I opened a sales position at 151.41.
The position of Japanese candles on a weekly basis heralds a sharp drop in GBPJPY in the coming weeks. High inflation as well as the accumulation of Omicron strain virus in the UK is just an overture that will push this pair. I believe it will touch 148. So my TP1 is 148, although I think it can go deeper. Maybe TP2 146.
I believe that this time the UK will have to introduce some serious measures in order to prevent the Omicron strain in the coming weeks, and this will cause additional tension in the market of this currency pair.
Many experts say it will go to 145. That would be too much because the Bank of England will certainly take some steps to prevent the GBP from falling.
The position of Japanese candles on a weekly basis heralds a sharp drop in GBPJPY in the coming weeks. High inflation as well as the accumulation of Omicron strain virus in the UK is just an overture that will push this pair. I believe it will touch 148. So my TP1 is 148, although I think it can go deeper. Maybe TP2 146.
I believe that this time the UK will have to introduce some serious measures in order to prevent the Omicron strain in the coming weeks, and this will cause additional tension in the market of this currency pair.
Many experts say it will go to 145. That would be too much because the Bank of England will certainly take some steps to prevent the GBP from falling.
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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.