GBPJPY - LONG
GBPJPY is in the upward trending channel, coming off a HL & a inverted head and shoulders pattern, I expect to see a bullish run after a pullback into previous broken S turned R. Investor fears over the Trump's health are easing while health officials expect to discharge the President from Walter Reed as early as today. Also, optimism over a fresh US fiscal stimulus plan is growing as analysts see increased urgency from both sides, House speaker Nancy Pelosi is pushing for the appeal as well. Asia's MSCI Pacific Index climbed 1.3% while Japan's Topix Index closed 1.7% higher. By 5:50am S&P 500 Futures pointed to plenty of green at the open, the 10-year government treasury bond yields skyrocketed.
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