GBPJPY - Bearish Opportunity
The exogenous, endogenous, and leading economic indicators are decreasing for the pair GBPGPY. The COT report also shows that Net Non-Commercial positions are decreasing for GBP and increasing for JPY. One major factor is interest rate differential as GBP is decreasing interest rates while JPY increasing interest rates.
While looking technically, GBPJPY is in a bearish trend making LLs and LHs. Look for entry at the current price and place the SL on the previous 4H LH.
While looking technically, GBPJPY is in a bearish trend making LLs and LHs. Look for entry at the current price and place the SL on the previous 4H LH.
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