GBPJPY Potential Forecast | 23rd March 2023
Fundamental Backdrop
1. GBP inflation came out strong and paves way for more hawkishness from the BOE and rate hikes.
2. JPY continues to be the dove.
Technical Confluences
1. Price is currently on a higher timeframe bullish trend
2. Price could tap on the H4 resistance above (red zone)
3. Price have cleared the previous daily low
Idea
Looking for the price to head towards the H4 resistance at 166.04.
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
1. GBP inflation came out strong and paves way for more hawkishness from the BOE and rate hikes.
2. JPY continues to be the dove.
Technical Confluences
1. Price is currently on a higher timeframe bullish trend
2. Price could tap on the H4 resistance above (red zone)
3. Price have cleared the previous daily low
Idea
Looking for the price to head towards the H4 resistance at 166.04.
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
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