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BXY

GBPJPY LONG 500PIPSVery good second opportunity to long GBP and short JPY. GBP is the weekest currency and JPY is the strongest I believe that ratio will turn aroud in next weeks or 3-4 months. After July FED rate cut that I believe is imminent we will see new much higher ATH for stocks = risk on. Economic cycle will be extended thanks to rate cuts... On the other hand BOE might lower interest rates as well which would be bad for sterling BUT according to economists sterling's fair value is about +4% higher from current levels. JPY on the other hand is too expensive for Japans heavily export oriented economy so BOJ might intervene or investors might take a breath from shiny safe heaven. Technicals: price have reached demand zone and strong resistance from apri 2017. RSI oversold with divergence. MACD divergence as well WEEKLY MACD turning positive on higher timeframe. 3:1 RRR Target 38.2% fib retracement. GOOD LUCK
Long
by TG_Advisory
EURGBP SHORTShorting opportunity on EURGBP pair. Bullish on sterling I believe it will appreciate significantly in coming weeks and months. Technicals - Price have reached 61.8% fib level on bigger move lower MACD shows divergence loosing bullish momentum on DAILY TF RSI overbought with divergence. 1st support level 89.1 that I belive will be broken and will act as resistance after that 2nd support 0.88 and final target 3rd support 0.865 with fib confluence. 4:1 RRR 300pips Good Luck
Short
by TG_Advisory