I am bear on GBP as brexit negotiation are going to take place this week. This could bring high level of uncertainty. Bank of Japan also announcing that they are out of deflation status. Price action on GBPJPY also at resistance. I believe the price action on this pair will likely form range until more certainty comes out for GBP. Will be looking for my range support and resistance. Stochastic also indication overbought conditions.

GBP/JPY

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.