As long as we do not make a higher high. This short-term short is very high profitable.
The targets is red because I couldn't figure out how to switch it. I expect eurgbp to be capped at 0.8835. 0.8600 is next on the list
This is a risky trade but has potential. I would buy to the targets and move stops when in profit. Nzdusd could have more down side but for now a pull back is expected.
I have been long on gbpjpy for the past weeks. Buying the rallies is a good idea. We have broken an important area opening more upside potential.
gbp has been hit earlier today by bad news. Yen on the other side gained some momentum and strength with the " Helicopter money" comment put aside. I i want to see 139.50 taken out for a continuation to the low side. I'm short at 141.20 and trailing. We have been racing on the daily up to the 143 price so we seem to have had enough times to break higher....
Earlier today we had confirmation that, "helicopter money" won't be needed. We have hit daily resistance 107.30 and fell down hard. jpy currently has gained strength. I'm currently short at 107. Waiting for 106 to be taken out and we can rally down to 105. Support and resistance, plus fundamentals are key in my book. We also have a nice wave pattern in the daily....