Breakout to 2 Month Highs
If you did not know EURGBP broke to a 2-month high, then you're not in the trade. Recall, I mentioned this trade in previous IMTs and I even made a 1hr Live Video (see recording in Arabic & English here) explaining the yield spreads, rate expectations and technicals backing the trade. I initially shared the trade with the WhatsApp Bdcst Group 2 months ago, but I posted the idea on here in previous occasions here and here. How many of you entered the trade but got out because it was "too slow" "not much action". If you want action, speed and adventure, I can suggest other activities.
I know I know, you're all asking "what is the point of speaking about past trades?". The answer: The trade may have been shared with you in the past, but it remains very much valid. Speaking of "Lives", do not miss my upcoming Live Broadcast this evening at 20:30 GMT on how I helped a client make 5x his money. Here is a 45-second the Preview.
Is it is possible to grow a leveraged trading account by 5x or 6x? A former client based in the MidEast came to me for advice on what to do with his trading account. It was deeply in the red. I told him I will send him some trades but bear no responsibility whatsoever if the trades turn out badly. Take a look at the 45-second video and make some time on Friday evening.
Read More...USDJPY breaks above the 4-week trendline resistance to hit a 2-week high at 156.80 after Japan PM Takaichi appointed 2 dovish candidates to the 9-member policy board of the Bank of Japan. The candidates are professor Ayano Sato at Aoyama Gakuin University and professor Toichiro Asada of Chuo University. If they're confirmed, then these new members will likely provide material pushback to the BoJ's interest rate hike path, which could further weaken JPY vs major currencies. 2 days ago I reminded our WhatsApp Bdcst Group I was long USDJPY, targetting 156.40. The chart below suggests 157.70s could well be the next target.
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