JLS: GBPJPY Heading to 154.50 Upper Ceiling Target Zone
Carry traders may long the GBP by bringing the GBPJPY up to the level of 154.50 as permitted by the applicable central banking policy and practices.
The likely interesting on GBP prices is the medium term directional prices of target zones. Both GBPJPY and GBPCHF are to upward direction in medium term but the GBPNZD, GBPAUD, GBPCAD, GBPUSD are to downward direction in medium term. The upward pressure and the downwad pressue to put GBP's prices jumping up and jumping down.
This jumping up and jumping down not only during this Brexit's environment, however as long as the GBP's interest rate differential structure is not changed as reasonably required by the economic activity then the GBP's prices will continue to jumping up and jumping down.
Deepest drop may be seen in the future by the time the CHF and JPY liqudate their holdings on GBP. At such time GBPUSD will be jumped down to the 1.1800 level, but is assumed stable by monetary assumtion.
The likely interesting on GBP prices is the medium term directional prices of target zones. Both GBPJPY and GBPCHF are to upward direction in medium term but the GBPNZD, GBPAUD, GBPCAD, GBPUSD are to downward direction in medium term. The upward pressure and the downwad pressue to put GBP's prices jumping up and jumping down.
This jumping up and jumping down not only during this Brexit's environment, however as long as the GBP's interest rate differential structure is not changed as reasonably required by the economic activity then the GBP's prices will continue to jumping up and jumping down.
Deepest drop may be seen in the future by the time the CHF and JPY liqudate their holdings on GBP. At such time GBPUSD will be jumped down to the 1.1800 level, but is assumed stable by monetary assumtion.
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