Forex Chart Of The Day: GBPJPY Could The Price Trade Higher?

From blueberrymarkets.com

video The price of GBPJPY has recently found support at a key level. This recent move could have been driven by the latest announcement from the Bank of England which stated that the central bank has purchased more Government Bonds. The JPY weakness will likely remain in the market if the risk off sentiment begins to fade. The Japanese Central Bank has still refrained from hiking rates despite intervening in the markets a couple of weeks ago. chart Looking at the chart we can see that the price has rejected the key 160.50 lows after a week of risk off sentiment. Recently the 4hr time frame has consolidated at ... (full story)