Pound will slide as JPY becomes a 'Safe-haven'

It would be great to hear your thoughts.

Based on the negative news surrounding the British Pound, we expect the GBPJPY pair to slide. From a technical standpoint, the pair has considerable room to fall, On both the 30M and 1HR timeframes, the pair has clearly rejected an upper bound. However, based on the expected volatility , initially, we expect the pair to appreciate in value, returning back to the pairs descending channel .

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This is an opinion, not financial advice.