FOREXEL
Short

GBPJPY - Extreme climb but not enough to stay there

FX:GBPJPY   British Pound / Japanese Yen
54 0 8
Awesome price to go short. The BOJ managed to pull a good one last Friday, but even though BOJ wants to weaken its currency (like every other country out there) and the Pound will strengthen some more over time - this price is not sustaineable for the Pound right now. With a crazy market this pair might move a bit more up but the price is too good for sellers not to jump in and push it down a good bit. Happy trading
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