holeyprofit

GBPJPY monthly butterfly

Short
FX:GBPJPY   British Pound / Japanese Yen
One could argue the GBP made a bear break in 2015 on the Brexit news and then it just went into a very long correction of that. Were one to take that view, we'd be waiting for corrective patterns.

In 2018 a bearish butterfly started to form, and now we're getting into the action end of that. If 2015 was a breakout, the following Sterling move can be exceptional.

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