GBP/JPY: trading on Brexit
What is the best way to bet on the positive outcome of the Brexit deal? Technically, the GBP has bullish potential versus the JPY.
EUR/AUD remained in an uptrend
Information is not investment advice
EUR/AUD formed a “bullish engulfing pattern” on W1. Notice that this happened at the support line from the 2017 lows. This means that the uptrend is still in place and the pair has a decent chance to go for higher levels, at least May highs in the 1.6250 area. Still, to be safe we would consider entering bullish positions if the pair rises above 1.6150 (50-day MA). The outlook will remain positive until EUR/AUD trades above 0.6035 (weekly pivot).
Elizabeth Belugina
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GBP/JPY: trading on Brexit
What is the best way to bet on the positive outcome of the Brexit deal? Technically, the GBP has bullish potential versus the JPY.
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There are many positive developments in AUD/JPY. Will it be able to continue rising?
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