This is a break down analysis of GBPJPY after today's Bank of England Interest Rate Decision. Fundamental Analysis: - The BoE left the rates unchanged giving a minor lift to the GBP. - JPY continues to work as a safe-haven under the current geopolitical conditions (coronavirus) and may work against the BoE lift on GBP. Technical Analysis: - The...
Pattern: Channel Up on 1D approaching 1W Resistance. Signal: Bearish on the 1W Resistance. Target: 144.000 (1D Support).
Respected followers, GBPJPY is taking support on Double Bottom. We can see strong bullish from current price. Kindly follow my analysis.
#GBPJPY, GBPJPY, Price testing the high with low volume. gbp increased 5k short by last week but move upside due to brexit negotiations. now high probability to move downside
GbpJpy - H4 - I see price testing the H4 demand zone so good buy with a great risk to reward. Also potentially a long term buy on this pair so great entry
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron