GBP/JPY Rebounds on UK Q1 GDP Growth - Bullish Momentum Builds

12. Mai 2023

In the European morning on Friday, GBP/JPY continues its recovery momentum and is climbing towards the 169.000 level after the release of UK data indicating a 0.1% growth in Q1 GDP. Additionally, both Industrial Production and Manufacturing Production saw expansions of 0.7% in March. On the technical side, GBP/JPY experienced a rebound on the dynamic trendline that is in conjunction with the 61.8% Fibonacci level. Notably, the dynamic trendline has served as a support in the past and allowed the price to rebound. With this in mind, our idea revolves around a fresh long impulse towards the maintrend in a pure swing trading setup.

15. Mai 2023

Trade ist aktiv

The GBP/JPY appears to be continuing its bullish rally, with the immediate target of 171.000 within reach.

17. Mai 2023

Anmerkung

✅ First Take profit Archived , running for TP2 !

19. Mai 2023

Anmerkung

19. Mai 2023

Trade ist aktiv

20. Mai 2023

Trade geschlossen: Ziel wurde erreicht

24. Mai 2023

Anmerkung

27. Mai 2023

Trade geschlossen: Ziel wurde erreicht