GBP JPY formed a bullish Morning Star pattern

#GBPJPY #GBP #CryptoMarketMoves #Marketsentimentstoday #Market_Update

General outlook

GBPJPY has been trading in a bearish trend for the last couple of hours.

Now, the price displays a bullish Morning Star pattern. The price is ready to rise.

The upcoming news will not influence your orders within the mentioned period.

BOE RATE HIKE ODDS FOR THIS WEEK NOW A NEAR COIN FLIP 🕹️

The odds of a 25 bps rate hike fall to ~53% now after the softer UK inflation data earlier

BOE monetary policy report coming up tomorrow, but before then, we have very important Fed FOMC statement coming up later today and high impact/volatility is expected on USD pairs and Gold. 🤑🤑🤑🤑

#GBPJPY is looking south on daily and weekly chart 💰

#USD is about to pay a visit to hell😁