GBP/JPY was the best trade this week

Technical Analysis

Author: Adam Button | gbpjpy

The pound was the top performer, the yen lagged


Reversion is all the rage.

The combination of risk-appetite and hopes for a Brexit deal have been a powerful combination this week, sending GBP/JPY higher by 2.5% or 355 pips this week.

The cumulative rally from the Sept 3 low is now more than 800 pips. Technical traders will not that the entire move was a spring from the August low of 126.55.
weekly performance
 
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