GBPJPY short
I think GBPJPY moves lower from here.
I think for the most part cross jpy moves lower on the back of a hawkish fed and lower risk assets. Risk assets have moved higher the past two weeks on the back of peak fed and peak inflation but i still think we move lower as there are still geopolitical risks to deal with, very high inflation that central banks will still have to deal with and stale jpy short positions.
the us 500 seems to be pushing lower and could form a pivot and move downward so i believe it could be a good time to try and GBPJPY short. GBP still has a lot of issues including the cost of living situation and overall market narrative that they will be dovish this year due to the cost of living crisis.
Not trading/investment advise, feedback welcome!
I think for the most part cross jpy moves lower on the back of a hawkish fed and lower risk assets. Risk assets have moved higher the past two weeks on the back of peak fed and peak inflation but i still think we move lower as there are still geopolitical risks to deal with, very high inflation that central banks will still have to deal with and stale jpy short positions.
the us 500 seems to be pushing lower and could form a pivot and move downward so i believe it could be a good time to try and GBPJPY short. GBP still has a lot of issues including the cost of living situation and overall market narrative that they will be dovish this year due to the cost of living crisis.
Not trading/investment advise, feedback welcome!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.