From my viewpoint, the GBP/JPY pair has recently exhibited a notable bearish trend, reaching an eight-week low which suggests additional caution in the short term. Monitoring key support levels like the 185.63 area and the psychological level of 185.00 is crucial for planning trading strategies. I am watching for a potential technical shift towards a more pronounced bearish trend, especially if the pair closes below 181.80, which could reinforce the bearish outlook.
Furthermore, economic news and political events from Britain and Japan could impact the GBP/JPY pair, so I am closely following upcoming announcements from the Bank of Japan and key economic indicators from the UK. Any signs of a shift in monetary policy or unexpected economic data could act as catalysts for increased volatility. I maintain a balanced approach, combining technical analysis with fundamental developments to form a comprehensive market view and be prepared to adjust my positions according to market fluctuations.
SEE MY ANALYSIS ON THE CHART:
https://drive.google.com/file/d/1mpaWMlPq9_VrUQBqujTHaU5OXfxT9CbP/view?usp=drive_link
40 PIPS RUNNING DOWN PROFITS ON THI ONE:
https://drive.google.com/file/d/1hajxOxe4u2KMJaRv-HDJt4FNbi4Sq4kg/view?usp=drive_link
Furthermore, economic news and political events from Britain and Japan could impact the GBP/JPY pair, so I am closely following upcoming announcements from the Bank of Japan and key economic indicators from the UK. Any signs of a shift in monetary policy or unexpected economic data could act as catalysts for increased volatility. I maintain a balanced approach, combining technical analysis with fundamental developments to form a comprehensive market view and be prepared to adjust my positions according to market fluctuations.
SEE MY ANALYSIS ON THE CHART:
https://drive.google.com/file/d/1mpaWMlPq9_VrUQBqujTHaU5OXfxT9CbP/view?usp=drive_link
40 PIPS RUNNING DOWN PROFITS ON THI ONE:
https://drive.google.com/file/d/1hajxOxe4u2KMJaRv-HDJt4FNbi4Sq4kg/view?usp=drive_link
Wilmer Blasini