GBPJPY Forecast
We are watching how price develops among Cable pairs this week, in particular, GBPJPY. This pair has been relatively bullish recently after a breakout on the higher time frames. With Tier 4 lockdown being talked about in the UK, this could prove the catalyst to great selling pressure and downside movement. Yet, we could still see this pair go long if key levels are broken and price closes above.
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.