Friday, August 16th 2019. GBPJPY Quote 129.10
GBP / JPY (Great British Pound / Japanese Yen) is the preferred instrument to buy GBP; buy GBP because of the trend created this week (August 12-16) and JPY because its' upsides will be more limited with it being up (refer to USDJPY May-August 2019).
GBPJPY target 132 (quote 129.10) for a 2.2% difference.
Duration 1-8 weeks. Estimated 2-3 weeks.
GBP / JPY (Great British Pound / Japanese Yen) is the preferred instrument to buy GBP; buy GBP because of the trend created this week (August 12-16) and JPY because its' upsides will be more limited with it being up (refer to USDJPY May-August 2019).
GBPJPY target 132 (quote 129.10) for a 2.2% difference.
Duration 1-8 weeks. Estimated 2-3 weeks.
Trade closed: target reached:
September 11th, less than a month in quoted at target 132, 2.2% from initial 129.10.
Well within 8 week duration, inside estimate of 2-3 weeks.
Today's October 16th quote 139, a massive 7% difference from quotes 8 weeks ago.
Well within 8 week duration, inside estimate of 2-3 weeks.
Today's October 16th quote 139, a massive 7% difference from quotes 8 weeks ago.