GBP/JPY looks very weak and it seems like the
downtrend is about to continue.
British Pound is being sold off on brexit related
issues whereas JPY is in demand due to it's
safe haven appeal.
Both these factors have led to a big drop in
GBP/JPY this month. I expect it to continue
for a little longer.
However, I would wait for a pullback before selling
GBP/JPY again. Initial target would be at the 131
level.
downtrend is about to continue.
British Pound is being sold off on brexit related
issues whereas JPY is in demand due to it's
safe haven appeal.
Both these factors have led to a big drop in
GBP/JPY this month. I expect it to continue
for a little longer.
However, I would wait for a pullback before selling
GBP/JPY again. Initial target would be at the 131
level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.