GBP/JPY longs

Hi Guys,

Been a while since I published anything, as ever this is not trade advice and I don't recommend you take any of my trade ideas. Recently Pound Yen has been in a decent uptrend and has broken and closed above previous support turned resistance.

In the long term I think we can see the Pound rally to above the 160 level and continue to move higher in 2018. There wasn't too much support/resistance on the way down because of the Brexit shock and a huge sell off in the Pound across all currencies.

If news on Brexit remains positive (Theresa May giving in is positive, and Brussels have been generally concillatory) then the Pound will rally across many pairs and continue to move higher. The 'Dovish' hike may also turn out to be less dovish and if inflation remains higher then the BoE will be required to raise rates more quickly than indicated in the press conferences at the tail end of last year.

Good luck guys and note this is a long term chart so it needs weeks and months to develop.

I look forward to having a look in a couple of weeks.
评论: I did not take this set up however i would exit all JPY shorts due to stock market correction and money flow going back to Japan.
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出