Jack_Brown

NO trade till BOE Event Ends Tomorrow

FX:GBPJPY   英鎊 / 日圓
After the run from the today's low and removing the 150.00 level briefly, the negative pair managed to respect the 150.00 and get below it before the the US stock market closing @ 16:00 New York Time, now while writing pair is hovering below the 150.00, I see that close below 150.00 is a negative confirmation for a reversal down ward which can be moderate to slow moves till the BOE enven tomorrow, all GBP pairs tend to move widely for any news from UK, BOE or even Brexit related news, GBP muted the event of the Russian Spy death completely. I will monitor the pair of GBPJPY diring the Asian session and back on the European Session before 0530 hrs New York time when the retail Sales of UK is expected to be released, expected to be higher (%0.4) than last month (%0.1)
That can be a market driver news, trading will be after BOE event after 0800hrs New York Time. No rate change is expected by BOE
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