Shivvy_28

Short GBPJPY for tomorrow, then long after BOE Rate Increase

Short
FX:GBPJPY   British Pound / Japanese Yen
Hi,

Following history and trend analysis i expected GBPJPY to fall and then pick up for a long term goal of above 183.000.

Hiking interest makes GBP stronger in turn resulting in more investors holding GBP for better returns.

However this could negatively effect GBP in the long run.

Interim strength is predicted after a drop.
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.