Hi Traders,
today we've seen the rise of JPY all accross the board apparently because Chinese officials "are ready to fight US tariffs back". The move has been consequent on GBPJPY and I expect the pair to lose further points with a target around 147.15 for now. Below 105.90 USDJPY might force things to go bad with next buy level 105.40 then 104.30.
I'm also short GBPUSD targetting 1.3915 and despite USD is not a buy when looking at fundamentals, it rather shows technical strength.
today we've seen the rise of JPY all accross the board apparently because Chinese officials "are ready to fight US tariffs back". The move has been consequent on GBPJPY and I expect the pair to lose further points with a target around 147.15 for now. Below 105.90 USDJPY might force things to go bad with next buy level 105.40 then 104.30.
I'm also short GBPUSD targetting 1.3915 and despite USD is not a buy when looking at fundamentals, it rather shows technical strength.