GBPJPY - SHORT ENTRY
GBPJPY - Price trading inside strong bearish. Impulse short entries can be taken once price retest the previous daily resistance and rejects. Once price rejects that area, we can look at immediate market execution.
At the moment JPY seems pretty strong, and GBP might lose strength in time to come. The UK economy is facing a recession situation and is expected to get vulnerable further as BOE is set to hike its interest rates amid an absence of evidence that could convey a slowdown in inflationary pressures ahead. Whereas for JPY, investors are expecting more stimulus packages from the Japanese administration in order to spurt the extent of economic activities and the BOJ is already favoring the policy easing approach to accelerate inflation and is expected to continue further till inflation reaches to 2% target confidently. Hence, my bias is currently on GBP weakening and JPY strengthening at the moment. Maybe things might change in the future fundamentally wise.
TP can be placed just before the recent low in order to reduce risk and secure profits.
TP - Green Zone
SL - Red Zone
R:R Ratio - 1:2.5
At the moment JPY seems pretty strong, and GBP might lose strength in time to come. The UK economy is facing a recession situation and is expected to get vulnerable further as BOE is set to hike its interest rates amid an absence of evidence that could convey a slowdown in inflationary pressures ahead. Whereas for JPY, investors are expecting more stimulus packages from the Japanese administration in order to spurt the extent of economic activities and the BOJ is already favoring the policy easing approach to accelerate inflation and is expected to continue further till inflation reaches to 2% target confidently. Hence, my bias is currently on GBP weakening and JPY strengthening at the moment. Maybe things might change in the future fundamentally wise.
TP can be placed just before the recent low in order to reduce risk and secure profits.
TP - Green Zone
SL - Red Zone
R:R Ratio - 1:2.5
İşlem aktif
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Solid dump!!!
Feragatname
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