GBP JPY - Shorts still in play
Updated
Hey traders, how are you going?
Here is our take on GBP JPY - a long term view.
The eyes - are sell targets
The eyes - are potential buy zones.
it depends on your outlook.
Why are we selling?
The reason is - over exposed buyers, the GBP is very week right now
Seeking trade deals and the weakening of the GBP is clever for the trade balance and promoting attraction for investment in the long run.
Price is expensive and volatile - during the election and huge interest in the previous months up to September.
The election is coming closer <45 days.
The S&P500 and NAS100, FTSE are not shown here but use reference for our previous ideas to show where price has reached our over exposed markers.
Entering a bear market - the Yen will see sudden surging in strength which is why our outlook is to March lows.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Thanks,
Team Lupa
Here is our take on GBP JPY - a long term view.
The eyes - are sell targets
The eyes - are potential buy zones.
it depends on your outlook.
Why are we selling?
The reason is - over exposed buyers, the GBP is very week right now
Seeking trade deals and the weakening of the GBP is clever for the trade balance and promoting attraction for investment in the long run.
Price is expensive and volatile - during the election and huge interest in the previous months up to September.
The election is coming closer <45 days.
The S&P500 and NAS100, FTSE are not shown here but use reference for our previous ideas to show where price has reached our over exposed markers.
Entering a bear market - the Yen will see sudden surging in strength which is why our outlook is to March lows.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Thanks,
Team Lupa
Trade closed manually
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