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Intraday: Bearish
Technical Analysis
Preference:
A Sell is in order if prices trade below 133.490 with take profit at 133.071.
Alternative scenario:
Buy is in order if price trades above 134.344 with take profit at 135.112.
Fundamentals:
12pm GBP
Asset Purchase Facility
MPC Asset Purchase Facility Votes
MPC Official Bank Rate Votes
Monetary Policy Summary
Official Bank Rate
Comment: This pair recently got rejected at a monthly key level resistance. On the 1hr chart, it broke below the support, came back to retest the support turned resistance level, which in turn rejected the GBPJPY pair early this morning. A sell trade is envisaged for the early hours of today, till the news on MPC rates gets released by 12pm today
Analysis: SCRUM Team
