GBPJPY Consolidation range.

GBPJPY is trading in range-bound movement. We might see this consolidation to continue for some more time, moreover one can take buy or sell call on GBPJPY at support or resistance level of consolidation range, respectively. Once the pair breaks out from the consolidation range, one can initiate a trade, on the break-out side, for the long term. As and when it gets updated, we will inform and post an update.

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Commentaire:

usa has expanded it lending criteria so we have seen this volatility in market.
ecb also said no more for qe and there are highly chance of not going to no-deal brexit.