The GBPJPY has had a strong move up through 2017.
The last portion of the move was very aggressive.
Price is sitting on the Daily trend line looking for a break of this trend line.
There should be a lot of fear in the GBP as we get closer to the actual exit from the EU.
No one knows what the British economy will look like after the exit. All of the data until now is with Britain in the EU.
All the best!
Seth Gregory
Note
GBPJPY decided to bounce off the trend line today instead of break it. The trend line is still valid.
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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.