GBPJPY Long Trading Strategy
Hello guys,
Technical Analysis: here is my analysis for GJ in long-term period. As pointed out in the chart, the price from now on will continue its trend to meet up at 140.074. It is such an ideal zone to BUY for long. Waiting for signals and market trend, I hope it will go up 153.222 and then it will be finishing Elliot waves at 146.577.
In terms of economics, while the British hasn't verdict on the Brexit deal yet, it comes out a concern for the UK economy. Choosing between How to Deal and No Deal has anyhow affected recently falling interest rate of the Pounds. By the end of March 2019, the Deal will have been already closed, hopefully it is going a launch for British currency to recover its pride which I believe it roars up to that above-mentioned level.
From that I hope you guys have your own strategy for long-term trade.
If you like it smash the Like button below for my further analysis.
Good luck, everyone!!!
Technical Analysis: here is my analysis for GJ in long-term period. As pointed out in the chart, the price from now on will continue its trend to meet up at 140.074. It is such an ideal zone to BUY for long. Waiting for signals and market trend, I hope it will go up 153.222 and then it will be finishing Elliot waves at 146.577.
In terms of economics, while the British hasn't verdict on the Brexit deal yet, it comes out a concern for the UK economy. Choosing between How to Deal and No Deal has anyhow affected recently falling interest rate of the Pounds. By the end of March 2019, the Deal will have been already closed, hopefully it is going a launch for British currency to recover its pride which I believe it roars up to that above-mentioned level.
From that I hope you guys have your own strategy for long-term trade.
If you like it smash the Like button below for my further analysis.
Good luck, everyone!!!
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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.
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.