GBPJPY DAILY OUTLOOK 7 JUNE 2017The pair has dropped substantially since Monday due to the polls between Conservative & Labour. Uncertainty rises, safe haven boosted, risk off market took place.
Looking at Daily, it has broke the 50 Fib Level. Im expecting the price to reach at least 61.8 Fib Level before making a decision for Long Continuation on the Daily TF or closing the Gap Scenario.
However we will monitor the price action at the Trend line and also the Fib Levels.
