Instrument: GBPJPY
Bullish Preference:
Buy position is envisaged if price trades above 187.529 with take profit at 187.679.
Bearish Preference:
Sell position is envisaged if price trades below 186.983 with take profit at 186.784
Fundamentals:
4:05pm
GBP BOE Gov Bailey Speaks
Comment:
There are reports that inflationary pressures remain in the UK labor market and there was no way to cut interest rates from their 15-year high any time soon. We currently expect the BOE Governor’s speech by 4pm.
Analysis: SCRUM Team