GBPJPY (H4) : Bearish Target
The organizations and people that affect the most the moves of the GBP/JPY pair are:
Bank of England, known to be one of the most effective central banks in the world. It acts as the government's bank and the lender of last resort. It issues currency and oversees monetary policy (including interest rates).
Bank of Japan that issues statements and decides on the interest rates of the country. The BoJ has been applying very low interest rates for many years and even introduced a negative interest rate in January 2016, in an attempt lift consumer prices, which have been sliding for most of the past 20 years.
UK Government and its Prime Minister, Rishi Sunak.
Japanese Government and its Prime Minister Fumio Kishida, who replaced Yoshihide Suga in October 2021.
UK GDP (Gross Domestic Product), the total market value of all final goods and services produced in a country. It is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the GBP, while a low reading is negative.
NOTE : 📬 COMMENT, ✅LIKE AND ☑️ FOLLOW. THIS CAN HELP ME TO ANALYSE THE MARKET MORE EFFICIENTLY FOR YOU.
Bank of England, known to be one of the most effective central banks in the world. It acts as the government's bank and the lender of last resort. It issues currency and oversees monetary policy (including interest rates).
Bank of Japan that issues statements and decides on the interest rates of the country. The BoJ has been applying very low interest rates for many years and even introduced a negative interest rate in January 2016, in an attempt lift consumer prices, which have been sliding for most of the past 20 years.
UK Government and its Prime Minister, Rishi Sunak.
Japanese Government and its Prime Minister Fumio Kishida, who replaced Yoshihide Suga in October 2021.
UK GDP (Gross Domestic Product), the total market value of all final goods and services produced in a country. It is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the GBP, while a low reading is negative.
NOTE : 📬 COMMENT, ✅LIKE AND ☑️ FOLLOW. THIS CAN HELP ME TO ANALYSE THE MARKET MORE EFFICIENTLY FOR YOU.
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Developing a flat and equalizing the bottom are the reasons for the trade.
A C wave is required to finish the structure.
The order block/gap 189.975 has to be removed.
An MACD divergence is forming.
A C wave is required to finish the structure.
The order block/gap 189.975 has to be removed.
An MACD divergence is forming.
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Trade active:
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Trade closed manually