NFP Results

The NFP was weaker than expected which is not good for the U.S economy. Analysts are calling for a cut in interest rates and we would not be at all surprised if they get what they want. The question is how much?

While talking to a friend of ours on Friday the Pound Yen came up in conversation. We have done a partial analysis on this cross for you. We are in a support zone currently so we need to watch for a reversal or a break down. Either way, to filter out fake outs (false breakouts or traders remorse) use our entry stop loss technique.

The chart of the GBPJPY below is on a daily time frame.



Chart courtesy of Advanced GET. Data provided by eSignal.

Forex Analysts

Javid Shaik & Anne Chapman