GBPJPY- Expecting Long from Support- Daily ascending Trendline. Price is above 200 SMA . But on HTF we are also seeing Lower highs and developing of ascending triangle . Expecting price bounce from the Support.
On fundamental front. BOE is on roads to Raise 25 BPS interest rates in Aug. Though 50BPS under discussion ( Remote). This can act as catalyst to GBP pairs especially JPY due to dovish monetary policy of BOJ and interest rates differentials between the central banks.
Comment on the idea and odds, Cheers!
On fundamental front. BOE is on roads to Raise 25 BPS interest rates in Aug. Though 50BPS under discussion ( Remote). This can act as catalyst to GBP pairs especially JPY due to dovish monetary policy of BOJ and interest rates differentials between the central banks.
Comment on the idea and odds, Cheers!
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