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GBP/JPY Signal - GBP 30y Bond Auction - 11 Mar 2021

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Signal Details
Entry Price: 
151.110
Take Profit: 
151.80
Stop Loss: 
150.600
Direction: 
Buy
How we trade
Average: 5 (1 vote)

GBPJPY is trending to the upside currently ahead of the GBP 30y bond auction. The yield on the bonds represents the return an investor will receive by holding the bond until maturity. Technically the pair is above the moving averages and we anticipate continued upside.

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.