Technical analysis shows that an upcoming crysis is coming to the GBP with investors fleeing to safe heaven assets such as JPY. A nice channel is forming in GBPJPY as a continuation pattern from the previous downtrend.
The GBP is probably under pressure due to the resignation of Theresa May. and the uncertainly from brexit. The JPY is set to get stronger due to Donald's Trump policies for tariffs and the trade war.
All the above indicate that we may see the GBPJPY move below 136.55 and all the way to 136.2.
The GBP is probably under pressure due to the resignation of Theresa May. and the uncertainly from brexit. The JPY is set to get stronger due to Donald's Trump policies for tariffs and the trade war.
All the above indicate that we may see the GBPJPY move below 136.55 and all the way to 136.2.