British Pound Surge Pushes Yen Lower With $GBPJPY Stops

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  • 15 Sep '17 at 11:38 am #11750
    KnovaWave
    Participant

    [article]194[/article]

    15 Sep '17 at 6:24 pm #11752
    TradersCom
    Keymaster

    Classic crowded trades yen and pound with GBPJPY highlighting it

    15 Sep '17 at 9:50 pm #11765
    ClemSnide
    Participant

    Key given the size of the break is the 100 week MA at 149.243 above the bulls are in control.

    19 Sep '17 at 6:44 pm #11833
    Truman
    Participant

    [quote=”TradersCom” post=1487]Classic crowded trades yen and pound with GBPJPY highlighting it[/quote]

    We seem to be getting more of these violent reversals out of crowded trades is this because the larger players all following one another or algorithms picking up the soft side. In a world where fundamentals are ignored it is counter intuitive that those touting fundamentals when caught is instructive of those caught on these moves. The pound making fools out of so many, again.

    30 Sep '17 at 4:45 pm #12138
    ClemSnide
    Participant

    Had to come back and shout kudos that was a great sell point here – nothing like ramps hitting and reversing in catchment areas. Have a great week – cheers

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