GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS
- GBP FEATURE currently stands at 1.2495 LEVEL. Also the JPY FEATURE stays at 0.0074 LEVEL. GBPJPY PRICE is moving higher than DYNAMIC S / R LEVELS. So most of the time the PRICE can be a bit UP ahead. But the MARKET SENTIMENT must be POSITIVE if you want to BUY GBPJPY .
- STOCKS are currently DOWN. And VIX is becoming DOWN. Also COMMODITIES OVERALL DOWN. Also BONDS PRICES are becoming NEUTRAL. Also BONDS SPREADS are DOWN. Currently the MARKET RISK ON status is heavy. So definitely create a DOWN TREND for AUD CAD NZD and a DOWN TREND for JPY CHF USD.
- GBPJPY PRICE can be UP to 174.83 LEVEL before DOWN. Then you can DOWN to 157.611 LEVEL again. Focus on breaking the TREND LINE . However, if the TREND LINE is broken, the probability of becoming a GJ DOWN is very high. The VIX INDEX is also special.
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