BNPP quant model 'STEER' maintains a long GBP/USD signal targeting 1.4530, and a long USD/JPY targeting 116.34.
"GBP appears undervalued amid political uncertainty according to STEER The rise in uncertainty over the upcoming EU referendum has caused the GBP to weaken by a larger extent than is justified by its short-term fundamentals. GBPUSD is trading 1.48 z-scores below its STEER of 1.4530 (Chart 1).
USDJPY appears undervalued and has triggered a bullish trading signal, targeting 116.34 USDJPY appears cheap, trading 2.68 z-scores below its STEER of 116.35 triggering a bullish trading signal. The fair value has increased over the week, driven by the improvement in global equities," BNPP clarifies.
PS: Copy signals and Earn on Forex4you - https://www.share4you.com/en/?affid=0fd9105
