GBPJPY Short
This week we are looking to devalue the POUND as the YEN gains BULLISH momentum. Fundamentally, we have few minor JPY news with respect to earnings, Gross Domestic Products or the total monetary or market value of all the finished goods and services produced in Japan. It is projected that forecast is at 1.1% with unknown actuals until 7:50pm EST. Historically, previous data was 1.1% setting the bare min. expectancy. Technical analysis states that there is an OB leaving price action at an imbalance which now we are looking for the void to be filled to the lower low bullish OB indicated at our TP4. If this analysis holds water, we should see a compound of +500 pips. Cheers.
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