GBPJPY sitting on a pretty big level 147.70/85

GBPJPY sitting on a pretty big level 147.70/85

For the ones liking to catch a falling knife If there’s any corrective activity to be had in the risk off slump, it should be from this level imo. 23.6% fib of the Feb/March decline and a trend line support from early March . Below there sellers take firm...
GBPJPY sitting on a pretty big level 147.70/85

GBPJPY – This traders dilemma

It’s always difficult and challenging to try and make sense of charts from a longer term perspective   I noticed late yesterday that GBPJPY was on the way to making an outside day ( bearish engulfing Candle ) on the daily chart. I was hesitant to open a...
How about some JPY buying to end the week with?

How about some JPY buying to end the week with?

Yen pairs feeling the heat Quick drops in yen pairs and crosses. Nothing to do with Kuroda who hasn’t said anything off the beaten path. USDJPY down to 108.89, from 109.55. EURJPY drops to 135.29 frpm 136.00. No news that I’m seeing...
How about some JPY buying to end the week with?

GBP is buyers choice at the fix

Some fix action sees the pound in demand GBP is being bought around the FX world into the London fix. GBPUSD is up to 1.3581 from 1.3560, GBPJPY gains around 25 pips to 153.43. EURGBP softer by 15 pips from 0.8830. As this is the first full trading week of the New...

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