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GBP/JPY Big Trade Orders 01.27.2016 -135
1/28 -- **Close GBP/JPY at market (now 170.65) for -135
1/28 -- First Entry Triggered
Only Aggressive orders
Place Order to SELL GBP/JPY at 169.30
STOP at 171.30
FOMC statement was less hawkish. We are looking for weak UK GDP -- so laying out orders to sell GBP/JPY. We have strong reasons to believe that tomorrow’s UK GDP numbers will be weak with retail sales and trade activity deteriorating significantly in the fourth quarter. Also BoE Governor Carney has been consistently dovish, confirming our view that the UK central bank will leave interest rates unchanged for most of the year. The earliest we can possibly hope for a rate hike would be in Q4 and even then, it would require a significant recovery in oil prices.