The British pound to Japanese yen has been bullish biased for a while now and technical analysis on the Monthly says we are due for the Bears run now , in the Daily as you can see the Trendline has shown us the bullish bias has lost its momentum and price has not been able to breach the trendline
This calls for the obvious and we can see the price melt all the way down to 129.01407 Enter and hold as major Pound & Euro news come out this week and the next , next week we see the Brexit announcement for Euro to leave the Pound ,
It will all seem like a coincidence when it happens
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