chastic

PMI gave the push downwards

Short
FX:GBPJPY   British Pound / Japanese Yen
A slight disappointment on the PMI, from the UK, gave the GBP a reason to continue falling. I'm in on a small position, because it's not that JPY came out with super strong numbers either. Hopefully a rapid profit over the next few days. A quick note, 10ema 55ma and 200ma is all pointing downwards. It's not favored long. Even though, it might bounce up when people close their positions for the weekend, I still think it is a short for the next week.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.