Permanecer 
Condiciones de negociación
Products
Herramientas
The GBP/JPY pair rebounded in the short term, but this could be only temporary. It's located at 181.63 at the time of writing. The Japanese Yen Futures' short-term drop forced the pair to grow. Technically, the bias remains bearish, so more declines are in cards.
Fundamentally, the BOJ left the Policy Rate at -0.10 as expected, National Core CPI rose by 3.1% beating the 3.0% growth expected, while Flash Manufacturing PMI came in worse than expected. On the other hand, the UK Retail Sales indicator reported only a 0.4% growth versus the 0.5% growth forecasted, while the Flash Manufacturing PMI and Flash Services PMI confirmed contraction.
Technically, the price crashed after registering only false breakouts through the downtrend line. After its massive drop, a rebound was natural. The price action developed a flag pattern.
This could represent a bearish continuation formation. The former low of 181.31 represents a key static support.
As long as it stays below the downtrend line, the GBP/JPY pair could drop deeper. A new lower low, a bearish closure below 181.31 activates more declines and is seen as a short opportunity.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
