ridethepig | Fading The Highs In GBP!

With Javid out Johnson had the perfect cherry pick with Rishi Sunak and now the fiscal taps can be turned on full. This medium-term swing is starting to look very interesting which is unlocking a leg towards 1.20xx and 1.15xx below:

Rishi is a typical yes man, he will do whatever Johnson wants. Those behind the curtain know it was another flawless beheading from Cummings, meanwhile a ruthless Downing Street only waiting for Carney exit on 16th March to have full control with Bailey too.

Eyes on NY selling the open, we could get a very fast swing down is USD catches a strong bid via coronavirus risk. US inflation overshooting will be enough to carry this lower.

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Trade aktif

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For those in GBPJPY

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Eyes on GBPUSD for the open...

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Nothing to see until the London close, focus starting to shift towards Brexit talks beginning 1st March. Tracking 1.288x for the beginning of negotiations.

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We might get the break today...If Tokyo want to play along we can break down early this week

Trading ditutup: target tercapai:

1.295x First Targets Cleared...

Trading ditutup: target tercapai:

1.285x HIT! ...Well done sellers!

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Almost there...

Trading ditutup: target tercapai:

1.275x TP HIT!

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Heavy selling...