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andrewunknown

GBP/JPY: Breaking down from Bearish Gartley in post-GDP Trade

Paun British / Yen Jepun (FX:GBPJPY)  
andrewunknown  
FX:GBPJPY   Paun British / Yen Jepun
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The Guppy trades lower following this AM's UK GDP print that saw a +0.3% rise Q/Q to +0.6% that was widely anticipated and may have been priced-in with the brisk move higher off the 148 bottom in mid-July. Bids have come in at (B) near 152.50 as they have the past 4 sessions; but should this level give 149-150 near (C) becomes downside consideration.
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