PENDING GBPJPY LONG

١٣ ديسمبر ٢٠١٩

Everyone already knew the result of UK election and what made it went so high.

However, I'm entering the PENDING LONG now for the future potential of GBP.

-Now that Troy party has won, we can be sure to see the final chapter of Brexit and if there is anything the market likes, that is certainty over uncertainty.

-GBP has been oversold ever since the Brexit and now the market will slowly get back to the pre-Brexit level

-UK economy has been resilient in the face of the Brexit for the past 3 years, and now we can finally remove the Brexit element and look at the country as a whole

Moreover, the current trade negotiations between U.S and China have come to a better stance
FED is not looking to raise interest rates anytime soon, meanwhile, all other major countries are looking to cut while BOE has already cut previously as a safety measure, and now it most likely will hold the rate.

-Finally, the conservative party will be much more business-friendly than labor and at least, that is how the financial market perceives and we should see more investment/business coming back to UK again.


All in all, i think there is still a long way for GBP to go upside.