A lot of action cooking here

FOREXCOM:GBPJPY   British Pound / Japanese Yen
The downside is wide open, Tokyo tried the downside early in Asia before London began taking profit. Pound longs are giving up already with no-deal now a done-deal. Mainstream media will shift to a heavier tone, and with another +/- 900 ticks to go I prefer to sell rallies from here.

GBPJPY buyers will attempt to come in at 128.5x, and expect more interest on the 126 handle. Both good areas to do some profit taking. Only a move above 132 will change the downside momentum.

Good luck...

Related Ideas


Nice post.. With Boris successfully suspending parliament this analysis maybe spot on now.. Would you be most GBP pairs?
+1 Reply
Good pick. GBP is one of the weakest currencies and JPY going towards becoming the strongest. I'm loading up on this short, Happy days.
Thanks for sharing
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out