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GBPJPY breakdown
Main bias: Buys at AOI near 142 PPL, maybe a bit earlier if support holds strong
Possibility of downside based on elections and technical break below 141.8
What to watch out for:
-GBP Election related news (positive headlines and BoJo wins = GBP positive = GJ buys)
-Trade war headlines (positive headlines = deflate JPY = supports GJ buys)
-Brexit headlines (positive headlines = GBP positive = supports GJ buys)
-UK data this week (GDP and Manufacturing)
Credit also given to CH for breakdown.
Possibility of downside based on elections and technical break below 141.8
What to watch out for:
-GBP Election related news (positive headlines and BoJo wins = GBP positive = GJ buys)
-Trade war headlines (positive headlines = deflate JPY = supports GJ buys)
-Brexit headlines (positive headlines = GBP positive = supports GJ buys)
-UK data this week (GDP and Manufacturing)
Credit also given to CH for breakdown.
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