Rationale to be bearish GBP :
1. Ongoing uncertainty on UK and EU over the brexit divorce bill – (bearish GBP)**major concern for the market
Rationale to be bullish YEN :
1. Risk off sentiment, safe haven
1. Ongoing uncertainty on UK and EU over the brexit divorce bill – (bearish GBP)**major concern for the market
Rationale to be bullish YEN :
1. Risk off sentiment, safe haven
Note
Price trading above daily pivot now. I see nothing (news) that suggest Sterling sentiment is bullish apart from the price action I see right now. I still remain on the trading plan. I see it as an opportunity to short GBPJPY at better priceNote
There are analysts the market is bullish the sterling following a good news came from Brexit. I shall scratch this trade idea. Technically, price has moved too far from my initial target to short. I will make new plans for GBPJPY.. IF i want to trade this anywayOrder cancelled
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.