GBPJPY: New move of investors!

Fundamental analysis

According to the EMA 34, 89, and 200 indicators, the market is currently on an upward trend and is following the price line. It is highly likely that the price may retest the slightly increasing sideways price zone or test the resistance area.

Market overview before news

In addition to the unexpected upturn in mortgage activity, investors should also look for a sustained rise in inflation. These reports pressure the Bank of England to tighten monetary policy. And this is good news for the British Pound, where interest rates and bond yields are lower than in the US.

交易進行:

Unexpected upturn in mortgage activity, investors should also look for a sustained rise in inflation
In addition to the unexpected upturn in mortgage activity, investors should also look for a sustained rise in inflation. These reports pressure the Bank of England to tighten monetary policy. And this is good news for the British Pound, where interest rates and bond yields are lower than in the US.

交易進行:

GBP has started the new week in a quiet manner with the Spring Bank Holiday in the UK and the Memorial Day holiday in the US causing trading volumes to remain thin. The pair's near-term technical outlook shows that buyers remain on the sidelines but an extended correction could be observed once Pound Sterling stabilizes above 1.2360.

交易進行:

GBP/USD is recovering ground above 1.2350 in the European trading hours. Investors remain cautiously optimistic amid renewed worries over the US debt deal approval and increased bets of a June Fed rate hike, helping the US Dollar stay afloat.

交易進行:

When the US debt reached $31 trillion for the first time in October, this historic level of debt was expected, and given interest rates are rising rapidly, the deficit is expected to increase further as debt servicing costs rise, which will lead to more borrowing.

交易結束：達到停損點