GBPJPY: focus on the UK GDP release
Updated
The BoE has actually adopted a more cautious stance recently, as is clear from Governor Andrew Bailey's statement that the central bank is approaching the peak of its interest rate hike cycle. Despite persistent inflationary pressures, the BoE faces a delicate balancing act, as being too aggressive with interest rate hikes could endanger the UK economy.
SELL GBPJPY zone 184.400 - 184.500
Stoploss: 184.850
Take Profit: 183.700 (backtest breakout)
Take Profit: 183.000 (support zone)
SELL GBPJPY zone 184.400 - 184.500
Stoploss: 184.850
Take Profit: 183.700 (backtest breakout)
Take Profit: 183.000 (support zone)
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Close signal. Miss entryTrade active
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