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.
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