Jerome Powell speaks to the Wall Street Journal, the markets react instantly
The Fed Head’s WSJ interview generated plenty of interest in the [...]
Trading news
GBP/JPY is targeting sub 130.00 zones
The dragon - GBP/JPY currency pair is in a strong downtrend. The uncertainty of the GBP due to upcoming Brexit, with the already sensitive Yen due to stimulus in Japan and bullish trends in Equities, just add to the overall volatility of the GBP/JPY pair. Currently the GBP/JPY is close to L3 Weekly PP so we might see some bounce before next leg of selling. Traders should pay attention to 131.80-132.00 zone. (H3, WPP) for short trade setups. Additionally we have another confluence coming within 132.35-60 zone (23.6, H4 WPP, historical sellers, inner trend line). Both zones should provide short trading opportunities towards 130.00. If we see break of 130.00 than 129.80 is the next target followed by 128.72 where we should see a bounce.
Monday, 15 Aug, 2016 / 3:19
Source : http://www.admiralmarkets.com/analytics/technical-analysis/gbp-jpy-is-targeting-sub-130-00-zones
Trading news
Dollar surges, stocks sink after Powell lets yields run loose
Powell gives no hints about possible action to stem selloff in [...]
Inflation fears & rising bond yields spooked investors – FTSE 100 Market Outlook – 05/03/2021
Stocks in London were going up nicely yesterday during the European trading [...]
