Instrument: GBPJPY
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 154.202 with take profit at 154.373.
Bearish Preference:
Sell position is envisaged if price trades below 153.560 with take profit at 153.387.
Fundamentals:
None with high impact on the currencies
Comment: The British pound gave back some of its weekly gains, despite a higher than expected jump in UK’s inflation. The GBP/JPY declines 0.10%, trading at 153.96 during the day at press time.
Analysis: SCRUM Team