GBPJPY Buyers are strongly supported

Strategy for Buyers GBPJPY

🔥The GBPJPY pair oscillates in a narrow range above the 1.2600 mark during the early Monday’s Asian session. The major pair currently trades near 1.2628, gaining 0.01% on the day.

🔥Traders anticipate that the Bank of England (BoE) is likely to raise 25 basis points (bps) in the upcoming meeting. The BoE Chief Economist Huw Pill noted last week that inflation in the UK remained too high and that many measures are in place. BoE’s aggressive tightening of monetary policy might put some pressure on the British Pound (GBP) since investors are concerned about the effect on the UK economy.

🔥The data released last week revealed that August was the weakest month for British factories since the beginning of the COVID-19 crisis. The S&P Global/CIPS Manufacturing PMI came in at 43.0 In August from 45.3 in July. The figure marked the six consecutive months below the 50 threshold.

Komen:

🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest

Komen:

BUY GBPJPY 185.050 - 184.900

SL : 184.450

TP 1 : 185.300
TP 2 : 185.600
TP 3 : 186.000

Komen:

HIT TP 1. YEAHHHHHH GREAT!!!

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