Here's a weekly look at where GBP/JPY has reversed in the past. I like this level. A stop should be used (If it moves past 145, the trade is all wrong). G/J can move quick in either direction. Keep position size small.
On a more fundamental note: What is with these two countries...competitive devaluation?
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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.