Today is relatively a non-event day for EUR and GBP so learning from my failed AUDNZD Short yesterday I'll try betting with the momentum. The basic thesis is if there is no fundamental event that alter the market perception of the pair, retail sentiment will be able to influence it and force the pair to drift.
The reason I choose EURJPY and GBPJPY is because they are the most shorted pair. This is also still within my experiment thus I'll only bet a combined 1/2R on these 2 bets. I will continue to monitor sentiment across UK and US session to see if there is any acceleration/decelleration of the momentum.
Technical level to watch:
- EURJPY: 133.0 - 131.5 (I don't think it can drift all the way there but I hope it can drift and end the day as close to 132 as possible).
- GBPJPY: 149.5 - 148.5 (again, I'd be very happy if it can touch 148)
The reason I choose EURJPY and GBPJPY is because they are the most shorted pair. This is also still within my experiment thus I'll only bet a combined 1/2R on these 2 bets. I will continue to monitor sentiment across UK and US session to see if there is any acceleration/decelleration of the momentum.
Technical level to watch:
- EURJPY: 133.0 - 131.5 (I don't think it can drift all the way there but I hope it can drift and end the day as close to 132 as possible).
- GBPJPY: 149.5 - 148.5 (again, I'd be very happy if it can touch 148)
Comment:
Interesting. The GBP just make a sudden move that is out of my understanding. I'll take it and took off both trade and net my 1/2R