As the real brexit is imminent. And market conditions are prompting for risk aversion to be kicked in. We entered short on GBPJPY @140.57, position is inching toward first target.
An opening gap on monday signals an upcoming shake. 1- Brexit in next few days 2- FED rate hike bets on more than 50%. 3- North Korea missile adventure ignite the situation further 4- Trump again orders traveling ban, but led by SC this time. 5- French Election 6- 3 central banks (FED, Boj, BOE) to issue policies next week after RBA.
all above events may trigger the risk-aversion. Yen will gain against basket of currencies in such conditions. Pairing an anti-risk currency with weaker OR vulnerable to risk is best to trade.
Thanks for excellent Technicals to give us a green light.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.