Selling British Pounds / Buying Japanese Yen

Sterling versus Yen is stretched and high

This study is a weekly chart which shows the percentage that the GBP/JPY is trading above its 200 week moving average.

It’s trading at 182.90 at the time of writing.

While overbought readings can stay overbought for longer than many expect and currencies do trend wonderfully, be my guest initiating a new long at these prices…..

…..for doing so isn’t the best risk/reward skew that you’ll find in capital markets.

June 30, 2023

by Rob Zdravevski

Karri Asset Advisors

rob@karriasset.com.au