Today i will give you all a detailed explanation on my overall view on gbp/jpy. It is very obvious if you look @ the overall perspective An supply and demand of things, we have steadily been going into an upward trajectory ever since about around mid march. The trend is still overall bullish, however it becomes a whole lot more complex when you factor in monetary inflation percentages and of course your overall exposure to the markets. Geopolitical news, macro news, micro-economics and of course the whole BREXIT thing which is currently still in talks with EUROPEAN UNION and is looking to be a NO DEAL will a no deal affect the currency in a positive way? An be a sign of Strength for the UK? will we see a deal by October ? and will this in turn cause the pound to range, head back down stabilize or indeed continue its upward yearly Price action momentum well we will all just have to wait to see! We all do are due diligence as retail Investors to place the best trades possible at the best times. For you all at tradingview GBP/JPY should still head down if you are looking for a short term perspective on if its a BUY OR SELL? I would start Watching how PRICE REACTS @136.800 - 137.000 levels for potential buy opportunities if the sterling is going to continue its upward yearly direction. Hopefully this has helped someone feel free to send me a message or drop a comment.
Take care, Best of Luck
tradesharp.
Comment
⋅
GBP/JPY STILL A SELL IN MY OPINION JUST RETESTING.