory was completely correct...
First thing I do when I wake up is buy gbpjpy, say a prayer thanking God for profits then brush 😁
HahA
Wherever you see this pair just buy and buy and buy trust me. You can’t be in loss for more than few hours. The Japanese can’t do anything😂
Yes, some may did as what you say. but remember this pair can change 500 pips just like that. This is the reason why trader afraid to buy at this high.
doesn’t matter, just hold for a few hours and it’s back in profit.
UJ is around 157.25 it hasn’t even reached 160 yet, when it does imagine where GJ will be, probably around 204, then UJ will be making new highs above 160, maybe 164, that will take GJ to 208
this is the world's greatest crazy pair
Even gold with high demand because of geopolitical tension and inflation has a reversal trend but this pair. It is pure madness.
For all surprise BOJ may cut interrest and back to negative rates this is always possible with current boj officials
🇬🇧🇯🇵🇬🇧🇬🇧 Hit the cell sell zoneNeeds a small stop though.
I'm pretty sure the goal of the BOJ intervention was, primarily, to spook Yen bears. The BOJ/MOF people clearly couldn't have expected to overpower the 'hand' of the market and imagine that prices with respect to all major currencies stay on the level the intervention brought them to, rather, the 'fear' of 'intervention' is in the air, which, I presume, was their goal all along. As long as speculators make sure that a US dollar is kept below 160 Yen, and work their 'magic' on other pairs, it is likely that the BOJ/MOF won't move a finger....
hahahhaa BOJ members and Ueda and Kishida are all useless people. Coz of them Japan had to spent trillions of yens for FX market. All these guys are number one betrayers against their county.
From my point of view, BoJ is smart. They keep the yen low to increase their export that is more important to their economy. They don't need to spend trillions of yens to intervene the market, what they will do is to use verbal intervention. BoJ only needs to speak hawkish, and it will drop all currencies against yen. This is my personal opinion, maybe right or wrong.
Atm there isn't any fundamental that support this kind of move since the start of 2024 yes interest rate differential and carry trade is the reason but no currency has depreciated like this currently the market is in greed mode an economic failure in on the horizon it is a copy paste of 2007 so which not bloomberg nor any other place will report so yes the yen in dat market environment will do well but it's still a couple of quarters away but short term don't sell buy there is still way up to 208
And an intervention isn't happening as boj does look at any yen cross except for usd/jpy and that's still below the 160 which was their level for intervention
There is still alot of pain and stress for retail sellers this isn't the high 203-204 June and 208-209 July
Just take a look into the future and it will b clear 30-31 July fed and boj monetary policy 1st Aug boe monetary policy all he'll will break loose after dat
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