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The factors to analyze the outlook are geo-political news, fundamentals including major economic releases and technical factors but most importantly we focus on the price-action analysis. The outlook reflects our views for short-term to mid-term movement of the currency pair. However, sometimes the analysis takes into account the price-data which may span many years and have a longer-term view.
The weekly analysis includes the predictions for the next week's expected moves for the pound sterling and Japanese yen. However, the forecast is not only limited to the coming week but is applicable for the overall expectations for the near-term to longer-term. We will send email alerts as soon as the Forex analysis is updated. Request you to check the Junk spam mail folder immediately in case Google group mail is not received in Inbox.
Analysis, Outlook and Forecasts. GJ broke the channel came back and retested with a strong bullish candle off the supply zone. I am looking for that 5th wave to form although i do think the setup is just a bit premature. Stop loss at Take profit at Reason for the trading strategy technically: We've spotted a bullish triangle pattern and are waiting for a breakout to the upside. The pattern should consolidate for the next few days. SL should be put below a minor low of the pattern and TP at the next major The short is due to a head and shoulders with a lower neckline.
This volume and liquidity carves technical patterns that shorter term traders closely follow. Since the JPY is historically a low yielding currency, it is often used as a funding currency of a trade. Additionally, with the United Kingdom begin one of the larger economies in Europe, the Pound-Yen pair carry trade can be viewed as a proxy for worldwide economic health. On the other hand, when the markets experience severe risk aversion, this pair has been a proxy for market 'risk-off' moves as the carry trade gets reversed.
Due to the volume and liquidity available, retail sentiment can also be useful when trading those trends. Bullish Sentiment Erased by Brexit Impasse. E-Mail Please enter valid email. Phone Number Please fill out this field. Country Please Select Please select a country.
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