GBP/JPY - The excellent level for buy

No more headache, broken teeth got healthy, time to get back to work. I personally enjoy working with GBP/USD and GBP/JPY. Because of the great volatility, i.e. adrenaline.

Today it is obviously not the best day for USD on the market, and the situation is much worse with JPY. CPI in Japan has been declining for 8 months in a row now, BOJ Target Rate will definitely stay on the same place. Speaking about Australians and New Zealanders they are not going to have fun with the high inflation according to the latest records. That’s the reason why I expect the revitalization of the carry trade and the declining of the JPY exchange rate. At the moment there are good levels for buying GBP/JPY. It indicates the Bullish divergence on the day chart. I think that in the next two-three months we will reach the historical maximum.


The situation is more difficult with USD. Futures show the great possibility of FED rate declining to 4.5%. It is negatives for USD. However it happened for USD to grow up in such situation. Anyway USD might raise on the short period. So, watch and think over.

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