Good morning.
China 1Q GDP came out showing much lower figure than expected. 1Q China GDP showed a +8.1% increase while consensus estimated a 8.4% rise, and even some rumour's ahead of the event called for a 9% climb.
I am watching the the following currency crosses for continuation moves with the trend following the recent pull backs.
Euro / JPY
GBP / JPY
AUD / JPY
Once price breaks back down through the averages, I will wait for the pull back before entering short to test support levels below.
I will update with entry levels, stops and targets when the trades have developed.
Regards
Scott
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