GBPJPY - Sitting On Daily Trendline Looking To Close Below?

29 Eki 2017

The GBPJPY has had a strong move up through 2017.

The last portion of the move was very aggressive.

Price is sitting on the Daily trend line looking for a break of this trend line.

There should be a lot of fear in the GBP as we get closer to the actual exit from the EU.

No one knows what the British economy will look like after the exit. All of the data until now is with Britain in the EU.


All the best!

Seth Gregory

31 Eki 2017

Not

GBPJPY decided to bounce off the trend line today instead of break it. The trend line is still valid.