Strong JPY, Potentially Weak GBP
So I am already in this trade but hadn't done enough analysis to confidently post this. However after taking a look at relative strength between GBP and Jpy... the Pound was showing sign of SLOWING Bullish momentum while JPY was showing signs of BUILDING bullish momentum.
on the daily chart, the pound rallied to start off September and quickly lost momentum creating a lower highprice coninued to breakdown melting through the descending channel support. i see bearish momentum continuing to pull this pair further to the downside.
on the daily chart, the pound rallied to start off September and quickly lost momentum creating a lower highprice coninued to breakdown melting through the descending channel support. i see bearish momentum continuing to pull this pair further to the downside.
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