Gbp/Jpy has been ranging between 2 levels you can see on the chart! You can also see that there is a Triangle Pattern and I put on the blue trend line to show that not only has price stalled out at the level of resistance on the daily chart , but that price did not break the triangle pattern! I Personally believe that Gbp/Jpy will fall from here! Will it break out of the Consolidation?
I think that it actually will! Remember that Next Week we have a lot of news! On Tuesday Feb 18 Here in the United States at 4:30am , The Pound will have a lot of news that most likely will negatively effect that Pound. The Number of Brits "Claiming Unemployment Benefits" is expected to rise from 14.8 thousand people , to 21.7 thousand people! This is a significant change.
The Average Earnings index for the Pound is expected to be lower according to "Forex Factory" ... While other sources I was reading are claiming it to be unchanged! The Employment Change is expected to move from 208k , to 217k which is good , but not a significant number!
So for now I expect the British Pound to be Bearish!
I think that it actually will! Remember that Next Week we have a lot of news! On Tuesday Feb 18 Here in the United States at 4:30am , The Pound will have a lot of news that most likely will negatively effect that Pound. The Number of Brits "Claiming Unemployment Benefits" is expected to rise from 14.8 thousand people , to 21.7 thousand people! This is a significant change.
The Average Earnings index for the Pound is expected to be lower according to "Forex Factory" ... While other sources I was reading are claiming it to be unchanged! The Employment Change is expected to move from 208k , to 217k which is good , but not a significant number!
So for now I expect the British Pound to be Bearish!
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.