Here we are tracking a very similar move to before (see attached: "GBPJPY Shorts on Hourly Chart") on the hourly as bulls become exhausted and unwind their positions for the triple whammy votes this week.
Brexit continues as the driver of Sterling for now, on the UK side we have more votes coming next week so eyeballing a test of the lows beforehand. For those following the updates on Japan you will know we have fiscal year end repatriation flows in play there so we have all the ingredients for a fast leg.
Best of luck those positioned on the sell side.
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145 in reach for the London open
Trade closed: target reached
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...and hit on the open, well done guys.
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So we can keep track, here was the first round in the shorts: