benny_marshall

GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS

FX:GBPJPY   British Pound / Japanese Yen
- GBP FEATURE currently stands at 1.2608 LEVEL. Also the JPY FEATURE stays at 0.0077 LEVEL. GBPJPY PRICE is moving higher than DYNAMIC S / R LEVELS. So most of the time the PRICE can be a bit UP ahead. But the MARKET SENTIMENT must be POSITIVE if you want to BUY GBPJPY.

- STOCKS are currently DOWN. And VIX is becoming DOWN. COMMODITIES OVERALL DOWN. Also BONDS PRICES are becoming NEUTRAL. Also BONDS SPREADS are DOWN. Currently the MARKET RISK ON status is heavy. So definitely create a UP TREND for AUD CAD NZD and a DOWN TREND for JPY CHF USD.

- GBPJPY PRICE can be UP to 164.988 LEVEL before DOWN. Then you can BREAK the TREND LINE and DOWN to 157.611 LEVEL. Focus on breaking the TREND LINE. The VIX INDEX is also special.

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