Overall, GBP/JPY is trending downwards. Recently, GBP/JPY broke above the key level of 155.
The Bank of England (BoE) will be announcing their monetary policy decision later at 2000 (GMT+8). It is expected that the BoE will be increasing interest rate by 0.25%. Pay attention to whether the central bank is still planning to carry out more rate hikes in the near future. Also, with the central bank’s asset purchase programme coming to an end soon, pay attention to any information that the BoE has once QE ends.
A press conference will be held later at 2030 (GMT+8). During this time, expect volatility in GBP.
Currently, GBP/JPY is trading down towards the key level of 155. Its next support zone is at 153.800 and the next resistance zone is at 156.000.
Look for short-term buying opportunities of GBP/JPY if it bounces up from the key level of 155.
The Bank of England (BoE) will be announcing their monetary policy decision later at 2000 (GMT+8). It is expected that the BoE will be increasing interest rate by 0.25%. Pay attention to whether the central bank is still planning to carry out more rate hikes in the near future. Also, with the central bank’s asset purchase programme coming to an end soon, pay attention to any information that the BoE has once QE ends.
A press conference will be held later at 2030 (GMT+8). During this time, expect volatility in GBP.
Currently, GBP/JPY is trading down towards the key level of 155. Its next support zone is at 153.800 and the next resistance zone is at 156.000.
Look for short-term buying opportunities of GBP/JPY if it bounces up from the key level of 155.
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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.
Join my mailing list jindaotai.com/joinme
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.