GBP/JPY Free setup Is Ready Now Don't Miss Itthe price is standing at a pretty strong area of resistance that might push the price downside
Gbpjyidea
Japanese yen pound is on a downward The Japanese yen pound is on a downward trend. The above decision shows that rising global bond yields and sustained high inflation are making it more difficult for the Bank of Japan to maintain its yield curve control policy.
As the outlook for the economy and prices remains extremely uncertain, the Bank of Japan will continue to promote accommodative monetary policy. The agency previously updated its inflation forecast for fiscal 2023 and 2024 to 2.8%, the third consecutive period above the central bank's 2% target.
Japan adjusts monetary policy, yen depreciates sharply – Photo 1. Bank of Japan Governor Kazuo Ueda: ``Although the situation remains extremely unstable, we have judged that it is appropriate to implement a more flexible yield curve control policy regarding interest rates.Long-term interest rates will adapt to future changes. can be set up in financial markets.
Following the decision, the yen plunged against the US dollar as traders focused on the Bank of Japan's commitment to maintain economic stimulus and forecast that inflation would fall below 2% in 2025.
GBPJPY Multiple timeframe analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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GBPJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gbpjpy bearish bias as it retesting hns necklineNot an excellent risk reward ratio but still holding bearish bias for it to break the major trendline for this pair as long as it doesnt invalidate the hns pattern.
GbpJpy 4hrsHere is my Analysis for this pair. Keep an eye on price action at my Resistance line. go long upon rejection
Daily Morning Star and RSI divergence off crucial yearly supportI am pretty sure (80 percent as is case with morning stars) price is going UP. Now the only question is where - to the next major pivot resistance level! I sketched two possible scenarios. Bu be careful guys - find the right moment on smaller timeframe. This is no financial advise, just sharing my humble opinion:) Stop below monthly S2 is pretty safe. If price closes below monthly S2 - it means something went really really strange...
