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GBP/JPY – Trading the options

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 6, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Sterling Yen has picked up its bear trend again after having traded between 159.00 and 164.00 for the past 6 weeks. Last Friday price opened at 161.60, today’s open was at 156.18. Sterling seems to have picked up momentum to the downside again after recent comments from the Bank of England that negative interest rates may be necessary in the near future if the economy continues to falter. Martin Weale, a Monetary Policy Committee member, stated that it may be necessary to cut rates again. He

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