Buy GBP/JPY – Citi trade of the week

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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