Fx-AlphaStrats

decending triangle on GBPJPY Daily

Short
FX_IDC:GBPJPY   British Pound / Japanese Yen
7
The breakout could go
in both directions,
i will expect a breakout to
the downside. because of
the fundamentals of the
GBP (Brexit) still to tricker
article 50. (hard or soft brexit)
Hard=exiting the free market.
Soft=Staying in the free market.

it will probably be the hard way.
Plus Great Britain could use a cheap
price for the pound sterling, as it moves
the economy and export.
the investments in England from other
countries will be weaker.but the export
will probably uplift that.

we will see what happens in a short amount of time.

stay updated.
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