GBPJPY - SHORT; Looking for a Top hereThe Pound found itself rather unimpressed on the heels of the recent inflation data prints. Speculation abound whether there is one more rate hike left in the BoE, before long? (Likely.) Even so, everything (including the kitchen sink) has already been factored into the Pound crosses thus, any short fall in inflation prints from here on out are likely to have severe (down side) consequences! This pair has been quite overextended, already, above 170.00.
The EUR/GBP is showing signs of an intermediate bottom, following its recent drop. (Thus, if anything this is the pair to look for Shorts, vs. the EURJPY.)
Overall, both pairs EUR/JPY and this one, GBP/JPY are somewhere very close to a (very!) long term top, e.g., both pairs are deserving some unmitigated attention at this point.
Looking for Short Entries here
Here is the Daily view;
... and here is the EURGBP;
