A lot of action cooking here

27 באוג׳ 2019

The downside is wide open, Tokyo tried the downside early in Asia before London began taking profit. Pound longs are giving up already with no-deal now a done-deal. Mainstream media will shift to a heavier tone, and with another +/- 900 ticks to go I prefer to sell rallies from here.

GBPJPY buyers will attempt to come in at 128.5x, and expect more interest on the 126 handle. Both good areas to do some profit taking. Only a move above 132 will change the downside momentum.

Good luck...