GBP - Strong Bearish
1️⃣ The Bank of England kept its interest rates unchanged in its November meeting, compared to market expectations for a 15 basis point rise.
2️⃣ According to an RTE report on Thursday, the European Union considers the United Kingdom’s objectives on the Northern Ireland Protocol unattainable due to significant differences compared to the baseline scenario.
3️⃣ UK GDP grew 1.3% in the third quarter of 2021, lower than the 5.5% increase in the previous period, and below market expectations of 1.5%.
4️⃣ UK industrial production fell 0.4% in September, compared to market expectations for a 0.2% rise.
JPY - Strong Bullish
1️⃣ Investor concerns about the surge in US inflation caused investors to turn to safe-haven assets.
2️⃣ Japanese Prime Minister Fumio Kishida is compiling an economic stimulus package on November 19 to help sentiment on the JPY.
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Technical
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The GBPJPY has broken the support levels and retested.
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Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
1️⃣ The Bank of England kept its interest rates unchanged in its November meeting, compared to market expectations for a 15 basis point rise.
2️⃣ According to an RTE report on Thursday, the European Union considers the United Kingdom’s objectives on the Northern Ireland Protocol unattainable due to significant differences compared to the baseline scenario.
3️⃣ UK GDP grew 1.3% in the third quarter of 2021, lower than the 5.5% increase in the previous period, and below market expectations of 1.5%.
4️⃣ UK industrial production fell 0.4% in September, compared to market expectations for a 0.2% rise.
JPY - Strong Bullish
1️⃣ Investor concerns about the surge in US inflation caused investors to turn to safe-haven assets.
2️⃣ Japanese Prime Minister Fumio Kishida is compiling an economic stimulus package on November 19 to help sentiment on the JPY.
=====
Technical
=====
The GBPJPY has broken the support levels and retested.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
Trade active
Trade closed: stop reached:
UPDATE FOR #GBPJPY
❌ TRADE HAS HIT SL
-50 PIPS
❌ TRADE HAS HIT SL
-50 PIPS