DavidBelleFX

Watch for possible breakout during London Open

FX:GBPJPY   British Pound/Japanese Yen
GBPJPY             has been quite stagnant since this morning's large bullish candle off the back of UK earnings data. Stuck in a 90 pip range channel, one could possibly expect this to continue during the quieter Asian session. During the London open as volatility picks up, there could possibly be a break to the upside possibly continuing the previous bullish momentum of GBP combined with the extremely weak Yen.

UPDATE: weak UK data this morning did cause a break, however it was to the downside.

Form your own opinions.

This is not to be interpreted as investment advice.

Trading leveraged products carries a potentially high level of risk. Losses may exceed deposits.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out