Ryan Littlestone, Director and Trading analyst for ForexLive.com, joined Zak Mir and James Hughes on the Tip TV Finance Show to discuss trading strategy, focusing on the USD/JPY and EUR/GBP.
Key Points:
USD/JPY pattern trade, went to 1880 and recovered, wait for the move to be confirmed
BoJ have nothing left to use, corporate tax cuts now
EURGBP a strong mess, further upside ahead with confirmation of the breakout
BoE meeting on Thursday, won’t see any action, but stronger wage numbers show good UK domestic performance, despite weak service PMI
UK housing facing stamp duty, can’t raise rates if house prices stay so low.
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