GBPJPY: focus on the UK GDP release

The BoE has actually adopted a more cautious stance recently, as is clear from Governor Andrew Bailey's statement that the central bank is approaching the peak of its interest rate hike cycle. Despite persistent inflationary pressures, the BoE faces a delicate balancing act, as being too aggressive with interest rate hikes could endanger the UK economy.

SELL GBPJPY zone 184.400 - 184.500

Stoploss: 184.850

Take Profit: 183.700 (backtest breakout)
Take Profit: 183.000 (support zone)

Trade active:

Close signal. Miss entry

Trade active