Flows and Orders/FXWW News/GBP crosses

Big player reportedly selling GBP/JPY

The giant Norwegian state pension fund has reportedly been selling GBP/JPY above 169.50 in early European trade. They may only be taking a bit of hard-earned profit ahead of the Christmas holidays but their presence is always worth noting.

  1. To be 100% honest Marcelo I have absolutely no idea. December markets are always tricky and as we know, getting the timing right at any stage is difficult. But, the trend and momentum is strong so chances are in favour of this continuing

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