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GBPJPY Week Ahead Analysis - 22nd - 26th May


GBPJPY Weekly Chart

Bullish market structure. Candles approaching previous rejection area

Weekly has formed support so anticipating price to continue bullish






Daily GBPJPY chart




  • Daily structure is bullish and making new highs

  • Flash PMIs on Tuesday is anticipated to be mixed data again so not much directional volume

  • Higher then expected CPI on Wednesday will lead to higher chance of raised GBP interest rates and stronger GBP and volume at the release

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