Newsflow from G20:
1. Kuroda to expand QE http://www.reuters.com/article/g20-c...Name=bondsNews
USD JPY to rise on Monday.
2. GBP USD to continue falling.
Data out of Britain on Friday seemed to bear out fears. A business activity index posted its biggest drop in its 20-year history, a sign that Britain's economy appears to be shrinking at the fastest rate since the financial crisis in the wake of last month's Brexit vote.
On Friday, Hammond said the UK could reset fiscal policy if necessary, his strongest comments to date on how policy may change after Britain's historic decision to leave the European Union.
If nothing new happens reversing the above, I will look to enter from S/R lines in direction of the above sentiment.
1. Long USDJPY from 106 or if broken from 105.69
2. Short cable from 1.3115 - 1.3135
1. Kuroda to expand QE http://www.reuters.com/article/g20-c...Name=bondsNews
USD JPY to rise on Monday.
2. GBP USD to continue falling.
Data out of Britain on Friday seemed to bear out fears. A business activity index posted its biggest drop in its 20-year history, a sign that Britain's economy appears to be shrinking at the fastest rate since the financial crisis in the wake of last month's Brexit vote.
On Friday, Hammond said the UK could reset fiscal policy if necessary, his strongest comments to date on how policy may change after Britain's historic decision to leave the European Union.
If nothing new happens reversing the above, I will look to enter from S/R lines in direction of the above sentiment.
1. Long USDJPY from 106 or if broken from 105.69
2. Short cable from 1.3115 - 1.3135
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)