BK Big Trade – GBP/JPY +72

BK -- close GBP/JPY at 194.20 for +72

***Place Order to Buy 1 Lot GBP/JPY at 193.48 TRIGGERED

Reload GBP/JPY Orders ahead of BoE

Place Order to Buy 1 Lot GBP/JPY at 193.48

Place Order to Buy 1 More at 191.10

Stop for ALL at 189.60

We like GBP/USD and we like USD/JPY which makes GBPJPY one of our favorite trades.

It will be a historic week for the British pound because for the first time ever, the Bank of England will deliver its monetary policy announcement, release the minutes from the meeting and its Quarterly Inflation Report at the same time on “Super Thursday”. Forty five minutes later, BoE Governor Carney will hold a press conference. We know that the head of the U.K. central bank tends to maintain a hawkish bias. The big question is how many Monetary Policy Committee members will vote against keeping rates unchanged. Even if one shifts away from the consensus, it could be enough to drive sterling sharply higher.

Swing

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