Dear Traders,
The overall Monthly and weekly trend for GJ is Bullish.
However, last weeks we saw big volatility and sideway movements, respecting the bullish sentiment though.
Due to the above, I am bullish till the psychological level of 168. It can buy back up to 168.8 in my opinion but I prefer to set
realistic, faster and safer targets.
As usual, I put my SL far away in order not to be hit by some manipulation move.
JPY remains depreciated but we must keep an eye at inflation rate and Trade of balance regarding fundumental release of Japan.
GBP is at the bottom because of tax policy, inflation etc etc etc, but we are approaching the counter attack of BoE for mitigating the recession.
Good luck and I wait for your ideas!!!!
The overall Monthly and weekly trend for GJ is Bullish.
However, last weeks we saw big volatility and sideway movements, respecting the bullish sentiment though.
Due to the above, I am bullish till the psychological level of 168. It can buy back up to 168.8 in my opinion but I prefer to set
realistic, faster and safer targets.
As usual, I put my SL far away in order not to be hit by some manipulation move.
JPY remains depreciated but we must keep an eye at inflation rate and Trade of balance regarding fundumental release of Japan.
GBP is at the bottom because of tax policy, inflation etc etc etc, but we are approaching the counter attack of BoE for mitigating the recession.
Good luck and I wait for your ideas!!!!