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GBPJPY CHANNEL TRAVELLING

FX:GBPJPY   British Pound / Japanese Yen
From the looks of it, this pair has been travelling in a channel for quite awhile on the weekly, it’s been doing this since the start of 2018. With a no deal brexit on the table, the Sterling will definitely be worse off over time. We could possibly see a retest of the 124 level by summer. The only thing I can see stopping this in my opinion is for a deal with America, which isn’t unlikely with Biden now president.

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nice idea
+1 Reply
@fxpays Thank you bud
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