I am never going to understand. 5NITRO+ is not old friends with any members of the MPC. It does not have access to insider information. It cannot predict the future.
Yes, the GBPJPY reading on the M1 and probably M2 M3 M4 M5 and M6 timeframes just went "crazy". And so did all pairs with 'GBP' in them.
The GBPJPY M1 meter went "crazy" at 1:30am my time and changed from Up 80 some percent to Down 50-60-70-80 some percent because of these fundamental reasons:
Yes, the GBPJPY reading on the M1 and probably M2 M3 M4 M5 and M6 timeframes just went "crazy". And so did all pairs with 'GBP' in them.
The GBPJPY M1 meter went "crazy" at 1:30am my time and changed from Up 80 some percent to Down 50-60-70-80 some percent because of these fundamental reasons:
- The Bank of England just released MPC votes - rate increase or not
- Speculation for many months now has been that they are going to have to soon - it's coming
- This inevitability is
thea reason behind this breakout from multi-year lows and trying to revert to the mean as outlined on our currency strength page - @1:30:05am, GBPJPY dropped 15 pips to 173.25
- @1:30:06am, GBPJPY spiked up 50 pips to 173.75
- @1:30:50am, GBPJPY began its drop of 65 pips for the next 9 minutes
- @3:07am right now its hovering @ 173.109 close to support with readings of Down 70% (Extended) and 62% (Reduced) .... and it feels like it wants to go.