Live Positioning in GBPJPY !!!
A round of GBP chart updates after the latest cabinet reshuffle. A nice sweep of the highs and we are set to go with the fiscal taps set to rain down and attempt to offset the impact via brexit.
![ridethepig | UK Elections [LIVE COVERAGE]](https://s3.tradingview.com/c/cZEkRhfo_mid.png)
On the other side we have risk taking the spotlight again with coronavirus flows not abating. JPY is set to outperform over the coming sessions with a soft selloff in global equities and with GBPJPY at the top in the range we are sitting at good value levels to recycle shorts.
For the map:
Highs 143.25 <=> Mid 142.25 <=> Lows 141.25
Expecting a red asian session with more risk clearing to be complete, I am taken back by how complacent that many markets have been able to try looking through the outbreak. We have a few reasons to remain on high alerts, uncertainty around the 2s5s:
Notice how the inversions are ahead of recessions, while the press reports all is well there are downside risks building and playable across many markets. If we see an improvement in sentiment around the coronavirus I will lighten up. I will not be stubborn and hold on. Keep it simple and trade the driver!
Don't forget to keep the likes and comments coming!!
On the other side we have risk taking the spotlight again with coronavirus flows not abating. JPY is set to outperform over the coming sessions with a soft selloff in global equities and with GBPJPY at the top in the range we are sitting at good value levels to recycle shorts.
For the map:
Highs 143.25 <=> Mid 142.25 <=> Lows 141.25
Expecting a red asian session with more risk clearing to be complete, I am taken back by how complacent that many markets have been able to try looking through the outbreak. We have a few reasons to remain on high alerts, uncertainty around the 2s5s:
Notice how the inversions are ahead of recessions, while the press reports all is well there are downside risks building and playable across many markets. If we see an improvement in sentiment around the coronavirus I will lighten up. I will not be stubborn and hold on. Keep it simple and trade the driver!
Don't forget to keep the likes and comments coming!!
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