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GBPJPY WEEKLY ANALYSIS 4th NOV

GBPJPY WEEKLY ANALYSIS 4th NOV

TECHNICAL ANALYSIS

Consolidation with an uptrend bias likely as the higher lows on pull back continue. We are likely to put in a further challenge to the 140.75 resistance. A break and a close above paths the way to 143.50. Although maybe not this week!

FUNDAMENTAL ANALYSIS

With no deal Brexit off the table (for now) we should see GBP supported in dips. “Risk on” appetite apparent which should cap any JPY gains for now.

 

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