New GBP/JPY Big Trade Orders +75

Close GBPJPY at market 193,85 75 on the trade

*** Update Order to Buy 1 Lot GBP/JPY at 193.10 TRIGGERED

BK GBPJPY Big Trade Orders

Place Order to Buy 1 Lot GBP/JPY at 193.10

Place Order to Buy 1 More at 191.10

Stop for ALL at 189.60

We like the U.S. dollar and we like the British pound because the Federal Reserve and the Bank of England will be the first 2 central banks to raise interest rates (in that order). The BoE meets next week and they will be releasing the minutes and their macro forecasts immediately after the meeting. At least one member of the MPC could dissent. However we believe that we will opportunity to buy GBP/JPY at a lower level as USD/JPY struggles to break above 124.50 and GBPUSD hovers near the day’s lows.

Swing

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