LONG GBPJPY
Technically
the pair is showing the bullishness.
In the few days past, it has shown the corrective move.
Yesterday, it completed the ABCDE pattern and it broke to the upward by breaking the Highs in the 1H timeframe.
I expect the previous highs to be broken and shoting to the almost highs.
Fundamentally;
GDP DATA
#goodstrade balance non EU 4.950B to 5.0B
#goodstrade balance sep15.06B to16.2B
#GDB mon sep 0.2% to 0.2 (unchanged)
#GDBgrowth rate 0.7% to 1.0%
Educational comment
If the data expected will be as it is, the GBP will remain bullish.
the pair is showing the bullishness.
In the few days past, it has shown the corrective move.
Yesterday, it completed the ABCDE pattern and it broke to the upward by breaking the Highs in the 1H timeframe.
I expect the previous highs to be broken and shoting to the almost highs.
Fundamentally;
GDP DATA
#goodstrade balance non EU 4.950B to 5.0B
#goodstrade balance sep15.06B to16.2B
#GDB mon sep 0.2% to 0.2 (unchanged)
#GDBgrowth rate 0.7% to 1.0%
Educational comment
If the data expected will be as it is, the GBP will remain bullish.
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