👋 Interested in how you can make an $1,000 per day with a trusted heavily regulated ⭐⭐⭐⭐⭐ 5-star international broker? Sign up for a free consultation.
GBPJPY Trading Signals
GBPJPY has recently broken through a key support line that it had previously tested twice. Traders should exercise caution and wait for confirmation of the breakout before making any trading decisions. If the new trend continues, there is a potential target level of around 187.0907 that may be reached within the next 3 days.
Trading Strategy and Technical Indicators:
- The trading strategy for GBPJPY involves monitoring key support and resistance levels for breakout opportunities.
- Technical indicators such as moving averages, RSI, and MACD can be utilized to confirm the strength of the breakout.
- Traders can also use trendlines and chart patterns to identify potential entry and exit points.
Correlation with Assets:
GBPJPY is known to have a strong correlation with other JPY pairs such as EURJPY and USDJPY. Traders should keep an eye on these pairs for potential confirmation signals.
Economic Calendar Events:
Traders should also be aware of upcoming economic calendar events that may impact the GBP and JPY. Key events such as interest rate decisions, GDP releases, and inflation data can have a significant impact on the movement of GBPJPY.
⚠ If you wish to learn how to invest in the right stocks or trade successfully online, you can look into our free daily news about stock market news, crypto market news, commodities news, forex news, and financial markets daily technical analysis and trading signals.
