Forex Trading: GBPJPY Has Potential but Timing Is Key

Exactly one week ago we discussed the GBPJPY and what we might do based on various outcomes of the range that had materialized between 143.70 and 145.70.

Well, here we are five trading days later, and the pair is trading just 30 pips higher than it was at the time of last week’s post.

There’s been a relative silence to the yen that leaves me on edge.

Sure, pairs like the AUDJPY and NZDJPY have managed to churn higher following the May 17th landslide, but all in all the safe haven yen has been pretty docile since last week’s surge in volatility.

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