Buy GBP/JPY – Citi trade of the week

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GBP/JPY is often known as “the dragon” due to its wild nature. Volatile currency pairs also provide opportunities. The team at Citi offers a trading idea about this pair:

Here is their view, courtesy of eFXnews:

Currency investors should consider buying GBP/JPY* this week, advises CitiFX Research in its weekly FX pick.

Citi recommends buying GBP/JPY* around 147.41 targeting 150 with a stop at 145.67. 

Citi weekly trades provide short term guidance on where they see 1-2 week opportunities in G10 FX markets.

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About Author

Yohay Elam – Founder, Writer and Editor
I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me.

Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

  • Laurent Yves

    It should enter the category of ‘One of the worst advice of the week’.