BlueberryMarkets

GBPJPY UNDER PRESSURE

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FX:GBPJPY   Libra Esterlina/Iene Japonês
We have discussed in the past couple of weeks of the JPY weakness especially trading NZDJPY long, however GBP remains under pressure as Brexit negotiations continue to be a problem for the uk as well as disappointing CPI numbers downplaying any sort of rate hike hopes for the UK offers good selling opportunities.
Looking at the technicals we can see the 4hr timeframe creating the lower lows and lower highs and we expect this to continue down to the support of 145.45.
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