GBP/JPY has made a top

GBP/JPY has made a top

2019-11-11 • Updated

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

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