Like its close relative, GBPUSD, Pound Yen looks due for a rest after a phenomenal up move.
Like its close relative, GBPUSD, Pound Yen looks due for a rest after a phenomenal up move. Look for a retrace back toward the trend line in the 150.00 area to enter long in the direction of the trend. Trading against the trend could be profitable but extremely risky and not recommended.