Weekly Round-up: USD/JPY & GBP/USD Market Analysis
Hi Traders,
Here's a summary of the week so far for USD/JPY and GBP/USD.
This week has been packed with economic data releases. Earlier today, the Bank of Japan kept interest rates unchanged but expressed optimism about improvements in the broader Japanese economy.
The overall trend for USD/JPY remains bearish, and we anticipate this to persist into the coming week. As for GBP/USD, our short trade closed yesterday, and we are now expecting a continuation of the upward trend, breaking above the momentum high.
Have a wonderful weekend!
Here's a summary of the week so far for USD/JPY and GBP/USD.
This week has been packed with economic data releases. Earlier today, the Bank of Japan kept interest rates unchanged but expressed optimism about improvements in the broader Japanese economy.
The overall trend for USD/JPY remains bearish, and we anticipate this to persist into the coming week. As for GBP/USD, our short trade closed yesterday, and we are now expecting a continuation of the upward trend, breaking above the momentum high.
Have a wonderful weekend!
Related publications
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.