r00ky

*Update* - GBP/JPY Short Idea

Short
FX:GBPJPY   British Pound / Japanese Yen
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5
The short is working out pretty well so far, due to the current weakness in GBP and the strength of JPY. I expect the price to go much lower to reach the 141 level. However, due to the brexit polls and news, expect this pair to be very volatile and manage your risk accordingly.
Comment: After 5 consecutive days of falling, it is likely that the price of this pair will consolidate, either in time or in price. However, the outlook still remains bearish and the targets are still valid. Just be patient!

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