GBPJPY Possible Setup
Updated
GBP looks to be very weak. Considering the position GBP are in I doubt any long positions will be formed. A second wave of COVID as well as the possibility of bad Brexit being imminent. I would be careful with GBP pairs as it may turn out to be very volatile in the upcoming weeks. Furthermore, there is GBP news tomorrow - BOE Gov Bailey Speaks - important as a sudden interest rate change could happen - I highly doubt it will though.
Canadian dollar is very weak from last week with the news release. Hopefully, it can pick up some strength.
Canadian dollar is very weak from last week with the news release. Hopefully, it can pick up some strength.
Trade active
Entry placed: 134.345TP: 133.140
SL: 134.820
Trade closed: target reached
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