💷GBP/JPY time to get rich
💷Looking at the pound for what it has done in terms of price appreciation over the last few weeks is incredible.
💷Referring back to my post from 2 weeks ago in which I wrote about the GBP/JPY pair still having plenty of room to rise (spoiler I wasn't wrong)
Accurately predicting a correction and then further rises. I invite you to read the article below. 👇👇👇
💷Since my last post on GBP/JPY the rise has already been over 800 pips which translates into a 5% increase in the price of the pound versus the yen.
💷I am proud to have written about this and it is now visible to see in my profile history.
💷But now in the second part I write that it is not over yet. The rally has only just begun
💷Looking at the long-term uptrend on this pair of 32 months now
💷Where the trend is only gaining momentum
💷Which has been mainly driven by the fall in the value of the Japanese Yen where there is currently no change in monetary policy. (negative interest rates of -0.10%)
💷It is now time for the Pound to squeeze out strong gains on the back of, among other reasons, an assumed interest rate rise to 3% from 2.25%
💷And the Bank of England's announcement of unlimited asset purchases, which has contributed to the pound's sharp rises over recent weeks
💷Friday's trading session ultimately showed market sentiment and investors' willingness to push the pound higher.
💷Moving to the monthly chart and knowing the characteristics of the movements of the currency pairs with the yen crossover which oscillate in clear easy to predict trends.
💷.
💷We are still 5.29% short of the first resistances
💷At these points I would look for price turbulence (possible corrections)
💷As far as I can see, the way is open for now.
💷Feel free to share your opinion on my analysis. I am open to a substantive exchange of views
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
💷Looking at the pound for what it has done in terms of price appreciation over the last few weeks is incredible.
💷Referring back to my post from 2 weeks ago in which I wrote about the GBP/JPY pair still having plenty of room to rise (spoiler I wasn't wrong)
Accurately predicting a correction and then further rises. I invite you to read the article below. 👇👇👇
💷Since my last post on GBP/JPY the rise has already been over 800 pips which translates into a 5% increase in the price of the pound versus the yen.
💷I am proud to have written about this and it is now visible to see in my profile history.
💷But now in the second part I write that it is not over yet. The rally has only just begun
💷Looking at the long-term uptrend on this pair of 32 months now
💷Where the trend is only gaining momentum
💷Which has been mainly driven by the fall in the value of the Japanese Yen where there is currently no change in monetary policy. (negative interest rates of -0.10%)
💷It is now time for the Pound to squeeze out strong gains on the back of, among other reasons, an assumed interest rate rise to 3% from 2.25%
💷And the Bank of England's announcement of unlimited asset purchases, which has contributed to the pound's sharp rises over recent weeks
💷Friday's trading session ultimately showed market sentiment and investors' willingness to push the pound higher.
💷Moving to the monthly chart and knowing the characteristics of the movements of the currency pairs with the yen crossover which oscillate in clear easy to predict trends.
💷.
💷We are still 5.29% short of the first resistances
💷At these points I would look for price turbulence (possible corrections)
💷As far as I can see, the way is open for now.
💷Feel free to share your opinion on my analysis. I am open to a substantive exchange of views
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 www.t.me/Investmatez 💲
🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 www.t.me/Investmatez 💲
🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫🎫
