mcpeacocks
Short

short poundyen on previous structure

FX:GBPJPY   British Pound / Japanese Yen
chart is pretty clear, this is the 8th time we are testing this area. already TP1 and 2 on previous trade and looking to re-enter.
we may expect some drawdown, but continued political uncertainty should way on the pound.
do keep an eye on upside break should BOE surprise and the global tradewar worries ease and equities (and yen) strengthen.
Trade closed: target reached

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