In this video, I breakdown why the pound has been going up in value against the Japanese Yen since 2020 as higher interest rates in the UK is attracting money out of Japan and into the UK.
I also show why currency traders are only buying this currency pair as UK Rates make it profitable to hold this trade open overnight as you get paid FREE money into your...
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.4205).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts...
