The British currency has strengthened quite significantly in recent days on the news of reaching an agreement on Brexit. Probably it was premature optimism, because contradictory information has been coming recently. The pound therefore reacts with a sell-off in quite over sold markets. The very technical pair GBP/JPY on the daily chart shows a bar pin at the level of the previous high. The price starts to fall. Judging by fairly readable swing, we have at least few days of declines coming.
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