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Hello traders,
As usual Monday is very calm day for trading and there was only one fundamental event which was the British PMI. The price for the pair GBP/JPY was most volatile but it returned to the point where it started only to take some stoplossess and maybe to involve others in the so called Bullish trap.
Other than that the most popular pair just made some unusual dip to reach the support in an unusual hour between 10-10:30 GMT and reached 1.1154
For my point of view the volatility will come in the opening of New York and it is possible the pair to have some attraction to level 1.1115 but due to the weak NFP data in Friday I suppose that the trend up will continue.
Safe trading and good luck
As usual Monday is very calm day for trading and there was only one fundamental event which was the British PMI. The price for the pair GBP/JPY was most volatile but it returned to the point where it started only to take some stoplossess and maybe to involve others in the so called Bullish trap.
Other than that the most popular pair just made some unusual dip to reach the support in an unusual hour between 10-10:30 GMT and reached 1.1154
For my point of view the volatility will come in the opening of New York and it is possible the pair to have some attraction to level 1.1115 but due to the weak NFP data in Friday I suppose that the trend up will continue.
Safe trading and good luck
