GBPJPY - Potential Breakout Setting Up!
On Thursday, UK retail sales beat, The Irish PM
was confident the border issue could be resolved
and EU negotiator Barnier expressed willingness
to seek out alternatives to the Irish backstop.
Meanwhile, the UK House of Commons voted to
back an amendment designed to make it tougher
for the next PM to suspend Parliament in an effort to force a
no-deal Brexit.
Alongside higher equity prices on the back of
FOMC easing jitters, there may be scope for
more of a rally in GBPJPY today.
We like playing the break of 135.00 with a
tight stop, looking for 135.20 (intraday)
and then 135.80 (next week perhaps).
was confident the border issue could be resolved
and EU negotiator Barnier expressed willingness
to seek out alternatives to the Irish backstop.
Meanwhile, the UK House of Commons voted to
back an amendment designed to make it tougher
for the next PM to suspend Parliament in an effort to force a
no-deal Brexit.
Alongside higher equity prices on the back of
FOMC easing jitters, there may be scope for
more of a rally in GBPJPY today.
We like playing the break of 135.00 with a
tight stop, looking for 135.20 (intraday)
and then 135.80 (next week perhaps).
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