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.
The week started badly for oil
Information is not investment advice
WTI oil formed a “dark cloud cover” pattern on D1 near the downtrend resistance line. Yesterday’s candlestick was also bearish with a longer upper wick - a sign that sellers are in control of the market. Today the price opened with a bearish gap. It has topped above 53.00 and is once again testing levels below the 200-week MA at 52.60. Last week oil managed to close above this line, so we won’t have big downside targets, but a decline to 51.60 in the short-term looks quite possible.
Notice that to trade WTI, you need to choose WTI-19N in your MetaTrader.
Elizabeth Belugina
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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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