GBPJPY Distribution Before Next Expansion
Pair: GBPJPY may find key levels of support before the next expansion. Key Points: Price holding above the 200 EMA which it may revert towards Price holding below the 50 EMA Short term trend line breached and holding below Fibonacci 50% meets with major price 141.400 – Acting as a…
Dollar fails to rebound whilst US equity futures continue to rise and tax hike rumours spark in the UK
Dollar Index fails to hold to earlier gains from European morning session, falling sharply from 92.48 to 92.20. European and US equity bourses climb , with Japanese equities outperforming Asian peers. Though covid-19 cases are dropping in developed countries, they remain high in developing countries - the battle is far from over. Tax hike rumours in the UK?
JPY ready to explode higher or false hope ?
The Japanese Prime Minister , Shinzo Abe, just resigned as reported this morning over ‘health issues’, citing a flare up on this chronic ulcerative colitis. However he did not name a successor, despite this the JPY saw sharp bidding with most XXX/JPY pairs trading at least -0.50% on the day.…