A good time for an update to the GBPJPY chart after the latest Brexit updates and UK employment prints.
On the technicals we remain in the flows created from the same swing we traded in the Spring:
This has been a non-stop down move ever since the highs, a superb example of swing trading for all to witness. It is these exact flows which still provide the macro infrastructure we need to comfortably lean on further shorts:
As mentioned in the Telegram, it will be a very jittery few days with investors desperate for hints as to whether a deal can be agreed and can be pushed through Parliament this Saturday (the UK Parliament sitting on Saturday is remarkable for those outside of UK politics) meaning we are going to see very large gaps in all GBP crosses for next week’s open.
Best of luck all those with shorts.
On the technicals we remain in the flows created from the same swing we traded in the Spring:
This has been a non-stop down move ever since the highs, a superb example of swing trading for all to witness. It is these exact flows which still provide the macro infrastructure we need to comfortably lean on further shorts:
As mentioned in the Telegram, it will be a very jittery few days with investors desperate for hints as to whether a deal can be agreed and can be pushed through Parliament this Saturday (the UK Parliament sitting on Saturday is remarkable for those outside of UK politics) meaning we are going to see very large gaps in all GBP crosses for next week’s open.
Best of luck all those with shorts.
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