GBPJPY Do We See Downside Momentum?

1月15日

Dear traders,

I think from a technical standpoint the chart is speaking for itself.

After our successful trade from yesterday that I shared with the Trading-View Community (long) I now think there is a corrective move on the way. Which is good. From a fundamental POV long term I remain bullish see note below:

GBP continues to keep interest rates environment higher vs JPY which was kept unchanged and low relative to GBP making it less interesting for investors to keep reserves.

Never listen to someone else, always lose and win from based on your own judgments. At least you will never be disappointed.

Best regards
Kevin

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