GBPJPY is breaking out of a wedge to the upside with a possible target in the 159 area which also coincides with the 78.6 fib level to complete a bearish Gartley where the pair should reverse. It makes sense that any upside in GBP would be limited given the upcoming Brexit vote is just around the corner.
My analysis is for informational purposes only and should not be construed as advice to buy/sell any instrument. Always perform your own due-diligence and never enter into a trade based solely on someone else's opinion/analysis without doing your own.
My analysis is for informational purposes only and should not be construed as advice to buy/sell any instrument. Always perform your own due-diligence and never enter into a trade based solely on someone else's opinion/analysis without doing your own.