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...
price testing monthly resistance the price tested 0.5 fib price broke out of upward wedge on h1 the COT data shows -17988 longs being removed from EURO and 250 shorts being added wait for price action confirmation and look for short opportunities
dxy is at 0.7% higher Weakness in the global equity markets is increasing the U.S. Dollar’s appeal as a safe-haven asset price recently tested weekly resistance price broke out of the trendline and tested a string resistance now turn support wait for rejection and look for short opportunities