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.