GBP JPY SELLS
GBPJPY PRE NY/ NYSE TRADE IDEA
Bias: BEARISH
Fundamentals: BEARISH
-Current shift in sentiment as FUD develops with Russia attacking a village in Ukraine (Physical Conflict) that led to JPY strength, Equities weakness, Oil and Gold bullish
-Will want to see more aggressive conflict & comments to add to current fear sentiment so can play safe haven strength and weakness is risk currencies & equities.
-Analysing the US30 to see the MARKET IMPACT of Russia tensions we didn't see a DROP. This bearish pressure will come with NY/NYSE especially if Russia tensions hold weight throughout the session.
Technical: BEARISH
-Can see many rejections failing to break 157.
-Pullback to 158.8, 156.5 I will be looking for SELLS.
-Target 155.2
Bias: BEARISH
Fundamentals: BEARISH
-Current shift in sentiment as FUD develops with Russia attacking a village in Ukraine (Physical Conflict) that led to JPY strength, Equities weakness, Oil and Gold bullish
-Will want to see more aggressive conflict & comments to add to current fear sentiment so can play safe haven strength and weakness is risk currencies & equities.
-Analysing the US30 to see the MARKET IMPACT of Russia tensions we didn't see a DROP. This bearish pressure will come with NY/NYSE especially if Russia tensions hold weight throughout the session.
Technical: BEARISH
-Can see many rejections failing to break 157.
-Pullback to 158.8, 156.5 I will be looking for SELLS.
-Target 155.2
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