Last week's shock Trump win is seen to have put the UK at the front of the queue when it comes to negotiating a trade deal with the US. So whilst the greenback's strength has got much of the limelight, the pound is also showing high levels of .
In contrast, the yen is weakening rapidly add traders move away from 'safe havens' and add risk to their portfolio's.
Technically the market has broken higher from a period of intense price compression on the daily candle chart. We are now firmly in 'range expansion' mode and momentum is very .
GBP/JPY's hourly candle chart has seen prices retrace back to its emerging trendline and we view this as an attractive buying opportunity.