... and beyond.

This trade naturally stands the reason. It is the worst G10 currency prospects versus what's still the most stable("best") G10 out there.
While Japan continues to maintain a healthy Account Surplus (for several decades by now) the UK decided to inflate the BoE's balance sheet to the tune of 120% of GDP, in just a few short months.
This fact alone justifies a complete re-pricing of this cross, without the need to speculate on the impending doom of the UK, a debt-ridden, rapidly aging, outpost (and Not just because of Brexit - which is a day late and a dollar short!) that is currently dying in the pandemic (economically and in the literal sense) faster than any other country in the developed world.
E.g. a total and rapid repricing of this pair is inevitable. (... and as we all know that, this pair can do that faster/better than any other pair in the majors!)

Here is the Monthly outlook
لقطة

- And for those who wondered "what the 2nd best trade could be"...;
لقطة
ملاحظة
Just a reminder where this is sitting at the moment
لقطة
ملاحظة
Here is the 2nd best trade a little cleaned up;
لقطة
تم فتح الصفقة
SHORT
لقطة
ملاحظة
لقطة
ملاحظة
... and this is how/where one can Enter SHORT....
لقطة
.... The Best long term (Short-and-hold) FX trade out there.
ملاحظة
لقطة
This a good place to (re)Load!! - Massive SHORT!!
تم فتح الصفقة
SHORT
لقطة
ملاحظة
لقطة
Notice the adjusted Stops.
تم إغلاق الصفقة يدويًا
FLAT - for now; +5 pips
ملاحظة
Looks like ...
لقطة
... they're going to Stop Hunt this, one more time.
تم فتح الصفقة
Massive SHORT
لقطة
تم فتح الصفقة
SHORT
لقطة
أغلقت الصفقة: تم الوصول لوقف الخسارة
FLAT; -25 pips
ملاحظة
We've changed our minds on this one!
لقطة
Don't like it as a short anymore due to an independent Sell Signal in the JPY.
This changes our premier Short Trade to this one;
GBPAUD - (Continuation) SHORT; (re)SELL it here!
Beyond Technical Analysisgbpjpyanalysisgbpjpyforecastgbpjpyideagbpjpy_outlookgbpjpysellgbpjpysetupgbpjpyshortgbpjpysignalHarmonic PatternsTrend Analysis

يعمل أيضًا:

منشورات ذات صلة

إخلاء المسؤولية