alex1

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Markets Allocation
100 % forex
Top Mentioned Symbols
GBPJPY 50% | 1 GBPUSD 50% | 1
alex1 alex1 GBPUSD, W, Short ,
GBPUSD: GBPUSD is doomed near term
213 0 1
GBPUSD, W Short
GBPUSD is doomed near term

King has indicated last week the slowing economy would drag inflation back below the 2.0% target . Carney is willing to execute more alternatives to King long standing policy of inflation targeting. The economy is struggling with four negative quarterly contractions out of the last five quarters. and in anticipation of further monetary easing, currency ...

alex1 alex1 GBPJPY, D, Short ,
GBPJPY: GPBUSD Daily Chart  in retracement
361 1 3
GBPJPY, D Short
GPBUSD Daily Chart in retracement

GbpJPY has breached its lower trendline and start retracing towards the 23.6% Fibo line @ 141.07., which is also near the Ichimoku Cloud top support level on the daily chart. The EW count V has also completed , meaning it has topped near 147.97 recently.

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