FXWW News/GBP crosses/Trade Ideas

GBP/JPY intraday: More gains looking likely

  • GBP/JPY has breached recent daily highs at 169.15 and closed above there;
  • USD/JPY has had an intraday pivot in recent sessions near 103.00 and the close above there makes a test of 103.70 increasingly likely;
  • 1.6410 has been the level I’ve been watching in cable and the close above there makes further impulsive gains increasingly likely.

Be patient, but play GBP/JPY from long side would be my suggestion.

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