GBPJPY is trading to the downside prior to the JPY Interest Rate Decision, which is made by the BoJ and dictates the interest rate in Japan. Technically the pair has retraced after yesterdays selling, giving us a strong entry opportunity. The RSI is also holding below 50% and we have a 1h doji candle confirming.
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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.