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KarYong

GBPJPY: Trading the UK Referendum

Short
British Pound / Japanese Yen (FX:GBPJPY)  
KarYong  
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY FXP
2
0
gbpjpy fxp
In view of the UK Referendum this coming Thursday (23rd June), if the UK were to leave the Euro zone, the focus will be on GBPJPY.

We expect GBPJPY to head further south breaking the Demand Zone with the weakness from GBP and strength on JPY (as part of the safe haven story).

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