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GBP/JPY close below 50-WMA bearish

Source: Thomson Reuters


  • BOJ Nakaso & Nippon Life pushback v more QQE supporting yen higher

  • UK Trade & IP misses, poor overseas Gilt demand & election are weighing on GBP 

  • Close below 50-WMA & 61.8% of Oct-Dec rise at 177.16 & 176.27 bearish

  • If 175.45 Feb low breaks, weekly Cloud top & 21-wk BB 174.33/3.85 next targets

  • Market Data
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