GBPJPY has been on a crazy run that doesn't seem to stop soon. The pair moved 700 pips and now is in what appears to be a bull flag.
Look for opportunity where price breaks the upper channel for confirmation.
It is crazy to think that GJ will continue to go up, but with the institutions betting on BOE rate rise by end of this year and BOJ has been hesitating to increase interest rate, the pair has room to grow more for the rest of the year.
Look for opportunity where price breaks the upper channel for confirmation.
It is crazy to think that GJ will continue to go up, but with the institutions betting on BOE rate rise by end of this year and BOJ has been hesitating to increase interest rate, the pair has room to grow more for the rest of the year.