GBPJPY Has been a great pair for is to trade on the LONG side over the past few months.
Our CURRENCY HEAT MAP has kept us from selling any GBP.
JPY has consistently given us a SELL BIAS and so pairing up these two majors good opportunities have been given every WEEK to BUY GBPJPY
Check our previous ANALYSIS on this MAJOR & see how we did for yourself.
The Way looks clear for continued GBP STRENGTH accross the Majors.
Having Taken Top spot On our CURRENCY HEAT MAP late January 2021
GBP has given Great trade opportunities throughout this month of FEBRUARY
From here it looks like we will have a nice BULLISH CLOSE on the MONTHLY CANDLE.
The next MAJOR PIVOT price Resistance & TARGET comes in at 153.150
Here is a video update of a previous trade set up I shared a few weeks back.
The South African Rand is bullish in the currency pair as interest rate differentials make buying this currency pair a very attractive trade for yield-seeking investors.
We look at entry price, take profit targets, and one-month volatility stop loss
In this video, we take a look at the sharp recovery in the South African Rand against the Japanese Yen.
We firstly look at why the Yen got stronger in this exchange rate at the beginning of 2020 when the Covid-19 pandemic cause stock markets to fall and safe-haven demand into Japanese Government Bonds to strengthen the Yen.
However, since stocks have staged a...
bear flag looking really bearish, market structure creating lower highs throughout and the trend has been touched over 3 times signalling a sell opportunity.
two ways to take this trade :
1. await the close and take the trade
2. await the retest for OTE (optimal trade entry)
message me to receive free trades daily...
Fundamentals:- We have quite a few data announcements out this week which suggest an increase in average hourly earnings, cpi and gdp. After the sell off on the GBP today I would suggest this is just a price correction from Fridays up leg and we should see a further increase on the GBP especially against the weaker currencies such as the JPY.
Technicals:- As you...
Short AUDJPY and the trend line is now broken in both H4 and H1 and wedge formation is a perfect and nice risk-reward ratio opportunity!
Sell entry 85.35
TP 1 83.80
GOOD LUCK INSHALLAH
Why Gold is lagging Safe have losses & Yen is outperforming
1. When looking at Gold vs Yen or XAUJPY it becomes apparent why Gold is lagging the broad safe haven losses that we have seen during this risk-recovery rally - investors are buying gold over Yen - so gold appears to be their preferred safe have asset to hold in a risk-on rally - likely a function of...
Looking to buy the GBP/JPY this morning as the CPI y/y figure is expected to show an increase in inflation which could bring forward the expectation of an interest rate hike from the BoE. On the other side of the trade the JPY is particularly weak at the moment with a poor Prelim GDP reading on Sunday evening and expected intervention from the BoJ in the FX market...
The futures market is showing a forcast of a huge increase in price over the next 12 months in the dairy prices which make up 7% of the New Zealands GDP. I am expecting to see an increase in the strength of the NZD over the coming months as it has been the weakest currrency for some time and dropped considerably against most major currencies. I am looking at the...