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The Bank of England (BoE) faces a tricky balancing act as it prepares for its next policy decision. While the British economy has shown signs of contraction—shrinking by 0.1% for the second consecutive month—the latest BoE/Ipsos inflation expectations survey highlights a rise in public inflation concerns. Average inflation expectations for the coming year have increased […]

The post GBPJPY: Bearish Outlook appeared first on Action Forex.

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23/08/2024

Being Data-Dependent in an Uncertain World

The RBA Board is uncertain, including about the staff’s judgements about demand and supply. But is being data-dependent any better? Much has been made of the number of times the word ‘uncertainty’ or its variants appeared in the minutes of the RBA Board meeting in August. Perhaps more noteworthy was the increase in the number […]
09/04/2025

GBPCHF Wave Analysis

GBPCHF: ⬇️ Sell GBPCHF broke the support zone Likely to fall to support level 1.0785 GBPCHF currency pair recently fell sharply through the support zone between the support levels 1.1000 and 1.1100. The breakout of this support zone was preceded by the breakout of the daily up channel from September. The breakout of these support […]
09/02/2024

GBPUSD Retreats After Bullish Spike

 GBPUSD rests near the 20-period SMA RSI and MACD suggest bearish wave GBPUSD is falling after a bullish spike earlier today, testing the 20-period simple moving average (SMA) in the 4-hour chart. According to technical oscillators, the RSI is still standing below its 50 neutral mark, losing some pace, and the MACD oscillator has yet […]