A heads up for the flows this week in GBPJPY, we are trading a very advanced call outguessing the Supreme Court decision meaning headline and event risk remain on high alerts.
PM Johnson is 6 weeks away from the finishing line for a no-deal, Pound will continue to bounce between the wide range which makes things a lot easier from a technical perspective. Here it is time to work the offer as we enter back into resistance, early shorts have been squeezed and we are back in overbought territory, simply it remains a good time to be a seller here.
For the map: Highs 135.0x => Mid 130.7x => Lows 126.6x
Best of luck all those trading GBPJPY and other Sterling crosses for the Supreme Court flows.
PM Johnson is 6 weeks away from the finishing line for a no-deal, Pound will continue to bounce between the wide range which makes things a lot easier from a technical perspective. Here it is time to work the offer as we enter back into resistance, early shorts have been squeezed and we are back in overbought territory, simply it remains a good time to be a seller here.
For the map: Highs 135.0x => Mid 130.7x => Lows 126.6x
Best of luck all those trading GBPJPY and other Sterling crosses for the Supreme Court flows.
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First targets hit !!!!
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Retrace leg in play
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Retrace leg
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Retrace leg complete - Wave 3 begins with the close.
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All eyes on the loading zone !!
