nailahLovell

GBP/JPY Short Brexit

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OANDA:GBPJPY   英镑/日元
With Brexit news in the balance, It has allowed British Pound to become extremely bearish. Japanese Yen is definitely in more of a demand. We have broken structure to the sell side, we keep making lower lows, and under a two hour down trendline, several confluences to continue to sell. I do see small retracements however I would be super surprised if the overall sentiment was to go bullish long term right now, I am still bearish unless market provides a reason to stop.
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