GBP/JPY HEADING UPWARD FOR 153.50 IN MEDIUM-TERM
17/07/2017
By last week, the visit of 147.10-147.60 and hold has been the primary attention as addressed on the analysis. By reaching that level, two important indicators have been reached. First, the GBP/JPY’s long-term exchange rate target zone confirms for GBP/JPY turned to upward, and second, by reaching the level of 147.10-147.60 then GBP/JPY confirms on the upward alignment after turned back at 138.50. At such, both long-term and medium-term target zones mutually confirmed on the upward movement in medium and long-term.
The previous width of medium-term exchange rate target zone managed by BoE and BoJ about 22 % and wider than global monetarists’ consensus for 15 % to maintain the economic and financial stability.
Based on current new medium-term exchange rate target zone, the GBP/JPY will visit the level of 153.50 in medium-term. At such on medium-term exchange rate target zone 138.50/153.50 is recommendable. Buy/long from lower to upper bands for daily, weekly, monthly bonds will be updated in this analysis. Short/sell not recommendable to avoid possible risk.
By last week, the visit of 147.10-147.60 and hold has been the primary attention as addressed on the analysis. By reaching that level, two important indicators have been reached. First, the GBP/JPY’s long-term exchange rate target zone confirms for GBP/JPY turned to upward, and second, by reaching the level of 147.10-147.60 then GBP/JPY confirms on the upward alignment after turned back at 138.50. At such, both long-term and medium-term target zones mutually confirmed on the upward movement in medium and long-term.
The previous width of medium-term exchange rate target zone managed by BoE and BoJ about 22 % and wider than global monetarists’ consensus for 15 % to maintain the economic and financial stability.
Based on current new medium-term exchange rate target zone, the GBP/JPY will visit the level of 153.50 in medium-term. At such on medium-term exchange rate target zone 138.50/153.50 is recommendable. Buy/long from lower to upper bands for daily, weekly, monthly bonds will be updated in this analysis. Short/sell not recommendable to avoid possible risk.
Comment:
18/07/2017
It is likely to trade GBP/USD, GBP/JPY, GBP/CHF and EUR/GBP during this coming American afternoon session 1.00 PM - 4.00 PM New York Time. However, subject to the GBP/USD, GBP/JPY and GBP/CHF to reach their average weighted rates at lower band and at the same time the EUR/GBP to reach her average weighted rate at upper band. Pending for rate adjustment is GBP/USD and GBP/JPY, however GBP/JPY near the average weighted rate band.
It is likely to trade GBP/USD, GBP/JPY, GBP/CHF and EUR/GBP during this coming American afternoon session 1.00 PM - 4.00 PM New York Time. However, subject to the GBP/USD, GBP/JPY and GBP/CHF to reach their average weighted rates at lower band and at the same time the EUR/GBP to reach her average weighted rate at upper band. Pending for rate adjustment is GBP/USD and GBP/JPY, however GBP/JPY near the average weighted rate band.
Comment:
19/07/2017
I re-enter my long position on GBP/USD, GBP/JPY, GBP/CHF at 1.3030/14585, 1.2424 with stop loss 100 pips below to target 150-250 PIPs target for weekly bands.
I re-enter my long position on GBP/USD, GBP/JPY, GBP/CHF at 1.3030/14585, 1.2424 with stop loss 100 pips below to target 150-250 PIPs target for weekly bands.
Comment:
20/07/2017
GBP sleepy near the lower weekly bands and near the long entry rates. The medium-term target however unchanged as well as weekly upper band target.
GBP sleepy near the lower weekly bands and near the long entry rates. The medium-term target however unchanged as well as weekly upper band target.
Comment:
21/07/2017
I CUT LOST ON ALL WEEKLY BAND TRADING ON GBPUSD, GBPJPY AND GBPCHF BY YESTERDAY. I EXPERICED LOST ON THIS THREE PAIRS.
I CUT LOST ON ALL WEEKLY BAND TRADING ON GBPUSD, GBPJPY AND GBPCHF BY YESTERDAY. I EXPERICED LOST ON THIS THREE PAIRS.
GBP/JPY, GBP/CHF and GBP/USD under pressure to downward and at the same time EURGBP pushed to upward. The pairs are expected to be pressured to downward down to lower daily or weekly bands by reaching their average weighted rates at lower bands (upper band for EUR/GBP) at which rates long/buy to be commenced (short for EUR/GBP). Likely, the lower bands (daily or weekly) will be reached by tomorrow (upper for EUR/GBP).