Currency investors should consider selling GBP/JPY this week, advises CitiFX in its weekly FX pick to clients.
“Sell GBP/JPY at 130.55, target 127.10, stop loss 132.60,” Citi advises.
*Citi weekly trades provide short term guidance on where they see 1-2 week opportunities in G10 FX markets. Unless Citi explicitly extends them, they will be closed out automatically at COB the second Friday after they are introduced.
*This trade is recorded in eFXplus Orders.
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