Ciba
Long

LONG on Kuroda not forecasting higher inflation

FX:GBPJPY   British Pound/Japanese Yen
89 1 0
From last idea, LONG TP SL taken out on price dip due to consolidating before BOJ press conference. Going LONG again for the following reasons:

1) CCI/RSI tandem strong signal LONG
2) Hitting off of the 100 and 200 MAs again
3) Revving up for USD data announcements (prepare for volatility )
4) Second attempt at breaking the LT             consolidating triangle
5) We may have seen this pattern before on the 26th-27th of March.
6) Double bottom (but not at an actual bottom) - two attempts to turn SHORT failed by the MAs holding.
7) BOJ downgrades 2014 GDP from 1.4 to 1.1.

Alternatively, instead of GBPJPY             , look towards AUDJPY? Danske released a report saying they'd like to buy AUD, as GBP is getting overheated/overvalued. Danske revised TP from 173.95 to 174.55.
Yeah, it should go up.
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out