GBP/JPY Technical Analysis for September 29, 2020 by FXEmpire

by birtanpublished on October 4, 2020

from fx empire this is chris taking a look at the british pound japanese gen pair you can see we shot straight up in the air and uh slammed into 136 but at this point uh it looks like we are struggling a little bit and um when you look at the chart it does make a bit of sense there's obviously some selling pressure here could be making the death cross here soon not that anybody who's ever made anybody paid too much attention to that but uh it does catch some headlines

I suspect we're probably gonna fade this continue to go lower obviously though if we can break above say 130 60 or so that changes a lot uh this is based upon knee-jerk reaction early in the day an npc member suggested that negative interest rates aren't even on the table okay so knee-jerk reaction whether or not a six completely different scenario

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