#JPN225 Nikkei Index in an uptrend channel

FX:JPN225   Nikkei 225 Index
133 6 10
Looks like it wil head higher, which could mean a lower value of the YEN.
Comment: This one might spike up hard soon, bull power is getting build up big time.
which feeds into the fact that the GBPJPY is bearish...
Yahia.Awes RJHumphries
NO, GBPJPY will be BULLISH when the Japanese markets get bullish.
Surely if Japan is getting stronger the Pound will be able to buy less Yen pushing the GBPJPY lower??
Yahia.Awes RJHumphries
You need to understand the following, when the stock markets are bullish, the valuta gets bearish.
this has been conpexing me since you wrote it and now i see, and its very very obvious! As a market gets stronger its currency becomes more valuable to other countries. Thus when Japan is kicking ass a British pound can buy less Yen and therefore we have a bearish currency cross..

Right now Japan is getting stronger compared to the UK which is trickling sideways and so the cross is bearish. Thank you Yahia!!!!
Yahia.Awes RJHumphries
You're welcome.
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