Rejection at support levels (147-148) area can be taken as LONG continuation opportunity. Stops below previous low 146.5 area.
GBP sets to look BULLISH in long term perspective with progress in Brexit and Good Economic Data. Rise in inflation, improve in wages and unemployment rate being achieved will be good catalyst for BOE to bring back inflation to its 2% level. Market is anticipating BOE hike rates in 2018 and good progress in Brexit Negotiations.
JPY sets to be weak atm due to BOJ reappointing Kuroda as their Gov for the next term. BOJ Mon Pol QE is expected to remain until inflation target is achieved. Watch out for risk off sentiment.
LONG : 147-148
STOPS : 146.5
GBP sets to look BULLISH in long term perspective with progress in Brexit and Good Economic Data. Rise in inflation, improve in wages and unemployment rate being achieved will be good catalyst for BOE to bring back inflation to its 2% level. Market is anticipating BOE hike rates in 2018 and good progress in Brexit Negotiations.
JPY sets to be weak atm due to BOJ reappointing Kuroda as their Gov for the next term. BOJ Mon Pol QE is expected to remain until inflation target is achieved. Watch out for risk off sentiment.
LONG : 147-148
STOPS : 146.5
Comment:
SL HIT. WAITING FOR WEEKLY SUPPORT BULLS SIGNAL