GBPJPY wooh… 450pips when I wake up just immediately manually close the buy from 184.45 meet my TP 2 and TP3 in the money, now can start looking new setup entry again to look for another setup 🎉🎉🎉🎉🎉
GBPJPY Doing its signature caffeine-fueled dance again, huh?
Compression > Expansion
GJ tumbled to a seven-month low against the yen, hitting 185.48. This sharp decline was part of a broader move where investors fled to safe-haven currencies amid a global sell-off in U.S. assets. The catalyst? The U.S. implemented new tariffs affecting global economies, shaking up markets worldwide.
The introduction of U.S. tariffs sparked fears of a global economic slowdown. In such "risk-off" environments, investors typically seek refuge in safer assets like the Japanese yen. This shift led to a surge in yen strength, causing pairs like GBP/JPY to drop significantly.
That Consumer Confidence drop from 34.8 to 34.1 was a stealth bomb . It may not look like much on the surface, but in the current global macro environment, every hint of weakness in Japan adds fuel to GBPJPY’s upside volatility!
FOMC > real gasoline to the fire 🔥
> The Fed confirmed it would cut rates if inflation keeps cooling down. > Members noted that progress on inflation is continuing, albeit not fast enough for immediate action, but rate cuts are firmly on the table for 2025. > The US dollar dropped immediately after the release and pulled up.