GBPJPY - BUY

1 ก.ค. 2024

• Sentiment of Traders are Buying
  
• GBPJPY is 314 pips over extended past Sentiment of Trdaers target but it has been for weeks now as have all Jappy pairs
  

• Can I suggest continuation
  

• Market Sentiment
  Risk-On Sentiment:
• Global markets showed a risk-on sentiment this week, with equity markets rallying and investors seeking higher yields, benefiting the GBP over the JPY.
  
• Positive sentiment around the UK’s economic resilience and the BoE’s proactive stance on inflation has attracted investment into GBP.
  
• Political Stability
  
• UK Political Developments:
  
• The UK's political landscape remains relatively stable, with the government focusing on economic growth and inflation control.
  
• Recent government announcements on infrastructure spending and incentives for businesses have been positively received by markets.