If ECB Conference is good. I expect a minor correction. Here's what 2 watch 4:
-Gbp- Prelim GDP
possibly -Jpy- household spending & retail sales.. it depends where price is 2 know how it can really affect this pair
P.S. its a short but I put neautral becuz of ECB Conference
1 country wouldn't boost it.. but many countries trying 2 do business with UK already is HUGE. I'll be looking 2 make charts soon for a Long term buy. http://www.bloomberg.com/news/articles/2016-07-22/johnson-says-u-k-approached-by-australia-india-for-trade-deals
When using fundamentals..try not 2 4get about something that can determine a currency's short- midterm run. I regret making my most recent GBP JPY chart. Sorry guys. I lost my mind at the time & sentiment is still in favor or Kuroda's comment which has driven Jpy. Stick 2 ur plan ;) & good trading
It was the Prime minister that mentioned it earlier.... than Kuroda came out saying it's not needed. Then. Rumour came out days after Kuroda's comment.. then it's been mentioned that the 10 Trillion Yen stimulus isn't true & that's what probably caused Jpy's strength earlier. Idk I have yet 2 dig buy I'm kinda busy right now enjoying summer ;) watch out 4 Aud CPI today.