DislikedConclusion: Just by comparing the 2 points in time is of course never enough to tell exactly what will happen in March 2015. But we can assume after markets open on Monday, that we might have a minor drop first and then price would go higher again for at least 150 to 200 pips. Could we have a similar sharp drop after the climb??? Well we will figure that out on Monday and following days. But the bigger picture is already telling us that GJ has not the intention to step away from it's course to North. Although we may have some bearish monthly candles...Ignored
I think is fundamentally pretty possible and is the trade I follow in GJ, because regarding GBP: Am repeating myself pretty often, but there is this double combo: a)with disgraced CHF, Sterling is obvious European safe haven cash flow. b) With US hike expectations and Brittains following same trajectory markets starts pricing in GBP hikes second after US. Regarding JPY: Is long+mid obvious shrot, coz Kuroda and Abe san simply overshoot and doubled monetary base - and not slowing with expansion program. Only JPY problems are short term expectations of BoJ ending with easing.
So I think it wont be GBP part which pushes us down from top, but afraid of JPY. Should GJ climb @ 186,7 - UJ could possibly be @ 120s+ - and remember what happened @ 120s right? Western media were in race quoting various CB fellas BoJ wishes UJ to stay within 120-110 range - saying should Yen weaken more, they are gonna stop easing. Although I think this is a clear hoax, market last time shoot us down very very fast.
Am expecting 186,7 to be reached as a top untill April, possibly @ end of March... But second option is - if is a hoax with BoJ, we are breaking the top and aim 192,48... 199,8
Stay safe,
Tom
"I know one thing, that I know nothing." Sokrates
brat
