GBJPY...WHAT NEXT?
In this video update, we take a look at GBPJPY as the price is approaching the key resistance level.
Recently Prime Minister Boris Johnson announced on Twitter that the UK and EU have come to some form
of an agreement in which the deal is fair for the UK and the EU. However, Boris Johnson has now got to take
this deal into Parliament where ministers will vote to accept the deal or not. If the answer is negative
the risk of a no-deal will increase the GBP will likely fall.
Technically price is at a key resistance level on the monthly timeframe where we could see some profit-taking of
the recent move higher. Daily highs offer support at 135.50 where we could see price test next.
Recently Prime Minister Boris Johnson announced on Twitter that the UK and EU have come to some form
of an agreement in which the deal is fair for the UK and the EU. However, Boris Johnson has now got to take
this deal into Parliament where ministers will vote to accept the deal or not. If the answer is negative
the risk of a no-deal will increase the GBP will likely fall.
Technically price is at a key resistance level on the monthly timeframe where we could see some profit-taking of
the recent move higher. Daily highs offer support at 135.50 where we could see price test next.
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