The Sterling has shed 15% against the Yen the past month due to the pandemic and flight to safe haven assets. We have seen a leg up of recovery for the sterling entering the 50% retracement area of this huge 2000 pip drop, but could it just be a fake recovery for reload sellers? I am watching this area price has entered now very closely to look for any indication that we are not over with the panic and could see another leg lower for GBPJPY.
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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.