GBPJPY: A Short-Term Bullish Outlook
This move is more related to the BOJ’s uncertainty about rising inflation, and the Bank of Japan is not taking further actions.
On the other hand, one day the BOJ says it will raise interest rates again, and the next day it says the opposite. They are losing credibility.
However, the BOJ is not good at keeping its promises and does not want to make the yen stronger anytime soon.
GBPJPY created a new record high, confirming a new upward move. If the price manages to maintain this pattern, the rise should become clearer and exhibit bullish momentum.
Key target areas: 198.90; 190.40 and 200
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
This move is more related to the BOJ’s uncertainty about rising inflation, and the Bank of Japan is not taking further actions.
On the other hand, one day the BOJ says it will raise interest rates again, and the next day it says the opposite. They are losing credibility.
However, the BOJ is not good at keeping its promises and does not want to make the yen stronger anytime soon.
GBPJPY created a new record high, confirming a new upward move. If the price manages to maintain this pattern, the rise should become clearer and exhibit bullish momentum.
Key target areas: 198.90; 190.40 and 200
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.