Sentiment was very weak yesterday, Current session (End of Asia) is looking really mixed, Volatility also up over 22% with levels of 23.00 - approaching 30. If we get another good risk off sentiment in market complex today we are for sure going to see money flows out of the sterling into the JPY since it has a safe haven status.
Just seen a nice edge in the market on the 15 min timeframe. First i was looking at the 30 min pullback back to Asian session levels, however i feel that the recent risk off mood will continue. Really low risk entered only using 0.80% of my account value to place this trade.
Fair confident on this trade, the market sentiment complex looking rather risk on today as volatility is down. Looking at the data front, markets will be eying up ISM manufacturing data in this afternoons session.