Looks like it wil head higher, which could mean a lower value of the YEN.
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This one might spike up hard soon, bull power is getting build up big time.
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JRFreeze
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which feeds into the fact that the GBPJPY is bearish...
ElPatron.Y
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NO, GBPJPY will be BULLISH when the Japanese markets get bullish.
JRFreeze
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Surely if Japan is getting stronger the Pound will be able to buy less Yen pushing the GBPJPY lower??
ElPatron.Y
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You need to understand the following, when the stock markets are bullish, the valuta gets bearish.
JRFreeze
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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!!!!