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Ahead of Great Britain interest rate decision which is expected to cut down by 0.25% and it may be obvious to be reduced, as it had withdrawn itself from other Euro countries through Brexit. Also, the major developed adjacent countries are maintaining lower interest rates only. Additional to that, as the GBP price gone down, the first thing the country would expect is to increase the money flow and that will happen when a price cut happened. Owing to price cut, it is highly possible that the bea…
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GBPJPY showing further bearishness
After Brexit poll, Great Britain found another bottom but all said it is just a sentiment till now but not because of any actual results. Even there few good fundamentals posted last week such GDP QOQ 0.6% (prev 0.4%), HPI 0.5% (exp -0.2%) and Mortgage lending 3.30B (prev 2.90B), the price action always pulls down and posted a bearish run. In coming week, Manufacturing PMI, Construction PMI and Service PMI are to be released and previous value and expected both are below 50 which means it's expe…
GBPJPY may hit the bottom again
Great Britain economy is in struggle from the starting of the year and it is expected to continue till mid of 2016 by the least. Because of the Interest hold for some more time, it is expected to struggle for more time than expected before taking off. Please find my analysis of GBPJPY in weekly chart,
Since the sharp push from August, this pair recovering but with lot of doji's which suggests that another bottom hit is very much possible as shown in the diagram. Hence I would recommend bearish …
Since the sharp push from August, this pair recovering but with lot of doji's which suggests that another bottom hit is very much possible as shown in the diagram. Hence I would recommend bearish …
Great Britain may trade in range bound with Japan
Last week, Dovish stance from BOE prevents breaking important Resistance level and hence I expect this pair to struck in a range trading for quite sometime, before taking off. Please find below my analysis on Daily chart,
Just before hitting the previous price action line 188, this pair pulled back strongly by BOE interest rate dovish statement last week. As BOE pointed out that the need for the Interest rate hike may take time and when it happens it will be little, it refers that their economy…
Just before hitting the previous price action line 188, this pair pulled back strongly by BOE interest rate dovish statement last week. As BOE pointed out that the need for the Interest rate hike may take time and when it happens it will be little, it refers that their economy…