Currency Strength and Weakness

FX_IDC:GBPJPY   British Pound / Japanese Yen
GBP continues to weaken and JPY strength created a big market gap this morning Asian session open.

Take a look at the GBP pairs and you can see a clear gap down.

It’s important to wait for price to correct and wait for the gap to be filled before it continues to drop.

We will keep an eye on GBPJPY sell once price pulls back to fill the gap before selling.

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