COT data shows a reduction in longs from GBP and the addition of longs of on jpy.
Brexit risks, the BoE hinting at negative rates, and potential job losses coming all weakened the GBP this week The JPY strengthened on risk-off flows with heavy equity selling which resulted in strong GBPJPY downside As long as Brexit risks remain expect GBPJPY sellers next week.
The Bank of Japan (BOJ) is reportedly considering upgrading its economic assessment on expectations of a rebound in the Japanese economy after the sharp
contraction in Q2, Bloomberg reported, citing people familiar with the matter.
price tests 50 sma on daily
price on a downward trend and is now in correction and should be in continuation.
price is now testing support turn resistance on the h4
wait for price action confirmation and short
Brexit risks, the BoE hinting at negative rates, and potential job losses coming all weakened the GBP this week The JPY strengthened on risk-off flows with heavy equity selling which resulted in strong GBPJPY downside As long as Brexit risks remain expect GBPJPY sellers next week.
The Bank of Japan (BOJ) is reportedly considering upgrading its economic assessment on expectations of a rebound in the Japanese economy after the sharp
contraction in Q2, Bloomberg reported, citing people familiar with the matter.
price tests 50 sma on daily
price on a downward trend and is now in correction and should be in continuation.
price is now testing support turn resistance on the h4
wait for price action confirmation and short
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