Hi traders,
I decided to stand aside in most GBP pairs due to thge interest rate setting by the bank of England. Gbpjpy is currently stuck in the 134.70 area. The gbpjpy will need to break below 133.50 area to confirm resumption of the downward trend. Above 136.00 will lead to bullish momentum resumption.
Gbpusd is still around 1.3200 area. It will need to break below 1.3100 or break above 1.3300 to set a new direction.
I decided to stand aside in most GBP pairs due to thge interest rate setting by the bank of England. Gbpjpy is currently stuck in the 134.70 area. The gbpjpy will need to break below 133.50 area to confirm resumption of the downward trend. Above 136.00 will lead to bullish momentum resumption.
Gbpusd is still around 1.3200 area. It will need to break below 1.3100 or break above 1.3300 to set a new direction.