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GBPJPY can go upto 149 and beyond just this or next week. It is going to keep it up but we are still waiting what is going to happen end of the month with Brexit and uk parliament deciding on a few big issues. If legislation is to be passed - it is going to have an enormous impact and it is happening this end of the month.
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GBPjpy is heading to 149
GBPJPY is starting to make a retracement back up. It is going to be a big one. End of month is far away and political decisions in UK. So we could enjoy a little breath out of GBPJPY upwards. It is what it is - upwards. Let's wait and see it.
GBPjpy support at 144
GBPJPY support at 144 played its role and now we are so far away from the lowest levels. 149 is possible next week. So let's wait and see. End of june is far away and political decisions will have impact end of june, not now. So we are in an uptrend now and a little peacefull time.
GBPjpy stable at around 145
GBP pairs stay stable after retracements from lows. The next month there will be a move. Last day of may it is going to be very peaceful and I don't expect any large movements for today. GBP is showing long-term weakness because of Brexit and uncertainty about policy changes and trade between UK and EU.
GBP pairs retraced higher
GBPJPY is around 144.60, very easily could go to 146. Other gbp pairs don't look weak . The thing is that the month must be awaited before entering again. Bull positions are possible and we could try to squeeze some pips out of them. This is my view from the charts.
GBP/JPY
GBPjpy is falling sharply and other pairs are followig suit. It may last quite a while before it is again ok. We cannot enter now any bull positions. A bottom is unclear when it is going to happen. After 145 is passed, which already happened, it is highly possible we go much much lower before we see a support level.
GBP pairs stay at support
GBP pairs are staying at support levels and this could mean we can start the next month with a sligt rebound. Here is nothing so much to trade. Not any big movements. So obviously we should stay away from the market and take no action at the moment. So just a few days away from the new month.
GBP pairs still low
GBPJPY is close to 145. It was a support level beginning of march. So let's say it will last a lot longer in the coming months. We could easily see a rebound back to 149. I am not sure, but this is what I think currently from the charts. A range between 145 and 147 could last for some time too.
GBP pairs end low the week
We are almost at some hard support levels and I suppose that beginning of june we are going higher. The events which are going to happen end of june are far away and before that prices can be low again. Now I don't expect prices to plummet any further. It's going to be upwards for gbp pairs.
GBPJPY stays low
GBPJPY is staying low at the end of may. Possibly these lows will repeat at the end of june. We could see even lower rates. All this is happening because of Brexit. But we should wait and see what is going to happen. In summer there are rarely some great bearish movements. So I still believe we could see some 150+ levels for GBPJPY after end of June.