Gbpjpy. Sentiment 1 hour 30 mint

The sentiment for GBP/JPY over the next 1 hour and 30 minutes is likely to be bullish, with a strong bearish sentiment currently prevailing. 1. **Current Sentiment**: The majority of traders are currently short, with 74% of client accounts holding short positions. This indicates a strong bearish sentiment in the market. 2. **Technical Indicators**: - The Relative Strength Index (RSI) is not provided, but a high RSI could suggest that the currency pair is currently oversold, which could lead to a potential reversal. - The Moving Average Convergence Divergence (MACD) is not provided, but a positive MACD could indicate a potential bullish trend. 3. **Market Dynamics**: - The GBP/JPY pair has been highly volatile, with strong trends that can exceed thousands of pips. This volatility suggests that significant price movements are possible in the short term. - The recent breakout above the range suggests a potential for a continuation of the bullish trend. 4. **Implications**: - The strong bearish sentiment and the recent bullish trend reversal suggest that the market may be poised for a bullish move over the next 1 hour and 30 minutes. - Traders should consider opening long positions, but should also be prepared for potential volatility and set appropriate stop losses. In conclusion, while the sentiment for GBP/JPY over the next 1 hour and 30 minutes is bullish, traders should be prepared for potential volatility and monitor the market closely for signs of a potential reversal.