Hi everyone,
After seeing Japan's CPI numbers be over 3% again, it's time for BOJ to slowly but surely release the support brackets underneath the Japanese economy and for the QT to slowly take place.
GBP has a lot of headwinds moving forward in terms of stagflation, lack of growth etc. The pair is technically bullish so I expect any major dips to be bought up, but I strongly believe that this is the pairs top for the rest of the year.
Any huge events that are bullish for the markets might push Yen lower, so always keep tight stop losses if you are swing trading this pair.
After seeing Japan's CPI numbers be over 3% again, it's time for BOJ to slowly but surely release the support brackets underneath the Japanese economy and for the QT to slowly take place.
GBP has a lot of headwinds moving forward in terms of stagflation, lack of growth etc. The pair is technically bullish so I expect any major dips to be bought up, but I strongly believe that this is the pairs top for the rest of the year.
Any huge events that are bullish for the markets might push Yen lower, so always keep tight stop losses if you are swing trading this pair.
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Another great trade and great entry, moved SL to entry level.
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Beautiful reaction from the resistance zone, looks like 183.75 target is closer than expected.