Short GBP/JPY stop 154, t/p low 140s

FX:GBPJPY   British Pound / Japanese Yen
One of my favourite short trade ideas currently. Am short GBP/JPY 152.40 with a stop at 154.00 and profit target sub 145.00.
Weakening GBP fundamentals and Brexit worries to increasingly weigh. USD strength to hit GBP hardest in coming weeks on widening rate forward path. Dont believe JPY will weaken so much versus USD if there is also a risk off environment as rates rise.


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