GBP/JPY has made a top

GBP/JPY has made a top

Trade idea

SELL 144.90; TP 144.25; SL 145.05

The upside in GBP/JPY was limited by the 50-day MA in the 145.90 area. It seems like the pair has formed a top and will now aim at the lower levels. The fact that Brexit uncertainty remains and the Bank of England left monetary policy unchanged is providing negative pressure for the pound.

GBPJPY h4.png

Similar

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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