GBPJPY Forecast.
Updated
⚡️The GBP/JPY is stuck in familiar levels after a quiet early half of the trading week.
Japanese CPI inflation and UK GDP growth figures due for the Friday trading sessions.
Bearish correction in the Guppy is struggling to develop meaningful momentum.
The GBP/JPY continues to struggle to push decisively in either direction and has been constrained between the 182.00 and 181.00 major levels for the past week despite being down 1.7% for September.
⚡️The early trading week saw limited economic data releases for both the Pound Sterling (GBP) and the Japanese Yen (JPY), but the week is set to close out with meaningful data for both sides of the Guppy.
⚡️The H4 chart shows that the pair's downtrend has lasted since August 23. Although it has found some small support, it has not yet found any recovery. We can expect a new position for the pair in GDP in October.
Japanese CPI inflation and UK GDP growth figures due for the Friday trading sessions.
Bearish correction in the Guppy is struggling to develop meaningful momentum.
The GBP/JPY continues to struggle to push decisively in either direction and has been constrained between the 182.00 and 181.00 major levels for the past week despite being down 1.7% for September.
⚡️The early trading week saw limited economic data releases for both the Pound Sterling (GBP) and the Japanese Yen (JPY), but the week is set to close out with meaningful data for both sides of the Guppy.
⚡️The H4 chart shows that the pair's downtrend has lasted since August 23. Although it has found some small support, it has not yet found any recovery. We can expect a new position for the pair in GDP in October.
Trade active
Note
Note
⚡️ The plan is workingTrade active
Note
⚡️ The GBP/JPY sees up-and-down action to cap off the trading week.Trade active
Trade active
Note
⚡️The plan is workingTrade active
Note
⚡️Everything is going according to planNote
⚡️ Pound Sterling prints fresh six-month low after short-lived pullback as UK slowdown fears remain intact.
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