Bintang

$GBPJPY makes technical break but will it hold..?

FX:GBPJPY   British Pound/Japanese Yen
66 0 4
GBPJPY             has ticked the box for a technical breakout but the negative sentiment toward GBP following Brexit and the continuing Yen strength hold us back. We have UK jobs data up at 09:30, we would look o trade in the direction of the move on the back of that print.

Downside looking for 130.00 and below but doubt we will see a stretch to 129.00 unless data is awful

Upside looking for 132.00 and the 200 HR             MA, a break here should initiate stronger run with eyes on 135.00. When this pair gets a run it can really motor so we would not rule out a stronger move especially if JPY finally starts to show some cracks
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