British Pound / Japanese Yen
Long
Updated

Long GBPJPY Trading Idea

127
Rationale for bullish GBP :

1. Market took the latest development on Brexit divorce bill as positive. UK Fin Minister Hammond was confident of a deal will be strucked before EU Summit in December

Rationale for bearish YEN :

1. Potential Risk-On sentiment (Equities market Europe closed with all green yesterday and Asian Equities market now is Up)
2. Not to mention BOE is so deep in QE and happily so...
Note
Inflation report testimony now. Not sure if the sentiment has shifted or not. will wait..
Note
Sentiment remains GBP bullish. Trade idea still valid
Note
Autumn Forecast Statement later
Order cancelled
this hit me in the balls hehe. Plan invalidated. WIll make new plan. I am still bullish Sterling

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.