HutsonBay

GBPJPY Short Setup - Daily Chart

Short
OANDA:GBPJPY   Livre sterling / Yen japonais
Unfortunately my GBPJPY long position was stopped out during Labour's speech, coupled with comments from Barnier around UK progress on key areas like citizen's rights.
On the daily time frame we have a perfect break, retest, followed by more bearish candles.
Theresa May is speaking today and she will be doing her best to cement her position as a stable leader and to drive home certainty around the UK economy. This may create some short term bids on £, but we will see!
Happy Friday...
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