ORBEX: GBPCHF & EURJPY Follow Identical Pattern (hint: bullish)!

In today’s #marketinsights video recording, I talk about #fxminors #EURJPY and #GBPCHF as they both seem to be moving within an identical pattern.

Despite the added uncertainty amid the latest delay drama of phase-1 of a potential trade deal between US and China, safe-havens #yen and #franc seemed unaffected by at least this type of flows.

That suggests that participants are now shifting to more exciting events, expected to trade trade war flows when a more significant and certain development comes on the surface.

Until then, #euro and #pound inflows could push the aforementioned pairs higher, with the latter hanging on today's #BoE meeting.

Stavros Tousios
Head of Investment Research
Orbex

This analysis is provided as general market commentary and does not constitute investment advice