ANALYSIS: GBPJPY BREAKS WEEKLY LOW
In this update, we take a look at GBPJPY as it breaks through weekly lows.
Price has stalled as GBPUSD was sitting at key resistance and as price moves lower there, the weakness
has rolled over to the cross pairs. The BoE has announced that growth is slowing and they need to plan
around Brexit which holds significant uncertainty.
Technically wait for a pullback into the 142.00 resistance before look for further short opportunities.
Price has stalled as GBPUSD was sitting at key resistance and as price moves lower there, the weakness
has rolled over to the cross pairs. The BoE has announced that growth is slowing and they need to plan
around Brexit which holds significant uncertainty.
Technically wait for a pullback into the 142.00 resistance before look for further short opportunities.
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.