Good day. So im a bear on the pound due to brexit.
Today the BOE is going to be in session with outlooks on Inflation and a decision on the interest rates which is likely to stay the same. But before the we have Construction PMI news. We also have Carney speaking later, of which we should hear about the monetary policy going forward

GBPJPY D1

Currently price is sitting just below the MM3 pivot. Looking to sell the pair and head to MM1 according to pivot theory. 5/8 cross has occurred and the 21/55 is flattening.

GBPJPY H4

So currently price is at the WM2 pivot. Stochs have slightly crossed the overbought heading to oversold. Could be a slight pullback to form a lower high.

GBPJPY H1

Price is currently at support at role reversal. Looking at a lower high forming to confirm entries. Stochs are oversold which would indicate some patience is needed before entering.

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