GBP - BEARISH
1️⃣ Investors turned to safety amid concerns about US-China relations, while a stronger-than-expected US jobs report released on Friday supported the greenback.
2️⃣ Bank of England left monetary policy unchanged as widely expected and struck a less pessimistic tone about the economy, while noting that would take more time to recover from the pandemic-induced recession than initially thought.
3️⃣ A survey showing that a third of UK employers may lay off workers is weighing on the pound.
JPY - BULLISH
1️⃣ Expect risk-off market sentiments as investors proving cautious as China-US tensions flared.
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TECHNICAL
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- We short GBPJPY on RBS level + SMA 50 area.
- GBPJPY in bearish zone.
1️⃣ Investors turned to safety amid concerns about US-China relations, while a stronger-than-expected US jobs report released on Friday supported the greenback.
2️⃣ Bank of England left monetary policy unchanged as widely expected and struck a less pessimistic tone about the economy, while noting that would take more time to recover from the pandemic-induced recession than initially thought.
3️⃣ A survey showing that a third of UK employers may lay off workers is weighing on the pound.
JPY - BULLISH
1️⃣ Expect risk-off market sentiments as investors proving cautious as China-US tensions flared.
=====
TECHNICAL
=====
- We short GBPJPY on RBS level + SMA 50 area.
- GBPJPY in bearish zone.