GBP/JPY up nearly 500 pips, poised to close at highest since 2008 via ForexLive


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You need to be crazier than a gang of French clowns to trade GBP/JPY on days like today but, dang, it sure pays when you're on the right side.

The pair has carved out a new high at 179.55 and is up nearly 5 full figures on the day. The daily chart is almost comical given the huge bullish candle but what should really irk news traders is that the move didn't came super suddenly.

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If you knew what the BOJ decision meant, there was plenty of time to get on board.

GBPJPY 1 minute candles

Anyway, trading is the easiest occupation — in hindsight.

posted via ForexLive


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: ForexGlobalEconomics