Tokiz

Tokiz

GBP/JPY broke a strong trendline that connected rising lows that go back to the end of September, after bottoming out around 181.00. This break was on the back of recent dovish comments by the Bank of England that interest rates to remain low ‘for some time.’ This is obviously a big catalyst for pound sentiment, and it may be the main driver for Sterling in the...

Tokiz

Depending on how the price action plays out I might buy at the pullback. We have some nice confluence which will support our long position at this area. Technical reasons: Triangle breakout Going with the trend (Higher Highs, Higher Lows) Ascending Channel Fundamental reasons: Australian Labor report beat expectations with the unemployment rate printing at...