Looking at the hourly currency index I can see continued weakening of the JPY against the GBP. Naturally I will be seeking to make trades against the yen by going bullish on the GBP/JPY pair.
Looking at the hourly charts there appears to be some near support around the Kijun-Sen at 135.32 and again around 135.45. On Mondays 15m chart we see some range bound price action. I will be seeking to go long on a bounce off the 135.000 area with a target of 136.300.
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