GBPJPY Long Trend Following
Credit Agricole say this
"The GBP enjoyed new buying interest last week, predominantly driven by Crédit Agricole CIB flows. Our FX flow data points at real money investors' inflows, as well as banks, corporates, and hedge funds
outflows. All in all, the GBP is now in overbought territory. The JPY faced new selling interest last week, predominantly driven by Risk Reversals flows. Our FX flow data points to hedge funds and real
money investors inflows, as well as banks and corporate outflows. Ultimately, the JPY is no longer in overbought territory."
So for a big FX bank the pound is overbought and the yen had come off its overbought levels.
The TA says that is a great time to initiate a long
There had been signals on shorting the USD, and going long BTC and ETH and by not taking all the signals all the time, the risk is that the strategy within a portfolio doesn't return consistent profits. Being consistent with the mechanical trade selection brings in consistent results. Random trade selection brings about random returns.
"The GBP enjoyed new buying interest last week, predominantly driven by Crédit Agricole CIB flows. Our FX flow data points at real money investors' inflows, as well as banks, corporates, and hedge funds
outflows. All in all, the GBP is now in overbought territory. The JPY faced new selling interest last week, predominantly driven by Risk Reversals flows. Our FX flow data points to hedge funds and real
money investors inflows, as well as banks and corporate outflows. Ultimately, the JPY is no longer in overbought territory."
So for a big FX bank the pound is overbought and the yen had come off its overbought levels.
The TA says that is a great time to initiate a long
There had been signals on shorting the USD, and going long BTC and ETH and by not taking all the signals all the time, the risk is that the strategy within a portfolio doesn't return consistent profits. Being consistent with the mechanical trade selection brings in consistent results. Random trade selection brings about random returns.
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