FX:GBPJPY   Paun British / Yen Jepun
An observation on this pair show a potential upside move as we are at a key price zone. The setup would hold if an engulfing candlestick closes tomorrow. the potential move may even reach previous highs which could be 1000 pips. How ever the pound pairs are exhibiting great weakness against other pairs , with most of them lowering price against a lot of pairs. in conclusion the Pound would need to gain strength so that they may achieve these anticipation maybe through stronger fundamentals in the coming days.

Penafian

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