GBPJPY 1D Long

16 בנוב׳ 2018

I believe that GBPJPY has a good chance to recover from yesterdays big drop. Price has fallen to a significant Fibonacci level of .50 and is losing sellers control. As far as Brexit goes, not much has changed about what the plan is going forward, Brexit is a go for Theresa May. Even though the resignations in the government sent the pound tumbling, I believe it should recover 100-250 pips at least.