GBPJPY - Bullish Bias
GBP - BULLISH
1️⃣ Investors hope for a quicker economic recovery in the UK due to the continued success of the vaccination rollout programme coupled with massive fiscal and monetary stimulus packages.
2️⃣ The IHS Markit/CIPS UK Manufacturing PMI was revised higher to 58.9 in March 2021, from a preliminary estimate of 57.9 and above February's 55.1.
JPY - BEARISH
1️⃣ Industrial output in Japan fell 2.1% mom in February, worse than expected.
2️⃣ Japan's housing starts dropped by 3.7% yoy in the month, the 20th straight month of fall.
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Technical
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We are looking to buy the GBPJPY at RBS + above SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ Investors hope for a quicker economic recovery in the UK due to the continued success of the vaccination rollout programme coupled with massive fiscal and monetary stimulus packages.
2️⃣ The IHS Markit/CIPS UK Manufacturing PMI was revised higher to 58.9 in March 2021, from a preliminary estimate of 57.9 and above February's 55.1.
JPY - BEARISH
1️⃣ Industrial output in Japan fell 2.1% mom in February, worse than expected.
2️⃣ Japan's housing starts dropped by 3.7% yoy in the month, the 20th straight month of fall.
=====
Technical
=====
We are looking to buy the GBPJPY at RBS + above SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.