FX:GBPJPY   British Pound / Japanese Yen
It remains that the ongoing improvements in unemployment, a lagging economic indicator, coupled with a solid recovery should eventually lead to a rise in wage growth. As a result, the current weak earning growth may not reflect the current health of the job market as it is an even more lagging indicator than unemployment. Furthermore, the 2-3% rise in the national minimum wage in October could be a catalyst for broader wage growth while supporting household consumption. As the recovery is expected to remain strong while the job market continues to improve, the BoE stays positioned to be the first major central bank to start its tightening cycle.

British pound weakness unlikely to continue - Eye on GBPJPY            

The British pound has weakened as the odds to see a hike before year-end has decreased. However, the relative supportive monetary policy should support the Sterling in the longer-term. As a result, I do not consider this weakness as a trend reversal but as a temporary countertrend move. A long position in GBP/JPY             remains an attractive vehicle to be exposed to a renewed strength in Sterling.

My recommendation : Buy GBPJPY             above 171.50 stop @170.45 ,Target1 173.80 & Target1 174.60 , Good Luck
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out