The Japanese yen pound is on a downward trend. The above decision shows that rising global bond yields and sustained high inflation are making it more difficult for the Bank of Japan to maintain its yield curve control policy.
As the outlook for the economy and prices remains extremely uncertain, the Bank of Japan will continue to promote accommodative monetary...
GBPJPY (Short-Term Analysis)
IMO, it is currently consolidating at the support/resistance area.
Given the MA indicators and chart pattern, we are pivoting toward the bearish sign.
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👉 WE have sell conformation:
- Trend was broken.
- EMA's give us SELL signal.
- Candle close below ASIAN session.
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