Citi: trade idea for GBP/JPY
Read the article on FBS website
Analysts at Citi recommend buying GBP/JPY at 147.41 with Take Profit at 150.00 with Stop Loss at 145.67.
Similar
CAD: Markets Await GDP Release
During the Asian session on Wednesday, the USD/CAD pair rebounded after two days of losses, reaching around 1.3590. This uptick is fueled by a stronger US dollar and lower crude oil prices, which put pressure on the Canadian dollar. The decline in Western Texas Intermediate (WTI) oil prices to approximately $80.70 is attributed to...
Trade of The Week: AUDNZD Trade Breakdown
The Australian Dollar (AUD) rebounds on Monday, despite a slight dip in the US Dollar (USD) and higher US Treasury yields. Investors are eyeing Australian monthly Consumer Price Index (CPI) data for February and US Gross Domestic Product (GDP) for Q4 2023. The AUD gains momentum as the ASX 200 Index rises, especially in mining and energy sectors. Additionally, the Aussie...
XAUUSD: Markets Slow Down Ahead of NFP
Gold prices rose on Monday as the US Dollar weakened amidst speculation about potential Federal Reserve rate cuts starting in June. This weakened Dollar was partly due to improved risk sentiment pushing US Treasury yields lower. Despite facing challenges from declining yields, gold prices recovered to nearly $2,170 per troy ounce, driven by the Dollar's weakness. Federal Reserve Chair...
Latest news
USD: Powell Speaks on Cutting Interest Rates
- trading strategy
- eur
- aud - australian dollar
- usd
- market forecast
- forex trading
- 7 day market prediction
- forex signals
- trade ideas
- gbp
- technical analysis
- fundamental analysis
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
WTT: Currency Pairs To Trade In April
- trading strategy
- usd
- market forecast
- cad - canadian dollar
- 7 day market prediction
- chf - swiss franc
- forex signals
- trade ideas
- gbp
- technical analysis
- fundamental analysis
- jpy - japanese yen
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...