As seen from the chart, GBPJPY has been respecting the Fibonacci levels since early 2018. Currently, it seems to be rejected at the 0.618 level @ 144.205. However, British Parliament will be voting for Brexit Plan B later in the day.
Trade GBP only after the Parliamentary Brexit Vote due to volatility and uncertainty of the voting results.
Head and shoulders for USDCNH forming (Head @ 6.9500 and Shoulders at 6.9000), with Take Profit @ 6.6000 and Stop Loss @ 6.8520.
People's Bank of China has announced a change to Yuan policy to keep currency steady and restrain the depreciation to downplay speculation on a devaluation of the currency due to US-China trade war. In fact, China may be looking at...
