GBP/JPY

goodafternoon fellow traders, here is update on gbp/gpy after closed about 180pips on my buy position , then after this retracement dawn i buy again as you can see the chart below. please share yours. Thank you

GBP/JPY (4H): the price has formed a lower low and a lower high, and is now consolidating at the resistance.
If the local support is broken, then we may see a downward movement towards the 178.100 support area.

Sell opportunity

this is new update on gbp/jpy buy position for 70 pips as you can see the chart below, but the stoploss is much so i don't take the trade please post yours,

My next trade will be like this:
I will wait for the OTE and retracement from the OB. I see that above we have big liquidity pools.

The Bank of Japan announced that the market value of its government bonds was significantly lower than its book value, resulting in unrealized losses of 10.5 trillion yen, the largest ever.
On the 28th, the Bank of Japan released its financial statements for April to September of this year, and the market value of government bonds held by the Bank of Japan was 576,378 billion yen as of the end of September this year. The book value is 586,878.1 billion yen, which means that there is an unrealized loss of 10.5 trillion yen, a sharp increase from 157.1 billion yen at the end of March this year.
This is because Japan's long-term interest rates rose as the Bank of Japan decided at its Monetary Policy Meeting in July to allow long-term interest rate fluctuations from 0.5% to 1.0%.
The Bank of Japan has so far purchased large amounts of government bonds as part of its monetary easing measures in order to keep long-term interest rates low.
However, as long-term interest rates rise, the valuation of government bonds declines, which resulted in large unrealized losses on the large amount of government bonds held.
The Bank of Japan assumes that it will hold government bonds for the long term until maturity, so ``financial soundness will not be compromised.''
However, some market participants have pointed out that if interest rates rise further in the future, ``there is a risk that the financial and currency confidence of the central bank, the Bank of Japan, will be shaken internationally.''
https://news.yahoo.co.jp/articles/fe...4fedb4498a10ff

currently long, after yesterdays bullish bar. nice break back above 184.33 followed by retest and rally. targeting november highs.

First publication after many years of inactivity.
My thoughts for this week.
For short GBP/JPY, a small potential loss compared to the size of the gain.
The reasons for entering the trade are the strong resistance line and the daily DOJI.
Be careful because the bulls are still strong!

GBP/JPY (Daily):
The price is now forming a reversal setup at the resistance zone.
The current level may be good for taking profits from long trades, and for entering a long-term short trade.

Harmonic Patterns triggered on the hourly

Sell gbp /jpy crab

Type 1 tp 187.80

Type 2 tp 187.20

Just sell

GBPJPY short
It's not smart to trade against the trend, but this R:R just doesn't give me peace.
Resistance is extremely strong since November 2023. The bulls tried to run him over 8 times and it didn't work.
Well, I think the risk is worth it.
The smarter ones would wait for the reversal candles to be created

Huge macro trade in play, thank you boj, 200 level will be reached and then some. Similar story for other jpy pairs obviously.

buy

Would be useful for me. But are we really going to hit 200 again?

Possible head and shoulders forming on daily Im short aiming for 185.30

I'm also short, but I'm nervous ah well.

what’s your target

It's a position trade with low exposure but there are reasons we could go up...

With this kind of trade, no immediate target, we asses on a daily basis.

But I'm a bit nervous, what can I say....