WHSELFINVEST:GBPJPY   British Pound / Japanese Yen
With the Brexit transition starting - let's see what happens.

Outcome for a Brexit 'Yes' vote.
As we come into the holiday season - there is important volume to note here, however the major players are positioned for either way.
We have the purple buy zone, which price has seen a nice consolidation with some rejection wicks.

January update:
The amount of deals now in place with respective governments and individual deals for exports, flow of people and long term deals with infrastructure projects - we will now see the Yen to weaken. Provided there are now upsets from Internal UK parties to cause a stir nor Brussels or Euronations rejecting.

With now the second vaccine beginning to take place on the target of 2million vaccines conducted per week - this will see the nice flows taken from the JPY shorts with institutions moving away to keep the upside moving as the UK races to lower the cases.

Provided the probability seeing further buying power.
We will see a huge engulfing candle to start the new imbalance.

Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.

If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
If you feel our work is exceptional and would like to donate coins, this is highly appreciated.
Regardless we will continue producing analysis.

Team Lupa

Related Ideas