What does a near 500 pip trading range do for the technicals in GBPJPY?
It traded down 100 pips before racing higher. Up about 270 pips now.
The GBPJPY has led the charge higher today. The pair soared on the back of pounds bullish surge after the BOE/Carney comments this week (see Adam’s post here). The JPY was sold today too. Is the market viewing N. Korea comments of "sinking