Long GBPJPY
Technically, a return to the trendline, which also represents an old resistance, we can see that the RSI is reaching its oversold zone, which could wake up the buyers. could find buyers for a return to the top of the figure and why not towards 178 if there is momentum.
Fundamentally, even if inflation in the UK starts to ease, it remains relatively high and far from the BOE's target.
Rate hikes are still necessary.
As for the BOJ, Ueda is continuing to preach easing policies, so bullish momentum for the yen will have to wait a little longer in my view.
Don't hesitate to let me know what you think. Thank you.
Fundamentally, even if inflation in the UK starts to ease, it remains relatively high and far from the BOE's target.
Rate hikes are still necessary.
As for the BOJ, Ueda is continuing to preach easing policies, so bullish momentum for the yen will have to wait a little longer in my view.
Don't hesitate to let me know what you think. Thank you.
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