A break to the upside on the GBPJPY, may see a quick move back to 156.50.
Monday, July 20, 2009
GBPJPY Going into Tokyo
The 155.40 level of the GBPJPY has been flirted with a few times, in the past few hours. Watch for a clear break below it for a scalp or short term intraday trade. I think the Sterling may lose a little steam as it comes down from the new monthly high on the Cable at 1.6555.
A break to the upside on the GBPJPY, may see a quick move back to 156.50.
A break to the upside on the GBPJPY, may see a quick move back to 156.50.
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