The Setting Of The Rising Sun

Hello, my friend!

At this moment all Brexit moods remain controversial. Mostly they are based on hopes and expectations, not on cold calculations. Thou the case involves political decisions, the result is almost always unclear. It is worth recalling the victory of President Trump on the US elections as an excellent example of this.

At first sight, the current situation most probably will not involve hard "Brexit", however, it looks like T. May is not used to giving up and applies all her eloquence and power to convince the Parliament. It means that the threat is still in the air, even if it does not that deep as the fog of Albion.

Also, it is quite important to understand that investors are highly concerned about this threat because even the one Prime minister is still a one-man army. However, let's get away a bit from the foggy Albion and move to a rising sun: let's get down to EUR/JPY.

Picture 1. A chart of EUR/JPY for 18.02.2019 - 18.03.2019

As we can see in picture 1, a trend for the last month is quite unclear and is close to the turning point back to correction.

However, we can check such a hypothesis on the index of big traders. Also, today is an interesting day because we release a fresh version of the "Big traders" indicator, which is an advanced version of the previous one.

Picture 2. A chart of EUR/JPY and the indicator of Big traders for 18.02.2019 - 18.03.2019

As we can see in picture 2, a "new" indicator perfectly recognizes correction on the market and shows a new trend.

In such a situation, it is highly likely that the trend will go up because the correction did not require considerable resurgences in the market. It shows that the correction will come harder and will need a more significant volume of money than the continuation of the trend.

So, in the short term, we recommend continuing the trend by investing "upper".

Good luck!