HELLO TRADERS,
HERE'S OUR ANALYSIS OF GBPJPY
WE COULD SEE EITHER A CORRECTION TO THE 135-136 HANDLE
OR CONTINUATION TO THE 141-144 PRICE POINT
PRICE DID CREATE A NEW WEEKLY HIGH THIS WEEK AND HAS SURPASSED MARCH HIGHS BUT FAILED TO CLOSE AT THE HIGHS THIS WEEK
SO WE COULD SEE CONTINUATION COME SUNDAY MARKET OPEN AUGUST 16TH
INCREASING WEAKNESS IN JPY NOTICED...
On the GBPAUd pair I have identified a prosperous trade setup, an opportunity to go short. The GBp has recently not met a deal for the Brexit agreement which means the Sterling will soon be on its own. The impact this will have on the market will ultimately push the Gbp down to lower levels, I am personally seeking 1.6500. Also the Feds are speechless as to if...
