ZARJPY Long term LongIt's another brainless USDHKD like trade except not insured by a peg...
There is long term government initiatives within interest rates to appreciate the Rand.
And we all know the yen and BOJ wanting to see it much weaker...
We'll see how this plays out but I would like to catalog this as a moment of inflection on this pair with interest rates being the primary driving force.
Interest-rates
AUD/GBP Tringle Breakout at bottom.....Long and Short posibilyAUD/GBP Tringle Breakout at bottom.....Long and Short posibily!
After cutting the interest rate (RBA) on a new record low 2,00% (2,25% before) and a coming economic quarter forecast update a friday, so there could be a very nice move in the breakout direction!
All eyes on the interesting support or resistance level!