GJ is going up all through Feb if interest rate increase

Fundamental Analysis: For last almost 2 weeks GJ was giving some mixed signal. Now it seems like official bank rate is going to increase for GBP whereas US fed will increase the Bank rate at March. So fundamentally I am thinking that GJ will go up all through February and started falling from beginning of March and ultimately fall hard IF US Fed increase in bank rate more than forecast (i.e 50 basis point). If that happen then in March GJ price will go down.

Technical Analysis: technically GJ is now at a major zone of 155.4 - 155.7. From volume it looks like big investors have taken their position 154.3 area and since then its slowly going up. So my assumption is 30 mins from now GJ will try to break above the 155.4-155.7 area and retest it and then go up. Lets see how all these things work together.


Alternate Plan: If BoE does not increase the interest rate then I am expecting a sudden downward trend (but chances of that is slim at this moment)

Comment:

Hope everyone is enjoying nice profits as per the analysis

Comment:

Taking out most of the profits

Trade closed: target reached:

Closed all position