$GBPJPY: Medium Term Outlook (Part II)

FX_IDC:GBPJPY   British Pound / Japanese Yen
495 4 19
Bullish Target complete!
The Bank of England released its latest minutes on Wednesday which showed that it was an unanimous decision (9-0) in May to keep interest rates unchanged at 0.5%. While there will a range of views over the most likely path for interest rates, all the members agreed that rates more likely than not to rise over 3 years and members also viewed the UK 10-year gilts yields remained unusually low despite the increase experienced in April. The MPC             also noted that the markets brought forward rate hike expectations after the release of the April MPC             minutes and it also viewed that zero inflation rate environment unlikely to last and the members expect a notable increase in inflation towards end of 2015.

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I have feeling it may go to 194.00+ before a big fall!
thanks for sharing. I think we will see a big bullbak to point B. what you think?
@SignalSuisse , do we short now with stops at 190.70 ?
Are you expecting a pull back here ?
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