Why is the GBPJPY Forex cross pair rallying in August 2024?
Why is the GBPJPY Forex cross-pair rallying in August 2024? Don’t sell Forex cross-pairs after a strong sell-off – here’s why. The reason is that the markets are governed by the forces of supply and demand, whether we like it or not. These forces move the threads in the background, creating strong market price action....
GBPJPY: Analyzing the Factors Behind the British Pound’s Dominance over the Japanese Yen in Forex
Few currency pairs command as much attention and influence in forex trading as the British Pound (GBP) and Japanese Yen (JPY). But why does the GBP consistently outperform the JPY in the market? Join us as we delve into the factors behind this dynamic duo’s dominance and uncover what drives their success in forex trading....
GBPJPY Forex cross pair analysis and buy opportunity
The British Pound / Japanese Yen chart has been bullish for a few weeks after a new weekly demand imbalance located around 132.50. Several British pound cross pairs have started to rally, behaving similarly to the GBPJPY cross pair. GBPUSD is not an exception. Add to this that the Japanese Yen is getting weaker across...
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