GBP and JPY both saw some gains last week, JPY based on the Dollar weakness from inflation data on Friday.
It has been consolidating in a range as above since the large move up. Forming a Flag,
Now we have seen a break and close below. Myself and clients have been in this before the Break, as we expected a breakthrough, as the GBP was overbought back end of last week, and there is a lot going on in regards to Brexit and Thersa May not getting on with a lot of her current MP's
If you want to find out more about understanding Fundamental and Technical Analysis then find our page at Elite Trading Group - Facebook ETGFX Twitter
It has been consolidating in a range as above since the large move up. Forming a Flag,
Now we have seen a break and close below. Myself and clients have been in this before the Break, as we expected a breakthrough, as the GBP was overbought back end of last week, and there is a lot going on in regards to Brexit and Thersa May not getting on with a lot of her current MP's
If you want to find out more about understanding Fundamental and Technical Analysis then find our page at Elite Trading Group - Facebook ETGFX Twitter
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.