GBPJPY Upside Potential
Hey Traders! 👋
For Day 20/100 of our challenge, we will look at GBPJPY upside potential this week.
Technicals
- Expecting a simple break and retest of 172.5 pivot zone
- Aligns with support zone + 62% fib
- Target is at 175
Fundamentals
- Expecting GBP to gain some strength on the back of positive UK data and optimistic pricing in of BoE hikes
- JPY to remain on pressure as BoJ remains dovish policy stance and a few more ways to go before considering shifting
For Day 20/100 of our challenge, we will look at GBPJPY upside potential this week.
Technicals
- Expecting a simple break and retest of 172.5 pivot zone
- Aligns with support zone + 62% fib
- Target is at 175
Fundamentals
- Expecting GBP to gain some strength on the back of positive UK data and optimistic pricing in of BoE hikes
- JPY to remain on pressure as BoJ remains dovish policy stance and a few more ways to go before considering shifting
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