Hammond finished his budget presentation and debates, leaving market with mixed views about the UK economy, opposition tapped very serious issues, no clear answers had been given, pound is mixed over the board and Yen is gaining momentum and is taking cues on GBP
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notice that DJI is off the high and VIX is on the green
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Now all US indices are on the red, more losses gives more losses for GBPJPY, if losses deepen on indices that will reflect with JPN225 and will strengthen the JPY for reaching more points on the bottom for GBPJPY, could be 147.85 or 147.50 and even more by the Asian Session
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200 MA 4HRS is on 148.79 , below that will accelerate more losses on the pair with 148.50 as a hurdle on the way down
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Short Taken @ 149.35 SL 149.51 TP 148.15 and 147.20
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Trade Update: Short Taken @ 149.35 SL 149.51 TP 148.15 ,147.20, & 146.80
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JPY is getting momentum and that opens door to 148.30 as next hurdle, a clear break below 148.30 will open the horizon to 148.00 and 147.70 as targets
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US indices keeps falling and VIX is getting higher, things looks to be on our way to GBPJPY south
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Trade Update: Short Taken @ 149.35 SL 149.51 TP 148.15 147.55 147.20 146.80
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I will think seriously to close by 147.70 -147.85 area and assess the market from there
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Sell a failure 149.12 - 149.03 Target session low at 148.70 - 148.60 -- SL above 149.25