GBP/JPY
Updated
"BOJ reportedly erring towards leaving policy unchanged next week"
What Ueda said today was expected. GJ has been bullish for a long time because UK monetary policy and Japan's are very different. Although inflation has started to fall in the UK (the latest CPI 7.9% is lower than the expected 8.2%), But inflation in the UK is still high so BOE Governor Bailey still has problems. Before the price continues to go up, I expect a pullback and this level seems quite reasonable to me.
What Ueda said today was expected. GJ has been bullish for a long time because UK monetary policy and Japan's are very different. Although inflation has started to fall in the UK (the latest CPI 7.9% is lower than the expected 8.2%), But inflation in the UK is still high so BOE Governor Bailey still has problems. Before the price continues to go up, I expect a pullback and this level seems quite reasonable to me.
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As you can see the price has already tested the trend line and bounced upwards as I expected, although the retest happened faster than expected. For now a little more than +100 Pips of profit, from this moment I put SL on BELet me know in the comments if you entered BUY
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The price reached the marked zone where I recommended a buy opportunityComment
I was right about the trend, and im still bullish but news has push price down and ended as a lossing trade.
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