Hey Traders! 👋
For Day 29/100 of our challenge, we will look at GBPJPY for further upside potential this week/month
// Related to previous GBPJPY long idea
Technicals:
- Overal uptrend
- Break of 176 means more upside expectations
- Expecting a retracement towards previous resistance at 176-175.5
- New target 179 for the month
Fundamentals:
- BoJ meeting this week expected to dampen hopes for any shift to a hawkish policy stance
- UK data expected to come out positive this week (with claimant count change setting the pace)
- Positive UK data will offer more support for aggressive BoE rate hike pricing
Anyways, that's all for today. Our trade ideas have been phenomenal lately. Share and stay tuned.
See you tomorrow 🥃
For Day 29/100 of our challenge, we will look at GBPJPY for further upside potential this week/month
// Related to previous GBPJPY long idea
Technicals:
- Overal uptrend
- Break of 176 means more upside expectations
- Expecting a retracement towards previous resistance at 176-175.5
- New target 179 for the month
Fundamentals:
- BoJ meeting this week expected to dampen hopes for any shift to a hawkish policy stance
- UK data expected to come out positive this week (with claimant count change setting the pace)
- Positive UK data will offer more support for aggressive BoE rate hike pricing
Anyways, that's all for today. Our trade ideas have been phenomenal lately. Share and stay tuned.
See you tomorrow 🥃
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See you there! 👽🥂
See you there! 👽🥂
