GBPJPY - Bullish Bias
GBP - BULLISH
1️⃣ Investors hope for a quicker economic recovery in the UK due to the continued success of the vaccination rollout programme coupled with massive fiscal and monetary stimulus packages.
JPY - BEARISH
1️⃣ The recent passage of a massive US stimulus package boosted sentiment
2️⃣ Positive risk tone weighing on the safe-haven JPY.
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Technical
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We are looking to buy the GBPJPY at RBS + above SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ Investors hope for a quicker economic recovery in the UK due to the continued success of the vaccination rollout programme coupled with massive fiscal and monetary stimulus packages.
JPY - BEARISH
1️⃣ The recent passage of a massive US stimulus package boosted sentiment
2️⃣ Positive risk tone weighing on the safe-haven JPY.
=====
Technical
=====
We are looking to buy the GBPJPY at RBS + above SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade active
PENDING ORDER TRIGGEREDTrade closed: stop reached
-30 PIPSJPY benefitted from the risk-off tone
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.