GBPJPY Analysis

٣ يونيو ٢٠٢٠

GBPJPY earlier in the London session managed to break into the 137 region , which lines up with a key psychological level, 200 MA and key resistance. From a COT perspective it appears that banks have propped up Sterling in order to sell at better prices. Our final target for this trade is at a key fib retracement level and key support.