Upward Pullback on GBPJPY. Short opportunity!
The current sentiment for gbpjpy is quite optimistic, however I personally think that the Great Britain economy will be hit when Brexit occurs. When Brexit occurs this October, we may see a temporary contraction of GB economy during the transition period that will weakens the pound sterling. The selling momentum on the D1 time frame is also quite strong. Trade Safely!
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.