gabriel123412

GBPJPY BOLLINGER SQUEEZE BUY!

Long
OANDA:GBPJPY   British Pound / Japanese Yen
Hey guys quite new to trading, ive had success these weeks following this pattern of resistance and support, and it looks like it is continuing. However i think i can see a potentia outburst from bollinger squeeze, this with the new supports could mean a big jump. Also UK is coming out of lockdown soon too. Everything sounding very bullish might just be my character though, does anyone else agree with this buy?

The Brexit process has posed many unforeseen challenges to the British pound sterling , and enhanced periodic volatilities have been observed surrounding key diplomatic and political events. From the massive losses taken in the hours after the surprise vote for Brexit, to a gradual recovery due to subsiding uncertainty, the GBP has undergone numerous fundamental transformations.

While the ultimate end to the Brexit saga remains to be seen, many currency market participants are promoting an optimistic tone toward the GBP.

Following a strong 2017 where the GBP gained 9.5% against the USD and 4.3% against the euro, investors were reassured of the pound's global standing.

Of course, economic growth in the U.K. and Bank of England (BOE) monetary policy decisions will ultimately determine the GBP's value in a post-Brexit Europe.

refrenced.