5.28 Pound Surge
This article does not indicate or recommend buy/sell timing.
Please make your own investment decisions.
Yesterday in Tokyo morning, it seemed we posted the article at a good timing, and the GBP/JPY surged sharply after breaking out of a consolidation.
It extended about 180 pips since the article update.
Having breached the long-term horizontal level, there is room to aim a bit higher.
EUR/JPY also rebounded after reaching the N target value; since the article update it has extended by about 100 pips.
In Friday’s delivery, we discussed buying European currencies, selling the yen, and buying the dollar ahead of weekend indicators.
It has progressed as expected toward the end of the month.
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