Get started
MujkanovicFX

GBP/JPY Trade Idea: Bullish wedge broken, fundamentals point up

Long
British Pound / Japanese Yen (FX:GBPJPY)  
MujkanovicFX  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Wedge Beyond Technical Analysis GBP jpy GBPJPY LONG
2
0
trendanalysis chartpattern wedgepattern beyondta gbp jpy gbpjpy long
The pair made a higher low on June 28th, and formed a bullish wedge. Today, the price broke the bullish wedge to the upside. Japan has still a loose monetary policy and Great Britain posted some good numbers recently, which increased the possibility for a rate hike in the coming period.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.