as we see currently the price are moving in compression movement which might need a little bit more of force before boosting out.
We expecting the investor are currently looking for a good price and opportunity to purchase pound ahead of article 50 which will be triggering on 29 march 2017.
thus, we will long this pair at 0.5 lvl and 0.382 with projection target at 1.0.
we saw a bright future on pound with EU membership under Theresa May administration.
Also, it seem like BoJ will eventually expand the QQE program and purchase more JGB in order to lowering Yen even further and boosting the economy cycle within Japan as current rate hike from the FED doesn't seem to be quite effective to help on boosting the GreenBack
We expecting the investor are currently looking for a good price and opportunity to purchase pound ahead of article 50 which will be triggering on 29 march 2017.
thus, we will long this pair at 0.5 lvl and 0.382 with projection target at 1.0.
we saw a bright future on pound with EU membership under Theresa May administration.
Also, it seem like BoJ will eventually expand the QQE program and purchase more JGB in order to lowering Yen even further and boosting the economy cycle within Japan as current rate hike from the FED doesn't seem to be quite effective to help on boosting the GreenBack