Yahia.Awes
Long

#JPN225 Nikkei Index in an uptrend channel

FX:JPN225   Nikkei 225 index of Japanese listed shares
132 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.
snapshot
which feeds into the fact that the GBPJPY is bearish...
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Yahia.Awes RJHumphries
NO, GBPJPY will be BULLISH when the Japanese markets get bullish.
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Surely if Japan is getting stronger the Pound will be able to buy less Yen pushing the GBPJPY lower??
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Yahia.Awes RJHumphries
You need to understand the following, when the stock markets are bullish, the valuta gets bearish.
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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!!!!
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Yahia.Awes RJHumphries
You're welcome.
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