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Rocketman
Mar 8, 2016 10:56 AM

GBPJPY Fundamental & Technical Trade! Short

FX_IDC:GBPJPY240
BRITISH POUND / JAPANESE YENICE

Description

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Finally, I have a good fundamental and technical trade that seems to match.

UK's GBP idustrial production y/y and manufacturing production m/m and y/y should drop. I think the manufacturing PMI will push this in the short direction: tradingeconomics.com/united-kingdom/manufacturing-pmi

It will probably good to take a look at GBPUSD. Gotto go. Will update later.
Comments
Gregory28
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I see I'll fallow your idea, I'm just curious , do you think it will hit bottom today again?
Gregory28
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Seem like its start go in different direction then you wanted.
Rocketman
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I'll know on March 9th whether I am right or wrong: gyazo.com/82c69f08953a6a1b7a130521ffed481d
QNT
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Despite the ongoing lack of upward strength, the bullish tone prevails
Rocketman
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Yes, I agree. I am hoping that this will change tomorrow, if my prediction is correct for UK's data. If I am wrong, then I may bail out quickly, but my fundamental predictions seldom fail. This is not a Grexit trade. I think it is too far away to be worried about it. I'm just a small retail trader, not those large hedge funds.
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