Following the developments in the GBP, we will
find that we may be interested in anticipating buying opportunities on the GBP
against the Japanese Yen and the US Dollar, where there is uncertainty about
the expected Brexit and the development of the political battle in Britain
while on the other side there are no significant events related to the Japanese
Yen. As for the US dollar, we have a political battle waiting for the US
President as we await the results of long talks with China
Therefore, we prefer not to open any
transactions except from safe areas and according to strict conditions as
follows
GBP JPY
The current levels of the pair do not give us
the opportunity to enter either for sale or buy now, but follow the pair can
expect a fall on the pair during the rest of the week is the decline we are
waiting to start buying the pair from safe levels
Technically, the pair is currently trading
below the 25-day averages and seems to be trading below the 50-day averages,
while some negativity on the RSI and the MACD are also showing. If the bearish
pattern is complete we will not start selling but we will wait for the buying
opportunities that we can find near the support 145.30 and 143.10, while
support at 141.90 is important support if events develop for the UK exit from
the EU
Trading Recommendation
Put pending orders at 145.30, 143.10, 141.90
Stop loss for all outstanding orders at 138.00
Take profit for all trades 148.50
Pending purchase orders for the GBP USD
awaiting the British exit
As we expected, we saw a bearish situation on
the pair during yesterday's trading, which is good for those who are waiting to
buy, but trading remains a danger during the coming period as we wait for the
end of the British exit negotiations on the one hand, and on the other hand
expect the development of trade talks between America and China, American
This means that we are waiting for significant
events on the dollar and the pound sterling, which may expose him to a volatile
situation during the coming period so we should be careful about this pair
specifically
Technically, the downside wave could extend to
the stronger support areas 1.3015 then 1.2930 and the important support in case
of negative developments is 1.2848
Trading Recommendation
Placing outstanding buy orders at the strongest
1.3015 - 1.2930 - 1.2848
Stop loss for all pending orders at 1.2700
Take profit for all outstanding orders at
1.3350
My recommendations and analysis can
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