GBPJPY 1D Long
I believe that GBPJPY has a good chance to recover from yesterdays big drop. Price has fallen to a significant Fibonacci level of .50 and is losing sellers control. As far as Brexit goes, not much has changed about what the plan is going forward, Brexit is a go for Theresa May. Even though the resignations in the government sent the pound tumbling, I believe it should recover 100-250 pips at least.
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.