2 minute daily review GBP / JPY
Good-morning guys,
I’m back again with my 2 minute daily review.
I want to trade the Pound / Yen, because my macros are lining up with my technicals.
Firstly I want to discuss my view on the Yen and why my overview is Hawkish, so let’s dive in.
Yen is beginning on its slow growth phase and starting its recovering from the recession. All lining up with the potential upcoming intervention.
The Pound is a bit of a mess to be honest with investors pulling out their money from fund managers as it fell to a new low. + Banks erased gains from Monday with Barclays 1,2% while Floyd and HSBC both eased 0.5%.
Align with the technicals which says also shorting is the best option.
We are in a solid downtrend with lows after lows. We tapped all the extreme zones, and also created clean bearish order-flow.
I’m back again with my 2 minute daily review.
I want to trade the Pound / Yen, because my macros are lining up with my technicals.
Firstly I want to discuss my view on the Yen and why my overview is Hawkish, so let’s dive in.
Yen is beginning on its slow growth phase and starting its recovering from the recession. All lining up with the potential upcoming intervention.
The Pound is a bit of a mess to be honest with investors pulling out their money from fund managers as it fell to a new low. + Banks erased gains from Monday with Barclays 1,2% while Floyd and HSBC both eased 0.5%.
Align with the technicals which says also shorting is the best option.
We are in a solid downtrend with lows after lows. We tapped all the extreme zones, and also created clean bearish order-flow.
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