British Pound / Japanese Yen
Long
Updated

GBPJPY LAUNCH PAD

91
This week we saw GBP erase all recent election gains on the fear of a possible no deal Brexit. A no deal Brexit is damaging for the European and UK economy and both parties will try and avoid at all costs... reaching a deal a is beneficial to both economies .

I’m almost certain a deal will be reached and there won’t be a hard Brexit

Loading up on longs here ready for it to launch into orbit

Note
If you scale down to lower time frames you can see price is now in a consolidation phase awaiting it next big move.

Markets await news of further Brexit talks between the European Union and newly re elected priminister boris Johnson

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.