FX:GBPJPY   British Pound / Japanese Yen
The pound had a very strong week pushing to the near 134.000 psych level. As I type this price is at 133.529 at 11:49 AM New York time on Friday. I am expecting to see GBPJPY reach the 134.000 handle possible before market close, but from there I am expecting to see some sellers come into the market. It is Friday and the market closes in 5 hours so I will not be taking any additional trade for the week, but seeing how the market opens on Sunday will be a key indicator as to whats next for GBPJPY.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.