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GBP/JPY trading signal - Brexit negotiations fail - 20 Jun 2018

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Signal details
Entry Price: 
145.30
Close Price: 
145.30
Direction: 
Low
Expiry Time: 
21:00 GMT
How we trade
5/5 of 6 ratings

The British Pound is so far failing the needed correction with Brexit concerns and a looming BoE rate call likely to keep traders more cautious. Michel Barnier, the EU's chief Brexit negotiator, recently suggested that UK should be ready for hard Brexit scenario, having in mind the Irish border issue. Today, major central bank speeches are scheduled, with Bank of Japan governor Kuroda speech set for 13:30 GMT later on the day. We would expect GBPJPY to continue trading lower.

gbpusd trading signal 20 jun 2018

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. He has no business nor personal relationships with any mentioned government entities or stocks. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion.