GBPJPY, Great Britain Pound - Japan Yen: Trend Analysis
GBPJPY
A very difficult cross to read technically at this stage, in which we are in an obvious range with many price structures.
If it were to breakdown it would be extremely risky to enter short because you could bounce back on the level just below.
If it were to breakup instead there would be more potential gains on the Risk Reward profile, although there is first a potential resistance that could temporarily block a new bullish trend favoring the Pound and optimism in this currency after the developments of Brexit.
Happy Trading at All!
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